Ajman Bank Business Account

Minimum Salary
25.000,00 د.إ

Description

Ajman Bank offers three Shari’ah-compliant business current account packages—Basic, Premium, and Platinum—with no account-opening fee, tiered minimum average balance requirements, fall-below monthly fees, and free monthly teller transactions. Eligibility requires a valid UAE trade license (or freelancer permit), Emirates ID for signatories, and standard corporate documents. A transparent tariff of charges applies beyond free allowances.

Features

Account Packages & Core Features

Feature	Basic Package	Premium Package	Platinum Package
Minimum Avg. Balance Requirement (AED)	25,000	100,000	250,000
Fall-Below Fee (AED/month)	350	500	650
Account Opening Fee	Free	Free	Free
Account Closure Fee (≤ 6 months)	100	100	100
Free Teller Transactions (per month)	5	10	15
Teller Fee Thereafter (AED/txn)	25	25	25
Standing Instruction / Direct Debit Setup	50 per request	50 per request	50 per request
Insufficient Funds Fee (per debit)	25	25	25
Balance Confirmation Letter	300 per request	300 per request	300 per request
Monthly e-Statement	Free	Free	Free
Dormant Account Reactivation	Free	Free	Free

(All charges exclusive of 5% VAT unless stated)

Eligibility Criteria

Entity Type: UAE-registered companies (LLC, sole establishment, free-zone), branches of foreign entities, freelancers with valid permits.
Authorized Signatories: Must present valid UAE residence visa and Emirates ID.
Trade License: Valid and reflecting current business activity.
Account Segmentation: Average balances reviewed monthly; fall-below fees charged if requirements unmet.

Teller Transactions & Cash Handling

Service	Fee (AED)
Cash Deposit & Withdrawal (teller)	5 free/mo; AED 25 each thereafter
Cheque Deposit & Withdrawal (teller)	5 free/mo; AED 25 each thereafter
Bulk Cash Deposit/Withdrawal (> AED 1 m/day)	No charge
Foreign Currency Cash Deposit/Withdrawal	1% of amount
Demand Draft Issuance	50 per instrument
Demand Draft Cancellation	50 per request
Cheque Book (50 leaves)	Free first book; N/A thereafter
Cheque Return (inward/outward)	105 per cheque
Stop Payment Instruction	50 per instruction

(Bulk teller transactions waive fall-below credits but subject to teller fees after free allowance)

Remittances & Transfers

Service	Manual Fee (AED)	Online Fee (AED)
Local Funds Transfer (to other UAE banks)	10 per txn	Free
Intra-Ajman Bank Transfer	Free	Free
International Transfer (online & branch)	26.25 per txn	26.25 per txn
SWIFT Copy	Free	Free
Amendment / Investigation Request	50 per request	N/A
Cancellation / Recall	100 per request	N/A

Account Services & Maintenance

Service	Fee (AED)
Account Closure (≤ 6 months)	100 per account
Dormant Account Reactivation	Free
Duplicate Statement (per request)	25 per cycle
Balance Confirmation Letter	300 per request
Liability / No-Liability Certificate	60 per request
Release Letter	50 per request

4.4 Digital Banking & Alerts

Service	Fee (AED)
Mobile & Online Banking Subscription	Free
SMS Alerts (beyond complimentary)	Free
Utility Bill Payment via ATM/Mobile/Online	Free
ATM Card Issuance & Replacement	Free issuance; 25 replacement

Documents Required

Corporate Documentation:
- Trade License & Commercial Registration
- Memorandum & Articles of Association (and any amendments)
- Board resolution or Power of Attorney for signatories
Identity Documents:
- Passport copy, Emirates ID, and visa page for each signatory
Proof of Address:
- Ejari tenancy contract or utility bill (≤ 3 months old)
Financials & References:
- Last 6 months’ bank statements (company or UBO/major shareholders)
- Bank reference letter (if requested)

Additional Info

Basic Package: Suited for micro and small enterprises needing cost-effective entry banking with modest transaction volumes.
Premium Package: Ideal for growing SMEs with increased transaction needs and higher balance maintenance.
Platinum Package: Best for established businesses with high transaction volumes seeking greater free teller allowances and relationship banking services.