RAKBANK Statement in UAE

RAKBANK or the National Bank of Ras Al Khaimah is a public joint stock institution and one of the oldest and most renowned banks in the UAE. With excellent offerings such as RAKBANK current accounts, RAKBANK savings accounts, and more, you can easily go with this bank if you’re looking for bank accounts in the UAE.

As a RAKBANK bank account holder, you must be aware of your RAKBANK statement, what it contains, and the different ways through which you can access your bank account statement. Bank statements are essential documents that can help you understand your account, spending, and others better.

In the article below, we will go through the options that you can use to get your RAKBANK bank statement, the details covered in your bank account statement, and more.

What’s Covered in RAKBANK Bank Account Statements?

Bank statements are pretty useful for having a summary of all the transactions that take place in your account during a certain period of time. Whether you hold a RAKBANK savings account or a current account, you can receive a bank statement each month.

With your RAKBANK statement, you can see the amount of money debited or credited to your account over the statement’s period. This can help you get a clear picture of your finances. It also gives you an overview of any hidden charges and interest that may apply to your balance amount.

Bank account statements in the UAE usually include information such as your account number, account type, your contact details, bank’s contact information, transactions, balance, and other details. You can also get to know your opening and closing balances for the period through your bank statement.

How to Get RAKBANK Statements via Online Banking?

With RAKBANK online banking, you can conveniently access bank-related services - the same extends to getting bank account statements via online banking. All you have to do is open the net banking page of the RAKBANK and follow the steps given below -

• Visit the official RAKBANK website and head to the online banking page. 
• If you are not a registered customer, you can register for net banking by creating a user ID and password. In case you are already registered, you can simply log in by using your login credentials.
• Once done, tap on your profile and locate the option for RAKBANK bank account statements. You will also find the option for e-statements.
• You can then simply choose the option to register for e-statements. 
• After you complete the specified steps, you will be registered for the statements, which will be sent to your registered mail address.

How to Get RAKBANK Statements via Mobile Banking?

Getting a RAKBANK statement via mobile banking requires downloading the RAKBANK app from Apple App Store or Google Play Store. Once done, you can follow the given steps -

• Open the RAKBANK app and select the ‘Register’ or ‘Login’ option as per your sign-in status.
• If you are not registered, make sure to register using your account number, credit card, or debit card number, and PIN.
• After entering details, you will have to perform the two-step verification process to start with mobile banking.
• You can log in using your username and password if you are already registered.
• Once done, you can easily register for e-statements. For this, locate the relevant option in the menu and follow the prompted steps. 

How to Get RAKBANK Statements via WhatsApp?

RAKBANK doesn’t provide an e-statement facility via WhatsApp currently. However, you can connect with the RAKdirect representatives by dialling 042130000 and know more about your RAKBANK statements.

Benefits of RAK Bank Statement

The key benefits of RAK Bank statements are mentioned below: 

• Helps in financial tracking by providing a comprehensive detail of all the transactions with dates and descriptions
• You can easily create a budget by tracking your income and expenses. It will help you understand the spending patterns and enable you to make adjustments and maintain your budget accordingly
• Regular checking of the account statement identifies the fraudulent activities on your account. With this, you can safeguard your RAK Bank account
• With the RAK Bank statement, you can catch the errors or discrepancies early and take action instantly
• This gives you transparent information related to the RAK bank account and allows individuals and businesses to build a future goal

Key Considerations While Checking RAK Bank Account Statement

There are several things that you should keep in mind while checking your RAK Bank statement, and some of them are as follows: 

• Check your account statement regularly to identify fraudulent activities
• Use a strong password to protect your account from theft
• Keep your online banking credentials confidential
• Keep a copy of your RAKBANK statement on your laptop/computer or cloud storage to access it anytime
• Log in to your online banking on safe browsers and your computer
• Consider setting up notification alerts on your registered email ID and phone number to get instant alerts of transactions and fee deductions

 

 

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Frequently Asked Questions