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The ADIB Business Elite Account is designed to provide privileges to the valued clients of the bank. It is one among the four different options that it provides, including the Business Premium, Business One, and Merchant Account. The Business One and the Business Premium accounts are meant for businessmen operating on a smaller scale, since they carry an eligibility of AED 5000 and AED 100,000 respectively. On the other hand, the ADIB Business Elite Account is a much valued account providing useful options to businesses of a larger scale.
Clients who are opting for an ADIB Business Elite Account may avail of the following features which are provided to them by the bank:
Minimum relevant balance that is required is AED 500,000. Monthly maintenance fee of AED 50 shall be charged.
In order to initiate the process of acquiring an ADIB Business Elite Account, the customer has to simply log in to the page on the ADIB site, click on the ‘Business’ sub section. There, one will be required to fill in the necessary details including the trade license number, among others. If they are not comfortable with this method, they may also try visiting a nearby ADIB branch, or apply by phone on the number 0265787777 for domestic enquiries, or 97126578777 for international customers.
Q1: What is the main difference between the Business Elite Account, and the other accounts such as Business One or Business Premium?
Ans: The Business Elite account is designed to cater to a unique set of clients, i.e. who are running businesses at the higher spectrum. This is reflected in the minimum average balance that needs to be maintained which is above AED 500,000. In comparison, businesses or companies operating at a lower scale should go for Business One or Business Premium.
Q2: If I switch my Business account from Elite to one of the other accounts, will my credit rating be affected?
Ans: If you have duly paid any outstanding overdrafts on the previous account, switching will not affect your credit score.
Q3: Can I get the assistance of a relationship manager in this scheme?
Ans: Every Elite customer has the right to get the assistance of a dedicated relationship manager, who shall look into their personal requirements.
Q4: In case I wish to apply for a loan, how will the bank decide the tenure?
ADIB will take a call on the loan tenure that will be granted under the Elite account, based on the debt ratio that the client holds on the earlier debts taken and the monthly income that they have.
Q5: Can I access my Business Elite account when I am outside the UAE?
Ans: ADIB allows you to access your Business Elite account from anywhere in the world from the mobile banking services app.