Bank Accounts in the UAE
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A current account in the UAE is an account that has a credit balance to be paid on demand. The current Ajman Bank account is designed for providing maximum quality of services for fulfilling the personal and business needs of the account holder.
Other than individuals, this account can also be operated by businesses and companies. The account holder can enjoy the benefits of a free debit card, cheque book and monthly statements with this bank account.
Listed below are some eminent features and benefits of this current account by Ajman Bank.
This Current Account is compliant to the Sharia principles of Islamic Law. It provides modern Islamic banking solutions to the account holder.
The account holder gets free of charge statements every month on their bank account. They also have the option of availing e-statement.
The account holder can enjoy the facility of complimentary payment of utility bills on this Ajman Bank Current Account that includes SEWA, FEWA, DEWA, AADC, ADDC, Etisalat, Salik Recharge, and du.
The Ajman Bank offers electronic banking portals to the account holder for making a lot of their transactions anytime and anywhere, as and when they want to. They can enjoy the facility of SMS and online banking on this account for simple and convenient banking solutions.
The account holder can avail a complimentary MasterCard Platinum Debit Card along with Chip Security with this bank account in the UAE.
The bank also offers the account holder a free cheque book (only the first one) with this current account UAE.
The account holder may enjoy the flexibility of investing in multiple currencies, which not only includes UAE dirhams, but Pound Sterling, Euro, and US Dollar also.
For current account opening with Ajman Bank, the applicant will have to submit the required documents. Enlisted below are the documents required for opening the account.
There are three methods of Ajman Bank Current Account opening in the UAE- by visiting the branch, via online banking, and through phone banking.
The applicant has the option of visiting the nearest brick and mortar branch of the bank to get the current bank account open in the UAE. They will have to carry along with them the documents required that have to be submitted to Ajman bank.
The bank offers the facility of the net or online banking to their customers, such that they can easily access banking solutions at any hour and from anywhere. The applicant can open current account online via the secure online banking option of the bank.
To get their current account open with Ajman Bank, the applicant can also contact the official customer care executives of the bank by calling on 80022.
To close the current bank account in the UAE, before anything else, the account holder must withdraw their funds from the current account or get it transferred to some other bank account.
After doing so, the account holder should apply for the account closure either on the Ajman Bank’s branch, or via online banking, or via phone banking.
The account holder has to pay a fee of AED 100 for account closure, in case they close their account within a year
Question 1: Do I have to bear any charge if my current account balance goes below the minimum requirement?
Answer: Yes. You will have to pay a monthly fee of AED 25 (equivalent in other currencies) if your account balance goes below the minimum requirement.
Question 2: What is the minimum balance I need to maintain on my Ajman Bank Current Account?
Answer: You need to maintain a minimum balance of AED 3,000 on your current account with Ajman Bank. On failing to do so, you will be charged a monthly fee as mentioned above.
Question 3: What all currencies can I make my investment in?
Answer: You have multiple currency options available for making your investments which include UAE dirhams, Pound Sterling, US Dollar, and Euro.
Question 4: What is the amount of fees that I have to pay on direct debit or standing instruction set up?
Answer: For setting up a direct debit or standing instruction on this current account UAE, you will have to pay a fee of AED 50.
Question 5: What are the various electronic channels available for me to make my banking transactions?
Answer: The Ajman Bank offers you the convenience of their electronic channels which include the following.
Question 6: In what frequency do I receive my bank statements?
Answer: You will receive your free bank statements every quarter. You can also avail the option of e-statements on this current account.
Question 7: How many free cheque books can I avail on this bank account?
Answer: The first cheque book on this bank account is free of cost.
Question 8: Do I get a free debit card with this bank account?
Answer: Yes. You get the MasterCard Platinum Debit Card along with Chip Security free along with this current bank account in the UAE.