RAKBANK Extends ‘RAKselect’ Service

To Offer Value to a Wider Customers Segment

17/10/2017 13:14 AST

In its strive for added customer convenience and banking simplicity, RAKBANK recently upgraded its RAKselect service across Conventional and Islamic Banking. With a strong focus on providing convenient services to the different customer segments, the Bank is extending RAKselect service to a wider customer segment by offering them access to a more customized banking experience with new benefits and privileges.

RAKselect has been made available to customers who are earning a monthly income of AED 20,000 and above. All RAKselect customers will automatically start earning interest on their RAKselect accounts. Customers can also use the RAKselect banking areas across all the Bank’s branches. Preferential treatment at Teller counters, preferential tariff on select banking services and access to Personal Financial Consultants (PFC) who will assist them with their investment and insurance needs, will all be available to these customers. In addition, the limit on withdrawals has been enhanced to AED 20,000 and AED 50,000 on customers’ RAKselect Debit Cards on ATM withdrawals and retail spends respectively. Customers can also apply for the Bank’s newly launched ‘High Fliers’ Credit Card or any of RAKBANK Conventional or Islamic Credit Cards based on income and eligibility*. Additionally customers who meet certain Asset and Investment thresholds will also be qualified for RAKselect.

“RAKBANK prioritizes convenience in the customer’s banking experience. We are committed to offering our customers the highest possible standards of service with a full range of benefits and exclusive banking services that keep pace with their lifestyle,” said RAKBANK CEO Peter England. “We are pleased to announce the significant upgrade of RAKselect service to accommodate our customers’ needs,” added England.

Press Release