Your business needs a trustworthy partner

Open a premium current account today!

  • Key features
  • Documents Required

  • Charges

Premium Current Accounts : Key features

  • All those who are authorized to open current account can open this account.
  • Existing current account holders can also open this account.
  • Even Individuals can also open this account
  • Minimum Balance – The depositor is required to maintain a minimum balance of AED 100000 on daily basis for AEDaccounts. For USD accounts minimum balance requirements shall be USD 50000 on daily basis.
  • Auto Sweep facility - AED 25000 & multiple thereof - USD 10000 and multiple thereof
  • FFD shall be issued for 90 days
  • Debit Card, Internet Banking, Mobile Banking

Premium Current Accounts :
Documents Required

  • Copy of Trade License, Chamber of Commerce & Economic Dept Registration.
  • Copy of MOA and AOA. (In case documents in Arabic, then English translation of all documents).
  •  Self attested copy of Passport, Visa and Emirates ID/Pan card of all partners.
  • Copy of Tenancy Contract with Ejari.
  • One recent color Passport size photograph of the authorized signatory.
  • Board resolution for opening of account with BOB as per format given in the account opening form.
  • Bank’s account statement for last 6 months for existing company.
  • Resident Tenancy contract copy.
  • In case of subsidiary/Branch office of the foreign company, duly legalized and consularized Board Resolution of the parent company for setting up Subsidiary/Branch office at UAE.
  • MOA and AOA of the parent Company.
  • Share holding pattern/Share certificate of the parent company.
  • NOC from Sponsor, In case sponsor name different on VISA.
  • original of all the documents for verification.
  • Submit AECB report for account opening.
  • 1 year vat returns/2 years audited balance sheet
  • Company Seal/Stamp.

Premium Current Accounts : Charges

  • As applicable from time to time, please refer to service charges guidelines separately or click service charges to see more details.

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