Emirates NBD, one of the biggest banking groups in the Middle East, has built a strong name for itself by providing reliable, customized solutions for everyone — from solo entrepreneurs and small businesses to large corporations.
In our blog today, we list out the features of the types of accounts available in business accounts.
On business banking front, Emirates NBD offer six products:
- Connect Account
- Proprietor Account
- Prime Account
- Preferred Account
- Prestige Account
- Platinum Account
- Connect Account:
Best suited for startups, freelancers, and small businesses that want a digital-first, low-hassle business account.
Key features:
- No minimum monthly average balance is required.
- Consequently, no fees are charged for not maintaining a minimum monthly average balance.
- A monthly maintenance fee of AED 216.45 will be charged.
- No additional charges for digital banking.
- One free cheque book is provided; from the second cheque book onwards, AED 52.5 each is charged.
- Transferring local funds in AED within the UAE through online is free but through the branches is AED 52.5.
- Charges for international or local funds transfer in a non-AED currency are AED 36.75 through online banking and AED 78.8 through the branch.
- No relationship manager will be assigned.
- Proprietor Account:
Best suited for freelancers, solo entrepreneurs, sole proprietors, new startups with simple banking needs.
Key features:
- Minimum monthly average balance of AED 50,000 is required.
- Fees of AED 262.5 is charged for not maintaining a minimum monthly average balance.
- No monthly maintenance fee will be charged.
- No additional charges for digital banking.
- One free cheque book is provided; from the second cheque book onwards, AED 26.3 each is charged.
- Transferring local funds in AED within the UAE through online is free but through the branches is AED 52.5.
- Charges for international or local funds transfer in a non-AED currency through the branch is AED 78.75 however, through online is free.
- Relationship manager assistance will be available.
Looking for digital alternatives to Emirates NBD? Explore Wio Bank business account setup options that are gaining traction among UAE startups.
- Prime Account:
Best suited for Small and growing businesses needing more transactions & basic trade support.
Key features:
- Minimum monthly average balance of AED 50,000 is required.
- Fees of AED 157.5 is charged for not maintaining a minimum monthly average balance.
- Monthly maintenance fee of AED 103.95 will be charged.
- No additional charges for digital banking.
- One free cheque book is provided; from the second cheque book onwards, AED 26.3 each is charged.
- Transferring local funds in AED within the UAE through online is free but through the branches is AED 52.5.
- Charges for international or local funds transfer in a non-AED currency through the branch is AED 78.8 however, through online is AED 52.5.
- Relationship manager assistance will be available.
- Preferred Account:
Best suited for established SMEs with regular inward/outward payments & trade activity.
Key features:
- Minimum monthly average balance of AED 200,000 is required.
- Fees of AED 315 is charged every month for not maintaining a minimum monthly average balance.
- No monthly maintenance fee will be charged.
- No additional charges for digital banking.
- One free cheque book is provided; from the second cheque book onwards, AED 26.3 each is charged.
- Transferring local funds in AED within the UAE through online is free but through the branches is AED 52.5.
- Charges for international or local funds transfer in a non-AED currency through the branch is AED 78.8 however, through online is AED 52.5.
- Relationship manager assistance will be available.
In addition to traditional banks like Emirates NBD, check out our list of top UAE digital banks offering seamless online services.
- Prestige Account:
Best suited for medium-sized businesses needing priority support, higher cash volumes, and custom solutions.
Key features:
- Minimum monthly average balance of AED 500,000 is required.
- Fees of AED 787.5 is charged every month for not maintaining a minimum monthly average balance.
- No monthly maintenance fee will be charged.
- No additional charges for digital banking.
- Cheque books will be provided free of cost.
- Transferring local funds in AED within the UAE through online is free but through the branches is AED 52.5.
- Charges for international or local funds transfer in a non-AED currency through the branch is AED 78.8 however, through online is AED 42.
- Relationship manager assistance will be available.
- Platinum Account:
Best suited for Large corporates, high-turnover businesses, frequent cross-border trading.
Key features:
- Minimum monthly average balance of AED 3,500,000 is required.
- Fees of AED 1,575 is charged every month for not maintaining a minimum monthly average balance.
- No monthly maintenance fee will be charged.
- No additional charges for digital banking.
- Cheque books will be provided free of cost.
- Transferring local funds in AED within the UAE is available with no additional cost.
- Charges for international or local funds transfer in a non-AED currency through the branch is AED 78.8 however, through online is AED 31.5.
- Relationship manager assistance will be available.
Whether you’re a startup opening your very first account or a well-established company needing smarter cash management, Emirates NBD’s business accounts are built to handle all kinds of business needs — with flexibility and ease.
Your choice of business account may depend on your legal structure. Here’s a guide on the types of company registration in Dubai.
We at BCL Globiz provide a one-stop solution including accounting, VAT filings, and corporate tax return filings. For further inquiries, reach out to our experts at punith@bclglobiz.com.
