AED 150
SME Business Current below-balance fee · per month
NBQ Business Current
Business current account
Current accounts for UAE businesses with branch and online banking.
At a glance
Key facts
Minimum balanceAED 50,000 monthly average
EligibilityEstablished UAE sole proprietorship with a valid trade licence issued by local Emirate departments
CurrenciesAED, USD, GBP and EUR for sole proprietors
AccessOnline transactions at any time and unlimited branch-counter transactions
ChequesFirst cheque book free; sole-proprietor books are AED-only and subject to AECB review
StatementsMonthly electronic statement and transaction SMS included
PaymentsDirect debit, standing instructions and transfers between own accounts
Fees
SME Business Current below-balance fee · per monthAED 150
Sole-proprietor below-balance fee · per monthAED 262.5
Sole-proprietor account opening · one-timeFree
Use cases
Use casesBusiness accounts
Fees
262.5AED
Sole-proprietor below-balance fee · per month
Free
Sole-proprietor account opening · one-time
Good to know
Fee schedules by customer type
The general SME product page quotes AED 150 below balance, while the formal sole-proprietor KFS quotes AED 262.50. Confirm the applicable offer before opening.
Overdraft
An overdraft can be arranged subject to bank approval; it is not automatic with the current account.
Cheque conduct
Four unpaid cheques for insufficient funds in one year can lead to account closure and blacklisting.
Changes to terms
NBQ gives 60 calendar days' notice before permissible changes to the account terms take effect.