RAKBANK Current Account: Fees and Eligibility
Everyday account; separate October salary reward
Primary sources reviewed on 2026-10-22. A source review is a dated snapshot; confirm the current quote before opening.
Check RAKBANK鈥檚 official account termsSalary, balance and account fees
A blank amount means unverified, not free. Package conditions may alter fees.
Opening deposit: AED 3,000. This is separate from ongoing balance requirements.
Opening the account and sending money
UAE resident identity and bank approval requirements apply.
- Digital account/access option
- Published digital option
- UAE PASS account opening
- Not independently established
- Free international transfers per month
- Not established
Online/mobile banking is available; UAE PASS account opening not independently confirmed.
Free-transfer count not established; exchange rates and intermediary fees may apply.
Important conditions and exclusions
- Official terms specify AED 3,000 initial deposit (or currency equivalent). This is an opening deposit, not a verified monthly fee-avoidance balance.
- Salary reward has separate qualifying salary and account rules; variant accounts and salary linked to a personal loan are excluded.
- No 6.25% welcome rate assumed: that older promotional headline must not be applied to this non-interest-bearing current account.
Rewards from prize draws are excluded from guaranteed value. Unknown fees, exchange spreads and eligibility are not modelled as zero.
Compare salary-transfer bonuses and plan commitment datesOfficial RAKBANK sources
Compare all UAE bank accounts 路 How we verify fees and model rewards