RAKBANK Prepaid Cards

Discover the simplicity of financial management with RAKBANK Prepaid Cards — easily reload your card for free and enjoy instant access to your funds for transactions. You can stay in control of your expenses by conveniently tracking transactions through the bank’s dedicated app. Furthermore, the PIN security feature and the option to block your card provide peace of mind and ensure the security of your transactions.

Let’s find out more about RAKBANK Prepaid Cards and how they help you manage your finances effortlessly and securely.

Types of RAKBANK Prepaid Cards

As a traveller, you can seamlessly manage your finances on the go with your prepaid card from RAKBANK. You can reload your card for free and keep funds accessible for every situation. Furthermore, it is fairly easy to track your expenses and transactions and manage the card using the bank’s mobile application. 

Let’s now take a look at the two major types of RAK prepaid cards — 

Dual Currency Prepaid Card

Every time you travel abroad — whether for leisure or business — you can carry this UAE prepaid card. This way, you can avoid carrying huge stashes of cash and enjoy the benefits of low exchange rates on any currency. 

Here are some features and benefits of this RAKBANK travel prepaid card — 

• Competitive Exchange Rate – This prepaid card comes with a currency conversion fee of only 2%. 
• Safe and Secure – This RAK BANK prepaid card has in-built chip and PIN security to secure the card against any fraudulent activity. 
• Save on Fees – No fee is charged upon reloading the card. Additionally, you can enjoy free cash withdrawals. 
• Globally Accepted – A great benefit of this RAK Prepaid Card is that it works globally wherever Mastercard is accepted. You can use it for online shopping, booking flights, hotels, and sightseeing. 
  It's handy back home too, covering local purchases and bill payments.
• Family’s Financial Cushion – You can have up to 5 cards, allowing each family member to have their own if you're travelling separately. It's perfect for managing your children's pocket money or covering household expenses. 
  You can load each card with up to AED 50,000, which provides a convenient and sensible solution for various financial needs.
• Budgeting Gets Easy - With this RAKBANK prepaid card, you can easily track all your expenditures. 

Simply log into your online banking account and visit the ‘Manage Your Prepaid Card’ portal. You can look for how much you have spent (and on what), make a budget for your expenses, and even claim business expenses. 

Single Currency Prepaid Card

Travel worry-free with this RAKBANK prepaid card. You can enjoy the convenience of travelling without cash and enjoy the leverage of competitive currency exchange rates. 

Here are the major features and benefits of this prepaid card UAE —

• Efficient Currency Conversion – With just a 2% currency conversion fee, the single currency RAKBANK prepaid card offers a competitive exchange rate.
• Secure Transactions – The card comes with built-in chip and PIN security to safeguard against fraudulent activities.
• Cost Savings – You can reload the card without any fees and enjoy free cash withdrawals.
• Global Convenience – Accepted wherever Mastercard is welcomed, this card can be utilised for online shopping, travel bookings, and local purchases.
• Family-Friendly – With the option for up to 5 cards for each family, it's perfect for individual family members to manage allowances or household expenses under a generous limit of AED 50,000 per card.
• Simplified Budgeting – On accessing online banking and completing RAKBANK prepaid card login, you can easily monitor expenses, analyse spending patterns, and even claim business expenses through the ‘Manage Your Prepaid Card’ portal.

How to Check RAKBANK Prepaid Card Balance?

To check the balance of your RAK prepaid card, you can use 

• RAKBANK prepaid app
• RAKBANK official website 

If you choose the website route, click on ‘Log In’ on the official website and choose the ‘Manage Prepaid Cards’ option. 

Once logged in, you can easily check your prepaid card’s balance and access other services related to it.

Fees and Charges Associated with RAKBANK Prepaid Cards

Check out the table below for the fees and charges associated with RAKBANK prepaid cards —

Description	Amount
New Card Fee	AED 10
Card Personalisation Charge	AED 50
Sales Voucher Copy Fee	AED 65
Domestic Cash Withdrawal Fee from RAKBANK ATM	Free
Domestic Cash Withdrawal Fee from Non-RAKBANK ATM	AED 2
International Cash Withdrawal Fee	AED 10
Wallet-to-Wallet Transfer Fee	Free
Balance Unload Fee	AED 25
Maximum Daily Transaction Limit	AED 50,000
Maximum Balance Permitted on RAKBANK Prepaid Card	AED 50,000
Card Replacement Fee	AED 25
Balance Transfer Fee	AED 20
Inactivity Fee	AED 5
International Transaction Fee for Purchase in Non-AED Currency	2% of the transaction amount
International Transaction Fee for Purchase in AED Currency	1.35% of the transaction amount
Card Load Fee	Free
Courier Fee	AED 15
Maximum Daily Cash Withdrawal Limit	AED 9,000

Eligibility Criteria to Apply for Prepaid Cards from RAKBANK

Here are the eligibility criteria for RAKBANK prepaid cards —

• An accompanying legal guardian is required if the applicant should be at least 16 years old
• Nationality — UAE nationals or residents

Documents Required to Apply for RAKBANK Prepaid Cards

To apply for prepaid cards by RAKBANK, the following documents documents are usually required —

• Valid Emirates ID
• Valid Passport 

How Do I Get a Prepaid Bank Card from RAKBANK?

Here’s how you can get a RAKBANK prepaid card — 

• Download and install the official RAKBANK app on your mobile.
• Enter the specified personal and contact details.
• Provide the OTP as received on your mobile.
• Top up the card and follow the prompted instructions to have the card issued digitally.

Check out some frequently asked questions related to RAK BANK prepaid cards — 

Frequently Asked Questions