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Premium Current Accounts
Premium Current Account can be opened by business firms, companies, institutions, and other corporate bodies etc. but excluding banks and financial institutions.
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Key features
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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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