United Arab Bank (UAB) UAE Business Account

Minimum Salary
0,00 د.إ

Description

United Arab Bank offers three core business account packages—Business Access, Business Current, and Corporate Current—tailored to startups, SMEs, and large corporates. Packages feature minimum average balance requirements, low monthly maintenance fees, and comprehensive digital and branch services. UAB provides transparent fee schedules covering teller transactions, cheque services, transfers, and value-added services.

Features

Account Package Overview

Feature Business Access Business Current Corporate Current
Minimum Avg. Balance (AED) 10,000 20,000 Customized
Maintenance Fee (AED/mo) 100 (waived if balance ≥10k) 150 (waived if balance ≥20k) Customized
Fall-Below Fee (AED/mo) N/A (maintenance fee applies) N/A (maintenance fee applies) N/A
Free Teller Txns/mo 3 6 Unlimited
Additional Teller Txn Fee AED 10 each AED 10 each Customized
Debit Card Free issuance; AED 25 replacement Free issuance; AED 25 replacement Free issuance; AED 25 replacement
Relationship Manager No Optional for AED 200/mo Assigned

 

  1. Eligibility Criteria
  • Entity Type: UAE-incorporated LLCs, sole establishments, free-zone companies, branches, and registered freelancers.
  • Signatories: Must hold valid UAE residence visa and Emirates ID.
  • Trade License: Valid, unexpired, and matching business activity.
  • Balance Requirements: Maintain minimum average balances to waive fees.

Detailed Schedule of Fees

Account Maintenance

Service Business Access Business Current Corporate Current
Monthly Maintenance Fee AED 100 AED 150 Customized
Fall-Below Fee N/A N/A N/A
Account Closure (≤6 months) AED 100 AED 150 AED 250
Dormant Account Charge (annual) AED 105 AED 105 AED 200

 

Teller Transactions & Cash Handling

Service Business Access Business Current Corporate Current
Free Teller Transactions per Month 3 6 Unlimited
Additional Teller Transaction Fee AED 10 AED 10 AED 10
Cash Deposit (branch) Free Free Free
Cash Withdrawal (branch) AED 5 AED 5 Free
Bulk Cash Deposit/Withdrawal (>AED 50k/day) 0.10% 0.10% 0.05%

 

Cheque Services

Service Fee (All Packages)
First Cheque Book (50 leaves) Free
Additional Cheque Book (50 leaves) AED 31.50
Cheque Return (inward/outward) AED 300
Stop Payment Instruction AED 105
Post-Dated Cheque Lodgement AED 15
Post-Dated Cheque Withdrawal/Postponement AED 20

 

Transfers & Remittances

Service Over-Counter Fee (AED) Online Fee (AED)
UAB⇄Other UAE Banks Transfer AED 10 AED 3
UAB⇄UAB Internal Transfer Free Free
International Outward Transfer (SWIFT) AED 78.75 AED 1.05
Inward Remittance (credit) Free N/A
SWIFT Copy AED 21 Free
Amendment/Investigation AED 31.50 N/A
Cancellation/Recall AED 105 AED 78.75

 

Digital Banking & Value-Added Services

Service Fee (All Packages)
BusinessONLINE Internet Banking Setup AED 400 (one-time)
Internet Banking Maintenance AED 200 per month
ProCash Soft Token Free
Standing Instruction Setup AED 50
SI Amendment/Cancellation AED 25/ AED 50
Bulk File Upload (salary/vendor) AED 50 per file

 

Documents Required

  1. Corporate Documents:
    • Trade License and Commercial Registration
    • Memorandum & Articles of Association (and amendments)
    • Board Resolution authorizing signatories
  2. Identity Documents (for each signatory):
    • Passport copy, Emirates ID copy, UAE residence visa copy
  3. Proof of Address:
    • Ejari tenancy contract or recent utility bill (≤3 months)
  4. Additional:
    • UBO declaration for layered structures
    • Bank reference letter or audited financials (for Corporate Current)

Additional Info

  • Choose Business Access for entry-level needs with modest transaction volumes.
  • Select Business Current for SMEs requiring moderate free teller transactions.
  • Opt for Corporate Current for customized solutions, unlimited transactions, and dedicated relationship management.

All fees exclude 5% VAT where applicable.

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