| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
RAKBANK - Evantage
|
Minimum Balance Required: AED 0 | Annual Return: 1.25% | Features: Free Credit/Debit Card |
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):
Documents Required:
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%
- 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
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/)
