CBI Business Banking Current Account
Last Updated on 07 February 2019
Business Banking Current Account
Min Balance to Maintain
- 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
- First Cheque Book is free of charge
- Free international Debit Card
- Overdraft facility available subject to eligibility
- Free online banking and mobile banking
- Free monthly account statements
Frequently Asked Questions
Q. Can I get loan from CBI, if I don’t have good credit history?
A. Yes, but you’ll be charged with high interest rates and you might have to provide guarantors or collateral to apply for it.
Q. Am I allowed to check my account’s routine daily transactions using mobile phone?
A. Yes, you can access phone banking in CBI.
Q. How can I make payments in to my current account in CBI?
A. You can make payments either by bank transfer or online.
Q. Do I have to pay penalty if I default in paying back loan amount?
A. Yes, you’ll be charged 5% on late payments made by you.
Q. How are rates for my loan decided in CBI Bank?
A. Interest rates are decided on the basis of your credit history and monthly income.
Since its incorporation in the UAE in 1991, CBI is consistently focused on giving simple and easy-to-understand products. It is inspired by a vision of building long-term relationships. The bank offers a comprehensive portfolio of standard banking products, as well as customized financial products for Corporate, SME as part of Retail Banking. Their tailor-made services range from a personal account to financing of homes and automobiles to commercial loans and project financing. The bank work on the values of:
- Customer Focus
Get in touch with CBI Customer Care