Commercial Bank of Dubai (CBD)
Commercial Bank of Dubai (CBD) is a stalwart corporate and commercial banking partner founded in 1969. Through its iBusiness suite, CBD delivers agile transaction banking to UAE businesses.
✓ In-person meeting required✓ Currencies: AED, USD, EUR, GBP✓ KYC Difficulty: Medium
Onboarding Turnaround
10–20 business days
Minimum Balance
25,000 AED
KYC Approval
86%
Setup
In-person
Fee Structure & Tariff Schedule
Monthly Maintenance Fee AED 0 with balance over AED 25,000; otherwise AED 150
Minimum Monthly Balance 25,000 AED
Fall-Below Balance Penalty 150 AED/мес
Outgoing International Wire (SWIFT) 30 AED
Domestic UAE Wire (Local Transfer) 2 AED
Required Application Documents
Official mandatory documentation suite needed to successfully pass AML/KYC underwriting:
- ✓ Valid Trade License and constitutional MOA
- ✓ Emirates IDs and passports of all signatories and shareholders
- ✓ Tenancy contract (Ejari or free zone facility lease)
- ✓ 6 months bank statements of shareholders or parent company
- ✓ Counterparty contracts and operational trade proofs
Pros & Limitations
✓ Advantages
- + Balanced combination of traditional reliability and reasonable deposit criteria
- + Strong historical grounding in Dubai trade ecosystems
- + Straightforward iBusiness digital corporate interface
⚠ Limitations
- − Branch visit required to execute legal mandate and verify IDs
- − Typical onboarding cycle takes 2 to 3 weeks
Advisory Verdict
A dependable mid-tier banking alternative with friendlier balance requirements and approachable commercial staff.
Direct Onboarding
Open Account with CBD
Our compliance officers will conduct a full preliminary audit before submitting your application to eliminate refusal risks.
Timeline: 10–20 days
Min Balance: 25,000 AED
Currencies: AED, USD, EUR, GBP
Response time: under 3 minutes
Recommended Business Types
- • Dubai retail and fast-moving consumer goods (FMCG) traders
- • Dubai free zone companies (IFZA, DAFZA, JAFZA, DMCC)
- • Mid-size companies looking for flexible commercial credit and overdraft lines
Alternative Banks to Consider
Other CBUAE-regulated corporate banking alternatives with similar profiles: