Raka Bank Opens Business Accounts Quickly
RAK Bank and Ras Al Khaimah Economic Zone (RAKEZ) have launched a unique initiative in the UAE that allows eligible and registered companies with RAKEZ to open a business current account within just 60 minutes—making it the first of its kind in the country. The benefits include waiving the minimum balance requirement for the first 12 months, reduced management fees of AED 49 per month, a cashback of AED 1,000 when maintaining a monthly average balance of AED 25,000 over the first three months of account opening, as well as exemption from local and international transfer fees until October 31, 2026. The aim of this initiative is to simplify and expedite banking procedures for businesses, supporting their growth and expansion through a fast service that combines flexibility and added value for enterprises.
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