Banque Misr UAE Business Account

Minimum Salary
25.000,00 د.إ

Description

Banque Misr UAE’s Smart Business Current Account offers SMEs and corporate clients a multi-currency banking solution with interest-earning balances, unlimited free teller transactions, and transparent fee structures. A minimum monthly average balance of AED 25,000 waives maintenance fees, while tiered interest rates reward higher balances in both AED and USD.

Features

Account Package Overview

Account Name: Smart Business Current Account
Currencies: AED, USD
Minimum Monthly Average Balance (MAB): AED 25,000
Monthly Maintenance Fee: Waived if MAB ≥ AED 25,000; otherwise AED 100
Account Opening Fee: None
Cheque Book: First book (50 leaves) free; additional at AED 50/book
Debit Card: International SME Visa debit card issued free; replacement at AED 25

Interest Rates on Average Balances

Balance Tier (AED)	AED Interest Rate p.a.	USD Interest Rate p.a.
0.01–10,000	0.00%	0.00%
10,000.01–50,000	0.10%	0.05%
50,000.01–200,000	0.15%	0.10%
200,000.01–5,000,000	0.25%	0.15%
Above 5,000,000	0.10%	0.05%

Eligibility Criteria

Entity Type: UAE-registered companies (mainland, free zone), branches, sole establishments, and licensed freelancers.
Signatories: Must hold valid UAE residence visa and Emirates ID.
Trade License: Valid and matching declared business activity.
SME Definition: Small- and medium-sized enterprises as per UAE criteria; no minimum turnover for account opening.

Detailed Schedule of Fees

Account Maintenance & Balances

Service	Fee (AED)
Monthly Maintenance Fee (if MAB < AED 25k)	AED 100 per month
Account Closure (≤ 6 months)	AED 100
Dormant Account Reactivation (annual)	AED 200

Teller Transactions & Cash Handling

Service	Fee (AED)
Teller Transactions (unlimited)	Free
Cash Deposit (branch)	Free
Cash Withdrawal (branch)	Free
Bulk Cash Deposit/Withdrawal (> AED 100k/day)	0.10% of amount
Cheque Book (first book, 50 leaves)	Free
Additional Cheque Book	AED 50/book
Cheque Return (inward/outward)	AED 200 per cheque
Stop Payment Instruction	AED 100 per instruction

Funds Transfers & Remittances

Service	Online Fee (AED)	Branch Fee (AED)
Intra-Banque Misr Transfers	Free	Free
UAE Domestic Transfers (other banks)	Free	AED 25 per txn
International Outward Transfers	AED 26.25	AED 52.50
Inward Remittance Credit	Free	N/A
SWIFT Copy	Free	AED 10
Amendment / Investigation	AED 26.25	AED 52.50
Cancellation / Recall	AED 52.50	AED 100

Digital Banking & Value-Added Services

Service	Fee (AED)
Corporate Online Banking Setup	Free
Corporate Online Banking Maintenance	Free
WPS Salary File Upload (per file)	AED 50
WPS Salary Transfer (per beneficiary)	AED 2
Standing Instruction Setup/Amendment/Cancellation	AED 100 / AED 50
Bulk File Upload (vendor payments)	AED 50 per file

ATM & POS

Service	Fee (AED)
Banque Misr ATM Withdrawal (UAE)	Free
Other UAE ATM Withdrawal	AED 5 per txn
GCC ATM Withdrawal	AED 10 per txn
International ATM Withdrawal	AED 20 per txn
POS Transactions (domestic)	Free
POS Transaction Decline Fee	AED 1 per txn

Documents Required

Corporate Documents:
- Valid Trade License and Commercial Registration
- Memorandum & Articles of Association (and amendments)
- Board Resolution or Power of Attorney authorizing signatories
Identity Documents (each signatory):
- Passport copy with valid UAE residence visa page
- Emirates ID copy
Proof of Address:
- Ejari tenancy contract, utility bill, or bank statement (≤ 3 months old)
Additional (if applicable):
- VAT registration certificate
- Audited financial statements or bank reference letters for credit facilities

Additional Info

Banque Misr’s Smart Business Current Account is ideal for SMEs and corporates seeking a cost-effective, interest-earning, and multi-currency banking solution with unlimited free transactions and digital convenience.