RAK Bank Account Opening - Step by Step Guide

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RAK Bank is one of the well-known banks in the UAE. It offers various personal banking and business banking services for customers. To make banking easy and comfortable it offers phone banking, online banking and mobile banking services. In the UAE, RAKBANK has 27 branches and 200+ ATMs and Cash Deposit Machines. 

Firstly, before opening an account in RAKBank, you must choose an account. There are various RAKBank Savings Account, RAKbank Current Accounts, RAKbank Deposit Accounts provided. 

RAK BANK Account Opening Process at the branch

The process of opening a RAKBANK account is simple and easy. Once you’ve decided on the account you want to get, visit the nearby RAKBank branch. 

  • Get the account application form 
  • Fill the form with the right details of Name, Nationality, Date of Birth, Address, Phone Number, Email ID, etc. 
  • Attach the identity proof documents like Emirates ID, Passport copy, Resident Visa copy, etc. if needed 
  • Submit the application form along with the identity proofs 

Note: 

  • On some accounts, there might be an initial deposit required to be made on the account  
  • There can be a processing fee charged on the account opening 
  • There can be a nominal fee charged on the account application form 

RAK Bank Online Account Opening Process

Existing RAK Bank customers can open a RAK Bank Account online from anywhere at any time. The steps for RAK Bank online account opening for an existing customer are, 

  • Open RAK Bank Online Banking or Mobile Banking 
  • Log in using your Rakbank username and password 
  • Find the account opening option and click on it 

As the bank would have all your details with them already, the process of RAK Bank Online account opening will be completed soon. 

For new customers, the steps for RAK Bank online account opening are, 

  • Visit RAKBank website 
  • Go to the Accounts section 
  • Choose the account you want to get 
  • Click on Apply Now 
  • Fill in the basic details like Name, Phone Number, Email Address and Monthly Salary range 
  • You’ll be contacted by the RAKBank team on the further process of account opening 

FAQs

Q. Are non-residents eligible to apply for a RAKBank account?

A. Yes. There are a few RAKBank accounts for which non-residents of UAE are eligible.

Q. Can existing customers apply for any account through online banking?

A. Online banking or Mobile Banking customers can apply only for certain accounts online.

Q. Are there any charges levied on the RAK Bank online account opening?

A. No. There are no additional online account opening charges levied.

Q. How will I get the cheque book and debit card if the account is opened online?

A. If your account offers a debit card and cheque book, on RAK Bank online account opening, the welcome kit which consists of debit card, cheque book will be sent to your registered address through post.

Q. Can minors open a RAKbank account?

A. Yes. There are a few RAKBank accounts for which minors are eligible.

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