Introduction:
Dubai, known as a global financial hub, is home to numerous prestigious banks that provide business bank account services for businesses and entrepreneurs. In this article, we will explore the best 20 business accounts in Dubai, highlighting their features, benefits, and services. Whether you are a multinational corporation or a budding startup, having the right banking partner is crucial for the success of your business. So, let’s delve into the top business accounts Dubai has to offer.
Emirates NBD:
Emirates NBD, a top bank in Dubai, offers various business accounts with personalized services and dedicated relationship managers. Their services include business loans, trade finance, and user-friendly digital banking solutions.
Dubai Islamic Bank:
As a pioneer in Islamic banking, Dubai Islamic Bank offers Sharia-compliant business accounts designed for companies seeking ethical financial solutions. Their accounts come with dedicated relationship managers, trade finance options, and a wide network of branches.
Mashreq Bank:
Mashreq Bank is a bank known for its innovative banking services and focus on customer needs. Their business accounts provide comprehensive solutions for companies, including cash management, trade finance, and state-of-the-art digital banking for businesses.
Commercial Bank of Dubai (CBD):
CBD offers a range of business accounts tailored to meet the diverse needs of companies. With personalized services, competitive interest rates, and advanced cash management solutions, CBD is a popular choice among businesses in Dubai.
First Abu Dhabi Bank (FAB):
FAB is one of the largest banks in the UAE and provides a wide range of business accounts.
They offer corporate banking, cash management, trade finance, and treasury services.
They have 4 main business accounts to choose from. The basic account, the advantage account , the preferred account and the business call account.
Abu Dhabi Commercial Bank (ADCB):
ADCB offers a comprehensive suite of business accounts designed to support the financial needs of companies. Their services include trade finance, treasury solutions, cash management, and specialized industry-focused products.
The 3 main business accounts are Business Choice Current Account(Silver) for entrepreneurs and small businesses,
Business Choice Current Account(Gold) for medium sized businesses and Business Choice Current Account(Platinum) for businesses with higher banking needs.
HSBC UAE:
HSBC is a renowned global bank that offers a range of business accounts in Dubai. With their international presence and extensive network, they provide businesses with access to a wide range of financial solutions, including trade finance and global cash management.
Standard Chartered UAE:
Standard Chartered is a leading international bank that provides tailored business accounts to companies in Dubai. Their offerings include cash management solutions, trade finance, and access to their global network.
National Bank of Abu Dhabi (NBAD):
NBAD, now part of First Abu Dhabi Bank (FAB), offers a wide range of business accounts to cater to the unique needs of companies. Their services include trade finance, treasury solutions, cash management, and advisory services.
Dubai Bank:
Dubai Bank provides a variety of business accounts, including current accounts, savings accounts, and time deposit accounts. They offer personalized services, competitive interest rates, and convenient digital banking options.
RAKBANK:
RAKBANK offers a range of business accounts suitable for companies of all sizes. Their offerings include trade finance, cash management, corporate cards, and digital banking solutions tailored to the needs of businesses.
Sharjah Islamic Bank:
Sharjah Islamic Bank offers Sharia-compliant business accounts that align with the ethical requirements of businesses. Their accounts come with personalized services, trade finance options, and competitive profit rates. They offer 3 main business accounts, a deposit account, an SIB MaxPlus account and a current account.
Noor Bank:
Noor Bank specializes in Islamic banking and provides a range of business accounts that comply with Sharia principles. Their offerings include trade finance, cash management, and dedicated relationship managers.
With Noor Business Accounts you need an average monthly balance of AED 10,000, otherwise you get cahrged AED 100.
You get a dedicated Relationship Manager and there are FX counters where you can exchange currencies such as UAE Dirham, Saudi Riyal, Kuwaiti Dinar, US Dollar, Euro, British Pound Sterling and Japanese Yen at Market rates.
United Arab Bank (UAB):
UAB offers a variety of business accounts designed to meet the financial needs of companies. Their services include trade finance, cash management, and treasury solutions, with a focus on personalized customer service.
Commercial Bank International (CBI):
CBI provides a range of business accounts tailored to the requirements of companies. Their offerings include trade finance, cash management, and digital banking solutions designed to streamline business operations. They also provide offshore accounts and foreign exchange facilities to their accounts
Emirates Islamic:
Emirates Islamic offers a range of Sharia-compliant business accounts to companies seeking ethical banking solutions. Their services include trade finance, cash management, and digital banking platforms. You can update your trade license with the bank. These business accounts come with a business debit card.
Ajman Bank:
Ajman Bank offers a variety of business accounts designed to support the financial needs of companies. Their services include trade finance, cash management, and personalized banking solutions, commercial property mortgage finance. Finance is available if you have been in business at least 3 years.
Invest Bank:
Invest Bank provides a range of business accounts with competitive interest rates and comprehensive services. Their offerings include trade finance, cash management, and corporate banking solutions.
Union National Bank (UNB):
UNB offers a range of business accounts designed to meet the financial requirements of companies. Their services include trade finance, cash management, and treasury solutions, with a focus on personalized customer service.
Conclusion:
Choosing the right business account is essential for the success and growth of your company. The banks listed above offer a diverse range of business accounts, each with its own unique features and benefits. Whether you prioritize personalized service, digital banking solutions, or Sharia compliance, Dubai’s banking landscape has options to suit your needs. It is advisable to research and compare the offerings of different banks before making a decision to ensure that you find the best business account in Dubai that aligns with your company’s objectives.