Silver Account is available exclusively on the RAKBANK App.

Buy, sell & save in silver digitally with RAKBANK. Start investing from just 1 gram, enjoy competitive pricing, and manage your Silver Account anytime via the RAKBANK App.

Silver Account | Buy & Invest in Silver Online | RAKBANK UAE

Silver Account

Open a Rakbank Silver Account to start investing in silver. Benefit from easy conversions of balances to physical gold and secure investment options.

Silver Account: Buy & Invest In Silver Online | Rakbank UAE

RAKBANK Silver Account offering secure savings and premium banking benefits for customers in the UAE

Buy silver digitally starting from 1 gram

Applicable redemption fees for physical silver are as per the Silver Account <a title="Service and Price Guide" href="/globalassets/rakbank/all-pdfs/001---service-and-price-guides/bilingual/004-j00183-sp-silveraccount.pdf" target="_blank" rel="noopener">Service and Price Guide</a>. In addition, there may be standard fees which apply.
 *Fees are inclusive of VAT at the current rate of 5%, as applicable under UAE law.&nbsp;

Silver Account - Fees

Fees

Silver Account - FAQ's

Silver Account - Cross Sell

Silver Account - Global HelpCard

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Silver Account - Enjoy exclusive benefits with your Silver Account

Benefits

What comes with your Silver Account

Scan the QR code to download the app from the Apple App Store

Download the RAKBANK Mobile app!

Discover the RAKBANK App and enjoy cutting-edge Digital Banking services at your fingertips. Seamlessly manage your accounts, conduct secure transactions, and enjoy a range of innovative features – all in one user-friendly platform.

Scan the QR code to download the app from the Google Play Store

Standard Current Account - RakMobile

Bank on the go anytime, anywhere

Trade Bitcoin, Ethereum & more seamlessly with RAKBANK Crypto Brokerage. UAE's first bank-enabled platform for instant crypto trading in AED via your banking app. Low fees, VARA regulated. 

RAKBANK Crypto Brokerage: Trade Crypto in AED | UAE's First Bank Crypto

Cryptocurrency

RAKBANK Crypto Brokerage 

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Silver Account - Terms and Conditions

Silver Account & Trading

<ul>
<li>The Bank may amend the features, fees, charges, terms &amp; conditions of the account with 60 days notice to you in advance.</li>
<li>Silver rates are based on market rates which are updated regularly, and will be applied for buying and selling silver. Hence, no notice period will apply.</li>
<li>If the transaction Account linked to the Silver Account is not used for a period of 1 year, it will be designated as inactive and you will not be able to transact unless activated again.</li>
</ul>

Silver Account - Key Terms and Conditions

Account

ELIGIBILITY & FEES

You're just a few minutes away from getting started

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Silver Account - Silver Account

ACCOUNT FEATURES

Build your savings in silver.
Buying, selling, and saving in silver has never been simpler. Do it all digitally, at your convenience.

Introducing Silver Account

RAKBANK Silver Account offering competitive silver pricing for customers in the UAE

Silver - Benefit card - Competitive pricing

Competitive pricing

UAE customer accessing RAKBANK Silver Account features to buy or sell gold anytime via Digital Banking

Buy and sell silver anytime through the RAKBANK App. You have full control over your Silver Account, so whether you're building your portfolio or taking profits after a price rise, it's all just a few taps away.
*Silver buy or sell transactions may be unavailable on weekends and bank holidays.

Silver - benefit Card

Buy / sell anytime through RAKBANK App*

Segment - Personal

Call Me Back Option - Personal/Business start 3000

Submit your details and we’ll be in touch soon

Call me back

<ul>
<li>21 years old or above</li>
</ul>

Silver Account - Age

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Silver Account - Eligibility

Eligibility

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Silver Account - Option to save in grams

Start building your silver savings from as little as 1 gram. No need to commit to large amounts. Grow at your own pace.

Start from 1 gram

Option to save in grams

Silver FAQ's - Item 2

In Page Floating Menu

Silver Account - Save regularly

Set up standing instructions and your silver savings take care of themselves. No reminders needed, just steady progress every month.

Save regularly

RAKBANK Silver Account helping customers enjoy capital gains through silver value appreciation

When silver prices rise, so does the value of your savings. Sell when the time is right and pocket the difference.

Silver - benefit Card - Enjoy capital gains

Enjoy capital gains

Silver - Benefit card - Enjoy capital gains

There are no fees for buying and selling silver through your RAKBANK Silver Account. Transactions are carried out at the bank's prevailing real-time silver rates.

Silver - benefit Card - Competitive pricing

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AED 50,000-above

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Conventional

Silver Account - Buy silver digitally

Buy silver at competitive prices through the RAKBANK App, quickly and securely.
 
*Silver buy or sell transactions may be unavailable on weekends and bank holidays.

Buy silver digitally

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Silver Account & Trading  - Fees

Silver Account - Terms and Conditions Notification

Important Information 

Standard Current Account - NeedHelpCardItem1

Which account is best for you? 

Silver FAQ's - Item 4

You can apply for this product using <a href="https://rakbankonline.ae/Digital/AuthenticationController?FORMSGROUP_ID__=AuthenticationFG&amp;__START_TRAN_FLAG__=Y&amp;__FG_BUTTONS__=LOAD&amp;ACTION.LOAD=Y&amp;AuthenticationFG.LOGIN_FLAG=1&amp;BANK_ID=RAK&amp;USER_TYPE=1" target="_blank" rel="noopener">RAKBANK Digital Banking</a>. Here are the steps: 1.Go to&nbsp;<a href="http://www.rakbank.ae/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=http://www.rakbank.ae&amp;source=gmail&amp;ust=1687508562826000&amp;usg=AOvVaw02TXDJiNUympHIWw84JK-0">www.rakbank.ae</a> 2.Select the &ldquo;Business&rdquo; from Digital Banking login type 3.Login using your Username &amp; Password 4.Click on "Discover &amp; Apply" 5.Select the desired product

Business - Apply through Digital Banking

Log in to RAKBANK Digital Banking and apply instantly

Apply through Digital Banking

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Min age 18 years old

Silver FAQ's - Item 5

Silver Account - Hero

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Silver Account & Trading  -  Fees Item 1

Silver Account - Need Help Card

Key Fact Statement

Service and Price Guide 

Terms and Conditions

Silver Account - Relevant links

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Silver Account - Wrapper - Feature Card

You are required to:
<ul>
<li style="font-weight: 400;" aria-level="1">Review this document and all other terms &amp; conditions set out in the application form in detail;</li>
<li style="font-weight: 400;" aria-level="1">Regularly check our website www.rakbank.ae for updates;</li>
<li style="font-weight: 400;" aria-level="1">Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form; and</li>
<li style="font-weight: 400;" aria-level="1">Always safeguard sensitive banking details such as your Account number, chequebook, Debit Card, login ID, passwords, PIN, etc.</li>
</ul>

Silver Account - Customer Obligations

AED 20,000-49,999

UAE customer accessing RAKBANK Silver Account features to buy or sell silver anytime via Digital Banking

Silver - Benefit card - Buy / sell anytime through RAKBANK Digital Banking

For UAE residents & non-residents

Offered to both residents and non-residents

Withdrawal restriction: A penalty interest of 2% per annum is applied for premature withdrawal

Open a RAKBANK Gold Account to start investing in gold. Benefit from easy conversions of balances to physical gold and secure investment options.

Gold Account: Buy & Invest In Gold Online | RAKBANK UAE

Gold Account

<ul>
<li>UAE residents and non-residents</li>
</ul>

Silver Account - Residency

Silver Account & Trading - Fees

Additional funding account required

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Which account is the best one?

Silver Account - Faq's Divider Title

FAQs

Silver - Benefit Cards Container

Silver Account - Upgrade your experience

Explore other products

Saving in Digital Silver

FAQ Accordion Items

Chat with an agent

Find answers to our most commonly asked questions, all in one place.

FAQ’s Help Card

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Rewards

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No min salary/income required

Silver - Global Tabbed Box

Silver FAQ's - Item 3

Silver Account - Terms And Conditions

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Silver Account - feature card container

Buy / sell silver digitally

Available in XAU

Start saving from 1 gram

Silver Account - We’re here to help

Download the RAKBANK App!

Discover the Rakbank App and enjoy digital banking designed to fit your day. Manage your accounts, make secure transactions, and access smart features all in one simple, easy-to-use app

RAKBANK mobile and digital banking features enabling customers to bank anytime, anywhere

Global - RAKBANK APP- Personal

Bank on the go, anytime, anywhere

Silver Account - Apply From RakMobile

  Note: Silver Account is only available to RAKBANK Current or Savings Account holders

Apply through the RAKBANK App

<ul>
<li style="font-weight: 400;" aria-level="1">RAKBANK's prevailing silver rate is subject to market price fluctuations and customer may lose value of the purchased silver if the sell rate goes below buy rate.</li>
<li style="font-weight: 400;" aria-level="1">The Bank may close the Account if KYC or identification documents are not updated regularly, or if required as internal policies or upon request from regulatory judiciary / entities.</li>
</ul>

Silver Account - Warnings

Silver FAQ's - Item 1

AED 3,000-19,999

<ul>
<li>Customer must have an active RAKBANK Current or Savings Account</li>
</ul>

Silver Account - Other Requirements

Silver Account & Trading  -  Fees Item 2

Silver Account - Wrapper - Tabbed Box

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