Whether for a short or long term, it makes sense to make your surplus business cash work for you. CBD Business Banking offers a choice of business savings and deposit accounts online that help customers to separate their surplus business funds from their day to day business finances and achieve a positive return. My Business Saving Account is available in AED and other currencies (USD, GBP, EURO, JPY, CNY )
Feature-rich business bank account
No account maintenance fees providing a minimum monthly balance of just AED 25,000 is maintained
Available in both Islamic Savings Account with competitive profit paid out rates
Profit are paid out semiannual basis based on Minimum Monthly Balance during the last 6 months
Choice of 6 account currency denominations
Branch-based client relationship management
Access to Business Banking Zones and fast track Business Banking tellers
Free online banking account enquiry service, with the option to upgrade to a comprehensive interactive online banking service
Free mobile banking service
Free SMS transaction alerts
Dedicated Business Banking call Centre
Dedicated self-service phone banking
Competitive rates on money transfers, remittances and foreign currency exchange
Preferential pricing on a range of additional business banking and insurance products and services
Optional WPS salary processing service
Access to website-based business advisory services and business planning toolkits through Resource Centre
Islami Savings & Deposits Accounts | Criteria |
---|---|
Annual Turnover | Applicable for all type of companies with annual sales turnover up to AED 250 Million |
List of charges | Requirements / Charges | |||
---|---|---|---|---|
Currency | AED, USD, GBP, EURO, JPY, CNY | |||
Minimum monthly average balance | AED 25,000 or equivalent in foreign currency | |||
Monthly Service charge for not maintaining average balance | AED 250 | |||
Standing Orders | Per Instruction | |||
Setup | AED 50 | |||
Execution | AED 15 | |||
Failure due to insufficient funds | AED 50 | |||
Amendment | AED 15 | |||
Remittances Incoming | Per Transaction | |||
Local within UAE | AED 1 | |||
International |
| |||
Remittances Outgoing | Per Transaction | |||
Manual | Electronic | |||
Local within UAE | AED 50 | AED 40 | ||
International outside UAE | AED 100 | AED 75 | ||
Within CBD Account to Account Transfer | AED 60 | Free | ||
Managers Cheques/Demand Draft | Manual | Electronic | ||
Managers Cheques - per cheque | AED 15 | AED 15 | ||
Demand Drafts - per cheque | AED 15 | AED 15 | ||
Stopped demand draft/managers cheque | AED 50 | AED 50 | ||
SMS Fees and Charges | ||||
Setup | 2 months free service from registration date | |||
Starting from third month | 5 messages free per month | |||
Above 5 messages | AED 0.20 per message | |||
Cash Deposit | ||||
Over the counter - Teller transactions* | AED 25 per transaction AED 250 per transaction for deposit transaction over AED 250,000 | |||
Through Cash Deposit Machine | Free | |||
Cash Withdrawal | ||||
Over the counter - Teller transactions | Up to 10 Free withdrawals per month. Each additional withdrawal AED 10 per transaction | |||
CBD ATM | Free | |||
CBD i-Business (Business Online Banking Services) | My Business Savings Account | |||
First time set up charges for enquiry only customer | Free | |||
Monthly service charge for enquiry only customer | Free | |||
First time set up charges for transactor customer | AED 400 | |||
Monthly service charge for transactor customer | AED 200 | |||
Hard Token charges | First 2 Tokens are free, each additional Token AED 100 | |||
Soft Token charges | First 2 Tokens are free, each additional Token AED 75 per Token | |||
Training support | First site visit is free AED 250 for subsequent visit for Dubai and Sharjah regions AED 400 for all other subsequent visit for all other regions |
All fees and charges mentioned are subject to change from time to time at the sole discretion of Commercial Bank of Dubai without prior notification. Charges for services not indicated in this List of Fees and Charges are available on request. Additional expenses, e.g. postage, cable, courier, fax, legal fees, etc. will be charged
Access your financial future from the palm of your hand.
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