Rakbank, which is also known as the Ras Al Khaimah National Bank (P.S.C), is a government joint venture company. The Bank was founded in 1976 and has undergone a significant transition from corporate banking to personal and business banking in 2001.
Today, the Bank offers a broad range of services for personal and business banking in its 36 branches, including mobile and online banking solutions. It also provides personal and business banking services in accordance with Sharia law, via its Islamic Banking Group, RAK islamic. The Bank offers Islamic wholesale and traditional, commercial banking and small business services through a network of 36 branches and 296 ATMs in the UAE.
Banking Products & Services
Rakbank offers a wide range of banking products & services like Credit Cards, Bank Accounts, Personal Loans, Home Loans, Business Loans, Islamic banking, Wholesale Banking etc. Explore all the Rakbank Products and Services here:
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Rakbank Online Banking Registration
Once you’ve opened your bank account with Rakbank, you can proceed for self-registration for internet banking. Before registering, keep the account number, Debit/ Credit card number and registered mobile number
Steps to register for Mashreq Bank Internet banking
You’ve logged into your account, now you can access the online banking features
Rakbank Online Banking Reset password
Rakbank Internet banking provides a lot of banking services online to its customers anytime, anywhere. In case you forgot the password you can quickly reset it online. Before resetting the password, keep the account number, Debit/ Credit card number and registered mobile number.
On the homepage, click on digital banking and select personal
It will redirect you to the login page, click on “forgot password”
Enter your account number or debit/ credit card to reset your password
Follow the further steps and reset your Password
Kudos!! Your password can be reset now and you can log in using the new password.
Note: Don’t share your bank passwords, PINs with anyone
Popular Products & Services
Rakbank provides different types of financial products in the UAE and other regions. The flagship products include Credit Cards, Loans, Bank Accounts, Wholesale Banking, Islamic Banking, etc. Here are the popular financial products:
Rakbank offers various credit cards for different purposes to suit everyone’s needs. There are different types of Credit cards available like RAKBANK Titanium Credit Card, RAKBANK World MasterCard Credit Card, etc. You can even enjoy the different benefits like RAK rewards, Zero Annual Fees, cashback on movies, dining, travel insurance, complimentary stays, etc and many more.
Loans & Mortgages:
Rakbank provides attractive loan options for expatriates and UAE nationals. There are different Loans available at Rakbank like Personal Loans, Home Loans, Car Loans, Business Loans, etc. It provides Collateral free loans, Competitive rates of interest and simple eligibility requirements with minimum salary required is AED 5,000.
Various types of bank accounts serve unique needs. It’s wise to put money into the best account, and use the right tools to spend and save, depending on your goals. Rakbank provides different Bank Accounts according to your requirements like Savings Accounts, Current Accounts, Islamic Accounts, etc.
Credit Card Offers
RAKBank offers various rewards, discounts, deals, and promotions on shopping, dining, travel, hotels, entertainment, education, health, and wellness, etc.
Best over all Islamic Bank
Islamic Finance News
Best Bank in the UAE
Best Overall bank in customer experience in the GCC
The Rakbank credit shield is the invaluable insurance benefit that covers your credit card outstanding balance. To enroll for a credit shield you call on Rakbank customer care service.
⭐ Does Rakbank offer prepaid cards?
Yes. Rakbank offers a Travel prepaid cards which helps you to travel without hassles of exchanging currencies.
⭐ Is there any duplicate statement fee?
Yes, for each statement AED 45 (before last statement) is charged.
⭐ Is there any Card replacement fee charged by RAKBANK?
Yes, Card replacement fee from RAKBANK is AED 75.
⭐ How to use the Rakbank iban generator?
Visit Rakbank IBAN generator page > Enter your 13 digit Rakbank account number and click submit> Validate the IBAN once it is generated.
Latest Updates About Rakbank
RAKBANK becomes first bank to adopt UAE Pass registration services across all branches
25 February 2020
UAE Pass registration- A National Digital Identity and Digital Signature solution for the UAE has been implemented by RAKBANK across all its 36 branches. Now RAKBank customers can complete their registration to UAE Pass seamlessly and securely in just a few simple clicks.
RAKBANK is launching a much-awaited digital community platform called ‘ SMEsouk ‘ for SMEs in the UAE
06 November 2019
The Bank partnered with reputable entities to help create a digital community platform that delivers an entire spectrum of Financial services and non-banking value-added services specifically for SME’s SMEsouk is the perfect digital medium that links SMEs with a list of innovative solutions that will help their businesses thrive.
RAKBANK honors the Department of Criminal Investigation (CID) and the Raffa Police Station for their assistance throughout the year
11 September 2019
RAKBANK was given the honor of inviting officials of the Criminal Investigation and Raffa Police Station to accept awards and appreciation for their constant support and critical assistance to the bank to combat fraud, financial-laundering, and cybercrime under the patronage of HE engineer Sheik Salem al-Qassimi, member of RAKBANK’s board and Chairman of RAK Civil Aviation Department’s.
Best Islamic Bank in the Middle East,’ and ‘Best Islamic Bank in the UAE.
ADIB targets ‘Digital Branches’ to attract tech-savvy customers – 26 January 2020
ADIB targets ‘digital branches’ to attract tech-savvy customers. Until now, 75 of its 87 branches have been reconfigured by Abu Dhabi Islamic Bank.
ADIB creates next-generation banking services at the new innovation center “ADIB Simple Lab” – 30 October 2019
The leading financial institution, Abu Dhabi Islamic Bank (ADIB), has established a new innovation center, known as “ADIB Simple Lab,” with the aim that banks should be simple, friendly and convenient for customers, to create and invest in new technologies.
ADIB launched “Express Finance” service for Mobile Banking Users – 14 June 2019
ADIB launched an “Express Finance” service for its mobile banking users. With the help of “Express Finance”, customers can apply for personal finance instantly using their mobile and get funds on the same day.