Banking update for RAKEZ companies: RAKEZ and RAKBANK announced a new proposition allowing eligible new and existing RAKEZ licence holders to open a RAKBANK Business Current Account within 60 minutes.
What is included?
According to RAKEZ, eligible businesses can receive account opening within 60 minutes, no minimum balance requirement for the first 12 months, and a reduced AED 49 monthly maintenance fee for the first 12 months. The announcement also includes AED 1,000 cashback where the required average balance conditions are met, plus a transfer-fee acquisition offer stated as valid until 31 October 2026.
Important: eligibility still applies
This is not a guarantee that every RAKEZ company will receive an account in 60 minutes. The proposition is expressly limited to eligible businesses, and normal bank onboarding, compliance and KYC requirements remain relevant.
Considering RAKEZ? Explore TTM Corporate’s Free Zone Company Setup and Corporate Bank Account Assistance.
Official source
RAKEZ — RAKEZ and RAKBANK launch UAE-first sixty-minute business account opening.
Planning a RAKEZ setup or need banking support? Book a consultation or message TTM Corporate on WhatsApp.
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