The business accounts of the ADCB bank is conceptualized specifically for the small business and entrepreneurs. This account was created to simplify the relationship between the account holder and the bank.
However, the accounts have specific requirements for monthly minimum balance. The account holders are fined with certain amounts, specific for each type of account, if the requirement is not met.
ADCB Business Accounts - Features & Benefits
The Features and benefits of the ADCB business accounts are:
Types of Business Accounts
Features and Benefits
Business Choice Current Account- Silver
Accepted worldwide Business Choice Debit Card
Free Cheque book every four months
Requirement for minimum balance is low
E-statements are free
Access to the services of mobile banking, phone banking and internet banking
Business Choice Current Account- Gold
Accepted worldwide Business Choice Debit Card
Free Cheque book every four months
Requirement for minimum balance is low
E-statements are free
Access to the services of mobile banking, phone banking and internet banking
Tellers transactions are free 30 times in a month
Business Choice Current Account- Platinum
Accepted worldwide Business Choice Debit Card
Teller transactions are free and unlimited
In case of theft and fire, complimentary insurance of business up to AED 500,000 is provided (T&C apply)
3 Cheque books are given for free in a month
Requirement for minimum balance is low
E-statements are free
Access to the services of mobile banking, phone banking and internet banking
Business Choice Special Savings Account
Accepted worldwide Business Choice Debit Card
Requirement for minimum balance is low
E-statements are free
Access to the services of mobile banking, phone banking and internet banking
Availability of Sweep Facility
Earn monthly payouts of up to 0.8% interest rates per annum on savings
E-business Account
Cheque book
International debit card
Access to internet and mobile banking
Facility for utility bill payment available
E-statements are free
Availability of Auto Sweep Facility
No requirements for the minimum balance
Teller transactions are free and unlimited
Domestic remittances are free
Eligibility Criteria to Open an ADCB Business Accounts in UAE
The eligibility factor required are:
Types of Business Accounts
Eligibility Requirements
Business Choice Current Account- Silver
Minimum monthly balance of AED 10,000
Business Choice Current Account- Gold
Minimum monthly balance of AED 50,000
Business Choice Current Account- Platinum
Minimum monthly balance of AED 100,000
Business Choice Special Savings Account
Minimum monthly balance of AED 10,000 to earn interest
E-business Account
Applicant must be a UAE or GCC national
Documents Required to Open an ADCB Business Account in UAE
Required documents to open a business account are:
Types of Business Accounts
Documents Required
Business Choice Current Account- Silver
Valid Tenancy contract
Power of attorney (if it is applicable)
Valid Trade license
Business Choice Current Account- Gold
Valid Tenancy contract
Power of attorney (if it is applicable)
Valid Trade license
Business Choice Current Account- Platinum
Valid Tenancy contract
Power of attorney (if it is applicable)
Valid Trade license
Business Choice Special Savings Account
Valid Tenancy contract
Power of attorney (if it is applicable)
Valid Trade license
E-business Account
E-Trader license
How to open ADCB Business account in the UAE
To open a ADCB business account in the UAE, the applicants can:
Visit the nearest branch of the ADCB bank
Call 600 50 2030
SMS BCA (type of account) to 2626
Apply online
How to close ADCB Business account in the UAE
To close the ADCB Business account, the customer will have to submit a letter to the ADCB bank.
ADCB Business Account FAQs
Q1: What are the types of ADCB Business accounts in the UAE?
Ans: The types of ADCB business accounts are Business Choice Current Account- Silver, Business Choice Current Account- Gold, Business Choice Current Account- Platinum, Business Choice Special Savings Account and E-business account.
Q2: What is the fee for Business Choice Current Account- silver if the minimum monthly requirement is not met?
Ans: You will be charged AED 150 for the silver account if the minimum requirements are not met.
Q3: What is the fee for Business Choice Current Account- Gold if the minimum monthly requirement is not met?
Ans: You will be charged AED 200 for the silver account if the minimum requirements are not met.
Q4: What is the fee for Business Choice Current Account- Platinum if the minimum monthly requirement is not met?
Ans: You will be charged AED 300 for the silver account if the minimum requirements are not met.
Q5: Is there any fee with the e-business account or ADCB online business banking?
Ans: Yes, there is a yearly fee of AED 1800 for ADCB online business banking and it is collected upfront.
Q6: Can you state one unique feature of the ADCB business account in the UAE?
Ans: One of the unique features of the ADCB Business account is the Sweep facility. There are two types of Sweep facility- Sweep In and Sweep Out.
Q7: What is the Sweep In facility?
Ans: The Sweep In facility is the process through which you can use any of your ADCB bank account to provide funds for your ADCB Business account.
Q8: What is Sweep Out facility?
Ans: The Sweep Out Facility allows you to link your primary ADCB business account with your other ADCB account, which will benefit you with higher returns of your savings.
Q9: What is the local number to reach out to the customer support of the ADCB bank in the UAE?
Ans: You can contact the customer support of ADCB bank at 600 50 2030 in the UAE. You can reach them 24 X 7.
Q10: Is it necessary to be an existing customer of the bank to open an ADCB business account?
Ans: No, it is not really required to be an existing customer of the ADCB bank to open an ADCB business account. However, you can contact the customer support for further details.
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