Last Updated on 19 March 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 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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NBAD Business Merchant

NBAD Bank

WarningMessage This product is discontinued by the Bank

Business Merchant

Interest Rate

0%

Min Balance to Maintain

AED 1K

Monthly Fee

AED 100

No

Approval Time

2 Days

Local Transfer Cost

AED 10

International Transfer Cost

AED 40

NBAD
interest rate

0%

Interest Rate

min balance

AED 1K

Min Balance to Maintain

monthly fee

AED 100

Monthly Fee

No

Currency Account

approval time

2 Days

Approval Time

local transfer cost

AED 10

Local Transfer Cost

inter transfer cost

AED 40

International Transfer Cost

 

Required Documents

  • Application form
  • Trade Licence
  • Valid passport and Copy of Visa
  • Memorandum of Association (MOA)
  • Articles of Association (AOA)
  • Chamber of Commerce Certificate copy
  • Board Resolutions
  • Address proof

Main Benefits

  • Free Cheque book
  • You can access NBAD personal internet banking and mobile banking
  • Free Debit Card
  • Free E-statements
  • Free supplementary card

Frequently Asked Questions

⭐ How can I stop a cheque in NBAD preferred business account?

A. If you need to stop a cheque contact NBAD on 600 56 6223.

⭐ What will be the interest that I’ll be earning on the balance of my business account?

A. Your interest for business account rates will be lower than that of savings account.

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

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

⭐ Can I use my NBAD business account for savings?

A. It is suggested to store your savings in saving accounts, as the interest rates that you can enjoy on savings account will be high.

⭐ Am I allowed to open a business account in NBAD Bank with my spouse?

A. Yes, you can open joint business account with your spouse.

NBAD

National Bank of Abu Dhabi (NBAD), with its vision to be the World’s Best Arab Bank endeavors to provide the best products and service across the East-West corridor. Featuring in the World’s Top 50 safest banks, NBAD is a bank you can turn to for your financial needs without worry. The values as mentioned on www.nbad.com are :

  • Put our customers at the forefront and “do the right things the right way”
  • Value our people and foster great teamwork
  • Empower our people and hold each other accountable for performance and behaviour
  • Respect our heritage and be loyal to our stakeholders

NBAD offers a wide range of personal finance options

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Free for Life Cashback Card with 20% Cashback*