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 |