| Our recommendation by preference |
1 |
2 |
3 |
4 |
| Summary at a Glance |
|
|
|
|
| Does our Client need to travel? |
Yes |
Yes |
Yes |
Yes |
| Initial deposit for AED$ corporate bank account |
50000 |
10000 |
10000 |
50000 |
| Minimum monthly balance in AED? |
50000 |
10000 |
10000 |
5 - 25,000 |
| Time it will take to open corporate bank account |
4 weeks |
4 weeks |
5 weeks |
5 weeks |
| Multi-currency single number bank account? |
Yes |
Yes |
Yes |
Yes |
| Multi-currency visa debit cards issued |
Yes |
Yes |
Yes |
Yes |
| Dedicated bank officer with cell phone contact? |
Yes |
Yes |
Yes |
Yes |
| Daily funds transfer limit? |
None |
None |
None |
None |
| Fees for inward wire transfer |
None |
AED 10 |
AED 25 |
None |
| Fees for outward wire transfer |
Min AED 85 |
Min AED 90 |
Min AED 50 |
Min AED 110 |
| Monthly email statements? |
Yes |
Yes |
Yes |
Yes |
| Our rating of the bank’s customer service |
Good |
Satisfactory |
Poor |
Poor |
| Internet banking available? |
Yes |
Yes |
Yes |
Yes |
| Corporate cheque book available? |
Yes |
Yes |
Yes |
Yes |
| Corporate USD Debit card (visa) |
Yes |
Yes |
Yes |
Yes |
| Corporate GBP Debit card (visa) |
No |
Yes |
No |
No |
| International branch locations |
Press here |
Press here |
Press here |
Press here |
| Is legalization (apostille) required? |
Yes |
Yes |
Yes |
Yes |
| Which Embassy in your country of origin? |
UAE |
UAE |
UAE |
UAE |
| Bank account opening fee? |
No |
No |
No |
No |
| Monthly account maintenance fee in AED? |
None |
None |
50 |
10 |
| Fee schedule document? |
Press here |
Press here |
Press here |
Press here |
| SMS notifications available? |
Yes |
Yes |
Yes |
Yes |
| Security token devise available? |
Yes |
Yes |
Yes |
Yes |
| Internet Banking |
|
|
|
|
| How long to receive password and login name |
2 weeks |
2 weeks |
2 weeks |
2 weeks |
| Can make e-banking € £ US$ funds transfers? |
Yes |
Yes |
Yes |
Yes |
| Our rating of the internet banking facility |
Very good |
Excellent |
Very good |
Good |
| Bank Logistics |
|
|
|
|
| Your dedicated bank officer will be |
Mr. Mohamed X |
Mr. Rizwan Mx |
Mr. Banxxx |
Mr. Asad Bxxx |
| Direct telephone number |
+971 (0) 5xxxx |
+971 55xxxx |
+971 503xxxxx |
+971-50-24xxxx |
| How big is the bank in this country? |
Top 3 bank |
Top 20 bank |
Top 5 bank |
Top 10 bank |
| Bank credit rating? |
Baa1 |
A- |
Baa1 |
A+ |
| Country credit rating? |
Aa2 |
Aa2 |
Aa2 |
Aa2 |
| Regulated by which authority? |
UAECB |
UAECB |
UAECB |
UAECB |
| Any currency controls in UAE? |
Yes, regarding transfers to Libya or Argentina |
Yes, regarding transfers to Libya or Argentina |
Yes, regarding transfers to Libya or Argentina |
Yes, regarding transfers to Libya or Argentina |
