24 hours a day just never seem to be enough to get everything done. That’s why RAKBANK’s Evantage Account gives you the speed and convenience of managing your day-to-day finances online, with free online telex transfer options, while earning you interest at the same time.

Balance Range and it's respective Interest (Per Annum):

• AED 0 – AED 9999 - 0.25%
• AED 10,000 – AED 99,999 - 0.75%
• AED 100,000 – AED 249,999 - 1.00%
• =or> AED  250,000 - 1.25%

Features & Benefits:

• Convenient management of your finances online
• Attractive interest rates
• Interest calculated on daily balances and paid monthly
• No minimum Account Balance and no Account Maintenance Charges
• Free Debit Card
• Free monthly electronic statements
• Free EDM Cash and Cheque deposits
• Free RAKdirect and Mobile Banking Channel facility
• Up to 1 International OR 3 Local Electronic Transfers free every month
• Mail a Cheque facility on request - Charges apply
• Check Account Balance and view Statements online
• Cheque Book
• Initial Balance - AED 1000
• No minimum Account Balance or Account Maintenance Charges
• Currency - AED Only
• Only UAE nationals and residents who are 21 years and above in age can apply
• Single and joint account holders (either or accounts only) permitted
• Branch transactions are restricted for this Account. Charges apply
• Interest payout on intra month closure of account will be as per Bank’s policy
• Upto 4 cheque leaves requests permitted within a 31 day period for Mail a Cheque facility

Terms and Conditions governing Personal Accounts and Online Banking services will apply

Documents Required:

• Duly filled and signed Application form
• Copy of valid passport and valid residence visa (Minimum 2 months validity required for UAE Resident Visas), if applicable
• Salary Transfer Letter, if applicable (If your monthly salary is between AED 3,000 to AED 5,000/)