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03/2013Service & Price GuideAccount Services MINIMUM RELATIONSHIP BALANCE* Business Plus 100 Business Essentials Business Saver Account International Trade Account (Minimum Throughput)**AED 25,000
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What is minimum relationship balance?
Minimum relationship balance refers to the minimum amount of funds that a customer is required to maintain in their bank account to maintain a certain level of relationship with the bank.
Who is required to file minimum relationship balance?
Individuals and businesses who have a banking relationship with a financial institution are required to maintain a minimum relationship balance.
How to fill out minimum relationship balance?
To fill out minimum relationship balance, customers need to ensure that they maintain the required minimum amount of funds in their bank account at all times.
What is the purpose of minimum relationship balance?
The purpose of minimum relationship balance is to demonstrate the customer's commitment and financial stability, which helps the bank in assessing the customer's eligibility for certain banking services and benefits.
What information must be reported on minimum relationship balance?
The minimum relationship balance is based on the total amount of funds in the customer's bank account. This information is reported to the financial institution to meet the requirements set by the bank.
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