National Bank of Fujairah Business Account in the UAE

How this bank fits a business

Which NBF account fits

• Emerging Starter: no minimum balance, a fixed AED 200 a month, for businesses with a new trade licence; valid for 12 months, then an upgrade is required. Emerging Basic: AED 20,000 average balance, AED 150 a month, AED 125 if below. Both cost AED 500 to close within 6 months and can be held in AED, USD, EUR or GBP.
• Business Banking Value accounts: no minimum balance and no fall-below charge, priced by a monthly membership fee of AED 250 (Essential), AED 375 (Preferred), AED 750 (Executive) or AED 1,500 (Prime). Local AED transfers are free on all four; international transfers cost AED 25 or AED 20 on Essential and Preferred, while Executive and Prime include 40 or 50 a month. Free cheque books rise from 2 to 5 a year and the teller fee falls from AED 35 to AED 20.
• Business Account Package: no monthly fee, priced by balance: Plus AED 25,000 (AED 250 if below), Priority AED 100,000 (AED 350), Elite AED 300,000 (AED 400), Advantage AED 500,000 (AED 500).
• Classic Current Account LITE (AED 10,000, AED 150 a month) suits free zone companies without an office, and Business Elham has no minimum but is for Emirati-owned businesses. NBF fees are before 5% VAT.

NBF documents disagree on a few points we show rather than resolve: an older March 2024 Value account statement still in its download centre shows no membership fee; the Value account page mentions a foreign currency account while the fact sheets say AED only; and for Emerging Starter the page says a licence issued within 24 months, the fact sheet within 1 year.

Who can open it

UAE-registered businesses with a valid trade licence that pass NBF's KYC and beneficial ownership checks; sole proprietorships are covered. Free zone companies are named for the LITE account. Rules for offshore companies, non-resident owners and turnover are not published.

How opening works and how long it takes

You can open online through NBF Edge without visiting a branch, at a branch, or by calling 600565551. NBF states that the account is opened within 3 business days of complete documentation, and you have 5 business days after signing to cancel.

Since 13 September 2026 a Central Bank of the UAE regulation for SME customers requires banks to complete account opening within three business days for applicants assessed as low risk, counted from the full set of documents, and caps other delays at two weeks; banks may not charge a closing fee once an account has been open for six months.

Sources, checked 3 October 2026: NBF Business Banking Value account KFS; NBF Emerging Business account KFS; NBF Business Account Package KFS; NBF business accounts; NBF Edge; CBUAE SME customer protection regulation (C 2/2026).