How to open a bank account in Ajman Bank

GSL reference about the bank What is it?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

Beginning of cooperation

February, 2019

Last contact

June, 2022

Last update

September, 2020

Key information and main requirements:
- the bank is headquartered in Ajman, with branches all over the UAE;
- the bank opens savings (deposit) and business accounts;
- the bank only opens accounts to local companies: LLC, Free Zone Company, UAE offshore companies; personal accounts for residents and non-residents;
- the account opening timeframe - case by case (please ask your consultant);
- the minimum balance of account is AED 25 000* (~USD 6 806) for companies and AED 3 000(~USD 817) for personal accounts;
- the beneficial owner must visit the UAE for account opening;
- USD payments are possible;
- the bank issues bank cards;
- pre-approval procedure: a positive answer means that the account is most likely to be opened;
- the fee for transfer is AED 80 * (~USD 21);
- the account maintenance fee is charged if the account drops below the minimum balance and is AED 25 (~USD 7) per month;
- online banking in English

* These fees are indicative and may vary depending on the banking package chosen by the client

Beginning of cooperation
February, 2019
Last contact
June, 2022
Last update
September, 2020
Your Consultant
Поиск консультанта...

Поиск консультанта...

General information and rating

Not rated
Global rating
Not rated
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
2007
History
Founded in 2007. Bank shares were listed on the Dubai Financial Market in 2008. Two branches of the bank were officially opened in Ajman in 2009. The bank now has branches and ATMs throughout the UAE. Its headquarters are located in Ajman
Personnel
The staff speak English
Bank’s shareholders
25% is owned by the Ajman government, other founding shareholders include leading financial institutions and individuals from the UAE. Bank’s shares are listed on the Dubai Financial Market
Confidentiality
AML legislation is strictly observed
Compare banks

    Minimum requirements

    6 100
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    6 100
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Minimum balance, €
    The minimum balance of account is AED 25 000 (~EUR 6 100) for companies and AED 3 000 (~EUR 732) for personal accounts
    Transactions permitted per month
    There are no restrictions on the number of transactions
    Initial deposit of funds, €
    The initial deposit equals the minimum balance
    Deadline for the initial deposit, month
    The initial deposit is made at the time of opening the account
    How fast payments are executed
    The payments are executed same day

    Tariffs and services

    20
    Outcoming transfer, €
    0
    Incoming transfer, €
    0
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The fee for transfer is AED 80
    Incoming transfer, €
    No fees are charged on incoming transfers
    Account maintenance, €/year
    The account maintenance fee is charged if the account drops below the minimum balance and is AED 25
    Distant access to the account
    Online banking in English
    Financial products
    The bank offers a wide range of banking and financial services, including bank accounts for corporate and individual clients, private banking, asset management, investments, and loans
    Credit/debit cards
    Both credit and debit cards are available

    Account opening procedure

    Days to open for incoming transfers
    case by case
    Days to open for outcoming transfers
    case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    The beneficial owner must visit the country for account opening
    Required
    For a corporate account: completed bank questionnaires for the company and owner; bank statements from the company account for the last 6 months (if the company is new, then bank statements from the owner’s other company account); copies of existing contracts with partners; office lease contract, cash flow chart, ownership structure chart, etc.

    For a personal account: proof of identity (passport); proof of address (not older than 3 months); Resident Visa; CV; bank reference letter + bank statements for the last 6 months.

    The list is not exhaustive. The bank may request any other documents and information.
    Types of accounts
    Personal; Corporate; Savings; Current
    Chances to open an account
    Predictable
    Need a consultation from a specialist?
    Share on social media:

    Add a comment

    By clicking the «Send» button, you agree to the processing of personal data in accordance with the terms of our privacy policy

    RU EN