ADCB E-Business Account

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What is a Business Account?

A Business Account is a uniquely designed banking account that caters to your business needs. Not only does a business account allow you to receive payment through various modes, but also gives you the freedom of making multiple transactions. This account is exclusively available for business companies only.

ADCB E-Business Account

ADCB E-Business Account is a business banking account that provides you with a hassle-free banking experience so that you can shift your entire focus on banking instead of organizing your business account. Along with numerous benefits, this account also lets you manage your daily transactions so that no transaction escapes your attention.

Features and Benefits of ADCB E-Business Account

Free cheque book every year

Every year, as an ADCB E-Business Account holder, you will receive a free chequebook. This will facilitate your hefty transactions. Since the chequebook is free, you will save some extra money as well.

International Debit Card

As a business owner, it is only natural that your business may take you to foreign countries. Carrying cash while travelling can be a headache since you have to visit the foreign exchange and complete other formalities. To relieve you from such a hectic job, the Abu Dhabi Commercial Bank E-Business Account empowers you with an International Debit Card. You can use this international debit card to directly withdraw money from ATM centres in a foreign country. Besides, you also receive attractive offers and special discounts on every transaction. You can also use this card for shopping abroad.

Auto Sweep facility

Auto sweep is a special facility provided on your ADCB E-Business Account. According to this facility, whenever your bank balance crosses a particular limit, the additional amount in your account is converted into a fixed deposit. This fixed deposit is temporary that keeps your money liquid and allows you to earn profits at the same time.

Balance Requirement

ADCB understands that your business may at times require you to borrow the entire amount deposited in your banking account. Therefore, the minimum balance requirement on the ADCB E-Business Account is zero so that you have complete liberty to withdraw money without worrying about the minimum balance. Removing the minimum balance requirement eliminates the need to pay for the penalty which increases your savings.

Unlimited Teller Transactions

To delimit your transactions, the ADCB E-Business Account provides you with unlimited free teller transactions which allow you to make as many deposits and withdrawals in a month as you need. This reduces your expenditure on availing of banking facilities.

Free domestic remittance

With ADCB E-Business Account you also receive free domestic remittance which means that you can pay for your non-commercial transactions as well without paying any additional charges.

Free E-Statement

Every month, ADCB will send a free monthly cycle e-statement on your registered mail ID to ensure that you stay at the top of your expenses.

24/7 Banking Services Online

ADCB E-Business Account provides you with online banking and mobile banking services which let you access your account irrespective of the time. This allows you to make transactions, check your account balance, and avail other banking services outside the working hours and days.

Paying Bills

 Using your ADCB E-Business Account, you can pay bills for:

  • AADC
  • ADDC
  • DEWA
  • Etisalat
  • WASEL

Fee and Charges on ADCB E-Business Account

Yearly Service Fee AED 1800
Issued cheque returned AED 241.50
Account Closure AED 105
Additional Cheque Book AED 52.50
Favouring Other Banks AED 52.50
The penalty fee for insufficient funds to effect payments to other banks AED 105
Statement outside the current cycle AED 26.25 Per month
Not providing a valid trade license within 60 days after the expiry date AED 250
Stop Payment AED 105
Utility Bill Payment through teller counter AED 52.50

Please note that all the aforementioned charges are inclusive of 5% VAT as per the norms in the UAE.

Currency Accepted

 ADCB E-Business account accepts only AED currency for deposits and withdrawals. In case you need to use other currencies, please refer to other business accounts offered by the bank.

Eligibility Criteria for ADCB E-Business Account

ADCB E-Business Account is an exclusive account that is offered only to Emiratis and GCC Nationals aged 21 or above.

Documents required for opening an ADCB E-Business Account

 The documents required for opening an ADCB E-Business Account are:

  • Valid e-trader license
  • Commercial Registration
  • Original Valid Passport
  • Passport copies of all partners
  • Emirates ID for the signer
  • Resident Proof

Please note that this list of documents is not exhaustive and the bank can demand other or more documents to validate and open your business account.

How to Apply for ADCB E-Business Account

To open an ADCB E-Business Account offline:

  • Visit the nearest ADCB branch
  • Fill the application form
  • Submit required documents
  • Please carry your original documents

You can also open your ADCB E-Business Account in these simple steps:

  • Visit the ADCB webpage
  • Fill the online application form
  • Attach a scanned copy of required documents
  • Keep your originals handy
  • Upload a scanned copy of your signature

ADCB also provides the facility of opening the business account by calling at their 24-hour customer care helpline: 600 502030

You can also apply to open your business account through text message. Send ‘EB’ to 2626.

Policybazaar.ae also provides the facility of opening this account. To open an account:

  • Visit policybazaar.ae
  • Fill the online application form
  • Attach a scanned copy of required documents
  • Keep your originals ready
  • Upload a scanned copy of your signature

The bank will verify your documents and open your account in the next few working days.

FAQs on ADCB E-Business Account

Q1: What are the charges for remittance in foreign currency?

Ans: For remittance in foreign currency you need to AED 10.50

Q2: Is there any charge on issuing or stopping payment on Drafts/Banker’s cheque?

Ans: Yes, you will require to pay AED 52.50 to use this service.

Q3: Can an individual open this account?

Ans: ADCB is a business account specially designed for companies. Individuals are not allowed to open this bank account. If you want to open an account in ADCB you can check other types of bank accounts offered by the bank.

Q4: Is there any penalty if my trading license is not updated?

Ans: In case your trading license is not updated in the bank’s records within 30 days, a monthly fee of AED 150 will be levied on your bank account.

Laxita Gautam
Laxita Gautam63 Posts

Senior Content Writer | She functions on classic British fiction, Japanese manga, and strong americanos. Laxita is tailor-made to create engaging, interactive pieces that offer simplified insights into complex subjects.