Exactitude Business Services FZCO is an independent private consultancy, not a bank or government entity. Exactitude is not affiliated with, endorsed by or acting on behalf of Emirates NBD. Emirates NBD and its logo are trademarks of their owner. To open an account directly, visit the bank’s official website, emiratesnbd.com.
An Emirates NBD (ENBD) business account is a popular choice for UAE companies that want a large local bank with a wide branch network and strong digital banking. This guide covers ENBD’s current business packages, the minimum balance and monthly fees for each, who is eligible, the documents the bank usually asks for, and how Exactitude prepares your file and supports application preparation and bank introduction. If your company is not formed yet, start with our business setup services.
Emirates NBD (ENBD) Business Account Packages Explained
Emirates NBD groups its business current accounts into packages. Each package sets a minimum monthly average balance, a monthly fee or a fee if the balance drops, and a level of service. Smaller packages suit startups and sole establishments, while the higher tiers add a dedicated relationship manager and better pricing on transfers and trade services.
Business owners also get access to businessONLINE, ENBD’s online banking platform for local and international payments. Packages, fees and terms are set by the bank and can change, so always confirm them with Emirates NBD before you apply.
ENBD Business Account Minimum Balance and Fees
The figures below come from Emirates NBD’s business packages page (checked October 2026):
| Package | Minimum monthly average balance | Monthly maintenance fee | Monthly fee if balance falls below |
|---|---|---|---|
| Connect | None | AED 249 per month | None |
| Proprietor (sole establishments) | AED 50,000 | None | AED 250 |
| Prime | AED 50,000 | AED 99 per month | See note below |
| Preferred | AED 200,000 | None | AED 300 |
| Prestige | AED 500,000 | None | AED 750 |
| Platinum | AED 3,500,000 | None | AED 1,500 |
| Emirati Business (Emirati-owned only) | AED 25,000 | None | AED 150 |
For Prime, ENBD’s page shows two different fall-below fees in different sections, so confirm the current charge with the bank. Fees are subject to 5% VAT. Emirates NBD says new-to-bank Emirati Business customers get the fall-below fee waived for the first 6 months.
Initial Deposit and Fixed Deposits
According to Emirates NBD’s account opening FAQ, no initial deposit is needed to open a business account, but funds must be in the account within the first 30 days so you can start transacting. On the Connect package you also need enough funds to cover the monthly fee.
If your business has surplus cash, ENBD’s business Fixed Deposit Account needs a minimum deposit of AED 10,000 or the equivalent in other currencies, with terms from 7 days upwards. Call deposit accounts are also available in major currencies such as AED, USD and GBP.
Who Is Eligible for an Emirates NBD Business Account?
Emirates NBD says its business accounts are open to registered business entities in the UAE across trading, manufacturing, contracting, transportation, professional and service sectors, where at least one signatory is a UAE resident. Connect is aimed at startups and professional licences that want online-only banking, Proprietor is for sole establishments, and the Emirati Business package is only for businesses owned and run by Emiratis. If you live outside the UAE, read our guide to the ENBD account for non-residents.
Documents Emirates NBD Usually Asks For
Exactitude helps you gather and check these before anything goes to the bank:
- Valid trade licence or commercial licence
- Memorandum and Articles of Association, board resolution and any amendments, where applicable
- Emirates ID and passport copies of all shareholders and partners
- Tenancy contract as proof of the business address
- Ownership structure and power of attorney, where applicable
The bank may ask for more information, such as a business profile, expected transactions or source of funds, during its own review.
How Exactitude Helps You Open an ENBD Business Account
Exactitude helps you prepare a complete, consistent file and supports application preparation and bank introduction with Emirates NBD. The process usually runs like this:
- Package check: we compare your expected balance and transactions with ENBD’s packages so you choose the right one.
- Eligibility review: we confirm your licence, activity and signatories meet the bank’s criteria.
- Document preparation: we collect and check your company and shareholder documents.
- Business profile: we help you explain your activity, clients, suppliers and source of funds clearly.
- Bank introduction: we introduce your prepared application to the bank and help with any follow-up questions from the bank.
- Bank review: Emirates NBD completes its own KYC checks and may ask for more details or a meeting. The final decision is always the bank’s.
Speak to our corporate bank account opening team for a free consultation.
Pros of an Emirates NBD Business Account
- Choice of packages: from Connect, with no minimum balance, to Platinum for large businesses.
- Branch network and digital banking: branches across the UAE plus the businessONLINE platform.
- Debit card and cheque book: packages include a free Visa business debit card, and most include the first cheque book free.
- Room to grow: access to business loans, trade finance and cash management, subject to the bank’s approval.
- Relationship managers: a dedicated relationship manager on Preferred and higher packages.
Cons to Consider
- Monthly fee on Connect: no minimum balance, but AED 249 a month, with limited branch access and higher transaction fees.
- High balance thresholds: most packages need AED 50,000 or more, which can be a lot for a new business.
- Fall-below fees: AED 150 to AED 1,500 a month if your average balance drops below the package level.
- Resident signatory: at least one signatory must be a UAE resident.
Every UAE bank sets its own criteria, so the best fit depends on your ownership, activity and cash flow. You can compare options in our guides to the Mashreq business account and FAB business account.
Tips Before You Apply
- Choose a package whose average balance you can keep every month, to avoid fall-below fees.
- Make sure your licence activity matches the transactions you expect to run through the account.
- Keep shareholder IDs, visas and your tenancy contract valid and consistent across all documents.
- Prepare a short business profile with your main clients, suppliers and countries you deal with.
- Plan to fund the account within 30 days of opening.
Exactitude helps you keep things in order after opening too, with accounting and bookkeeping support.
Conclusion
An Emirates NBD business account gives UAE companies a choice between a no-balance package with a monthly fee and balance-based packages with more service as you grow. The right package depends on the balance you can maintain and the way you bank. Approval depends on Emirates NBD’s own checks, so a complete and consistent file matters. Book a free consultation with Exactitude to prepare your documents and arrange a bank introduction.
Frequently Asked Questions
What is the minimum balance for an Emirates NBD business account?
It depends on the package. Connect has no minimum balance but costs AED 249 a month. Proprietor and Prime need an average of AED 50,000, Preferred AED 200,000, Prestige AED 500,000 and Platinum AED 3,500,000. The Emirati Business package needs AED 25,000.
Do I need an initial deposit to open an ENBD business account?
Emirates NBD says no initial deposit is needed to open the account, but you must fund it within the first 30 days to start transacting.
What documents does Emirates NBD ask for?
Usually a valid trade licence, Memorandum and Articles of Association, a board resolution where applicable, Emirates ID and passport copies of all shareholders and partners, and a tenancy contract as address proof. The bank may ask for more during its review.
Can a free zone company open an Emirates NBD business account?
Registered UAE businesses can apply, including free zone companies, subject to the bank’s eligibility criteria and KYC checks. At least one signatory must be a UAE resident.
Which ENBD package suits a startup?
Connect is designed for startups and professional licences that want online banking without a minimum balance. If you can keep AED 50,000 on average, Prime or Proprietor may cost less overall.
Can Exactitude guarantee approval?
No. Emirates NBD makes its own decision after KYC and risk checks. Exactitude helps you prepare your documents and arranges the bank introduction.