# All You Need to Know About Emirates NBD Business Accounts

Emirates NBD is one of the biggest banking groups in the Middle East, offering business banking solutions for solo entrepreneurs, startups, SMEs, and large corporations.

For business banking, Emirates NBD offers six main account products:

- Connect Account
- Proprietor Account
- Prime Account
- Preferred Account
- Prestige Account
- Platinum Account

## 1. Connect Account

The Connect Account is best suited for startups, freelancers, and small businesses looking for a digital-first, low-hassle business account.

### Key Features

- No minimum monthly average balance is required.
- No fee is charged for not maintaining a minimum monthly average balance.
- Monthly maintenance fee: AED 216.45.
- No additional charges for digital banking.
- One free cheque book is provided; from the second cheque book onwards, AED 52.50 is charged per cheque book.
- Local AED fund transfers within the UAE are free online.
- Local AED fund transfers through branches cost AED 52.50.
- International or local fund transfers in non-AED currency cost:
  - AED 36.75 through online banking
  - AED 78.80 through branches
- No relationship manager is assigned.

## 2. Proprietor Account

The Proprietor Account is best suited for freelancers, solo entrepreneurs, sole proprietors, and new startups with simple banking needs.

### Key Features

- Minimum monthly average balance required: AED 50,000.
- Fee for not maintaining the minimum monthly average balance: AED 262.50.
- No monthly maintenance fee.
- No additional charges for digital banking.
- One free cheque book is provided; from the second cheque book onwards, AED 26.30 is charged per cheque book.
- Local AED fund transfers within the UAE are free online.
- Local AED fund transfers through branches cost AED 52.50.
- International or local fund transfers in non-AED currency cost:
  - Free through online banking
  - AED 78.75 through branches
- Relationship manager assistance is available.

## 3. Prime Account

The Prime Account is best suited for small and growing businesses that need more transactions and basic trade support.

### Key Features

- Minimum monthly average balance required: AED 50,000.
- Fee for not maintaining the minimum monthly average balance: AED 157.50.
- Monthly maintenance fee: AED 103.95.
- No additional charges for digital banking.
- One free cheque book is provided; from the second cheque book onwards, AED 26.30 is charged per cheque book.
- Local AED fund transfers within the UAE are free online.
- Local AED fund transfers through branches cost AED 52.50.
- International or local fund transfers in non-AED currency cost:
  - AED 52.50 through online banking
  - AED 78.80 through branches
- Relationship manager assistance is available.

## 4. Preferred Account

The Preferred Account is best suited for established SMEs with regular inward and outward payments and trade activity.

### Key Features

- Minimum monthly average balance required: AED 200,000.
- Fee for not maintaining the minimum monthly average balance: AED 315 per month.
- No monthly maintenance fee.
- No additional charges for digital banking.
- One free cheque book is provided; from the second cheque book onwards, AED 26.30 is charged per cheque book.
- Local AED fund transfers within the UAE are free online.
- Local AED fund transfers through branches cost AED 52.50.
- International or local fund transfers in non-AED currency cost:
  - AED 52.50 through online banking
  - AED 78.80 through branches
- Relationship manager assistance is available.

## 5. Prestige Account

The Prestige Account is best suited for medium-sized businesses that need priority support, higher cash volumes, and custom solutions.

### Key Features

- Minimum monthly average balance required: AED 500,000.
- Fee for not maintaining the minimum monthly average balance: AED 787.50 per month.
- No monthly maintenance fee.
- No additional charges for digital banking.
- Cheque books are provided free of cost.
- Local AED fund transfers within the UAE are free online.
- Local AED fund transfers through branches cost AED 52.50.
- International or local fund transfers in non-AED currency cost:
  - AED 42 through online banking
  - AED 78.80 through branches
- Relationship manager assistance is available.

## 6. Platinum Account

The Platinum Account is best suited for large corporates, high-turnover businesses, and companies involved in frequent cross-border trading.

### Key Features

- Minimum monthly average balance required: AED 3,500,000.
- Fee for not maintaining the minimum monthly average balance: AED 1,575 per month.
- No monthly maintenance fee.
- No additional charges for digital banking.
- Cheque books are provided free of cost.
- Local AED fund transfers within the UAE are available at no additional cost.
- International or local fund transfers in non-AED currency cost:
  - AED 31.50 through online banking
  - AED 78.80 through branches
- Relationship manager assistance is available.

## Choosing the Right Emirates NBD Business Account

Whether you are a startup opening your first business account or an established company looking for smarter cash management, Emirates NBD offers business accounts designed for different business needs, sizes, and transaction requirements.

The right account may also depend on your company’s legal structure and business activity.

## How BCL Globiz Can Help

BCL Globiz provides one-stop support for businesses in the UAE, including accounting, VAT filings, and corporate tax return filings.

For further inquiries, contact the BCL Globiz team at punith@bclglobiz.com.