RAKBANK was founded in 1976 and is one of the oldest banks in UAE. In 2001 it made significant changes and focused on personal and business-banking. Today, the bank has about 40 branches that offer a wide variety of services for personal and business-banking.
Founding date
1976
Account Opening Terms
Recommendations
Required
Description of activity
Detailed
Account type
Corporate and personal.
Required documents
Travelling passport; application form; copies of Emirates ID and resident UAE visa; salary statement; copies of constituent documents; director's CV, company's profile and bank statement
Minimum balance
6006
Account opening nuances
The bank requires Emirates ID and it is applicable only to tax residents