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/)