The Benefits of Choosing CBD Bank for Your Financial Needs

The Benefits of Choosing CBD Bank for Your Financial Needs

CBD Bank

Service

Fee (AED)

Notes

Account Opening

Free

For most accounts (current, savings, etc.)

Monthly Maintenance Fee

Free / Up to 25 AED

Based on minimum balance requirement

Minimum Balance Requirement

0 - 3,000 AED

Varies based on account type (savings, current, etc.)

ATM Withdrawal (CBD ATM)

Free

No fee for withdrawals from CBD ATMs

ATM Withdrawal (Other UAE ATMs)

2 AED - 6 AED

Charge varies depending on the ATM provider

International ATM Withdrawal

20 AED - 25 AED

Charges may apply depending on the country and ATM network used

Cheque Book Issuance

First Free / 25 AED (extra)

Free for the first cheque book (charges may apply for subsequent ones)

Debit Card Replacement

25 AED

Fee for lost or damaged cards

Credit Card Annual Fee

150 - 1,500 AED

Based on the type of credit card (some credit cards are free for life)

Late Payment Fee (Credit Card)

230 AED

Fee for late credit card payments

Personal Loan Processing Fee

1% of loan amount (Min 500 AED)

One-time fee for processing personal loans

Foreign Currency Transaction Fee

2.75% - 3.5%

Applies to transactions made in foreign currency

In this fast-paced world, if someone wants to manage his finances then it is good for him to avail the bank services. Commercial Bank of Dubai is one of the leading banks which provides an extensive range of banking services in the UAE. It was founded in 1969 and has a strong reputation among customers due to its financial solutions. Moreover, its headquarters is located in Dubai. The dedication of CBD Bank to customer service and innovation sets it apart from others in this vibrant country. In this detailed blog, we will discuss services, account openings, and the branches of CBD Bank.

Must Read: Everything You Need to Know About Mashreq Bank With Great Dubai

Services Offered by CBD Bank

Corporate Banking

If you choose Commercial Bank of Dubai Bank then you can easily avail of services like trade finance and corporate loans. Furthermore, this trusted bank also allows you to avail business current accounts with benefits like overdraft facilities.

Personal Banking

CBD Bank provides an extensive range of savings and current accounts that cater to various needs of customers. In this reputable bank, you can avail the option of various home loan solutions and personal project loans. Moreover, you can also experience credit cards that offer cashback and travel rewards.

Digital Banking

If you choose Commercial Bank of Dubai, you can easily access services like online banking and mobile banking. Moreover, it is safe and allows you to transfer money, pay bills, and more from home.

Must Read: How to Easily Check Your FAB Bank Balance Online!

Branches of CBD Bank in the UAE

Branch Name

Location

Operating Hours

Head Office

CBD Building, Sheikh Zayed Road, Dubai

8:00 AM - 3:00 PM (Sunday - Thursday)

Al Maktoum Branch

Al Maktoum Street, Deira, Dubai

8:00 AM - 2:00 PM (Sunday - Thursday)

Bur Dubai Branch

Khalid Bin Al Waleed Road, Bur Dubai

8:00 AM - 2:00 PM (Sunday - Thursday)

Jebel Ali Branch

Jebel Ali Free Zone, Dubai

8:00 AM - 2:00 PM (Sunday - Thursday)

Sharjah Branch

King Faisal Road, Sharjah

8:00 AM - 2:00 PM (Sunday - Thursday)

Abu Dhabi Branch

Hamdan Street, Abu Dhabi

8:00 AM - 2:00 PM (Sunday - Thursday)

Ras Al Khaimah Branch

Al Nakheel, Ras Al Khaimah

8:00 AM - 2:00 PM (Sunday - Thursday)

How to Create an Account with CBD Bank

In the UAE, if you are willing to create an account with CBD Bank you can use different methods. Furthermore, methods like online and visiting a branch are easier options in this vibrant country.

Choose the Right Account Type

Firstly, you have to choose the type of account that you are aiming to create with CBD Bank. In this country, normally Islamic and Business accounts are the top choices among customers.

Prepare the Required Documents

It is important for you to prepare all required documents to start the account opening process at CBD Bank. Moreover, you must have documents like an Emirates ID, Valid Passport, Proof of Address, and salary certificate.

Visit a Branch or Apply Online

To open an account, you have to visit the CBD Bank branch with your documents. Moreover, for this purpose, you can also visit the official website or use the mobile app of CBD Bank. 

Submit Your Documents

After visiting the branch or accessing the website, you have to provide or upload all required documents to create an account.

Initial Deposit

Some accounts at CBD Bank may require an initial deposit. So, it is good to deposit some amount that is important to open a selected account.

Activate Your Account

At last, when your account is created then remember to receive your debit card and link your account with the CBD Mobile Banking App.

Tips for Maximizing Your CBD Bank Experience

Utilize  Digital Banking Services

Always prefer to use the Mobile app and online banking of CBD Bank as it is a comfortable and easier way.

Activate SMS and Email Alerts

It is vital to set up SMS and Email alerts as they are beneficial for you to stay informed about crucial updates.