ADCB Business Choice Current Account – Gold

By Ruchi Gohri
  | Published: 11 November 2021 | Last Updated On: 12 November 2021

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Abu Dhabi Commercial Bank is one of the most popular banking solutions providers in the UAE. The bank is popularly known as ADCB among people in the UAE. It offers financial products and services such as loans, mortgages, bank accounts, fixed deposits, credit cards and more for both individual and corporate clients. 

ADCB Business Choice Gold Current Account enables account holders to manage their finances in an efficient way by offering them various attractive features and benefits. The bank account helps business owners get the best out of their finances. Let us go ahead and know more about the ADCB bank account in detail.

Features and Benefits of ADCB Business Gold Choice Current Account

Here is a list of a few major features and benefits that the ADCB Business Gold Choice Current Account offers:

1. Minimum Average Balance

With ADCB Business Gold Choice Current Account, the account holders need to maintain a minimum average balance of AED 50,000 per month. 

2. Available in AED

The applicants can open and operate their ADCB Business Gold Choice Current Account in AED only.

3. Free Chequebooks

ADCB Business Gold Choice Current Account offers one free chequebook per month for the account holders. However, they need to pay extra charges if an additional book is required in a specific month.

4. Globally Acceptable Debit Card

ADCB Business Gold Choice Current Account offers a globally acceptable debit card for the account holders. The account holders can use this debit card to transact at millions of retail outlets around the world.

5. Free E-Statements

ADCB Business Gold Choice Current Account offers free monthly e-statements for the account holders. These statements help them closely manage their finances and avoid making unnecessary transactions while saving more.

6. Unlimited Teller Transactions

ADCB Business Gold Choice Current Account enables the account holders to make thirty free teller transactions every month. The cardholders need to pay AED 52.50 per additional teller transaction.

7. Online Banking Services

ADCB Business Gold Choice Current Account allows bank account holders to access and manage their finances using the online banking portal. They can easily log in to this portal using their banking ID and password to start using the banking services without any hassle. On this portal, the bank account holders can pay their bills, transfer funds, order chequebooks, set up standing instructions and much more in just a few clicks.

8. Mobile Banking Services

ADCB Business Gold Choice Current Account members can easily manage their finances using the ADCB mobile banking portal. They need to register themselves on the bank’s mobile banking app and log in to the same using their unique banking ID and password. The account holders can make fund transfers, bill payments and much more using this mobile banking app.

9. Phone Banking Services

ADCB Business Gold Choice Current Account members can have easy access to their funds through phone banking. The account holders can send a simple SMS to check their account balance, recent transactions and various other banking details in minutes.

10. Instant Account Opening

ADCB Business Gold Choice Current Account can be opened in minutes by using online banking services. The applicants can either visit the bank’s online portals or one of the branches to open this bank account.

Eligibility Criteria for Opening an ADCB Business Gold Choice Current Account 

Here are the eligibility criteria for opening an ADCB Business Gold Choice Current Account.

  • The applicants must meet the minimum balance requirements to keep their ADCB Business Gold Choice Current Account active.
  • All the applicants of age 21 years and above are eligible for opening an ADCB Business Gold Choice Current Account. 
  • All UAE residents are eligible to open an ADCB Business Gold Choice Current Account.

Documents Required Opening an ADCB Business Gold Choice Current Account

Here is a list of documents required to open an ADCB Business Gold Choice Current Account.

  • Emirates ID for all the applicants – Original and a Copy
  • A completely filled account opening form 
  • Trade License – Original and a Copy
  • Original passport with residency Visa (for all the applicants in case of a joint account) – Original and a Copy
  • Utility Bills – of the last three months – Original and a Copy
  • A Valid Tenancy Contract – Original and a Copy
  • Power of Attorney if applicable – Original and a Copy

Fees & Charges on ADCB Business Gold Choice Current Account

Types of Charges Amount
Charges for not meeting the minimum balance requirement AED 200
Additional Chequebook AED 52.50 per chequebook
Account Opening Balance AED 10,000
Stop Payment AED 105 per cheque
Cheques returned AED 241.50 per cheque
Debit Card replacement AED 26.25
Account Closure AED 105
Statement of Account (Outside the cycle) AED 26.25 per month
Additional Teller Transaction AED 52.50 per transaction
Utility Bill Payment through Teller Counter AED 52.50 
Cheque Photocopy for cheque issued less than a year ago AED 10.50
Cheque Photocopy for cheque issued more than a year ago AED 21
Standing Instructions within the bank AED 52.50
Standing Instructions favouring other banks AED 52.50
Standing Instructions penalty fee for insufficient funds AED 105
Cash Withdrawal using Non-ADCB ATM in the UAE AED 21
Cash Withdrawal usage fee at International ATMs (outside the UAE and GCC) AED 21
Foreign Currency Transaction Margin 2 per cent
Copy of Sales Slip AED 26.25
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How to Open an ADCB Business Gold Choice Current Account?

Here is a list of ways to apply for an ADCB Business Gold Choice Current Account.

1. Online Banking Portal

Abu Dhabi Commercial Bank offers an online banking portal for its customers to help them access the banking products and services with great ease. The existing Abu Dhabi Commercial Bank customers can log in to their online banking account using their banking ID and password and apply for opening an ADCB Business Gold Choice Current Account in just a few clicks. The applicants need to upload all the necessary documents on the same portal while filling out the online application form. 

2. Mobile Banking Portal

With Abu Dhabi Commercial Bank, the bank account holders can also access banking products using the ADCB mobile banking app. The existing bank customers can log in to their mobile banking app using their unique banking credentials and request for opening an ADCB Business Gold Choice Current Account in just a few taps. These applicants also need to fill the online application form and submit the required documents with the same to complete the application process.

3. Bank’s Website

The applicants who do not have access to the bank’s online or mobile banking portal and are new to the bank can visit the bank’s website to place the request for opening an ADCB bank account. These applicants can simply go to the website, fill out the online application form and request to open an ADCB Business Gold Choice Current Account with great ease. The applicants can either upload the documents on the website or visit the bank’s branch to submit the same.

4. Bank’s Branch

The applicants with no access to the internet can visit one of the Abu Dhabi Commercial Bank branches to open an ADCB Business Gold Choice Current Account. These applicants need to carry the essential documents to the branch and attach the same with the application form while submitting it. The applicants need to fill in their details in the application form in the presence of one of the bank’s representatives to avoid any mistakes.

5. Our Website

Visiting our website is also one of the best ways of opening a bank account. We, at Policybazaar, help our potential customers to find the best-fit business account based on their financial preferences. They can either go to the bank accounts section on our website to open an ADCB Bank Account or call our help and support team to seek assistance. Our financial experts take the customers through the whole application process and help them open a business account without any hassle.

Ruchi Gohri
Ruchi Gohri

Senior Content Writer | She has a penchant for writing and with over 5 years of experience, she plays around with words elegantly, crafting simple content for all to read. In her free time, she loves her couch either to read or catch on to her sleep.