UAE Business Bank Account

[Checkmelater]

Hello, I've just received a message from my bank (CBD Bank) stating that the monthly service fees will increase to 2500 AED from the current 250 AED starting from December 1, 2023. That's a 900% increase! It's just outrageous!

Which bank do you recommend for a free zone company opened with IFZA and a flexi desk? I'm involved in e-commerce and receive my funds via Stripe.
Thanks!

 

[Clank]

Mashreqneobiz.

You will need a tenancy contract for your business or personal proof of address.

Last edited: Oct 17, 2023

 

[Checkmelater]

Jbb1 said:
Mashreqneobiz.

You will need a tenancy contract or personal proof of address.
Click to expand...

What's are the fees / month ? And can I have high volume like few millions AED / year ?

 

[Clank]

Checkmelater said:
What's are the fees / month ? And can I have high volume like few millions AED / year ?
Click to expand...

High volume is fine.

https://www.mashreqneobiz.com/en/https://www.mashreqneobiz.com/-/jssmedia/pdfs/neobiz/NEOBiz_SOC.ashx

 

[Checkmelater]

Jbb1 said:
High volume is fine.

https://www.mashreqneobiz.com/en/https://www.mashreqneobiz.com/-/jssmedia/pdfs/neobiz/NEOBiz_SOC.ashx
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Thank you

 

[uranium]

Checkmelater said:
Hello, I've just received a message from my bank (CBD Bank) stating that the monthly service fees will increase to 2500 AED from the current 250 AED starting from December 1, 2023. That's a 900% increase! It's just outrageous!

Which bank do you recommend for a free zone company opened with IFZA and a flexi desk? I'm involved in e-commerce and receive my funds via Stripe.
Thanks!
Click to expand...

Unbelievable amount 2500aed ???
Is it vip/gold business account or what?
I wonder what is the reason behind this huge increase

 

[Checkmelater]

uranium said:
Unbelievable amount 2500aed ???
Is it vip/gold business account or what?
I wonder what is the reason behind this huge increase
Click to expand...

It's the basic account bro I don't understand they are crazy

 

[uranium]

Checkmelater said:
It's the basic account bro I don't understand they are crazy
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Their loss
Most banks in UAE charge 200 aed per month for business account

 

[5K1PP3R]

any other alternatives for FZCO? I don't have an office, only unit lease agreement with IFZA Property in Dubai Silicon Oasis

 

[Checkmelater]

5K1PP3R said:
any other alternatives for FZCO? I don't have an office, only unit lease agreement with IFZA Property in Dubai Silicon Oasis
Click to expand...

Try Wio business I opened with them in 3 days easily and love it. 99 AED / month

 

[AlicaFunk]

Checkmelater said:
Try Wio business I opened with them in 3 days easily and love it. 99 AED / month
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what documents you had to provide to them ?

 

[Checkmelater]

AlicaFunk said:
what documents you had to provide to them ?
Click to expand...

Emirates ID / Proof residence and adress flexidesk / passeport shareholders / turnover / licence / MOA / Authorised signatories and establishment card that's it

I also opened Wio personal account with them. I love the virtual card, when I purchase something online I always generate a new one and I blocked it after payment.

 

[Zikki]

+1 for Wio and saving rate are not bad at all in personal account.

 

[csp dubai]

in my experiece is getting very difficult to open an account, and. even more difficult to keep it open, the complaince is getting form bad to worse , and minimum 2 mounths to open account if you not corrupt anyone
in the case you want to pay 15000 aed to some intrucer than it will be fast

 

[csp dubai]

i suggest watch this video