Emirates Islamic Bank is one such bank offering exclusive Islamic banking products in the UAE, with the Emirates Islamic Bank zero balance accounts being among the most preferred savings accounts in the UAE.
A current account is a low or no interest-bearing deposit account but it allows you to withdraw as much money as required without any restrictions. This type of account benefits small medium small businessmen who require making transactions on daily basis. Realizing your transactional needs, Abu Dhabi Commercial Bank offers you a Business Choice Current account that empowers your business.
Allowing you to conveniently withdraw money from your bank account, ADCB Business Choice Current– Silver provides you with a free cheque book per quarter so that you can withdraw cash without hesitation. Besides, cheques allow you to make hefty withdrawals without any problem.
At times it is not possible to personally visit the bank branch for every transaction. Besides, you cannot write a cheque for every small payment. Meeting your daily withdrawal needs, ADCB Business Choice Current – Silver, provides you with a debit card. You can use this card to withdraw money or shopping or paying bills. This card is globally accepted which allows you to make payments all around the globe.
ADCB understands that financial needs can arise at any time. To delimit your accessibility to your savings account, the bank offers the facility of Personal internet banking and mobile banking on your ADCB Business Choice Current– Silver account which lets you make transactions or avail of any other banking services without being concerned with the working hours for free. You can use this facility even in the middle of the night to check your account balance or e-statement or withdrawal etc.
With ADCB Business Choice Current Account – Silver you receive 5 free cash/ cheque withdrawals and 10 cash/ cheque deposits per month. This gives you the freedom to make hassle-free deposits and withdrawals every month.
At times it may be difficult for you to keep an eye on your finances since ADCB Business Choice Current Account – Silver enables you to make more withdraws. Consequently, some transactions might escape your attention and you may lose track of your account balance. As an ADCB Business Choice Current Account – Silver account holder, you receive free e-statements on your account so that you are at the top of your expenses.
Using mobile banking app you can make the following payments from your ADCB Business Choice Current Account – Silver
To avoid monthly maintenance charges on your ADCB Business Choice Current Account, you are required to maintain a minimum balance of AED 10,000.
The fee and charges are as follows:
|Charges for not maintaining a minimum balance||AED 150|
|Account Opening Balance||AED 10,000|
|Additional chequebook (more than 1 cheque book per quarter)||AED 52.50 per cheque book|
|Cheques returned||AED 241.50 per cheque|
|Stop Payment||AED 105 per cheque|
|Additional teller transactions||AED 52.50 per extra transaction|
|Account Closure||AED 105|
|Debit Card replacement||AED 26.25|
You can use only AED currency for withdrawals and deposits on ADCB Business Choice Current Account – Silver.
Any UAE National or resident aged 21 or above is eligible to open ADCB Business Choice Current Account – Silver.
The documents required for opening an ADCB Business Choice Current Account – Silver are:
You can open Business Choice Current Account – Silver offline or online.
To open an account offline:
To open an account online:
You can also open ADCB Business Choice Current Account – Silver through policybazaar.ae
Q1: What is the rate of interest on ADCB Business Choice Current Account – Silver?
Answer: Since this is a current account, the interest rate offered on this account is zero.
Q2: Can a minor open this account?
Answer: No, this account has been designed for entrepreneurs, micro-SMEs, and small businesses. Only people aged 21 or above can open this account.
Q3: How can I procure an e-statement of the previous cycle?
Answer: You can request to receive an e-statement of the previous month's cycle. However, you will require paying AED 26.25 every month.
Q4: Is there another way of opening a bank account?
Answer: You can also open ADCB Business Choice Current Account – Silver by sending a message ‘IBCA’ to 2626.