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CBI Business Account

CBI bank has approached the business banking with a unique service. It has the approach of anywhere, anytime technology when it comes to personal service.

The Business Banking services provided by the CBI bank are banking, loans, deposits, treasury services, and risk management.

Also, the CBI bank has special relationship managers with professional backgrounds to help the customers.

CBI Business Account - Features & Benefits

The features and benefits of the CBI bank business account are as follows:

  • Banking is available worldwide
  • Financial solutions for the business needs of the customer
  • Treasury services
  • Working and trade capital
  • Deposits
  • Customer support

Eligibility Criteria to Open CBI Bank Business Account

The applicants for the CBI bank business account must qualify the following the requirements to open an account:

Minimum balance of AED 50,000 should be maintained every month

How to Open CBI Bank Business Account in the UAE

To open a business account with the CBI bank in the UAE, the applicant can apply through the following ways:

  • Online Banking
  • Telephone Banking
  • Visiting the nearest branch of the CBI bank

How to Close CBI Bank Business Account in the UAE

To close a business account with the CBI bank in the UAE, the customer should visit the nearest branch of the bank.

CBI Bank Business Account - FAQs

Q.1 How can I contact the customer support team of the CBI bank in the UAE?

Ans: If you are in the UAE, you can dial 600544440 to contact the customer support team of the CBI bank.

Q.2 How can I contact the customer support team of the CBI bank when I am outside of the UAE?

Ans: Customers who are not in the UAE, can dial +971 4 503 9000 to get in touch with the customer support team of the CBI bank.

Q.3 Under which circumstances can the CBI bank in the UAE share my details?

Ans: The bank can share your details under these conditions:

  • On the orders of the court
  • On the orders of a regulatory authority
  • On the orders of a government agency
  • If the law permits

Q.4 Which, specific details can be shared by the government to a third party?

Ans: The following details can be shared by the CBI bank to a third-party:

  • Personal details- account number, name, and address
  • Account information- Transaction history, the type of account, and the balance in the account
  • Transaction information- a type of transaction, location, date, and amount

Q.5 What the eligibility criteria of the Online services provided by the CBI bank in the UAE?

Ans: A non-individual entity, who are availing the Products and services of the CBI bank, is eligible for the service of Online Banking.

Q.6 What are the benefits of using CBI Bank Business Online Banking?

Ans: The benefits of using CBI Bank Business Online Banking are as follows:

  • Security
  • Easy access to accounts
  • Financial transactions are convenient
  • Non-financial activities are simplified
  • Administrative functions
  • Single sign-on is convenient

Q.7 When will I receive my business ID?

Ans: Your business ID will be mailed to you when the registration of the business account is complete.

Q.8 What type of financial transactions can I make with the CBI bank Online Banking?

Ans: You can make the following financial transactions with the Online Banking service of the CBI bank:

  • Transfer of funds
  • Remittance
  • Fixed deposit
  • Bill payment
  • Bulk upload
  • Request for Cheque Book
  • Trade finance

Q.9 In Case of any suspicious activity, who should I contact?

Ans: If you have any suspicion of unusual activity, you can immediately report the suspicion to the bank at ebank[@]cbi[.]ae and service[.]bb[@cbi[.]ae. You can also call them at 04 402 3131(if you are in the UAE) or +971 4 402 3131 (if you are out of the UAE).

Q.10 Is it possible to have one access for my relationships with the CBI Bank in the UAE?

Ans: Yes, it is possible to have only one access for your relationships with the CBI bank.

Q.11 What is the charge for failing to maintain the monthly requirements of the CBI Bank Business account?

Ans: The customer will be charged AED 750 for failing to maintain the minimum monthly balance with the CBI Bank Business Account.

Q.1 What is the fee for the maintenance of the foreign currency account?

Ans: The maintenance of the foreign currency account has a fee of AED 250. It is charged annually in the month of October.

Q.12 Is there any fee for activating the dormant CBI Bank Business Account?

Ans: Yes. You will be charged AED 1000 for activating the dormant CBI Business Account.

Q.13 How much will it cost to close a CBI Bank Business Account?

Ans: Closing a CBI Bank Business Account will cost you AED 250.

Q.14 Is there any fee for the service of Cheque Secure provided by the CBI Bank Business Account?

Ans: For the Cheque Secure Service, you will be charged AED 1500 annually.