Basic
Minimum monthly average balanceAED 25,000
Included teller transactionsFive per month
Debit-card daily limitsAED 10,000 ATM; AED 15,000 purchases for eligible cardholders
Ajman Bank Business
Islamic business bank account packages
Basic, Premium and Platinum packages across business current, 2-in-1 and call accounts.
At a glance
Key facts
Account variantsBusiness current, 2-in-1 and call accounts
Account structureCurrent account uses Qard Hasan and earns no profit; 2-in-1 and call accounts use Mudaraba
CurrenciesCurrent and call accounts publish AED, USD, GBP and EUR options; 2-in-1 is AED only
Minimum balanceBasic AED 25,000, Premium AED 100,000 and Platinum AED 250,000 monthly average or foreign-currency equivalent
Cheque bookFirst book included for eligible AED current and 2-in-1 accounts; later books priced by package
Debit cardIssued for eligible AED sole-establishment accounts; daily ATM and purchase limits depend on tier
International transfersForeign-currency transfers at branches or online have package-specific charges and correspondent costs
PayrollWPS salary files and per-record processing listed in the business tariff
Tariff dateBusiness tariff version January 2024
Fees
Business account openingFree
Account closure within six monthsAED 105
Standing instruction or direct-debit setupAED 52.5
Use cases
Use casesBusiness accounts, International payments, Payroll
Plans
Premium
Minimum monthly average balanceAED 100,000
Included teller transactionsFifteen per month
Debit-card daily limitsAED 25,000 ATM; AED 100,000 purchases for eligible cardholders
SupportRelationship manager
Platinum
Minimum monthly average balanceAED 250,000
Included teller transactionsForty-five per month
Debit-card daily limitsAED 300,000 ATM; AED 500,000 purchases for eligible cardholders
SupportRelationship manager
Fees
Free
Business account opening
105AED
Account closure within six months
52.5AED
Standing instruction or direct-debit setup
Good to know
Account access
Business current and 2-in-1 accounts are for UAE residents; the call account also covers non-residents. The 2-in-1 account is AED only.
Profit and cheques
The Qard Hasan current account pays no profit. Mudaraba accounts use quarterly profit terms and minimum qualifying balances. Cheque books are for AED current or 2-in-1 accounts, not call accounts.
Debit-card eligibility
Business debit-card issuance is limited to eligible AED sole establishments and does not apply to accounts operated under a power of attorney.
Teller allowance
Basic includes five, Premium fifteen and Platinum forty-five teller deposits, withdrawals or local and international transfers per month. Extra transactions have a separate tariff.
Cash-machine term
Transguard smart cash-deposit machines have a 24-month minimum service term; early cancellation can require twelve months of rental charges.
Dormancy
An account unused for three years may become dormant and need reactivation with valid identity documents before transactions resume.
Returned cheques
Insufficient-funds cheques may lead to fees, AECB reporting, restrictions on cheque books or account operation and possible legal action.
Cooling off
The account key facts offer a five-business-day cooling-off period after signing; an applicant may waive it in writing to proceed immediately.