Business - RAKelite Business Account | RAKBANK UAE

RAKislamic Business Elite Account

Exceptional privileges to take your business to a whole new level

Packed with privileges to take your business to the next level 

RAKislamic Business Elite Account - 24/7 toll-free hotline

With this Account, you have access to a 24/7 hotline that’s dedicated to serving you.
 
Check out the list of service requests you can access via our hotline.
 
Call 800 40 48 for 24/7 RAKislamic Business Elite support.

24/7 toll-free hotline

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RAKElite Business Account - Help Card

RAKElite Business Account - Exceptional discounts and freebies 

Exceptional discounts and freebies 

Key Fact Statement

Service and Price Guide

Terms and Conditions

RAKislamic Elite Business Debit Card 

RAKElite Business Account - Relevant links

RAKislamic Business Elite Account - Attractive profit rates 

Watch your earnings grow with great returns on your deposits. We keep our rates high so you can make your money work for you, not the other way around. 
 
 *Sharia-compliant 
For the latest announced profit rates, please <a href="/en/islamic/personal/digital-banking/profit-rates">click here</a>

Attractive profit rates*

Attractive profit rates 

RAKElite Business Account - Mastercard exclusive offers 

Mastercard exclusive offers 

RAKislamic Business Elite Account - Dedicated Elite benefits

As a RAKislamic Business Elite customer, you can look forward to a dedicated Relationship Manager, reserved for all your banking needs. 
 
You can also enjoy dedicated Elite counters, with free teller transactions, at the following select branches across the UAE: 
- Sultan Business Centre, Oud Metha 
- Umm Hurair Branch, Bur Dubai 
- Al Jazira Branch, Abu Dhabi 
- Al Quoz, Sheikh Zayed Road 
- Ghanem Building, Sharjah

Dedicated Elite benefits

Apply online

Product application has never been this simple

Apply Online

Stay in control of your finances by viewing all your Aard offers and benefits with the Mastercard for You app.
Enjoy easy access to your Account information, track your spending, and take advantage of the latest offers and discounts. The Mastercard for You app is a convenient and secure way to manage your card.
Download the app today and start enjoying the benefits of your RAKislamic Business Elite Debit Mastercard.

RAKElite Business Account -Instant Access to Your Card Offers 

Instant access to your Card offers with Mastercard for You App

You are required to:
<ul>
<li style="font-weight: 400;" aria-level="1">Review this document and all other terms and conditions set out in the Account opening 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 contact details, business ownerships, residence 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>

Customer Obligations 

You deserve to be treated to a nice discount on your next trip! 
You can now enjoy 5% off on all your travel tickets when you use your RAKislamic Business Elite Debit Card to book through MMI travel.
Simply call 04 316 6579 to book your flights and let the savings flow.
This offer is only valid for tickets worth AED 1,000 or more, to flights outside the Gulf region.
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RAKElite Business Account - Savings on your travel tickets

Discover RAKislamic Business Elite Debit Card 

Savings on your travel tickets

We&rsquo;ve teamed up with Valtrans Valet Services to give you a little something on your next visit. If you have a Business Elite Debit Card, you're eligible for up to 2 free standard valet services per month at select locations!
All you have to do is present your Card and enjoy your complimentary valet service. Keep in mind that any extra services or VIP valet services will be billed to your RAKislamic Account or Credit Card. Charges at each location may vary, so be sure to check ahead of time.
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RAKElite Business Account - Complimentary Valet Services with Valtrans

Discover RAKislamic Business Elite Debit Card

Complimentary valet services with Valtrans

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Islamic Business Elite

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Introducing our RAKislamic Business Elite Debit Card

RAKelite business debit card elite comes with unmatched benefits like the mastercard, contactless tap & Go technology. Find more banking services from RAKislamic.


Business - RAKelite Business Debit Card | RAKBANK UAE

RAKislamic Business Elite Debit Card

Experience the feature-rich Elite Debit Card for ambitious businesses



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Monthly charges for not maintaining minimum balance (per month)

Monthly charges for not maintaining minimum 

Enjoy peace of mind with our free roadside assistance. With this exclusive benefit, you can register up to 4 vehicles under your company name or authorised signatories and receive 24/7 roadside assistance services in the UAE and Oman.
To avail this service, call International Motoring Club at 04 387 6633 and email <a href="mailto:concierge@motoringclub.com">concierge@motoringclub.com</a>
Kindly confirm that you are a RAKislamic Business Elite customer and provide your company&rsquo;s name, PO box, and name of the signatory. 
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RAKElite Business Account - Complimentary roadside assistance

Complimentary roadside assistance

Make your travels in the UAE easier and more convenient with your Business Elite Debit Mastercard.
Enjoy airport pick-up and drop-off services up to 6 times per year. Fly clear of the hassle of navigating unfamiliar roads or waiting for cabs and enjoy stress-free trips from start to finish.
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RAKElite Business Account - Convenient airport pick-up and drop-off 

Convenient airport pick-up and drop-off 

Closure of Account 

Benefits

Unmatched benefits in your wallet 

Feature Interaction

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RAKElite Business Account - Terms And Conditions

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<ul>
<li>Any company with a valid trade licence to operate within the UAE</li>
</ul>

RAKElite Business Account - Other Requirements

Islamic

RAKElite Business Account - We’re here to help

Key Terms and Conditions

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RAKElite Business Account - FAQ's

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Terms and Conditions Notification

Important Information 

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Ledger fee: AED 50 per month

Tee off in style with our amazing golfing benefit that gives you access to 20 golf courses in the Middle East and over 150 worldwide.
You can also improve your game, network with other golf enthusiasts, or simply enjoy a round of golf at your leisure with up to 12 complimentary golf games or coaching sessions per year at participating courses.

RAKElite Business Account - Worldwide golf benefits 

Worldwide golf benefits 

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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

Fees

<ul>
<li>Foreign currency denominated accounts may incur foreign currency services. Applicable foreign currency services will be debited from the available balance. This may cause reducing balance even without customer induced withdrawals.</li>
<li>The Bank may close the Account if KYC or identification documents are not updated regularly, or if required as internal policies, or upon requests from regulatory / judiciary entities.</li>
</ul>

Warnings

RAKElite Business Account - Tabbed Box

RAKElite Business Account - Age

RAKislamic Business Elite Account - Enhanced daily withdrawal limits

To ensure your business endeavours are easier and more convenient, we’ve enhanced the daily cash withdrawal limits for RAKislamic Elite customers.
 
Enjoy withdrawals of up to AED 50,000 and an overall daily transaction limit of AED 75,000.

Enhanced daily withdrawal limits

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Account Features

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Made just for the elite. Enjoy a multitude of privileges, cost savings, preferential pricing, and lifestyle benefits when you opt for the RAKislamic Business Elite Account.
</div>

The power you deserve 

RAKStarter Account - Question 1

RAKStarter Account - Question 5

Profit rate is not applicable

Profit rate applicable: NO

RAKElite Business Account - Eligibility

Eligibility

RAKElite Business Account - Exclusive travel perks 

Exclusive travel perks 

Minimum average balance to maintain (or equivalent)

Minimum average balance

FAQ Accordion Items

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RAKStarter Account - Question 3

<ul>
<li style="font-weight: 400;" aria-level="1">Chequebook / debit card is issued only for AED denominated accounts.</li>
<li style="font-weight: 400;" aria-level="1">If a cheque issued on the Account is returned, the following may apply:</li>
</ul>
<ul>
<li style="list-style-type: none;">
<ul style="list-style-type: circle;">
<li style="font-weight: 400;" aria-level="1">Reporting of your Account to AECB</li>
<li style="font-weight: 400;" aria-level="1">Account closure</li>
<li style="font-weight: 400;" aria-level="1">Difficulty in availing financing or credit card from RAKislamic, RAKBANK and other banks</li>
</ul>
</li>
</ul>

Risks and Limitations 

Get more value out of your travels with the complimentary Travel Accident Takaful that comes with your RAKislamic Business Elite Debit Card.
When you purchase your air tickets using your Card, you'll automatically receive a host of takaful covers to protect you during your trip. These benefits include personal accident cover, delayed baggage, and travel delay and abandonment.
For more info, please read the terms and conditions. 
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RAKElite Business Account - Travel Accident Takaful 

Travel Accident Takaful 

Not sure about something? Check our frequently asked questions to find what you’re looking for.

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FAQs

RAKStarter Account - Question 6

Business - Apply through the RakMobile

Download the RAKBANK Business App and apply instantly

Apply via the RAKBANK Business app

Get access to thousands of offers throughout Middle-East and South Africa with priceless&trade; Specials.
Discover priceless&trade; Specials and enjoy exciting offers on dining, fitness, beauty, hotels and attractions when you use your RAKislamic Business Elite Debit Mastercard. Whether you&rsquo;re planning a date night, a fun weekend with the kids or hitting the town with your friends for dinner, there&rsquo;s something for everyone to love and enjoy.&nbsp;
Simply download the priceless&trade; Specials mobile app from the&nbsp;<a href="https://apps.apple.com/tr/app/priceless-specials-mea/id1089460588">App Store</a>&nbsp;or&nbsp;<a href="https://play.google.com/store/apps/details?id=com.theentertainerme.mastercard&amp;hl=en">Google Play Store</a>&nbsp;and register with the first 6&nbsp;digits of your Mastercard to start saving.
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RAKElite Business Account - priceless Specials

Get priceless offers on dining, leisure and more

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Eligibility & Fees

You’re just a few minutes away from your account

RAKElite Business Account - Divider title with apply now

With Salary Transfer

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

Download the RAKBANK Business app!

A powerful yet simple platform that brings payments, payroll, and financial management together in one secure experience.

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

Global - Business - RAKBANK Business

Banking that works around your business

RAKislamic Business Elite Account - Attractive Foreign Exchange rates 

RAKislamic Business Elite customers will benefit from preferential exchange rates on many currencies.
 
For example: USD, AUD, EUR, JPY, QAR, GBP, CAD, SAR, and more.

Attractive Foreign Exchange rates 

For more details about the Business Elite Account fees and charges, please refer to our <a title="Service and Price Guide" href="/globalassets/rakbank/all-pdfs/002---islamic---service-and-price-guides/bilingual/026-j00807-sp-vat-businessaccountservices-islamic.pdf" target="_blank" rel="noopener">Service and Price Guide</a>.

RAKElite Business Account - Fees

RAKislamic Business Elite Account - Priority processes

No more waiting in line! 
When you have a RAKislamic Business Elite Account, you can cut the queue and benefit from dedicated business channels that will fast-track the processing time of all your banking requirements.