Free
EDB 360 account opening and onboarding
EDB Business Banking
Digital SME business account
EDB 360 digital business accounts with no balance floor and local transfers.
At a glance
Key facts
Account typeEDB 360 current account for UAE-registered micro and small businesses
Minimum balanceNone for EDB 360 current and savings accounts
InterestEDB advertises 3.25% per year on business current and savings accounts
Local transfersUnlimited local transfers within EDB or to other UAE banks without a bank charge
CardsUp to 10 active business debit cards per customer; AED 250,000 customer daily total and AED 50,000 per transaction
SavingsUp to nine active savings and nine active fixed-deposit accounts
Fixed deposit minimumAED 5,000
OpeningIn-app document upload; EDB advertises review within 48 hours
Fees
EDB 360 account opening and onboardingFree
EDB 360 account maintenanceFree
EDB 360 transfer within EDBFree
Use cases
Use casesBusiness accounts
Fees
Free
EDB 360 account maintenance
Free
EDB 360 transfer within EDB
Good to know
Eligible businesses
The service is for UAE-registered LLCs, sole proprietorships, civil companies and free-zone entities. A valid trade licence, company documents, shareholder and signatory identity, address proof, UAE mobile number and email are requested for onboarding.
International transfers
The EDB 360 key facts mark international transfers outside the UAE as not applicable. EDB's separate corporate cash-management tariff does not price this account.
Fixed deposits
Early withdrawal of an EDB 360 fixed deposit pays interest one percentage point below its agreed deposit rate.
Advertised return
The 3.25% annual rate is advertised on EDB's product page; the account key facts do not state its calculation or eligibility conditions.