Whether you are a resident or a business alike, Banks play a crucial role in managing your finances in the UAE. CBD Bank is one of the prominent financial institutions which offers a wide range of innovative banking solutions. It was established in 1969 and provides customer-centric financial solutions. Moreover, the commitment of CBD Bank to innovation and top services sets it apart from other banks in this country. In this blog, we will briefly discuss services, the account opening process, and the branches of CBD Bank.
|
Account Type |
Account Opening Fee | Monthly Maintenance Fee | Minimum Balance Requirement |
Overdraft Charges |
|
Savings Account |
AED 0 | AED 0 (if minimum balance maintained) | AED 3,000 – AED 5,000 |
AED 200 – AED 300 per day |
|
Current Account |
AED 0 | AED 30 | AED 3,000 – AED 5,000 |
AED 200 – AED 300 per day |
|
Fixed Deposit Account |
AED 0 | AED 0 | Varies (depends on deposit amount) |
N/A |
|
Business Account |
AED 0 | AED 50 – AED 100 | AED 10,000 – AED 25,000 |
AED 200 – AED 300 per day |
Services Offered by CBD Bank
Digital Banking
If you choose CBD Bank it allows you to use platforms like Mobile App and online portal that cater to your banking needs. Moreover, the bank also offers a wide network of ATMs that allow you to access services like cash withdrawal and balance checks.
Islamic Banking
CBD Bank provides various Al Islami savings accounts that are interest-free and align with Islamic principles. In this well-known bank, you can avail the option of financing solutions like Murabaha and Mudarabah. Moreover, you can also experience Shariah-compliant investment solutions with the Commercial Bank of Dubai.
CBD Bank Branches in the UAE
|
City |
Branch | Operating Hours |
Key Features |
|
Dubai |
Head Office | CBD Bank timing from Sun to Thu is 8 AM to 3 PM |
Full banking services, Corporate Services |
|
Dubai |
Deira Branch | CBD Bank timing from Sun to Thu is 8 AM to 3 PM |
Personal banking, ATM facilities |
|
Dubai |
Bur Dubai Branch | CBD Bank timing from Sun to Thu is 8 AM to 3 PM |
Personal banking, Loans, ATM facilities |
|
Sharjah |
Sharjah Branch | CBD Bank timing from Sun to Thu is 8 AM to 3 PM |
Retail banking, Cash deposit services |
|
Abu Dhabi |
Abu Dhabi Branch | CBD Bank timing from Sun to Thu is 8 AM to 3 PM |
Personal and corporate banking |
|
Al Ain |
Al Ain Branch | CBD Bank timing from Sun to Thu is 8 AM to 3 PM |
Personal banking, Business accounts |
CBD Bank: How to Open Your Account Effortlessly
Branch Visit
If you want to create an account with CBD Bank then visiting their physical branch is the straightforward method.
Find the CBD Bank Branch: For account creation purposes, you need to locate the nearest CBD Bank branch in the UAE. Furthermore, for this purpose, you can use the Bank’s website and here you can also check operating hours.
Prepare the Required Documents: Before visiting the branch, you need to collect the original documents like Emirates ID and proof of your income. Moreover, Proof of Address and a valid passport with a residency visa are essential to open an account in CBD Bank.
Meet with a Bank Representative: After collecting your documents you have to visit the bank branch and ask the representative that you want to open an account.
Choose Account Type: After that, discuss with a representative and then select the account type you wish to create with CBD Bank. In this prominent bank, the most common options of accounts among customers are Savings, Fixed Deposit, and Business.
Complete the Account Opening Forms: After choosing the type of account, take the form from the representative and fill it out by providing your details. Moreover, you need to provide the information like correct Name, business details, contact information, and date of birth.
Submit Application: After providing your contact information, you have to submit the required documents and account opening application form to the officer.
Verification Process: After this, CBD Bank will review your information and also verify your identity. Furthermore, when your application is approved, you need to deposit the required minimum balance.
Receive Account Details: After funding, you will receive the account number IBAN and debit card from CBD Bank.
Activate Your Account: At last, when your account is approved, you can easily activate online banking or mobile app services.
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FAQs
Q. Which documents are essential to create an account with CBD Bank in the UAE?
If you are willing to create an account with CBD Bank then upload your Emirates ID, passport, Income Proof, and proof of Address.
Q. What is the minimum balance requirement for a CBD Bank account for customers?
It depends on the type of account for the savings account the minimum balance required is AED 3,000 to 5,000.
Q. Tell me the reason why it is important to create an account with the CBD Bank?
If you create an account with CBD Bank, you can access services like wealth management, insurance and protection services, and more.
