ADIB Business Account

Overview

ADIB business accounts have been customized to provide small to medium enterprises with a complete financial solution to maximize their business growth.

The bank has four variants of the business account i.e. ADIB Business Elite Account, ADIB Business Premium Account, ADIB Business One Account, and ADIB Merchant Account. Each of the ADIB Business Account acts as a great companion to support & take the business to another level.

ADIB Business Account Features & Benefits

Following are the key features & benefits of the business accounts offered by ADIB:

ADIB Business Elite Account

  • Banking Assistance: The account holder will get a dedicated relationship manager for meeting their various business needs.
  • Free Teller Transactions: The account holder can avail a maximum of 75 free teller transactions monthly.
  • Free Debit Card: The bank offers Business Platinum Debit Card with high POS and ATM limits along with this bank account.
  • Cheque Books: The account holder can avail personalized ADIB Business Platinum Cheque books with this ADIB Business Account.
  • Choice of Currency: The account holder can open this business account in AED or other major currencies also.
  • Internet Banking: The account holder can enjoy free telex transfers with the help of internet banking feature.
  • e-Statements: e-Statements will be delivered to the account holder’s mailbox every month at no extra cost.
  • Preferred Rates: The account holder can avail preferred rates on Investment Accounts & FX.

ADIB Business Premium Account

  • Free Teller Transactions: The account holder can avail a maximum of 20 monthly free teller transactions.
  • Free Debit Card: The bank offers Business Gold Debit Card with high POS and ATM limits along with this bank account.
  • Cheque books: The account holder can avail ADIB Business Gold Cheque books with this ADIB Business Account.
  • Choice of Currency: The account holder can open this business account in AED or other major currencies also.
  • Internet Banking: The account holder can enjoy free telex transfers with the help of internet banking feature.

ADIB Business one Account

  • Free Teller Transactions: The account holder can avail a maximum of 7 monthly free teller transactions.
  • Debit Card: The bank offers Business Classic Debit Card along with this bank account.
  • Cheque Books: The account holder can avail ADIB Business Classic Cheque books with this ADIB Business Account.
  • Choice of Currency: The account holder can open this business account in AED or other major currencies also.
  • Internet Banking: The account holder can enjoy free telex transfers with the help of internet banking feature.

ADIB Merchant Account

  • Free Teller Transactions: The account holder can avail a maximum of 7 monthly free teller transactions.
  • No Maintenance Fee: Unlike other ADIB business accounts, this bank account does not require the account holder to pay a maintenance fee.
  • Debit Card: The bank offers Business Classic Debit Card along with this bank account.
  • Cheque Books: The account holder can avail Classic Business Cheque books with this ADIB Business Account.
  • Internet Banking: The account holder can enjoy free telex transfers with the help of internet banking feature.
  • e-Statements: The account holder will get free e-statements.
  • Flexible Fund Transfers: The account holder can enjoy the flexibility of transferring funds to other bank accounts of ADIB with no additional charges.

Eligibility Criteria to Open an ADIB Business Account

Below are the eligibility criteria for opening the ADIB Business Account:

ADIB Accounts Eligibility Criteria
ADIB Business Elite Account
  • Minimum monthly average relationship balance greater than 500,000 AED.
ADIB Business Premium Account
  • Minimum monthly average relationship balance greater than 100,000 AED.
ADIB Business One Account
  • Minimum monthly average relationship balance greater than 5,000 AED.
ADIB Merchant Account      NA

Documents Required to Open an ADIB Business Account

Following documents are required to open ADIB Business Accounts:

Document  Document Types
Identity/ Address Proofs
  • Valid Passports (original) & Passport of all Partners (copies), and Resident Visa (for signatories).
  • Valid Passports (original) & Emirates Id (for the signer/s).
Other Documents
  • Trade License
  • Commercial Registration
  • Memorandum of Association
  • Chamber of the Commerce Membership Certificate
  • Any Subsequent Amendments & POA’s (if any)

Note: The account holder of the ‘ADIB Merchant Account’ also needs to submit the ‘Proof of POS machine usage as an additional document’.

*The applicant may need to submit additional documents as per the sole discretion of the bank.

How to Open an ADIB Business Account in the UAE

The applicant can open an ADIB Business Account in any of the below-mentioned ways:

  • Online: To open an ADIB Business Account online, the applicant can go through the official website of the bank and choose the desired business account. Click on the apply button, fill in the required details, and the bank representative will get in touch with the applicant shortly.
  • Offline: Those - who are not comfortable with the online procedure of opening a bank account can choose the offline mode. Interested people can open a bank account offline by visiting the nearest branch of ADIB and following the offline account opening procedure.
  • Phone Banking: The applicant also has an option to open an ADIB Business Account by phone. They can contact an ADIB representative via phone on:

                   a.) 8002828 (toll-free number) within UAE and

                   b.) +971 26100600 outside the UAE

How to Close an ADIB Business Account in the UAE

In order to close the ADIB Business Account, the account holder may need to visit the nearest ADIB branch in person or call on a customer service phone number.

Frequently Asked Questions

Q.1.  Do I need to pay any maintenance fee for ADIB Business Accounts?

Ans: Yes, you need to pay a maintenance fee of 25 AED for ADIB Business Elite Account, 100 AED for ADIB Business Premium Account, 250 AED for ADIB Business One Account on a monthly basis. There is no need to pay any monthly maintenance fee for the ADIB Merchant Account.

Q.2. Do I get any assistance while applying for business accounts in ADIB?

Ans: Yes, a dedicated relationship manager assigned to meet your various banking needs with the ADIB Business Elite Account.

Q.3. Can I open ADIB Business Account in any currency?

Ans: You can open ADIB Business account in AED and other major currencies.

Q.4. Does ADIB report my credit history to the business credit bureaus?

Ans: YES, the bank reports all of your credit history to the business credit bureau.

Q.5. How long will the application take time to process in ADIB?

Ans: It can take approximately one or two week time to process your application in ADIB.

Q.6. Is my personal information is safe & secured with ADIB?

Ans: Your personal information is absolutely safe and secured with ADIB as the bank - keeps it confidential. So, you don’t need to worry about safety.

Q.7. How does e-banking work in ADIB?

Ans: e-Banking basically enables you to carry out banking transactions round the clock in ADIB.

Q.8. Can I open an ADIB Business Account online?

Ans: Yes, you can open an ADIB Business Account online by going through the official website of the bank. And then, click on the ‘apply now’ button, fill in the required details, and submit it to the bank. The bank representative will contact you within a few working days in order to proceed with your application.