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NBF corporate banking offers four different types of accounts. These accounts are business account, Fixed Deposit Account, Call Account, and Corporate Current Account.
The business account of the NBF Bank is divided into 4 different packages, based on the minimum balance requirements. The available packages of the NBF business account are- Business Plus, Business Priority, Business Elite, and the Business Advantage.
Features & Benefits of NBF Business Account
The features and benefits of the NBF business account are given below in the table:
ACCOUNT
FEATURES AND BENEFITS
MINIMUM REQUIREMENTS
Business Account
A Debit card is free for the first year
A Cheque Book of 50 leaves is free
Teller transaction is free
Access to major currencies
Business Plus- A minimum Balance of AED 25,000 per month
Business Priority- A minimum Balance of AED 100,000 per month
Business Elite- A minimum Balance of AED 300,000 per month
Business Advantage- A minimum Balance of AED 500,000 per month
Call Account
Access to major currencies
Facility for Standing Instruction
Easy access to the funds
Competitive interest
Minimum balance of AED 250,000 per month should be maintained
Corporate Current Account
Access to major currencies
Benefits and services offered for maintaining the monthly balance
Facility for Standing Instruction
Remittance facility
Access to the wide variety of products for loan
Company Cheques
Demand Draft and Banker’s cheques
International and domestic payments
Wages protection system
Payroll services
Service for Payroll Card
Other payments for salary
Delivery and collection of cash
PDC warehousing
Minimum balance of AED 100,000 per month should be maintained
Fixed Deposit Account
Available in major currencies
Competitive rate of interest
Flexible dates available for maturity
Roll-over facility
Availability of Sweep facility
Not Specified
How to Open an NBF Business Account in the UAE?
To open a business account with the NBF Bank, the applicant should visit the nearest branch of the bank.
How to Close an NBF Business Account in the UAE?
To close the business account with the NBF Bank, the customer should also visit the nearest branch of the bank.
NBF Business Account FAQs
Q.1 What is the fall below fee of the NBF Bank Call Account?
Ans: The fall below fee of the NBF Call Account is AED 250.
Q.2 What is the fall below fee of the NBF Business Account?
Ans: The fall below fee of the NBF Business Account is given below:
Business Plus- AED 250
Business Priority- AED 350
Business Elite- AED 400
Business Advantage- AED 500
Q.3 What is the fall below fee of the NBF Corporate Current Account?
Ans: The fall below fee of the NBF Corporate Current Account is AED 250.
Q.4 How many Cheque Books are free with the NBF Business Accountin the UAE?
Ans: The number of free Cheque Books differ with every package of the NBF Business Account.
Business Plus- 1 Cheque Book (50 leaves) is free
Business Priority- 2 Cheque Book (50 leaves) is free
Business Elite- 3 Cheque Book (50 leaves) is free
Business Advantage- 5 Cheque Book (50 leaves) is free
Q.5 How many free local transactions do I get with the NBF Business Accountpackages?
Ans: The number of free transactions with the NBF Business Account is given below:
Business Plus- every local transaction will be charged
Business Priority- 2 local transactions are free
Business Elite- 2 local transactions are free
Business Advantage- 5 local transactions are free
Q.6 What is the fee for Remote Cheque Scanner for the package of Business Advantage?
Ans: The Remote Cheque Scanner is free for the Business Advantage package.
Q.7 What is the fee for the Remote Cheque Collect Service for the Business Advantage package?
Ans: The Remote Cheque Collect Service for the Business Advantage package is charged AED 500.
Q.8 What is the fee for NBF Direct?
Ans: The NBF Direct is free for all the NBF Business Account packages.
Q.9 Is there an annual fee for the Debit Card with the NBF Business Account?
Ans: Yes, the NBF Business Account Debit Card has an annual fee. While the Debit card is free for the first year, it does have an annual fee for the subsequent years. Following are the fees for the subsequent years:
Business Plus- AED 150
Business Priority- AED 150
Business Elite- AED 150
Business Advantage- Free for life
Q.10 What are the charges for international and domestic payments in FCY with NBF Business Account?
Ans: The charges for FCY payments in local or international transactions with the NBF Business Account are as follows:
