rakbank Bank
Values:
Rakbank offers its services to the customers with its values of integrity, transparency, a collaboration of all its team members to generate better ideas and accountability to the shareholders
Services:
Services provided by Rak Bank include
  • Accounts like Current account, savings account, RO booster, RAKsave, Gold Account
  • Cards like World card, Air Arabia card, High Flyer card, Platinum card, Titanium card, RED card.,
  • Loans like Home in one, personal loan, mortgage home loan, RAKauto loan, UK mortgage loan
  • And many other services like insurance, salary transfer, and RAK money transfer.,

Rakbank

CEO: Peter England
Chairman: Mohamed Omran Al Shamsi
  • Rakbank (National Bank of Ras Al Khaimah) was founded in 1976 with its headquarters in the emirate of Ras Al Khaimah.
  • It has undergone a transformation in 2001 due to its shift from Corporate to Personal and Business Banking
  • Rakbank has 39 branches and 293 ATMs in the UAE providing conventional and Islamic retail, small businesses and commercial banking services.

Savings Account Provided by Rakbank

Amal Savings Account

minimum balance

Min Balance to Maintain

3K

monthly fee

Monthly Fee

0

annual fee

Annual Fee

0

relationship manager

Relationship Manager

No

Currency Account

Yes

minimum balance

3K

Min Balance to Maintain

monthly fee

0

Monthly Fee

annual fee

0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Features

  • This is an Islamic account by nature.

Benefits

  • This account is based on the principles of mudaraba.
    Get a free debit card, along with your account.
    Free online SMS banking along with phone and mobile banking.
  • There are no rewards for this account to avail.

Savings Account

minimum balance

Min Balance to Maintain

3K

monthly fee

Monthly Fee

0

annual fee

Annual Fee

0

relationship manager

Relationship Manager

No

Currency Account

Yes

minimum balance

3K

Min Balance to Maintain

monthly fee

0

Monthly Fee

annual fee

0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Features

Benefits

  • You can avail a free debit card with this account.
    Get an unlimited access to your savings.
    Get your monthly, bi quarterly and quarterly account statements with this account.
    You can transfer your funds between your accounts easily and conveniently.
    Avail free online banking with retail login credentials.
    You can open your account online with the click and collect service and just visit the branch to collect your debit card.
  • There are no rewards on this account.

Amal Jood Savings Account

minimum balance

Min Balance to Maintain

3K

monthly fee

Monthly Fee

0

annual fee

Annual Fee

0

relationship manager

Relationship Manager

No

Currency Account

No

minimum balance

3K

Min Balance to Maintain

monthly fee

0

Monthly Fee

annual fee

0

Annual Fee

relationship manager

No

Relationship Manager

No

Currency Account

Features

  • This is an Islamic account by nature.

Benefits

  • This account is based on the principles of mudaraba.
    Get a free debit card, along with your account.
    Free online SMS banking along with phone and mobile banking.
    Avail free EDM Cash and cheque deposits.
    Avail online banking and e statements of your account, with Jood savings account.
    Free RAKDIRECT and mobile banking facilities.
  • There are no rewards for this account to avail.

RAKsave Account

minimum balance

Min Balance to Maintain

3K

monthly fee

Monthly Fee

0

annual fee

Annual Fee

0

relationship manager

Relationship Manager

No

Currency Account

No

minimum balance

3K

Min Balance to Maintain

monthly fee

0

Monthly Fee

annual fee

0

Annual Fee

relationship manager

No

Relationship Manager

No

Currency Account

Features

Benefits

  • Avail a free debit card with this account.
    Instant account access to pay your bills or conduct account transfers through RAKDirect
    Avail monthly account statements to know about your balances.
  • There are no rewards on this account.