| Annual Fee | Islamic Banking | Minimum Balance | Multiple Currencies | |
|---|---|---|---|---|
ADIB - Business One
|
Annual Fee: AED 1,200 | Islamic Banking: Yes | Minimum Balance: AED 5,000 | Multiple Currencies: Yes |
Looking for a basic account package to support your ambitions? ADIB Business one comes with a minimum average balance of AED 5,000 and a competitive fee structure.
Features & Benefits:
Eligibility:
Features & Benefits:
- Business Classic Debit Card
- ADIB Business Classic Cheque Books
- Over 15 currencies to open your account in (including USD, EUR, GBP, JPY, CNY, etc.)
- Bank on the go & enjoy free telex transfers with ADIB Business Internet Banking
Eligibility:
- Minimum Monthly Average Relationship Balance of AED 5,000.
- AED 100 per month maintenance fees
- Trade License, Commercial Registration, Chamber of Commerce Membership Certificate, Memorandum of Association, and any subsequent amendments and POA’s, if any
- Original valid passport and passport Copies of all Partners including Residence Visa for signatories
- Original valid passport and Emirates ID for the signer/s
-
Other documents upon request
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
