Bank | National Bank of Ras Al-Khaimah PJSC (RAKBANK) |
Minimum Average Balance | AED 25,000.00 - Minimum balance required to avoid fees |
Monthly Fee | AED 103.95 - Monthly maintenance fee |
Fall Below Fee | AED 52.50 - Charged if balance falls below AED 25,000 |
Free Teller Transactions | 2 |
Returned Cheque Fee | AED 105.00 - For insufficient funds |
Local Transfer Fee | Branch: AED 52.50 / Online: AED 3.15 - AED 52.5 via branch, AED 3.15 online |
International Transfer Fee | Branch: AED 105.00 / Online: AED 26.25 - AED 105 via branch, AED 26.25 online |
Cheque Book Details | First cheque book free; AED 105 per additional cheque book |
Account Closure Fee | AED 210.00 - Fee applies if closed within 6 months |
Additional Info | Suitable for businesses needing multi-currency access |