At RAKBANK, we’re open for business
We’ve been supporting businesses for the past 50 years and we’ll be here for the next 50
A new RAKBANK Business Account earns you up to 2% interest per annum, unlimited cashback on foreign exchange transactions, no fees on all domestic transfers, plus fast and secured finance options up to 30 million dirhams
New Customers
Open an account and enjoy exclusive benefits
Earn up to 2% p.a. interest on your business accounts
How it works:
- Earn up to 2% p.a. interest when you keep an average balance of AED/USD 100,000 or more in the first three months after opening your account
- Valid for new customers from 1 April to 30 June 2026
Example
If you open your business account in April 2026, we will check your average balance through June, and credit your interest payout in July 2026.
Interest rates
|
Minimum average balance tier |
Bonus interest rate |
|
100,000 – < 500,000 |
1.00% |
|
500,000 – < 5,000,000 |
1.50% |
|
5,000,000 & above |
2.00% |
Get unlimited cashback on your foreign exchange transactions
Your foreign exchange just got more rewarding
Whether you are sending money abroad, investing, or handling global payments, every qualifying transaction gives you cashback.
Cashback benefits
- Up to 1% unlimited cashback for every AED 50,000 equivalent exchanged
- No cap on cashback. Exchange more, earn more. Valid on card rates only
- AED/EUR and AED/GBP transactions are eligible from 1 April 2026 to 30 June 2026
- All other eligible currency pairs are included from 1 May 2026 to 30 June 2026
Not applicable for transfers in AED/USD currency pair.
|
Currency Pairs |
Cashback Rate |
|
BDT, PKR, LKR, CNH |
0.15% |
|
INR, KWD, OMR |
0.50% |
|
GBP, PHP, NPR, SGD, HKD, CHF, EUR, AUD, SAR |
1.00% |
Example:
If you remit or transfer funds in AED/GBP currency pair multiple times during the month, your cashback adds up automatically:
Transfer 1: You remit 50,000 → You get 500 cashback
Transfer 2: You remit 100,000 → You get 1,000 cashback
Transfer 3: You remit 150,000 → You get 1,500 cashback
Total amount transferred: 300,000
Total cashback earned: 3,000
There is no cap, so if you remit 1 million during the promotion period, you earn 10,000 cashback.
Enjoy zero fee domestic transfers
Move funds within the UAE with zero transfer fees — every time, every transaction.
How it works
- Initiate an eligible domestic transfer within the UAE
- Send as often as you need, with no limits or caps
- Valid during the promotion period: 1 May to 30 June 2026
Valid only on AED-denominated fund transfer transactions within the UAE, initiated through RAKBANK Business Online Banking or Mobile App.
Simple, instant, and cost‑free banking.
Existing Customers
Enjoy exclusive benefits as RAKBANK customer
Earn up to 2% p.a. bonus interest
Increase your monthly average balance and enjoy exclusive bonus interest during the promotion period
How it works:
- Maintain an average balance of AED/USD 100,000+ in your Business Account
- Earn bonus interest on incremental monthly average balance (MAB) above your baseline MAB
- Incremental balance must be new funds and kept continuously for 3 months
- Monthly average baseline balance:
- March 2026: Based on the February 2026 Monthly Average Balance
- Following months: Highest monthly average baseline balance from earlier campaign months
- Valid for existing customers from 1 April to 30 June 2026
You earn:
- The prevailing interest on the total eligible balance. Bonus interest on incremental Monthly Average Balance (if all conditions are met)
Example:
Your February average balance: 500,000 and in March, April, and May, you keep an extra 100,000 in your account. Because you keep this extra money for 90 days, you earn bonus interest on the 100,000.
For more information please contact your Relationship Manager.
Enjoy zero fee domestic transfers
Move funds within the UAE with zero transfer fees — every time, every transaction.
How it works
- Initiate an eligible domestic transfer within the UAE
- Send as often as you need, with no limits or caps
- Valid during the promotion period: 1 May to 30 June 2026
Valid only on AED-denominated fund transfer transactions within the UAE, initiated through RAKBANK Business Online Banking or Mobile App.
Simple, instant, and cost‑free banking.
Banking that works around your business
A powerful yet simple platform that brings payments, payroll, and financial management together in one secure experience.
