Bank profile · Local conventional bank · 2026
RAKBANK: UAE Bank Profile (2026)
Updated September 2026 · CBUAE register verified methodology
RAKBANK (National Bank of Ras Al Khaimah) is known as one of the most expat-friendly banks for personal loans, cards and SME banking.
- Type
- Local conventional bank
- Headquarters
- Ras Al Khaimah
- Founded
- 1976
- SWIFT/BIC
- NRAKAEAK
Overview
About RAKBANK
RAKBANK historically serves small business and the mass retail segment, with a reputation for flexible lending criteria compared with tier-one banks.
It is also among the banks that have opened savings accounts for non-residents — current terms should be confirmed before applying.
RAKBANK is a good fit if you need:
- ✓ Personal loans with flexible criteria
- ✓ SME banking
- ✓ Non-resident savings options (confirm terms)
Products
What RAKBANK offers
- Personal loans
- Credit cards
- Mortgages
- Car loans
- Current accounts
- Savings accounts
- Term deposits
- Business & SME banking
- Private banking & wealth
- International transfers
Product line-ups change; confirm the current offer on the bank's website before applying. We deliberately don't publish rates and fees here — they change too often to be evergreen.
Process
How to open an account
-
Pick the product and check the eligibility criteria on the bank's website
-
Apply online or book a branch appointment
-
Pass KYC and submit the document pack
-
Get approval and receive your cards and online-banking credentials
Document pack
- Passport (and Emirates ID, or proof that the residence visa is in process)
- Salary certificate or employment contract — for salaried applicants
- Trade licence and corporate documents — for business owners
- Proof of address in the UAE (e.g., Ejari or a utility bill)
- 3–6 months of bank statements if the bank's policy requires it
Timeline depends on the bank's compliance review; salary-transfer applicants are usually approved faster.
Key facts
RAKBANK — key facts
| Type | Local conventional bank |
|---|---|
| Headquarters | Ras Al Khaimah |
| Founded | 1976 — National Bank of Ras Al Khaimah |
| Ownership | — |
| SWIFT/BIC | NRAKAEAK |
| Website | rakbank.ae |
| Head office | Al Nakheel, Ras Al Khaimah |
Location
Where to find RAKBANK
Head office: Al Nakheel, Ras Al Khaimah
Branch networks and visitor access change — confirm the address and opening hours on the bank's website before you go. The map searches the bank's head office by name; verify the pin before travelling.
FAQ
RAKBANK — FAQ
What kind of bank is RAKBANK?
RAKBANK is a local conventional bank in the UAE. Founded in 1976 (National Bank of Ras Al Khaimah); headquartered in Ras Al Khaimah.
What is the SWIFT code of RAKBANK?
The SWIFT/BIC code of RAKBANK for international transfers is NRAKAEAK. Always confirm the code with the bank itself before sending a payment.
What products does RAKBANK offer in the UAE?
RAKBANK's product line-up in the UAE includes Personal loans, Credit cards, Mortgages, Car loans, Current accounts, Savings accounts, Term deposits, Business & SME banking, Private banking & wealth and International transfers.
How do I open an account with RAKBANK?
As a local conventional bank, RAKBANK opens accounts this way: Pick the product and check the eligibility criteria on the bank's website → Apply online or book a branch appointment → Pass KYC and submit the document pack → Get approval and receive your cards and online-banking credentials. The basic document pack: Passport (and Emirates ID, or proof that the residence visa is in process), Salary certificate or employment contract, Trade licence and corporate documents. Timeline depends on the bank's compliance review; salary-transfer applicants are usually approved faster.
Is RAKBANK an Islamic bank?
No. RAKBANK is a conventional bank that works with interest-based products.
Choosing between banks?
We match your profile (residency, salary structure, business) to the banks that actually approve it — and prepare the KYC pack to the bank's standard.