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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Ajman Bank Sme Accounts in UAE

Features of Ajman SME Account

  • It takes only 3 days to approve your application
  • It can be opened in AED as well as in other currencies also
  • No interest rates are charged on opening a new account
  • It does not charge any fees on local or international online transfer
  • You’ll be assigned with a dedicated relationship manager for assistance

Documents Required of Ajman SME Account

  • Application form
  • Trade Licence
  • Valid passport and Copy of Visa
  • Memorandum of Association (MOA)
  • Articles of Association (AOA)
  • Emirates ID
  • Salary transfer letter from employer

Ajman SME Account

Ajman Bank

2 Ajman Bank SME Accounts

Business Current Account

Interest Rate

0%

Min Balance to Maintain

AED 10K

Monthly Fee

AED 100

Relationship Manager

Yes

Yes

Approval Time

3 Days

Local Transfer Cost

AED 0

International Transfer Cost

AED 0

interest rate

0%

Interest Rate

minimum balance

AED 10K

Min Balance to Maintain

monthly fee

AED 100

Monthly Fee

relationship manager

Yes

Relationship Manager

Yes

Currency Account

approval time

3 Days

Approval Time

local transfer cost

AED 0

Local Transfer Cost

International transfer cost

AED 0

International Transfer Cost

Benefits

  • Free Debit Card
  • Free Cheque Book
  • Free Teller Transaction

Benefits

  • Free Debit Card
  • Free Cheque Book
  • Free Teller Transaction
  • Free Quarterly Statement
  • Fully Shariah Compliant

View details on bank page

Business Term Deposit

Interest Rate

0.93%

Min Balance to Maintain

AED 10K

Yes

Approval Time

3 Days

interest rate

0.93%

Interest Rate

minimum balance

AED 10K

Min Balance to Maintain

Yes

Currency Account

approval time

3 Days

Approval Time

Benefits

  • Free Debit Card
  • Free Cheque Book
  • Free Teller Transaction

Benefits

  • Free Debit Card
  • Free Cheque Book
  • Free Teller Transaction
  • Free Quarterly Statement
  • Fully Shariah Compliant

View details on bank page

Frequently Asked Questions

⭐ What if I have history of bankruptcy? Will I be allowed to apply in Ajman?

A. Yes, if your financial conditions have changed from last time then you are eligible to apply in Ajman.

⭐ What is the length of business required to apply in Ajman Bank?

A. You need to have at least 3 years of length of business to be eligible to apply in Ajman Bank.

⭐ Does Ajman bank charge fees on withdrawing from other bank’s ATM machine?

A. No, Ajman does not charge any fees on withdrawing from other bank’s ATM.

⭐ 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.

⭐ When will Ajman Bank check my credit score?

A. Ajman Bank will check your score right after you agree to their terms of enquiry in the application form.

⭐ Is there any need to add an account holder to my current account in Ajman Bank?

A. Yes, you are allowed to add account holder to your current account in Ajman Bank.

⭐ 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.

About Ajman

Ajman Bank, launched in 2009 is a young, agile Islamic commercial bank that is built on the values of trust, integrity, and transparency. The Emirate's government owns 25% in the bank which is again a strong support. Their way of measuring excellence is based on how efficiently you think they respond to your financial needs. They have brought the human touch back to banking by listening to you.

Ajman Bank Personal Finance is based on the Islamic financing structure of Murabaha, a commercial transaction which involves the buy and sale of goods that has been promised to be purchased by an ultimate buyer with an added profit margin.

   Get in touch with Ajman Bank Customer Care

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