Account Packages & Key Features

Package	Min. Avg. Balance (AED)	Maintenance Fee (AED/mo)	Fall-Below Fee (AED/mo)	Free Teller Txns/mo	Additional Txn Fee (AED/txn)
RAKstarter	0	103.95	Nil	N/A	26.25 after 2 free¹
Business Current	250,000²	Waived if ≥ AED 250 k; else 52.5	52.5	2	26.25
Business Elite	500,000³	Waived	262.5	Unlimited	N/A
Commercial Elite	1,000,000	Waived	1,050	Unlimited	N/A
RAKvalue SME Plus⁴	0	51.45	N/A	N/A	N/A
RAKvalue SME Max⁴	0	156.45	N/A	N/A	N/A

 

¹. RAKstarter: first two teller txns free; 3rd onwards AED 26.25
² .Entity-level average credit balance of AED 250 k to avoid fees
³. Entity-level average credit balance of AED 500 k to avoid fees
⁴ .Bundled SME package—includes RAKvalue SME benefits alongside an account

 

2. Eligibility Criteria

• Business Type: UAE-registered entities (LLC, sole establishment, free-zone), branches of foreign companies.
• Signatories: Each authorized signatory must be ≥21 years, hold a valid UAE residency visa and Emirates ID.
• Trade License: Valid and current, matching business activity.
• SME Packages: Companies with valid trade license, up to AED 30 m turnover for RAKvalue SME.

Detailed Schedule of Fees

1. Account Maintenance & Balances

Fee Type	RAKstarter	Business Current	Business Elite/Commercial Elite	RAKvalue SME Plus/Max
Monthly Maintenance Fee	AED 103.95	AED 52.5*	Waived	AED 51.45 / AED 156.45
Fall-Below Fee	Nil	AED 52.5	AED 262.5 / AED 1,050	N/A
Express Account Opening (one-time)	AED 262.5	AED 262.5	AED 262.5	Included
Dormant Account Fee (annual)	AED 105	AED 105	Nil	Nil

 

*Waived if entity-level average ≥ AED 250 k

2. Teller Transactions & Cash Handling

Service	RAKstarter	Business Current	Business Elite	Commercial Elite
Free Teller Txns per Month	0	2	Unlimited	Unlimited
Additional Teller Txns (per txn)	AED 26.25	AED 26.25	N/A	N/A
Bulk Cash Handling (> Daily Limit)	0.10% + 5% VAT	0.10% + 5% VAT	0.05% + 5% VAT	0.05% + 5% VAT
Daily Limit for Bulk Handling	AED 250 k	AED 250 k	AED 1 m	AED 1 m

 

(Bulk cash fee applies beyond daily cumulative limit)

3. Remittances & Transfers

Service	Over-Counter Fee	Online Fee
Local Funds Transfer (AED)	AED 30	AED 3
Outward TT (local & FCY)	AED 60–70	AED 60–70
Inward Remittance	Free	N/A
Amendment/Cancellation	AED 100	N/A
Swift Copy	AED 25	Free

 

(Digital banking waives certain online fees for RAKstarter & SME packages)

4. Cheque Services

Service	Fee
First Cheque Book (50 leaves)	Free (all packages)
Additional Cheque Leaf	AED 1 per leaf
Cheque Return (inward/outward)	AED 52.5 – 262.5 per item
Stop Payment	AED 52.5 per instruction
Post-Dated Cheque Handling	AED 52.5 per cheque
Statement Copy Request (>1 month)	AED 100–200 per cycle

 

(Fees vary by package; statement fees apply after free entitlement)

5. Digital Banking & Other Services

Service	Fee
Digital Banking Access Fee	AED 52.5/month
Additional User Access	AED 105/month
Balance Confirmation Letter	AED 50–100 per letter
Certificate of Balance	AED 250 per request
Trade License Expiry Grace Charge	AED 250/month
Account Closure (≤6 months)	AED 200–500

 

(Digital banking fees waived for RAKstarter & RAKvalue SME customers under conditions)

RAKvalue SME Package Benefits

• Accounting Software (“accountable”): Basic in Plus; Advanced in Max.
• Business Takaful Cover: Basic in Plus; Advanced in Max (up to AED 3 m public liability).
• Remittance Waivers: 4 free international & domestic remittances per month.
• ATM Withdrawals: 5 free non-RAKBANK withdrawals per month (Max only).
• Preferential USD Rates:669/3.675 buy/sell post-activation.^[2]