Minimum Balance Required Annual Return Features
RAKBANK - Evantage RAKBANK - Evantage Minimum Balance: AED 0 Annual Return: 1.25% Features: Internet Banking, Free Debit Card, Free Credit/Debit Card, No Salary Transfer
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24 hours a day just never seem to be enough to get everything done. That’s why RAKBANK’s Evantage Account gives you the speed and convenience of managing your day-to-day finances online, with free online telex transfer options, while earning you interest at the same time.

Balance Range and it's respective Interest (Per Annum):
  • AED 0 – AED 9999 - 0.25%
  • AED 10,000 – AED 99,999 - 0.75%
  • AED 100,000 – AED 249,999 - 1.00%
  • =or> AED  250,000 - 1.25%
Features & Benefits:
  • Convenient management of your finances online
  • Attractive interest rates
  • Interest calculated on daily balances and paid monthly
  • No minimum Account Balance and no Account Maintenance Charges
  • Free Debit Card
  • Free monthly electronic statements
  • Free EDM Cash and Cheque deposits
  • Free RAKdirect and Mobile Banking Channel facility
  • Up to 1 International OR 3 Local Electronic Transfers free every month
  • Mail a Cheque facility on request - Charges apply
  • Check Account Balance and view Statements online
  • Cheque Book
  • Initial Balance - AED 1000
  • No minimum Account Balance or Account Maintenance Charges
  • Currency - AED Only
  • Only UAE nationals and residents who are 21 years and above in age can apply
  • Single and joint account holders (either or accounts only) permitted
  • Branch transactions are restricted for this Account. Charges apply
  • Interest payout on intra month closure of account will be as per Bank’s policy
  • Upto 4 cheque leaves requests permitted within a 31 day period for Mail a Cheque facility
Terms and Conditions governing Personal Accounts and Online Banking services will apply

Documents Required:
  • Duly filled and signed Application form
  • Copy of valid passport and valid residence visa (Minimum 2 months validity required for UAE Resident Visas), if applicable
  • Salary Transfer Letter, if applicable (If your monthly salary is between AED 3,000 to AED 5,000/)
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