Janata Bank Limited UAE Business Account

Minimum Salary
0,00 د.إ

Description

Janata Bank Limited offers a Business Current Account tailored for UAE-registered entities and professional firms with multi-currency capabilities, unlimited free teller transactions, and a transparent fee schedule. A modest minimum initial deposit of AED 5,000 opens the account with no ongoing minimum balance requirement, making it accessible for SMEs while still providing robust corporate banking services.

Features

Account Package Overview

Account Name: Business Current Account
Currencies Supported: AED, USD, EUR, GBP
Minimum Initial Deposit: AED 5,000
Minimum Average Balance: None (no fall-below fees beyond standard service charges)
Account Opening Fee: None
Monthly Maintenance Fee: None
Free Transactions: Unlimited over-the-counter teller transactions
Online Banking: 24/7 corporate Internet banking portal

Key Features & Benefits

Multi-Currency: Hold, transfer, and transact in multiple currencies.
Unlimited Teller Transactions: No per-transaction fees at branches.
Corporate Online Banking: Real-time access to statements, transfers, and bulk payments.
Cheque Services: Cheque book issuance, stop payments, and cheque return management.
Debit Card: Corporate debit card for ATM withdrawals and POS transactions.
Salary Processing: WPS salary file upload for efficient payroll management.

Eligibility Criteria

Entity Types:
- Mainland companies (LLCs, sole proprietorships)
- Free-zone entities
- Branches of foreign companies
- Professional partnerships and freelancers with valid UAE permits
Authorized Signatories: Must be UAE residents holding Emirates IDs and valid visas.
Trade License: Current and active trade license matching declared business activity.

Detailed Schedule of Fees

Service Category	Service Description	Fee (AED)
Account Maintenance	Account Opening	Free
	Monthly Maintenance	Free
	Account Closure (≤ 6 months)	100
	Dormant Account Reactivation (annual)	100
Teller Transactions	Over-the-Counter Teller Transactions	Free
Cheque Services	Cheque Book (50 leaves)	First book free; 100 thereafter
	Stop Payment Instruction	150
	Cheque Return (inward/outward)	150 per cheque
	Duplicate Cheque Copy	50 per request
Funds Transfers & Remittances	Intra-Janata Bank Transfer	Free
	Domestic Transfer (other UAE banks)	20 per transaction
	International Transfer (online)	31.5 per transaction
	International Transfer (branch)	52.5 per transaction
	SWIFT Copy	Free
	Amendment/Investigation Request	50 per request
	Cancellation/Recall	100 per request
Corporate Debit Card	Issuance	Free
	Replacement	25
Salary Processing	WPS File Upload	2 per beneficiary
Statements & Reports	Electronic Statement	Free
	Duplicate Statement (branch)	25 per cycle
Digital Banking	Corporate Internet Banking Setup	Free
	Maintenance	Free

Documents Required

Corporate Documentation:
- Trade License and Commercial Registration
- Memorandum & Articles of Association (MOA/AOA) or partnership deed
- Board Resolution or Power of Attorney authorizing signatory powers
Identity Documentation (each signatory):
- Passport copy with valid UAE residency visa
- Emirates ID copy
Proof of Address:
- Ejari tenancy contract, utility bill, or recent bank statement (≤ 3 months old)
Additional (if applicable):
- VAT registration certificate
- Bank reference letter or audited financial statements for credit facilities
- Ultimate Beneficial Owner (UBO) structure documentation

Additional Info

The Janata Bank Business Current Account is ideal for SMEs and professional services firms seeking a cost-effective, multi-currency, and digital-enabled account with no monthly maintenance and transparent fees for specialized services.