Arab Bank UAE Business Account

Minimum Salary
10.000,00 د.إ

Description

Arab Bank UAE offers a single Business Current/Call Account package with a minimum monthly average balance requirement of AED 100,000, above which no service charge applies. Below this threshold, a monthly service charge of AED 200 is levied. The account provides comprehensive transaction banking services—including cash handling, transfers, cheque services, and digital channels—with transparent, per-service fees.

Features

Account Package Overview

Account Type: Business Current / Call Account
Minimum Monthly Average Balance: AED 100,000
Service Charge (if below minimum): AED 200 per month
Account Opening Fee: None
Account Closure Fee:
- AED 500 if closed within 6 months
- AED 200 if closed after 6 months
Balance Maintenance Fee: None beyond the service charge above
Dormant Account Reactivation: AED 100 per account

Eligibility Criteria

Entity Types: UAE-incorporated companies (LLC, sole establishment), free-zone companies, branches of foreign entities, professional partnerships, and unincorporated associations.
Signatory Requirements: Authorized signatories must hold valid UAE residence visas and Emirates IDs.
Trade License: Valid and current, reflecting the declared business activity.
KYC Compliance: Submission of all required corporate and personal documentation per UAE Central Bank regulations.

Detailed Schedule of Fees

Account Services & Maintenance

Service	Fee
Monthly Average Balance Requirement	AED 100,000 per account
Service Charge (if below AED 100k MAB)	AED 200 per month
Account Closure Fee (≤ 6 months)	AED 500 per account
Account Closure Fee (> 6 months)	AED 200 per account
Dormant Account Reactivation	AED 100 per account
SMS Mobile Services Subscription	AED 50 per account per month

Teller Transactions & Cash Handling

Service	Fee
Local Currency Cash Deposit & Withdrawal	0.005% of cumulative amount above AED 500k/day
Foreign Currency Cash Deposit & Withdrawal	2% of amount (min AED 50) per transaction
Special Cheque Clearing	AED 205 per cheque
Post-Dated Cheque Lodgement (per cheque)	AED 15 per cheque
Post-Dated Cheque Stop Payment (per cheque)	AED 75 per cheque

Funds Transfers & Remittances

Service	Online Fee	Manual Fee
Own Account Transfer within Arab Bank-UAE	Free	Free
Fund Transfer within Arab Bank-UAE	Free	AED 15
Domestic Funds Transfer to other UAE banks	AED 25	AED 100
International Funds Transfer	AED 50	AED 200
“OUR” Charge (Domestic & International)	AED 1	AED 125
Recall / Amendment / Investigation of Transfer	AED 100 each
Copy of Outward Payment SWIFT Advice	Free online; AED 10 manual

Cheque & Demand Draft Services

Service	Fee
Cheque Book Issuance (min 500 leaves, starting at 10 books)	AED 1,250 minimum
Counter Cheque Encashment (local currency)	AED 50 per cheque
Demand Draft / Banker’s Cheque Issuance	AED 25 online; AED 35 manual
Demand Draft / Banker’s Cheque Cancellation	AED 100 per transaction
Stop Payment Instruction	AED 50 per request

Standing Instructions & Sweeps

Service	Online Fee
SI / Sweep Setup	AED 50 each
SI / Sweep Amendment	AED 50 each
SI / Sweep Cancellation	AED 25 each
Monthly Maintenance for Balance Orders	AED 10 each
Penalty for Insufficient Funds to Effect SI	AED 50 each

Corporate Documents & Certificates

Service	Fee
Balance Confirmation Letter	AED 200 per letter
Liability Certificate	AED 200 per certificate
Account Details Confirmation Letter	AED 200 per letter
Signature Verification Letter	AED 200 per letter
Audit Confirmation Letter	AED 500 per letter
Release Letter	AED 500 per letter
Company Under Formation Letter	AED 500 per letter
Certificate of Deposit Reissuance	AED 25 per certificate

Digital & Corporate Channels

ArabiConnect Corporate Portal:
- Initial setup: Free
- Monthly subscription: AED 200 for transaction access; AED 100 for view-only
ArabiSync H2H: Setup and maintenance as per arrangement
SWIFT for Corporate: Setup as per arrangement
Escrow Services: Opening fee 0.0125% (min AED 10,000); administration AED 1,000/unit

Documents Required

Corporate Documentation:
- Trade License & Commercial Registration certificate
- Memorandum & Articles of Association (and any amendments)
- Board Resolution or Power of Attorney authorizing account opening and signatories
Identity Documentation (each signatory):
- Passport copy with valid UAE residence visa page
- Emirates ID copy
Proof of Address:
- Ejari tenancy contract or utility bill (not older than 3 months)
- Bank statement showing residential address (if required)
Additional (if applicable):
- Ultimate Beneficial Owner (UBO) declaration for multi-layered entities
- VAT registration certificate
- Bank reference letter or audited financial statements for enhanced services

Additional Info

Ideal for businesses maintaining high balances and requiring comprehensive transaction banking, trade finance, and corporate digital channels. Maintaining the AED 100,000 monthly average balance fully eliminates service charges while unlocking Arab Bank’s full suite of transaction and treasury services.