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Top 5 business accounts in Dubai

Hemanta Bijoy
business accounts

Dubai hosts ample options to foreign investors for selecting a specific bank. It has the presence of some of the large global banks as well as a number of local and Islamic banks that offer a wide variety of banking solutions to cater to every business need. Banks play a vital role in facilitating the success of a business. It can be a very tedious task to select a specific bank, but it is equally important to choose the one that aligns with your specifications, goals, objectives and interests.

Listed below are some of the favorable business accounts in Dubai:

Emirates NBD Business banking

The Emirates NBD provides a number of customized banking packages, one of which is its Business banking account. It facilitates all the basic banking necessities.

Features and benefits

Fees and charges for the Emirates NBD Business banking account:

Best Business Accounts

Business banking services for your business from checking account to interest-earning is provided by Emirates.

Abu Dhabi Commercial Bank (ADCB) Premium Current Account

ADCB commits on addressing various business needs and meeting each requirement. They provide six different business accounts, each tailor-made to meet specific requirements. Premium Current account is one of the six accounts, it fulfills all the basic requirements of commercial banking

Features and benefits:

Fees and charges for the ADCB Premium current account:

Commercial Bank of Dubai (CBD) My Business account

CBD offers business bank account packages that are not only value-packed but also designed to meet your everyday banking requirements and expectations. The My Business account package is suitable for clients who prefer to maintain lower bank account balances.

Features and benefits:

Fees and charges for the CBD My Business account:

Business Banking Solutions

Flexible business financing– It provides fast and quick access to secured and collateral free loan with more ease and convenience.

Cash Flow Management– With greater ease and convenience you can manage your business cash flow and working capital requirements.

Multiple Delivery Platforms– Round the clock safe and secure access to your bank accounts and business funds.

Dedicated Relationship Management– Experienced business banking relationship managers to provide advice, guidance and individual client support.

FAB Business Advantage Account

FAB offers an array of banking solutions tailor-made for every business type and size. The business advantage account is offered with cheque book facilities and low minimum balance requirements.

Features and benefits

Fees and charges for the FAB Business advantage account:

Abu Dhabi Islamic Bank (ADIB) Business Elite Account

ADIB’s Business Elite account offers personalized business banking solutions to cater to every single need. It comes with a Relationship manager for banking convenience.

Features and benefits:

Fees and charges for the ADIB Business elite account:

There are a number of banks in the market offering customized/personalized banking solutions for smooth and ease of financial management. Every account is tailor-made to meet the need of certain business type/size. Understand your business banking requirement and compare them with what the banks are offering and go for the one that aligns.

Current accounts in UAE

Emirates Islamic – Business Classic Account

Minimum balance- AED 10,000; Islamic Banking- Yes; Annual fee- AED 1,200

ADIB- Business Elite Account

Minimum balance- AED 200,000; Islamic Banking- Yes; Annual fee- AED 300

ADIB- Business one Account

Minimum balance- AED 5,000; Islamic Banking- Yes; Annual fee- AED 1,200

ADIB- Business premium Account

Minimum balance- AED 25,000; Islamic Banking- Yes; Annual fee- AED 900

HSBC BSP Basic Account

Minimum balance- AED 5,000; Islamic Banking- Yes; Annual fee- AED 0

Noor Business Accounts

Minimum balance- AED 10,000; Islamic Banking- Yes; Annual fee- AED 0

Emirates Islamic – Business Platinum Account

Minimum balance- AED 250,000; Islamic Banking- Yes; Annual fee- AED 6,000

HSBC BSP Premium Account

Minimum balance- AED 0; Islamic Banking- No; Annual fee- AED 180,000

HSBC Business Call Deposit Account

Minimum balance- AED 25,000; Islamic Banking- No; Annual fee- 0

HSBC Standard Corporate Current Account

Minimum balance- AED 20,000; Islamic Banking- No; Annual fee- 0

Emirates Islamic – Business Platinum Account

Minimum balance- AED 250,000; Islamic Banking- Yes; Annual fee- 6,000

Emirates Islamic – Business Gold Account

Minimum balance- AED 100,000; Islamic Banking- Yes; Annual fee- 3,000

Dubai Islamic Bank – Business Account

Minimum balance- AED 50,000; Islamic Banking- No; Annual fee- No

ADCB – e-Business Account

Minimum balance- AED 0; Islamic Banking- No; Annual fee- 1,800

Zero balance accounts in the UAE

Below is the list of high performing zero balance accounts in the UAE

  1. RAKBANK – RAKstarter SME Account

RAKBank has brought up the business account with a low minimum balance for starting up business to maximize financial efficiency.  Below is the list of features and advantages of the business account.

 

  1. HSBC BSP Premium Account

3. ADCB Business Choice Current Account – Gold

ADCB Gold business choice current account is another zero balance business account which offers great benefits at best options with low min balance. Below are the features and benefits of the bank account. 

4. ADCB Business Choice Current Account – Silver

ADCB provides 3 types of business current accounts for customers. One of them is the Silver Business Choice current account and here are the features of the bank account. 

 

5. ADCB Business Choice Current Account – Platinum

ADCB Business choice current account is known for its best interest rates on the balance maintained in bank accounts. Below are the features and benefits of the bank account. 

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