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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.

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.