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RAKBANK vs Zand Bank: what each publishes

As of October 17, 2026, we hold no rule from RAKBANK or Zand Bank on the 7 industries we track; below, side by side: where each takes companies from, its fees, its terms on closing accounts and its licence.

RAKBANKCBUAEZand BankCentral Bank of the UAE

Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.

Where it takes companies from

RAKBANK

Its own list of countries, quoted below with its source and date

Zand Bank

The regions its own documents name, read on October 9, 2026

Policy by industry

RAKBANK and Zand Bank: published policy by industry
IndustryRAKBANKZand Bank
CryptoNo published ruleNo published rule
iGamingNo published ruleNo published rule
AdultNo published ruleNo published rule
Unlicensed financial servicesNo published ruleNo published rule
AI and SaaSNo published ruleNo published rule
Forex and CFDNo published ruleNo published rule
MarketplaceNo published ruleNo published rule

Where owners must live

RAKBANK

No published rule

Zand Bank

No published rule

Rules about countries

RAKBANK

Other requirements: … Any company with a valid trade licence to operate within the UAE

RAKBANK · Takes companies registered in · · Source

United Arab Emirates

Zand Bank

No published rule

Fees

RAKBANK

No fee we could verify

Zand Bank

Zand Bank: published fees
PlanAccount openingMonthlyChecked
Corporate accountFree to open ('Account Opening Free')No monthly fee stated; minimum monthly average balance AED 250k, and a fee of AED 500 + VAT when the balance is lower ('If less than AED 250k a fee of AED 500 + VAT') · Source

Closing an account

RAKBANK

Subject to any Additional Terms and Applicable Law, any Service may be closed, suspended or discontinued, in whole or in part, temporarily or permanently at any time, for any reason and except for Third Party Services, we will give you the required notice regarding any such closure, suspension or termination of Service.

Notice before closing · · Source

Account closed or frozen? What RAKBANK’s terms say

Zand Bank

We hold no quote from its terms on notice before closing.

Account closed or frozen? What Zand Bank’s terms say

Licence

LicenseeRAKBANKZand Bank
LicenseeThe National Bank of Ras Al Khaimah (RAKBANK), on the CBUAE register as National Bank of R.A.K P.J.S.C · bank licensed by the Central Bank of the UAE (register number 01.01.01.032.1976.06)Zand Bank PJSC · bank licensed by the Central Bank of the UAE (30 June 2022, CBUAE register 01.01.01.064.2022.02)
RegulatorCBUAE · Central Bank of the UAE ·