Customers Take Advantage of RAKBANK Evantage Account

RAKBANK announced the launch of Evantage Account, the Bank’s latest transaction account. The new interest-bearing account is in line with the Bank’s commitment to expand its portfolio of e-solutions to give customers additional speed and convenience in managing their day-to-day finances online.

RAKBANK Evantage Account is targeted at UAE Nationals and Residents who are seeking better returns on their transaction accounts, while retaining high liquidity and transaction flexibility. RAKBANK’s E-vantage account joins the family of online RAKBANK accounts, which includes the F@st S@ver online-only, savings account.  

“RAKBANK is constantly looking for opportunities to add convenience and speed to our customers’ banking experience by expanding our portfolio of secure e-services,” says Graham Honeybill, RAKBANK Chief Executive Officer. “As an online account, the innovative Evantage takes into consideration our customers’ fast-paced lifestyle by extending a product that not only values their time but also gives the added benefit of earning them interest without locking down their funds.”

Interest on the Evantage Account, calculated on daily balances and paid monthly, can reach as high as 1.5% depending on customers’ balance range. Evantage has no minimum account balance and account maintenance charges and offers customers a choice of 1 international or 3 local online electronic transfers free of charge every month. Evantage also offers customers an additional host of free benefits including a debit card for greater accessibility of funds anywhere in the world, monthly electronic statements, and Electronic Debit Machine (EDM) cash and cheque deposits.

Customers are invited to apply for the Evantage and F@st S@ver online accounts via www.rakbankdirect.ae in a simple online process, supported by RAKBANK representatives via a 24-7 Live Chat window. Alternatively, customers can visit any of the Bank’s 31 branches in the UAE.

RAKBANK’s expanding portfolio of e-solutions includes Online and Mobile Banking solutions, www.rakbankdirect.ae, and a recent tie-up with www.smartshop.ae for RAKBANK Credit and Prepaid Cardholders.

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*Tiered interest rate structure

About RAKBANK

RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a leading retail and small business bank in the UAE, serving over 400,000 customers. Founded in 1976, the Bank is one of the country’s oldest local financial institutions and today one of its fastest growing, most dynamic banks and a major player in the personal banking and small business sectors in the UAE.

The Bank offers a wide range of personal and banking services through its 31 branches and telephone and online banking channels. It is a leading provider of credit cards and a prominent player in mortgage finance and small to medium enterprise finance.

Customer service excellence is a cornerstone of the Bank’s success, with the bank having been voted in 2010 for five years running as #1 Bank in Customer Service in the UAE Annual Bank Benchmarking Study. For more information, you can visit www.rakbank.ae or contact the Call Centre at +9714 213 0000. You can also connect to RAKBANK via twitter.com/rakbanklive and facebook.com/rakbank.