A business account is a special type of bank account designed especially for your business needs. It boosts your business by allowing you freedom of making transactions. This type of account can be opened by companies only.
To enhance your business transaction experience, Abu Dhabi Commercial Bank brings SmartStart Business Account which multiplies the benefits and allows you to keep an eye on each transaction. This account allows you to organize your daily financial needs with ease.
The first cheque book on your ADCB SmartStart Business account is complimentary. Every calendar year, the bank provides you with a free cheque book to facilitate large transactions.
With an ADCB SmartStart Business account, you receive a free business debit card. This type of card is offered to meet your daily needs. In case you are not able to visit the bank branch personally, you can visit the nearest ATM branch and borrow money. Besides, you can avail the overdraft facility through your debit card that lets you borrow credit on your bank account without paying high interest rates.
When you open an ADCB SmartStart Business account, you get the freedom to request your e-statement as frequently as you need for no cost. Unlike other bank accounts, this bank account even allows you to request multiple statements in a month. This facility enables you to keep an eye on every transaction ensuring that you stay at the top of your expenses.
The ADCB SmartStart Business account does not demand you to maintain any minimum balance. The bank permits you to maintain even a zero balance. This reduces your cost expenditure since you will not be liable to pay any penalties or additional amounts for not maintaining a minimum balance.
ADCB SmartStart Business account gives you absolute control over your finances without depending on your bank. Using ADCB Corporate Internet Banking you can avail of banking services on your ADCB SmartStart Business account irrespective of the banking working days or hours. You can make transactions, request e-statements, or use other facilities without seeking help from the bank.
|Monthly Service Fee||AED 105|
|Issued cheque returned||AED 300|
|Special Clearing Inward/Outward (per cheque)||AED 100|
|Additional Cheque Book||AED 210|
|Teller transaction||AED 26.25|
|The penalty fee for insufficient funds to effect payments to other banks||AED 52.50|
|Duplicate Statement||AED 26.25 Per month|
|Not providing a valid trade license within 60 days after the expiry date||AED 250|
Please note that the fee and charges are subjected to 5% VAT as per the norms in the UAE which is already included in the aforementioned charges.
You are allowed to make deposits via cash and cheque in ADCB SmartStart Business Account using AED currency. The account does not permit inward or outward payments using foreign currency.
Only UAE Nationals and residents with a valid visa who possess a valid trade license and power of attorney (if applicable) are allowed to open ADCB SmartStart Business Account.
The following documents are required to open this business account:
Please note that this list is not exhaustive and the bank may demand more or other documents at the time of applying. Please carry both duplicates and original documents.
To open the SmartStart Business Account you can:
You can also choose the online option to open your account. To open an account online:
You can open SmartStart Business Account via policybazaar.ae in a few simple steps
The bank will verify your documents and open your account in the next few working days.
Q1: Are there any charges for inward or outward transfers using AED currency?
Ans: No. ADCB SmartStart Business Account is a business account designed for giving you the freedom of making as many transactions as you need. Therefore, no additional charges will be levied for any transaction.
Q2: Is this account approved by Shari’a and the supervisory board?
Ans: Yes, the account has been approved by Shari’a and the supervisory board.
Q3: Is there any other way I can open my ADCB SmartStart Business Account?
Ans: Yes, you can choose to open your bank account by calling the bank at 600 57 6363. This number is active 24 hours a day. You can also apply for this account by sending an SMS ‘SA’ at 2626.