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Business Accounts
- What are Business Accounts?
Business Accounts are Current and Call Accounts for Small and Medium Enterprises packaged with specialised services to better manage your day to day business banking transactions.
- What are the benefits of the different Business Accounts?
Realising the varying needs of different businesses, we have developed three account packages tailor made to suit your specific business requirements: Click on the account type below.
Business Plus Account | Business Premium Account | Priority Banking Business Account.
- What do you mean by monthly average balance of Business Accounts?
The monthly average balance maintained across all your Current and Call accounts under the same customer master number.
- How much average balance is required to be maintained in the Business Accounts?
Minimum monthly average balance to be maintained across the three types of Business Accounts is as follows.
Business Plus Account – AED 25,000
Business Premium Account – AED 200,000
Priority Banking Business Account – AED 500,000
- What are the charges for not maintaining minimum monthly average balance for the three Accounts?
The charges applicable for the various Business Accounts are as follows:
Business Plus Account – AED 150 per month
Business Premium Account – AED 250 per month
Priority Banking Business Account – AED 500 per month
- From which account will the charges be recovered?
The charges will be recovered from the Current or Call Accounts held by the business.
- How can we change our Business Account type – upgrade or downgrade? Are there any charges to do so?
You can request for changing your Business Account type by applying for it through any of our branches. Currently there are no charges for upgrading or downgrading from one Business Account type to another. For more details on the service and charges please refer the Service and Price Guide.
- Can a Priority Banking Business Account holder avail of all the facilities offered by Priority Banking to an individual Priority account?
Yes, you can do so by maintaining the minimum average balance of USD 100,000 in your individual Priority Account.
If interested please call us on +971 (4) 313 8888 or
email at SME-Banking.UAE@ae.standardchartered.com
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