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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

Current account designed to meet the requirements of business, trading, companies, institutions and other corporate bodies.
Minimum daily closing balance of 100,000 for accounts in AED currency and 50,000 for accounts in USD currency.
Auto Sweep Flexi Fixed Deposit (FFD) will be created in multiple of AED 25,000 and USD 10,000 over and above the minimum balance requirement.
Flexi Fixed Deposit (FFD) will be created for a period of 90 days and prevailing card rate for 90 days will be applicable.
Internet banking facility available.

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.