Open Abu Dhabi Islamic Bank Business Elite account in UAE

Abu Dhabi Islamic bank has shown tremendous growth since its inception in 1997. It was awarded the title of ‘World's best Islamic Bank’ in 2018 by The Banker’s Magazine Awards for Islamic Banks. Abu Dhabi Islamic Bank offers several types of bank accounts to enhance your banking experience. One such bank account is ADIB Business Elite account, which aims to help business organizations in dealing with their finances in the most simplified way.

Abu Dhabi Islamic Bank Business Elite account

Offering personalized services such as dedicated Relationship manager, personalized cheque books, etc. ADIB’s Business Elite account offers numerous benefits to business organizations.

Why Should You Have Abu Dhabi Bank Business Elite account:

1) Dedicated Relationship Manager

With ADIB Business Elite Account, you receive dedicated relationship manager who helps you to manage your banking account with ease. Guaranteeing customer’s satisfaction, relationship manager assists you in making the most of your ADIB Business Elite Account.

2) Free Teller Transaction

As a Business Elite accountholder in the UAE you will receive up to 40 free teller transactions every month. The teller transaction will include cash deposits, withdrawals, cheque deposits, traveler cheques etc.

3) Free Bank Debit Card

Facilitating your banking transactions, ADIB provides platinum debit card to Business Elite Accountholders. This card comes with two benefits i.e. higher withdrawal limits at ATMs and high POS.

4) Platinum Chequebooks

The first chequebook on ADIB Business elite account is free.

5) Currency Alternatives

The ADIB account holders have the option to open an account in UAE Dirham or other considerable currencies. It will break the monetary barrier for people who want to make their transactions internationally.

6) Internet Banking Facility

As an ADIB Business Elite account holder you receive the option to open an account with your choice of currency. You can choose to make cash deposits in AED or USD or other considerable currencies without any restrictions. This boosts your ability to conduct overseas business without worrying about currency exchange.

7) Favourable Rates

Globalization has become even more prominent with the popularization of internet in the 21st century. To match the speed of the 21st century, Abu Dhabi Islamic Bank offers internet banking facility with Business Elite Account so that your business never sleeps or stops. Using internet banking facility, you can get access to your account round the clock and make transactions outside the banking hours as well at your convenience.

8) Free E-Statements every month

Abu Dhabi Islamic bank business account beneficiaries will be sent monthly e-statements of transactions every month without any extra charges ensuring that no transaction escapes your attention. This allows you to keep a track of your transactions.

Facilities and Services Provided by ADIB Business Elite account;

1) E-Banking

With ADIB Business Elite Account, you receive the freedom of operating your bank account at your own convenience without any working hours’ restriction. You can register for ADIB e-banking platform and manage transactions on your account round the clock. Besides, you can also use e-banking to pay your utility bills, transfer funds from one bank account to the other, make international transactions, and check your balance.

2) Smart Teller Facility

Smart Teller facility is available at selected branches of ADIB. You can use this facility to deposit or withdraw cash up to AED 100,000 from your bank account. Besides, you can instantly exchange your cheque of up to AED 25,000. The smart teller facility allows you to deposit up to 25 cheque in one transaction.

3) ADIB Diamond

Abu Dhabi Islamic Bank Diamond is an elite banking service plan that offers numerous benefits such as:

Relationship management
Wealth management
Lifestyle benefits
Covered cards
Market updates
Easy contact

4) ADIB Gold

ADIB Gold is another banking plan which allows you to receive banking services like:

Simple and beneficial account
Relationship management
Wealth management
Lifestyle benefits
Covered cards
Market updates
Easy contact

Minimum Balance Requirement for ADIB Business Elite Account

You need to maintain a minimum balance of AED 500,000 or more on your ADIB Business Elite Account.

Fee and Charges

Service	Fee
Monthly charges for AED accounts	AED 50
Monthly charges for USD accounts	USD 20
Monthly charges for EURO accounts	EURO 12
Monthly charges for GBP accounts	GBP 10
Postdated cheque collection (PDC)	AED 5
• Deposit (Cash & Cheques) • Withdrawal (Cash & Cheques) • TT’s (Local & International)	Free 40 transactions AED 25 shall be charged for any additional transaction
Duplicate e-statement	AED 50 or equivalent in foreign currency
Internal fund transfers in AED only (Within ADIB accounts)	AED 60
Transfer in AED	AED 75
Transfer in other currencies	AED 110 or equivalent in foreign currency
Confirmation of payment to beneficiary	AED 100 or equivalent in foreign currency
SWIFT cancellation / funds recall	AED 100 or equivalent in foreign currency
Swift inquiries (overseas)	AED 100 or equivalent in foreign currency
International fund transfer charges - only if payment option "OUR" is selected	AED 100 or equivalent foreign currency
Setting-up Standing Instructions / Amendment/Cancellation	AED 50 or equivalent foreign currency
Standing Instructions Per transaction	AED 25 or equivalent foreign currency
First Cheque Book	Free
Subsequent Cheque Book Issuance	AED 100
Returned Cheques	AED 300 or equivalent in foreign currency
Special clearing	AED 205
Stop payment (per request)	AED 150
Collection cheques in foreign currencies	AED 100
Over the counter cheques encashment	AED 60 per Cheque
Account closed within 12 month	AED 100 or equivalent foreign currency
Demand Draft Issuance to Customer	AED 56 or equivalent foreign currency
Demand Draft Courier Service	AED 100

Eligibility Criteria for opening an ADIB Business Elite account:-

You are eligible to open an ADIB Business Elite Account if:
You are a UAE National or resident
You are aged 21 or above

How to open an ADIB Business Elite account

Offline Mode

To open an ADIB Business Elite account, you can visit ADIB’s nearest branch and open the bank account. You can also call the bank’s customer service number to open the bank account with ADIB. A bank’s representative will contact you to further the process.

Documents Required to Open an ADIB Business Elite account

Original and duplicate copy of valid passportEmirates ID of the signatory/signatories
Passport copies of all partners are needed, including the Residence Visa of all signatories
Trade License
Chamber of Commerce Membership Certificate
Commercial Registration
Memorandum of Association(MOA)
Any subsequent amendments and POAs (power of attorneys) (if any)

Online Mode

ADIB Business Elite account can be opened online.

Visit ADIB’s webpage and fill the e-form. The bank will contact you to complete the process.

Alternatively, you can choose to open your ADIB Business Elite Account through our website in a few minutes. All you need to do is:

Visit the savings account section on our website
Select ADIB Business Elite Account
Fill in the e-form
The bank will contact you to verify your documents and open the bank account.

The photographs of all the documents mentioned above should be clicked and uploaded manually.

Frequently Asked Questions

Q1: Do I need to maintain a minimum average balance in ADIB Business Elite account?

Ans: Yes, the accountholder needs to maintain an average monthly balance of AED 500,000 at least.

Q2: How many free teller transactions can I avail of in a month on the business elite account?

Ans: ADIB offers 40 free teller transactions every month on the business elite account. Subsequently, the accountholder is charged AED 25 for every additional transaction.

Q3: What are the monthly maintenance charges on the business elite account?

Ans: The bank charges a maintenance fee depending on the account currency type. For accounts in AED, it charges AED 50, for accounts in USD the fee is USD 20, GBP and EUR accounts are charged GBP 10 and EUR 12 respectively.

Q4: What is the Smart Teller facility in ADIB Business Elite account?

Ans: The Smart Teller facility allows you to deposit up to 25 cheques in one go. In addition, you can deposit and withdraw AED 100,000 from your bank account and instantly exchange your cheques of up to AED 25,000. However, the Smart Teller facility is available only at select ADIB branches.

Q5: Being an accountholder, do I get free chequebooks?

Ans: The bank issues the first chequebook for free. Additional chequebooks incur a fee of AED 100 if applied through the bank branch and AED 20 for application through online banking (ADIB Direct).

Q6: Do I get a debit card to access funds in the business elite account?

Ans: Yes, ADIB offers a free business platinum debit card with a high ATM and POS transactions limit.