Al Maryah Community Bank (Mbank), the leading digital bank in the United Arab Emirates, has announced that it has signed a cooperation agreement with Ras Al Khaimah Economic Zone (RAKEZ).

According to Amac News: Mbank's announcement states that the purpose of this agreement is to simplify and facilitate the account opening process for businesses that establish themselves in RAKEZ through Mbank's fully integrated digital platform.
According to the announcement, all types of companies operating in the RAKEZ business community can open a fully digital business account through Mbank's corporate platform in six simple steps, in less than 48 hours, with zero minimum balance and zero monthly fees.
RAKEZ is a leading commercial powerhouse and industrial hub in the UAE, providing customizable solutions to over 23,000 free and non-free zone businesses.
From freelancers and startups to SMEs and artisans, RAKEZ's multinational business community has flourished across more than 50 sectors.
When RAKEZ-registered companies open their corporate accounts through Mbank's corporate platform, they automatically access a range of offers including current and savings accounts, online/mobile banking, Wage Protection System (WPS), overdrafts, loans, They will have access to commercial financing.
In addition, business owners can benefit from Mbank's advanced digital connectivity service, whereby they can communicate with Mbank's customer service representatives via secure live video calls for assistance, without the need to visit a branch in person. to be