Zand Bank PJSC · corporate account
Zand Corporate
UAE's first all-digital bank — corporate-grade accounts with API banking. Expensive floor: AED 250,000 monthly average or AED 500 + VAT/mo.
Is Zand Corporate worth it?
- free-zone companies: Zand Corporate onboards free-zone entities on its published criteria.
- startups watching fixed cost: Zand Corporate requires a AED 250,000 minimum balance — heavy for an early-stage company.
- founders outside the UAE: Zand Corporate onboards fully remotely — no branch visit required.
- import-export businesses: Zand Corporate lists only AED, USD — narrow for import-export flows.
Pricing
- Monthly fee
- AED 500
- Minimum balance
- AED 250,000
Eligibility
- Not suitable for
- businesses that cannot keep AED 250,000 parked — that minimum balance is the real entry price. Early free-zone companies and bootstrapped founders sit better on a zero-balance account first
Business operations
- Approval time
- 1–2 weeks
- Free-zone companies
- Yes
- Branch visit
- Not required
- Multi-currency
- AED, USD
- Trade finance
- Yes
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: 1–2 weeks
- 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.
Not for you if…
- You cannot hold the required AED 250,000 minimum balance.
- You want near-zero fixed cost — this runs AED 500/month.
Fees & Charges: minimum monthly average balance AED 250,000 — below that AED 500 + VAT/mo. Local outward transfer AED 5 + CBUAE charges; international outward AED 55 equivalent + correspondent charges. Per Zand fees schedule, verified Oct 2026.
Verified answers
What is the Zand corporate account minimum balance?
Zand’s Business Banking Schedule of Charges lists two plans: Business Essential has no minimum average monthly balance and costs AED 210 per month; Business Plus requires a AED 20,000 monthly average balance with no subscription fee, and charges AED 367.50 when the balance is not maintained. Account opening is free; closure within six months costs AED 105.
Source: zand.ae · verified
What do Zand transfers cost?
Local inward transfers are free and local outward transfers cost AED 2.10. Foreign-currency inward transfers cost AED 10.50; SWIFT outward transfers carry no Zand fee for amounts above USD 5,000 (correspondent bank charges and T&Cs apply). WPS salary payments cost AED 2.10 per record, and a payment tracer on request costs AED 78.75.
Source: zand.ae · verified
Head-to-head
Frequently asked questions
Is Zand Corporate worth it for free-zone companies?
Yes — Zand Corporate onboards free-zone entities on its published criteria.
Is Zand Corporate worth it for startups watching fixed cost?
No — Zand Corporate requires a AED 250,000 minimum balance — heavy for an early-stage company.
Is Zand Corporate worth it for founders outside the UAE?
Yes — Zand Corporate onboards fully remotely — no branch visit required.