RAKstarter below-minimum charge; no minimum balance · per monthFree
RAKvalue SME Plus add-on · per monthAED 51.45/month
RAKvalue SME Max add-on · per monthAED 156.45/month
RAKvalue SME Plus or Max cancellation within six monthsOne additional monthly package fee
Business Current or RAKstarter closure within six months · one-timeAED 210*
*The fee is waived during the KFS's five-business-day cooling-off period.
Express account opening · one-timeAED 262.5
Inactive account · per yearAED 105
Dormant account · per yearFree
RAKstarter upgrade to Business Current within 12 months · one-timeAED 262.5
RAKstarter upgrade to Business Elite · one-timeFree
Business or Commercial Elite downgrade within 12 months to Current, RAKstarter or RAKfinance · one-timeAED 525
Trade licence not renewed within 60 days after expiry · per monthAED 367.5
Business digital-banking login below AED 250,000 monthly average · per monthFree*
*The listed AED 52.50 login charge is waived below AED 250,000 and by RAKvalue, Cash Management or cheque-direct packages.
Business digital-banking login at or above AED 250,000 monthly average without qualifying package · per monthAED 52.5
Corporate digital-banking login · per monthAED 105
Digital-banking enquiry access · per monthFree
Incoming electronic transfer: local AED, AANI, USD or other foreign currency · per transferFree
Incoming salary, end-of-service benefit, pension or allowance · per transferFree
Internal RAKBANK transfer via digital banking · per transferFree
Internal RAKBANK transfer at branch · per transferAED 52.5
Business Current or RAKstarter domestic AED transfer via digital banking · per transferAED 3.15*
*An additional AED 1.05 applies to UAE outgoing EFT, except salary, end-of-service, pension and allowance payments.
UAE outgoing EFT addition, excluding salary, end-of-service, pension and allowance · per transferAED 1.05
Business Current domestic AED transfer at branch · per transferAED 78.75
RAKstarter domestic AED transfer at branch · per transferAED 52.5
Business Current or RAKstarter international or non-AED transfer via digital banking · per transferAED 26.25*
*Beneficiary and correspondent banks may add charges.
Business Current international or non-AED transfer at branch · per transferAED 78.75*
*Beneficiary and correspondent banks may add charges.
RAKstarter international or non-AED transfer at branch · per transferAED 105*
*Beneficiary and correspondent banks may add charges.
RAKMoneyTransfer India INR up to AED 500 equivalent; launch servicing-fee waiver applies · per transferAED 5.25
RAKMoneyTransfer India INR AED 500.01–1,000 equivalent; launch servicing-fee waiver applies · per transferAED 10.5
RAKMoneyTransfer India INR above AED 1,000 equivalent; launch servicing-fee waiver applies · per transferAED 15.75
RAKMoneyTransfer UK GBP; launch servicing-fee waiver applies · per transferAED 75
RAKMoneyTransfer Europe EUR; launch servicing-fee waiver applies · per transferAED 75
Electronic transfer amendment, cancellation or fate enquiry via digital bankingAED 52.5*
*Overseas-bank charges may also apply.
Electronic transfer amendment, cancellation or fate enquiry at branchAED 78.75*
*Overseas-bank charges may also apply.
Same-currency USD transfer or conversion charge1.575%
GBP or EUR foreign-currency transfer or conversion charge1.575%
First AED-account cheque book each yearFree
Business Current second normal cheque book, digital requestAED 52.5
Business Current second normal cheque book, branch requestAED 105
RAKstarter second normal cheque book, digital requestAED 78.75
RAKstarter second normal cheque book, branch requestAED 105
More than two normal cheque books monthly, digital: per additional leafAED 2.625 per leaf
More than two normal cheque books monthly, branch: per additional leafAED 4.2
AECB enquiry for cheque-book issuance to a new client under six months, where applicableAED 52.5
Cheque book or other deliverable deliveryAED 26.25
Courier deliveryAED 26.25
Manager's cheque or demand draft, branch requestAED 52.5
Manager's cheque or demand draft, digital requestAED 10.5
Manager's cheque or demand-draft cancellationAED 105
Manager's cheque encashment after relationship closureAED 262.5*
*SWIFT or telex and other-bank charges may also apply; the guide estimates AED 44.10–133.35 for the latter.
Foreign cheque purchase; minimum AED 100, maximum AED 1,0000.13125%*
*Interest at the applicable rate also applies.
Special outward cheque clearing under collection servicesAED 105
UAE cheque collectionAED 26.25
Overseas cheque collection; minimum AED 100, maximum AED 1,0000.13125%
Approximate correspondent charge for USD cheque collection: about USD 200 / AED 734About USD 200 / AED 734*
*Correspondent charges are external and may differ from the estimate.
Returned unpaid cheque collectionAED 105*
*Correspondent or courier charges may add an estimated AED 50.40–593.25.
RAKBANK ATM cash withdrawalFree
Business Current teller transaction: first two per monthFree*
*The teller fee is also waived at a monthly average balance of AED 250,000 or more.
Business Current teller transaction after two per month, below AED 250,000 monthly averageAED 52.5
RAKstarter teller transactionAED 52.5
Cheque deposit at counterAED 26.25
Business Current or RAKstarter bulk cash daily cumulative deposit and withdrawal above AED 250,0000.105%
Monthly account statementFree
Duplicate statement aged over one month to 12 months, digital request per account setAED 105
Duplicate statement aged over one month to 12 months, branch request per account setAED 236.25
Duplicate statement aged over 12 months, digital request per account setAED 210
Duplicate statement aged over 12 months, branch request per account setAED 446.25
Company trade-licence, constitution or signatory profile changeFree
Trade licence, memorandum or share-certificate letterAED 262.5*
*External government charges may also apply.
Balance-confirmation letter to account holder, digital requestAED 52.5
Balance-confirmation letter to account holder, branch requestAED 157.5
Balance-confirmation letter to auditor or other party, digital requestAED 105
Balance-confirmation letter to auditor or other party, branch requestAED 262.5
Liability certificateAED 525
No-liability certificateAED 105
Reference letter, digital requestAED 52.5
Reference letter, branch requestAED 105
IBAN letter, digital requestAED 15.75
IBAN letter, branch requestAED 52.5
Other account letterAED 105
Cheque, letter or document copy up to three months old, per itemAED 26.25
Cheque, letter or document copy aged three to 12 months, per itemAED 78.75
Cheque, letter or document copy over one year old, per itemAED 210
Standing-order setupAED 52.5
Standing-order cancellationFree
Standing-order amendmentFree
Standing-order failure for insufficient fundsAED 210
Approved-charity standing-order paymentFree
Balance-order cancellationFree
Direct-debit registration · one-timeAED 26.25
Direct-debit failure for insufficient funds at paying bankAED 262.5
Direct-debit stop for loan, card or lending paymentFree
Other direct-debit cancellationFree
Non-WPS in-house salary at branch: higher of AED 105 minimum or AED 1.05 per recordHigher of AED 105 or AED 1.05 per record
Non-WPS other-bank salary digitally: higher of AED 52.50 minimum or AED 1.05 per recordHigher of AED 52.50 or AED 1.05 per record
Non-WPS other-bank salary at branch: higher of AED 105 minimum or AED 2.62 per recordHigher of AED 105 or AED 2.62 per record
Non-WPS in-house salary digitallyFree
WPS in-house salary at branch: higher of AED 157.50 minimum or AED 1.05 per recordHigher of AED 157.50 or AED 1.05 per record
WPS other-bank salary digitally: higher of AED 52.50 minimum or AED 1.05 per recordHigher of AED 52.50 or AED 1.05 per record
WPS other-bank salary at branch: higher of AED 157.50 minimum or AED 2.62 per recordHigher of AED 157.50 or AED 2.62 per record
WPS in-house salary digitallyFree
ICCS cheque clearing, presented chequeFree
ICCS special outward cheque clearingAED 215.25
ICCS special inward cheque clearingFree
ICCS outward cheque collectionAED 26.25
ICCS inward cheque collectionFree
Stop payment per cheque setAED 105
Outward deposited cheque returned for insufficient fundsAED 26.25
Outward deposited cheque returned for other reason, courier chargeAED 10.5
Inward cheque drawn on account returned for insufficient available balanceAED 262.5
Partial cheque paymentAED 5.25
Digital Access Card issuance · per monthAED 10.5*
*The guide does not identify this card as the free Mastercard debit card described in the account KFS.
Digital Access Card replacement or reissueAED 26.25
