Emirates NBD Current Account

Emirates NBD offers conventional as well as Islamic current accounts to match the diversified banking needs of its customers. The Standard Current Account, Special Current Account, Call Deposit Account, and Islamic Current Accounts are the current accounts offered by the Emirates NBD. Each one of the Emirates NBD Current Account offers a number of attractive features and easy access for utmost flexibility & convenience.

Features & Benefits of Emirates NBD Current Account

Here are the eminent features & benefits of the current accounts offered by the Emirates NBD:

Standard Current Account

  • No Interest: This Emirates NBD Current Account is a non-interest bearing account so no interest is paid on these current accounts.
  • Cheque Book Facility: The account holder is eligible for a cheque book.
  • Free Debit Card: The account holder can avail complimentary globally accepted UAE Dirham debit/ATM card with this bank account.
  • Multiple Currencies: This Emirates NBD account can be opened in AED as well as other foreign currencies such as GBP, USD, AUD, CHF, SGD, CAD, etc.
  • Standing OrderFacility: The account holder can avail the facility of the standing order, in which they can instruct the bank to transfer a specified sum from their bank accounts at regular intervals.
  • Overdraft Facility: There is also overdraft facility available with this Emirates NBD current account.
  • Bill Payment Facility: The account holder can enjoy the bill payment facility across a range of services.
  • Banking Privileges: The account holder can avail easy access to their bank account via ATMs, Online Banking, and Phone Banking.
  • Account Statement: With this Emirates NBD Account, the account holder can avail a monthly statement.

Special Current Account

  • Multiple Currencies: This Emirates NBD account can be opened in AED & USD.
  • Cheque Book Facility: The account holder can avail the cheque book facility (AED & USD).
  • Free Debit Card: The account holder can avail complimentary globally accepted UAE Dirham debit/ATM card with this bank account.
  • Account Statement: With this Emirates NBD Account, the account holder can avail a monthly statement.
  • Bill Payment Facility: The account holder can enjoy the bill payment facility across a range of services.
  • Interest Rate: This Emirates NBD Current Account is an interest bearing account.
Product Interest Rate (per annum) Interest calculation based on Interest pay-out (Credit to Account)
Emirates NBD Special Current Account
  • 0.25 Percent
  • Daily closing balances
  • Half-yearly

Call Deposit Account

  • Multiple Currencies: This Emirates NBD current account can be opened in multiple local as well as international currencies such as AED, EUR, USD, GBP, etc.
  • No Cheque Book or Debit Card: There is no cheque book and debit card is provided with this bank account.
  • Attractive Returns: This Emirates NBD bank account offers attractive rate of interest on balances to enable its account holder to earn higher returns.

Emirates NBD Islamic Current Account

  • Multiple Currencies: This Emirates NBD current account can be opened in AED & USD.
  • Cheque Book Facility: The account holder can avail the cheque book facility.
  • Free Debit Card: The account holder can avail complimentary globally accepted UAE Dirham debit/ATM card with this bank account.
  • Account Statement: With this Emirates NBD Account, the account holder can avail a monthly statement.
  • Banking Privileges: The account holder can avail easy access to their bank account via ATMs, Online Banking, and Phone Banking.

Eligibility Criteria to Open an Emirates NBD Current Account in UAE

To be eligible to open an Emirates NBD Current Account, customers need to meet certain criteria. Listed in the table are some eligibility requirements for opening currents accounts with the bank:

Emirates NBD Current Accounts Eligibility Criteria
Standard Current Account Minimum Monthly Average Balance Required:
  • AED 3,000
Availability:
  • UAE Resident Individuals including Joint Account Holders.
  • Partnership Companies/Sole Proprietorship/Limited Liability Companies/Joint Stock Companies.
Special Current Account  Availability:
  • For salaried Individuals.
Call Deposit Account Availability:
  • Non-Individuals customers.
Islamic Current Account

Minimum Relationship Balance Required:

  • AED 3000

Availability:

  • Individuals & non-individuals.

Documents Required to Open an Emirates NBD Current Account

To open an Emirates NBD Current Account, the applicant needs to submit the following documents:

Emirates NBD Current Accounts Required Documents
Standard Current Account For Individuals:
  • Passport(s) Copy & Original Passport for verification.
  • Sponsor’s letter of no objection.
  • Salary Certificate (in case of salary transfer accounts). In the absence of salary Certificate, any one of the following documents can be submitted:
  • Appointment letter or Contact Copy.
  • Pay Slip (less than 3 months old).
  • Recent Bank Account Statement where customer’s salary is being transferred.
For non-Individuals
  • Commercial or Federation Registration Certificates (if applicable).
  • Power of Attorney (if Applicable).
  • Certificate of Commencement of Business (for Joint Stock companies).
  • Copies of Passport of the Authorized Signatories.
  • Memorandum & Articles of Association to ascertain the period of Company.
  • BOD resolution highlighting the titles or designations of officials authorized to open the bank account & the extent of their authority & the manner to open a bank account.
  • For public shareholding companies- a list of names & addresses of shareholders.
Special Current Account  For Identification:
  • Original  Passport/UAE National ID
  • Copy of Passport
Call Deposit Account For Identification:
  • Original  Passport/UAE National ID
  • Copy of Passport
Islamic Current Account For Individuals:
  • Original  Passport/UAE National ID
For non-Individuals:
  • Copies of Passport & EIDA of all directors/signatories/owners.
  • MOA (Memorandum of Association)
  • Board Resolution
  • Trade License

*Note: The applicant may need to submit some additional documents as per the sole discretion of the bank

How to Open an Emirates NBD Current Account in UAE?

The applicant can open a current account with Emirates NBD through any of the below-mentioned ways:

  • Branch Visit: To open the current account with Emirates NBD, the applicant can approach the nearest bank branch and submit the required documents.
  • Online Banking: The applicant can open an Emirates NBD Current Account by visiting the official website of the bank.
  • Phone Banking: The applicant can also contact the bank representative by calling on the official customer number to get their current account open with Emirates NBD.

How to Close an Emirates NBD Current Account in the UAE?

For account closure, the account holder can visit the nearest Emirates NBD branch to close their account.

Emirates NBD Current Account - FAQs

Q.1. Can I open Emirates NBD Current Account in other currencies other than AED?

Ans: Yes, you can open all three of the Emirates NBD current accounts in AED as well as other currency.

Q.2.  Do I need to transfer salary in a Standard Current Account?

Ans: This Emirates NBD Current Account can be opened either as a Savings variant or a Salary variant. Hence, the salary transfer is required if this bank account is opened as a salary variant.

Q.3. How long will it take to open an Emirates NBD Special Current Account?

Ans: Your Emirates NBD Special Current Account will be opened in only two working days.

Q.4.  Do I need to maintain a minimum balance in Emirates NBD Current Account?

Ans: Yes, you need to maintain a minimum monthly average balance of AED 3,000 in Emirates NBD Standard Current Account.

Q.5. Will I get a complimentary debit card with any of the Emirates NBD Current Accounts?

Ans: Yes, you will get a complimentary International UAE Dirham debit/ATM card with most of the current accounts offered by the Emirates NBD.

Q.6. Am I eligible to request for a cheque book?

Ans: The cheque book facility with most of the Emirates NBD Current Accounts is available. The first cheque book on account opening is provided free of cost, thereafter charges are levied as per the schedule of charges.

Q.7. How many Islamic Current Accounts are offered by the Emirates NBD?

Ans: The bank offers only one Shariah Compliant Islamic Current Account.

Q.8. How can I get access to my Emirates NBD Current Account?

Ans: You can get round-the-clock access to your bank account through ATMs, Online banking, and Phone Banking.