Provider profile
Mbank
Raqma's read on Mbank
Raqma's read on Summarised from catalogue fields — not a paid placement.
- Products tracked
- 1 across 1 category (Business accounts)
- Licence status
- UAE Central Bank — licensed
- Public rating
- Apple App Store (AE): 4.5/5 · 12,016 reviews — snapshot 2026-10-23 (source)
- Lowest monthly fee
- AED 0 — Mbank Business Account
- Free-zone acceptance
- 1 of 1 products accept free-zone licences
- Last reviewed
In short: Mbank has a focused offer in the UAE business accounts space, with published fees from AED 0/mo. Licensing on record: UAE Central Bank — licensed.
Is Mbank right for you?
Fit read from catalogue fields — not a recommendation, confirm terms with the provider.
- UAE SMEs
- Partial fit 1 product tracked across 1 category
- E-commerce merchants
- Limited No payment-gateway products tracked
- Free-zone companies
- Strong fit 1 of 1 products accept free-zone licences
- Import-export businesses
- Limited No cross-border products tracked
- Startups needing corporate banking
- Partial fit Approval details not yet verified
Strengths and watch-outs
Aggregated across the tracked Mbank catalogue — exact terms are on each product page.
Where Mbank stands out
- No monthly fee
- No minimum balance
- Accepts free-zone licences
Licensing
- UAE Central Bank — licensed — CBUAE-licensed bank (Al Maryah Community Bank LLC).
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
Facts & sources
Every fact we publish links back to the page it was verified on. Product-level terms (fees, limits, eligibility) are on each product page.
- Mbank Business Account — verified
- mbank.ae · mbank.ae · mbank.ae
Mbank products
Frequently asked questions
Is Mbank licensed in the UAE?
Yes — our catalogue records Mbank as holding UAE Central Bank — licensed. Always confirm the current licence scope on the regulator’s register before applying.
What Mbank products can I compare here?
We track 1 Mbank product: Mbank Business Account. Each entry shows the published fees, requirements and approval details.
How do I apply for Mbank?
Raqma is a comparison service — we do not process applications. Review the products on this page, then continue to Mbank’s own onboarding through the outbound links.