CBD My Business Plus

Last Updated on 07 February 2019

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 information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website 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. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.

Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.

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CBD Bank

My Business Plus

Interest Rate

0%

Min Balance to Maintain

AED 150K

Monthly Fee

AED 250

Relationship Manager

Yes

Yes

Approval Time

2 Days

Local Transfer Cost

AED 40

International Transfer Cost

AED 60

CBD
interest rate

0%

Interest Rate

min balance

AED 150K

Min Balance to Maintain

monthly fee

AED 250

Monthly Fee

relationship manager

Yes

Relationship Manager

Yes

Currency Account

approval time

2 Days

Approval Time

local transfer cost

AED 40

Local Transfer Cost

inter transfer cost

AED 60

International Transfer Cost

 

Required Documents

  • Emirates ID
  • Valid passport and UAE residence visa
  • Trade License
  • Memorandum of Association
  • Partnership Agreement
  • Power of Attorney
  • Certificate of Commercial Registration
  • Proof of Address
  • Bank reference letter
  • Details of Ultimate beneficial owners

Main Benefits

  • No account maintenance fees is needed provided minimum monthly balance of AED 1,50,000 is maintained
  • Free 40 branch teller transactions per month
  • Free cheque books
  • Free 'My Business' debit card with higher daily cash withdrawal limits
  • Free electronic bank statements
  • Free mobile banking service
  • Free SMS transaction alerts

Frequently Asked Questions

⭐ Can I authorise another person to access my CBD account?

A. Yes, but that person will have to undergo identity check.

⭐ How does e-banking work in CBD?

A. E-banking allows you to easily carry out banking transactions around the clock in CBD.

⭐ How can I make payments in to my current account in CBD?

A. You can make payments either by bank transfer or online.

⭐ Can I change name of applicant on the account?

A. Yes, you need to submit all the documents again along with a cover letter detailing your account number signed by you.

⭐ Can I get access to use online banking services in CBD bank?

A. Yes, you get access to online banking services with which you can view your statements.

CBD

Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:

  • Authenticity
  • Simplicity
  • Partnership
  • Innovation
  • Responsibility
  • Excellence

   Get in touch with CBD Customer Care

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