Bank Accounts in the UAE
Open bank account instantly with zero maintenance fees
A current bank account in the UAE is a type of deposit bank account that is maintained by those individuals who need to make a large number of transactions with the bank on a regular basis. CBD current account is designed to make everyday banking easy and convenient. It lets its account holder access their money when they need the most.
This current account offered by the CBD comes with exciting features and benefits that help in fulfilling the personal as well as business needs of the account holder. Other than individuals, this bank account can also be operated by businesses and organizations.
Listed below are some of the key features & benefits of the CBD current account:
Below are the eligibility criteria for opening a current bank account with CBD:
|Minimum Age Requirements||
In order to open a current account with CBD, the applicant needs to submit the following documents:
The applicant can open a CBD current account any of the following ways:
In order to close a CBD current account in the UAE, before anything else, the account holder must withdraw all of their funds from the current account or getting it transferred to another bank account successfully.
After that, the account holder should apply for the ‘account closure form’ either on the CBD’s branch or via online banking or phone banking.
Please note that the account holder has to pay a fee of 100 AED for account closure.
Q.1. What all currencies can I make transactions in?
You have multiple currency options available for making unlimited transactions which include UAE dirhams, US Dollar, Pound Sterling, and Euro.
Q.2. How many free cheque books can I avail on this CBD Current Account?
You can avail first cheque book free of cost with this current bank account.
Q.3. Do I get a free debit card with this CBD Current Account?
Yes. You can avail the free MasterCard Platinum Debit Card along with this bank account. This debit card comes with the latest Chip & PIN Security and contactless pay card technology that helps you to make easy payments and withdraw cash at ATMs globally.
Q.4. What is a Budget & Track tool?
It is basically a unique financial management tool that helps you to track your expenditures, set your budgets, save money for your life goals, and much more in a systematic manner.
Q.5. What is the minimum balance that I need to maintain in my CBD Current Account?
You need to maintain a minimum balance of 3000 AED in your CBD Current Account.
Q.6. Do I have to pay any charge if my account balance goes below the minimum requirement?
Well, yes. You will need to pay 25 AED if your current bank account balance goes below the minimum requirement.
Q.7. Can I open a CBD current account online?
Of course, yes. You don’t need to visit a CBD branch. You can easily open a CBD Current Account online by visiting the official website of the bank. It’s quick, it is easy and it takes a few minutes only to compete.
Q.8. what are the various electronic channels are available that I can use to make banking transactions?
CBD offers you the convenience of various electronic channels which include the following: