Mbank · Business account
Mbank Business Account
Free digital business account from a CBUAE-licensed UAE bank — no minimum balance on the basic tier, onboarding through UAE Pass, with WPS payroll and business debit cards.
Is Mbank Business Account worth it?
- free-zone companies: Mbank Business Account onboards free-zone entities on its published criteria.
- startups watching fixed cost: Mbank Business Account asks for no minimum balance and no monthly fee — workable before revenue is steady.
Pricing
- Monthly fee
- AED 0
- Minimum balance
- AED 0
Eligibility
- Not suitable for
- companies needing an Abu Dhabi or Northern Emirates branch network — Mbank's footprint is narrow. Businesses wanting sophisticated cash management, FX dealing or trade finance
Business operations
- Approval time
- Same-day digital onboarding (UAE Pass)
- Free-zone companies
- Yes
Details
- Currencies
- AED only
- Included
- Free WPS payroll, business debit cards, overdraft and loan facilities
- Best for
- Startups and SMEs wanting a zero-balance licensed-bank account
How onboarding goes
- Application: Submit the request through the provider’s channel and upload documents
- Compliance review: KYC checks and document verification
- Decision: Typical timing: Same-day digital onboarding (UAE Pass)
- Go live: Access activated and the product is live
Documents you'll typically need
- Valid UAE trade licence (mainland or free zone)
- Memorandum and Articles of Association
- Passports and Emirates IDs of shareholders and authorised signatories
- UBO (ultimate beneficial owner) declaration
- Office tenancy contract, Ejari or flexi-desk agreement
- Recent invoices or contracts for new companies; 6–12 months of bank statements for operating businesses
Typical pack for this category — the provider confirms the exact list on application.
Basic business account free with no minimum balance per Mbank business-banking FAQ, Oct 2026; AED-denominated accounts only.
Verified answers
What does the Mbank Basic Business Banking account cost?
The Basic Business Banking account is free and carries no minimum-balance requirement, according to Mbank’s business-banking FAQ. Corporate Internet Banking access is included at no charge.
Source: mbank.ae · verified
Who is eligible for an Mbank business account?
Companies registered in the UAE with a valid trade licence — including free-zone companies and both new and established licence holders — can apply. Abu Dhabi licence holders can also open the account through the TAMM Investor Journey.
Source: mbank.ae · verified
Which currencies does an Mbank business account support?
AED only — Mbank’s FAQ states it currently offers AED-denominated business accounts.
Source: mbank.ae · verified
Does Mbank support WPS payroll and trade finance?
Yes — free Wage Protection System salary payments are available through Corporate Internet Banking, alongside overdrafts, business loans and fund transfers. Mbank issues Letters of Guarantee and lists Letters of Credit and Document Collection as upcoming.
Source: mbank.ae · verified
How do you deposit cash into an Mbank business account?
Mbank is a digital bank with a single Abu Dhabi office; cash deposits run through Multi-Function Kiosks (Mall of the Emirates, Capital Mall Abu Dhabi, and the Shakhbout Street head office) and more than 200 Al Ansari Exchange outlets across the UAE.
Source: mbank.ae · verified
Frequently asked questions
Is Mbank Business Account worth it for free-zone companies?
Yes — Mbank Business Account onboards free-zone entities on its published criteria.
Is Mbank Business Account worth it for startups watching fixed cost?
Yes — Mbank Business Account asks for no minimum balance and no monthly fee — workable before revenue is steady.