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RAKBANK, also known as the National Bank of Ras Al Khaimah (P.S.C) a Public Joint Stock Company, is one of the oldest and most dynamic banks in the UAE. Founded in 1976, the Bank underwent a major transformation in 2001, with a shift in focus from Corporate Banking to Personal and Business Banking.


from 8 000 AED
General Information
Banking products
Сlients, private banking, asset management, investments, and loans
Account Types
Private; Corporate; Savings
Minimal Requirements
Minimum balance, €
The minimum average monthly account balance - AED 0, AED 25.000, AED 250.000 - depending on the tariff
Permissible number of transfers per month
The number of transfers is not restricted for business accounts
Efficiency of payment
The payments are executed same day
Transfer, € (for the amount of € 50 000)
Аny 3 transactions per month are free of charge, each subsequent transaction - AED 25
Crediting, € (for the amount of € 50,000)
Аny 3 transactions per month are free of charge, each subsequent transaction - AED 25
Account maintenance, € / year
Тhe account maintenance fee is charged if the account drops below the minimum balance and is ~ USD 14 per month
Account Opening

For a personal account: proof of identity (passport); proof of address (not older than 3 months); Resident Visa; CV; bank reference letter + bank statements for the last 6 months.

For a corporate account: completed bank questionnaires for the company and owner; bank statements from the company account for the last 6 months (if the company is new, then bank statements from the owner’s other company account); copies of existing contracts with partners; office lease contract, cash flow chart, ownership structure chart, etc.

Departure to the bank
The beneficial owner must visit the country for account opening
Duration of application, months
1-2 months