SME Account Provided By ADCB

Zero Balance Free account

Features of ADCB SME Account

  • 0% interest rates are paid on current account
  • Bank takes around 3 working days to activate the account
  • You get assigned with a dedicated relationship manager for this account
  • This account can be opened in AED or other major currencies also
  • Documentation is simple
  • Easy and fast process to get your loan approved
  • Interest will be calculated on daily basis and will be paid monthly
  • Internet banking is offered free of cost on selected accounts
  • You can access teller transaction at any of bank’s branch
  • Get special discount on every payment transaction
  • For each new account opened, ADCB offers AED 25 to charity

Documents Required of ADCB SME Account

  • Application form
    • Passport Copy + Visa
      • Articles of Association (AOA)
        • Board Resolution
          • Trade Licence
            • Memorandum of Association (MOA)
              • Chamber of Commerce Certificate copy
                • Address Proof

ADCB SME Account

adcb Bank

23 SME Accounts Provided By ADCB

BusinessChoice account

Interest Rate

1%

Min Balance to Maintain

AED 10K

Monthly Fee

AED 0

Relationship Manager

Yes

Currency Account

Yes

1%

Interest Rate

AED 10K

Min Balance to Maintain

AED 0

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

Islamic Standard Savings Account

Min Balance to Maintain

AED 5K

Monthly Fee

AED 25

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

AED 5K

Min Balance to Maintain

AED 25

Monthly Fee

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Standard Savings Account

Min Balance to Maintain

AED 5K

Monthly Fee

AED 25

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

AED 5K

Min Balance to Maintain

AED 25

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Islamic Premium Current Account

Interest Rate

0%

Min Balance to Maintain

AED 50K

Monthly Fee

AED 100

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 50K

Min Balance to Maintain

AED 100

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Premium Current Account

Interest Rate

0%

Min Balance to Maintain

AED 50K

Monthly Fee

AED 100

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 50K

Min Balance to Maintain

AED 100

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Preferred Current Account

Interest Rate

0%

Min Balance to Maintain

AED 100K

Monthly Fee

AED 250

Relationship Manager

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 100K

Min Balance to Maintain

AED 250

Monthly Fee

Yes

Relationship Manager

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Preferred Savings Account

Min Balance to Maintain

AED 100K

Monthly Fee

AED 250

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

AED 100K

Min Balance to Maintain

AED 250

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Islamic Preferred Savings Account

Min Balance to Maintain

AED 100K

Monthly Fee

AED 250

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

AED 100K

Min Balance to Maintain

AED 250

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Islamic Preferred Current Account

Interest Rate

0%

Min Balance to Maintain

AED 100K

Monthly Fee

AED 250

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 100K

Min Balance to Maintain

AED 250

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Islamic Priority Current Account

Interest Rate

0%

Min Balance to Maintain

AED 500K

Monthly Fee

AED 300

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 500K

Min Balance to Maintain

AED 300

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Priority Current Account

Interest Rate

0%

Min Balance to Maintain

AED 500K

Monthly Fee

AED 300

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 500K

Min Balance to Maintain

AED 300

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Freezone Platinum Current Account

Interest Rate

0%

Min Balance to Maintain

AED 250K

Monthly Fee

AED 500

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 250K

Min Balance to Maintain

AED 500

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Islamic Platinum Savings Account

Min Balance to Maintain

AED 250K

Monthly Fee

AED 500

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

AED 250K

Min Balance to Maintain

AED 500

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Islamic Elite Current Account

Interest Rate

0%

Min Balance to Maintain

AED 1000K

Monthly Fee

AED 500

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 1000K

Min Balance to Maintain

AED 500

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Platinum Savings Account

Min Balance to Maintain

AED 250K

Monthly Fee

AED 500

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

AED 250K

Min Balance to Maintain

AED 500

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Elite Current Account

Interest Rate

0%

Min Balance to Maintain

AED 1000K

Monthly Fee

AED 500

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 1000K

Min Balance to Maintain

AED 500

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Islamic Freezone Platinum Current Account

Interest Rate

0%

Min Balance to Maintain

AED 250K

Monthly Fee

AED 500

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 250K

Min Balance to Maintain

AED 500

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Elite Savings Account

Min Balance to Maintain

AED 1000K

Monthly Fee

AED 500

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

AED 1000K

Min Balance to Maintain

AED 500

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Islamic Elite Savings Account

Min Balance to Maintain

AED 1000K

Monthly Fee

AED 500

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

AED 1000K

Min Balance to Maintain

AED 500

Monthly Fee

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Islamic Term Deposit

Min Balance to Maintain

AED 5K

Currency Account

Yes

Approval Time

3 Days

AED 5K

Min Balance to Maintain

Yes

Currency Account

3 Days

Approval Time

Term Deposit

Min Balance to Maintain

AED 5K

Currency Account

Yes

Approval Time

3 Days

AED 5K

Min Balance to Maintain

Yes

Currency Account

3 Days

Approval Time

Islamic Standard Current Account

Interest Rate

0%

Min Balance to Maintain

AED 25K

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 25K

Min Balance to Maintain

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Standard Current Account

Interest Rate

0%

Min Balance to Maintain

AED 25K

Relationship Manager

Yes

Currency Account

Yes

Approval Time

3 Days

Local Transfer Cost

AED 25

International Transfer Cost

AED 50

0%

Interest Rate

AED 25K

Min Balance to Maintain

Yes

Relationship Manager

Yes

Currency Account

3 Days

Approval Time

AED 25

Local Transfer Cost

AED 50

International Transfer Cost

Frequently Asked Questions

Q. Do we get E-statements facility in ADCB?

A. Yes, you get free E-statements facility.

Q. How are interest rate calculated in ADCB?

A. Interest rates are calculated on monthly and quarterly basis.

Q. How can we earn ADCB TouchPoints?

A. In ADCB you can earn TouchPoints on your account balances.

Q. Do we get SMS banking and mobile banking option in ADCB?

A. Yes you get free SMS banking, mobile banking and internet banking.

Q. Are non-residents of UAE eligible to apply in ADCB?

A. Yes, both individual residents and non- residents are eligible for apply in ADCB.

Q. What is the eligibility requirement for prize draws in ADCB?

A. You need to have minimum monthly balance of AED 5000 to be eligible for prize draws in ADCB.

Q. What is the minimum and maximum average balance required in ADCB?

A. Minimum average balance required is AED 10k and maximum required is AED 250k.

Q. What are the late payment charges in ADCB?

A. On every late payments, penalty of 2% is charged on amount delayed.

Q. Will I be allowed to make transactions from abroad using my ADCB Debit card?

A. Yes, but you have to inform bank in advance.

About ADCB

Abu Dhabi Commercial Bank (ADCB), features in the Forbes list of top 1000 biggest public companies. It provides retail, commercial, Islamic banking and other financial services to people. Founded in 1985 and headquartered in Abu Dhabi, UAE, the bank operates on five strategic pillars:

  • UAE-centric approach with controlled internationalization
  • Sustainability through growth of liabilities
  • Culture of efficiency and service excellence
  • Follow a pre-defined risk strategy
  • Focuses on staff

ADCB offers three categories of services:

  • Aspire
  • Privilege Club
  • Excellency

The services and charges vary depending on the category in which you choose to bank with them.