National Bank of Fujairah (NBF) Business Account

Minimum Salary
0,00 د.إ

Description

NBF offers four tiered business banking packages—Business Plus, Business Priority, Business Elite, and Business Advantage—each tailored to different business sizes and transaction volumes. Features include zero or low minimum balances, bundled digital banking services via NBF Edge, preferential foreign currency rates, and customizable trade and cash management solutions. Fees are transparent and competitive, with maintenance or subscription charges that can be offset by meeting balance or activity thresholds.

Features

Account Packages & Core Features

Package Min. Avg. Balance (AED) Subscription / Maintenance Fee Free Teller Transactions / Month Key Benefits
Business Plus No requirement AED 100 / month 5 Basic current account services; digital banking via NBF Edge
Business Priority AED 50,000 Waived if balance maintained 10 Preferential FX rates; waived cash handling fees
Business Elite AED 150,000 Waived if balance maintained 20 Premium digital services; free cheque books; enhanced trade tools
Business Advantage Customized Customized subscription Unlimited Tailored treasury, liquidity, and trade finance solutions

 

  1. Eligibility Criteria
  • Entity Type: UAE mainland or free-zone LLCs, sole establishments, professional firms, branches of foreign companies.
  • Signatories: Authorized signatories must hold valid UAE residency visas and Emirates IDs.
  • Trade License: Current license matching business activity.
  • Subscription Waiver: Balance-based fee waivers for Priority and Elite; bespoke criteria for Advantage.

Detailed Schedule of Fees

1. Account Maintenance & Subscription

Package Fee Details
Business Plus AED 100/month; AED 200 fall-below fee
Business Priority Free (if balance ≥ AED 50k); else AED 150
Business Elite Free (if balance ≥ AED 150k); else AED 250
Business Advantage As per negotiated subscription

 

2. Teller Transactions & Cash Handling

Service Business Plus Priority / Elite Advantage
Free teller transactions/month 5 10 / 20 Unlimited
Additional teller transaction fee AED 25 AED 10 N/A
Cash deposit / withdrawal (branch) Free ≤ 100k; 0.10% >100k Free ≤ 250k; 0.05% >250k Waived
Bulk cash handling (> daily limit) 0.15% 0.10% Waived

 

3. Remittances & Transfers

Service Over-Counter Fee Online Fee
Local transfer (other UAE banks) AED 10 Free
NBF-internal transfer Free Free
International outgoing transfer AED 50 AED 25
International incoming transfer Free N/A
Swift copy AED 15 Free
Amendment / investigation AED 50 N/A
Cancellation / recall AED 100 AED 50

 

4. Cheque Services

Service Fee (All Packages)
Cheque book (50 leaves) Free (Priority/Elite) / AED 20 (Plus)
Additional cheque leaf AED 1
Cheque return (inward/outward) AED 100
Stop payment AED 50
Demand draft issuance / cancellation AED 100 / AED 50

 

5. Digital Banking & Value-Added Services

Service Fee (All Packages)
NBF Edge subscription Included
Bulk file upload (IBAN salary/ vendor) AED 50 per file
Standing instruction setup/amendment AED 50
Direct debit setup / revocation AED 100 / AED 50
Dormant account charge (annual) AED 100
Account closure (≤6 months) AED 200

 

Documents Required

  • Corporate Documents: Trade License, Commercial Registration, Memorandum & Articles of Association (and amendments), Board Resolution or Power of Attorney.
  • Identity Documents: Passport copy, Emirates ID, and UAE residence visa for each authorized signatory.
  • Proof of Address: Ejari tenancy contract, utility bill, or recent bank statement (≤3 months).
  • Financials & References: Last 6 months’ bank statements (company or UBO), bank reference letter if requested.

Additional Info

  • Business Plus is ideal for startups and micro-businesses needing basic digital banking.
  • Business Priority suits SMEs maintaining moderate balances with added cost savings.
  • Business Elite is designed for high-volume enterprises requiring premium services.
  • Business Advantage offers fully customized banking solutions for corporates with sophisticated treasury and trade finance needs.

All fees exclusive of 5% VAT unless otherwise specified.

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