NBF Business Account: Open NBF Bank Business Account in UAE

NBF corporate banking offers four different types of accounts. These accounts are business account, Fixed Deposit Account, Call Account, and Corporate Current Account.

The business account of the NBF Bank is divided into 4 different packages, based on the minimum balance requirements. The available packages of the NBF business account are- Business Plus, Business Priority, Business Elite, and the Business Advantage.

Features & Benefits of NBF Business Account

The features and benefits of the NBF business account are given below in the table:

ACCOUNT	FEATURES AND BENEFITS	MINIMUM REQUIREMENTS
Business Account	A Debit card is free for the first year A Cheque Book of 50 leaves is free Teller transaction is free Access to major currencies	Business Plus- A minimum Balance of AED 25,000 per month Business Priority- A minimum Balance of AED 100,000 per month Business Elite- A minimum Balance of AED 300,000 per month Business Advantage- A minimum Balance of AED 500,000 per month
Call Account	Access to major currencies Facility for Standing Instruction Easy access to the funds Competitive interest	Minimum balance of AED 250,000 per month should be maintained
Corporate Current Account	Access to major currencies Benefits and services offered for maintaining the monthly balance Facility for Standing Instruction Remittance facility Access to the wide variety of products for loan Company Cheques Demand Draft and Banker’s cheques International and domestic payments Wages protection system Payroll services Service for Payroll Card Other payments for salary Delivery and collection of cash PDC warehousing	Minimum balance of AED 100,000 per month should be maintained
Fixed Deposit Account	Available in major currencies Competitive rate of interest Flexible dates available for maturity Roll-over facility Availability of Sweep facility	Not Specified

Features & Benefits of NBF Business Account

The features and benefits of the NBF business account are given below in the table:

ACCOUNT	FEATURES AND BENEFITS	MINIMUM REQUIREMENTS
Business Account	A Debit card is free for the first year A Cheque Book of 50 leaves is free Teller transaction is free Access to major currencies	Business Plus- A minimum Balance of AED 25,000 per month Business Priority- A minimum Balance of AED 100,000 per month Business Elite- A minimum Balance of AED 300,000 per month Business Advantage- A minimum Balance of AED 500,000 per month
Call Account	Access to major currencies Facility for Standing Instruction Easy access to the funds Competitive interest	Minimum balance of AED 250,000 per month should be maintained
Corporate Current Account	Access to major currencies Benefits and services offered for maintaining the monthly balance Facility for Standing Instruction Remittance facility Access to the wide variety of products for loan Company Cheques Demand Draft and Banker’s cheques International and domestic payments Wages protection system Payroll services Service for Payroll Card Other payments for salary Delivery and collection of cash PDC warehousing	Minimum balance of AED 100,000 per month should be maintained
Fixed Deposit Account	Available in major currencies Competitive rate of interest Flexible dates available for maturity Roll-over facility Availability of Sweep facility	Not Specified

How to Open an NBF Business Account in the UAE?

To open a business account with the NBF Bank, the applicant should visit the nearest branch of the bank.

How to Close an NBF Business Account in the UAE?

To close the business account with the NBF Bank, the customer should also visit the nearest branch of the bank.

NBF Business Account FAQs

The fall below fee of the NBF Call Account is AED 250.

Ans: The fall below fee of the NBF Business Account is given below:

Business Plus- AED 250
Business Priority- AED 350
Business Elite- AED 400
Business Advantage- AED 500

The fall below fee of the NBF Corporate Current Account is AED 250.

The number of free Cheque Books differ with every package of the NBF Business Account.

Business Plus- 1 Cheque Book (50 leaves) is free
Business Priority- 2 Cheque Book (50 leaves) is free
Business Elite- 3 Cheque Book (50 leaves) is free
Business Advantage- 5 Cheque Book (50 leaves) is free

The number of free transactions with the NBF Business Account is given below:

Business Plus- every local transaction will be charged
Business Priority- 2 local transactions are free
Business Elite- 2 local transactions are free
Business Advantage- 5 local transactions are free

The Remote Cheque Scanner is free for the Business Advantage package.

The Remote Cheque Collect Service for the Business Advantage package is charged AED 500.

The NBF Direct is free for all the NBF Business Account packages.

Yes, the NBF Business Account Debit Card has an annual fee. While the Debit card is free for the first year, it does have an annual fee for the subsequent years. Following are the fees for the subsequent years:

Business Plus- AED 150
Business Priority- AED 150
Business Elite- AED 150
Business Advantage- Free for life

The charges for FCY payments in local or international transactions with the NBF Business Account are as follows:

Account	Manual transaction	Electronic transaction
Business Plus	AED 75 / per transaction	AED 50 / per transaction
Business Priority	AED 65 / per transaction	AED 45 / per transaction
Business Elite	AED 50 / per transaction	AED 45 / per transaction
Business Advantage	AED 40 / per transaction	AED 30 / per transaction