Last Updated on 23 May 2023

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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RAKBANK Savings Account

RAKBANK Bank

WarningMessage This product is invalid by the Bank

Savings Account

Min Balance to Maintain

AED 3K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

Yes

RAKBANK
min balance

AED 3K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Main 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.

Frequently Asked Questions

⭐ Who can open a RAK bank Savings account?

A. UAE resident or non-resident individuals, including minors are eligible to open a RAKBANK Savings Account.

⭐ Can a company open a RAK Bank Savings Account?

A. No. A company cannot open this account. A Company is permitted to open a RAK Bank current account or RAKfinance company account.

⭐ Can a minor operate RAK Bank Savings account?

A. Yes. A minor can open operate RAK Bank Savings account for further information you can call RAK Bank customer care 042130000.

⭐ In which currency can we open a RAK Bank Savings account?

A. This account is available in UAE, USD, AED, & GBP currencies. For Euro and other currencies can raise a request.

⭐ Do we receive any cheque book with RAKbank Savings account?

A. No. Cheque book is not offered to the account holders with this account.

⭐ How can I access this account?

A. You can access this account through its online banking, mobile banking, phone banking & SMS alerts services.

⭐ What is the minimum balance required to maintain monthly in the RAKBank Savings account?

A. AED 3,000 is required as a minimum balance to be maintained this account.

⭐ When we get statements of RAK bank savings account?

A. We receive account statements on a quarterly basis.

Rakbank

Established in 1976, RAKBANK or the National Bank of Ras Al Khaimah (P.J.S.C), is one of the oldest banks in the UAE. As a member of the UAE Banking Federation (UBF), RAKBANK follows the Custom Charter as stipulated by the UBF and tries to encourage best practices in the financial services industry. It works with a vision to provide ‘simply better’ financial solutions to its customers in and around the UAE’ and a Mission to be the leading bank in the UAE by offering best products.

   Get in touch with RAKBANK Customer Care

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