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Banque Misr

Bank account opening

Banque Misr account in the UAE: Smart Business, current and call accounts

Banque Misr was founded in 1920 as the first bank with entirely Egyptian capital; it has worked in the UAE for more than 40 years and has five branches in Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah. UAE companies get Smart Business or a current account from AED 25,000; non-resident and offshore companies get a call account with no minimum balance.

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AED 25,000
Average balance on Smart Business and the current account
AED 0
Call account with no minimum balance — for non-resident and offshore companies too
6 currencies
Current account: AED, USD, EUR, GBP, SAR, CNY
5 branches
Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah

Other banks in the UAE

Emirates NBDEmirates IslamicAbu Dhabi Islamic Bank (ADIB)Dubai Islamic Bank (DIB)United Bank Limited (UBL)MashreqRAKBANK
All banks in the UAE

In short

Banque Misr opens Smart Business or current accounts for UAE companies with an average balance from AED 25,000, and a call account with no minimum balance for non-resident and offshore companies. Its five branches are in Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah.

Checked 4 November 2026 · Elizaveta Germash

Cost of a mistake

4 bounced cheques

Four bounced cheques within a year are enough for the bank to close the company’s account and report it to the Central Bank.

How to avoid it

Three company accounts — chosen by the company’s status

Banque Misr opens Smart Business or a current account for UAE companies — mainland or free zone — and only a call account for non-resident and offshore companies. After that, the choice depends on currencies, balance and whether you need a card and a chequebook.

  • Smart Business — with interest

    An AED or USD account for UAE companies: balance from AED 25,000, up to 0.25% a year on the balance, unlimited teller transactions, first chequebook free.

  • Current — in six currencies

    AED, USD, EUR, GBP, SAR and CNY; balance — AED 25,000, maintenance — AED 10 a month. Chequebook and debit card — on the AED account.

  • Call account — for non-residents

    For non-resident and offshore companies: no minimum balance, nine currencies and online banking, but no chequebook or card.

  • Personal accounts — for non-residents too

    Saving and Super Saver are opened for non-residents on a passport — in AED only, with a debit card. Super Saver has no minimum balance, Saving requires AED 3,000.

Expert tip

The bank opens a call account with no minimum balance for UAE companies too — if they need no card, no chequebook and no interest on the balance.
Elizaveta GermashElizaveta GermashLawyer · Bank accounts

Bank dossier

Banque Misr in the UAE: terms, tariffs and restrictions

Banque Misr

Banque Misr

Egyptian bank, in the UAE for more than 40 years · 5 branches

  • UAE companies — from AED 25,000
  • Call account for non-residents
  • Up to 9 currencies
  • Up to 0.25% on the balance
Status
Branch of a foreign bank licensed by the UAE Central Bank; in the UAE since 1972, and since 2007 the branches have been wholly owned by Banque Misr
Branches
Abu Dhabi, Deira and Business Bay in Dubai, Sharjah, Ras Al Khaimah
Open to
Smart Business and current — UAE companies; call account — also non-resident and offshore companies
Currencies
Up to 9: AED, USD, EUR, GBP, CHF, JPY, CNY, SAR, CAD — on the call account
Opening
Application and documents — through the bank; no online opening for companies
Online banking
BM Online for companies — on all three accounts
Card and cheques
On the AED account; the bank decides whether to issue a card; none on the call account
For business
Letters of credit, guarantees, overdrafts, short-term loans; for UAE companies — a loan against a deposit of up to AED 50 million

Terms and tariffs — per the KFS for legal entities (V3.06.2025), the business schedule of charges from 1 September 2026, the KFS for individuals and banquemisr.ae pages; the proposed rule — Federal Register 2026-17871 (91 FR 56085). Checked on 18 October 2026. Business tariffs exclude 5% VAT. The bank decides whether to open the account.

Who it suits

Who it suits — and when to choose something else

A good fit if

  1. 01The company is registered in the UAE — mainland or free zone — and can keep from AED 25,000.
  2. 02You want interest on an operating account: Smart Business pays up to 0.25% a year in AED.
  3. 03You need accounts in SAR or CNY alongside AED, USD, EUR and GBP.
  4. 04The company is non-resident or offshore and needs a call account with no minimum balance.
  5. 05You will need letters of credit and guarantees — the bank offers trade finance.
  6. 06This is the company’s second bank — for currencies, interest on the balance or a branch in Ras Al Khaimah.

Consider something else if

  1. 01A non-resident company needs a chequebook and a card — they are not issued on a call account.
  2. 02You need to open the account online: the Banque Misr website only has a call-back request.Mashreq
  3. 03There is no company yet: the current account and Smart Business are for UAE companies only.Mainland

Business accounts

Smart Business, current or call account

Three Banque Misr company accounts side by side. Amounts follow the bank’s schedule of charges from 1 September 2026, excluding 5% VAT; the bank decides whether to open the account.

Open to

UAE companies: mainland and free zone

Average balance

AED 25,000

AED 200 a month if it falls short

Currencies

AED, USD

Chequebook and card

Yes, in AED

first chequebook free, card — AED 100

Benefits

What you get

An account that matches the company’s status

A UAE resident company — Smart Business or a current account; a non-resident or offshore company — a call account. We settle this before applying so the application doesn’t have to be redone.

Currencies that match your settlements

If you need SAR or CNY — the current account; if interest on an AED or USD balance matters — Smart Business.

Documents from the bank’s list

Licence, articles, certificate of incorporation, share certificate, board resolution or power of attorney, passports, visas and Emirates ID — as listed in the Banque Misr KFS.

Interest — in numbers

We calculate what a Smart Business balance earns at the bank’s rates: up to AED 10,000 — 0%, from AED 200,000 to 5 million — 0.25% a year in AED.

A budget with no surprises

AED 150 to open, AED 35 a month for online banking plus AED 15 per user, AED 100 for a card — we add everything up before you apply.

Review progress in the client portal

Bank requests, documents and stages are in the client portal. You can see whose move it is.

Let’s discuss the details

Which Banque Misr account suits your company?

Tell us where the company is registered, the currencies you need and the expected balance — we will pick a Banque Misr account and work out the costs.

Process

7 steps from the first conversation to the result

Every step is visible in the client portal: what’s happening now and whether we need anything from you.

Steps on your side: 3 of 7

We handle it · 3Needed from you · 3Bank · 1

  1. Where the company is registered, whether it is resident, and which currencies and turnover to expect.

Documents

What to prepare for Banque Misr

Information

Documents

Ready

0 / 10

The list follows the Banque Misr KFS; these are the basic documents, and the bank may ask for more. Documents not in English or Arabic need a translation.

Timing and budget

What makes up the budget

A Banque Misr company account means an opening fee, a balance in the account, online banking and transfers. Amounts follow the bank’s schedule of charges from 1 September 2026, excluding 5% VAT; indicative as of October 2026, the bank has the final say.

  • Account openingDepends onAED 150 — for any of the three accounts: Smart Business, current or call account.WhenOn opening
  • Minimum balanceDepends onSmart Business and the current account — AED 25,000 or the equivalent in another currency, AED 200 a month if the balance falls short. Call account — no minimum balance.WhenMonthly
  • Account maintenanceDepends onCurrent account — AED 10 a month; Smart Business and the call account — free.WhenMonthly
  • BM Online bankingDepends onAED 35 a month per company and AED 15 a month per user.WhenMonthly
  • TransfersDepends onOnline: within the UAE in AED — AED 10, abroad or in a foreign currency — AED 40; at a branch — AED 75 and AED 150. If the sender pays the charges — the option: +AED 100 for AED sent abroad, +AED 120 for a foreign-currency transfer. Incoming — free.WhenPer transaction
  • Card and chequebooksDepends onDebit card — AED 100 to issue, currency conversion — 1.70%. Smart Business — first chequebook free; current account — AED 2 per leaf.WhenOn issue
  • Closing within the first 6 monthsDepends onAED 100 or the equivalent in another currency.WhenOn closing
  • File preparation and supportDepends onOur work: profile review, choice of account, document set, application and replies to the bank’s requests.WhenAt the start of work

Getting it right

Common mistakes — and how to avoid them

Click a card to see how to do it right · 0 of 5 open

  1. 01 What people often do

    Applying for a current account for a non-resident or offshore company.

  2. 02 What people often do

    Expecting a card and a chequebook on a call account.

  3. 03 What people often do

    Opening the account and funding it “later”.

  4. 04 What people often do

    Expecting interest on any company account.

  5. 05 What people often do

    Not updating passports, visas and contact details with the bank.

FAQ

Expert answers

Elizaveta Germash — Bank accounts

Smart Business and the current account — companies registered in the UAE, mainland and free zone. The call account — also non-resident companies, including offshore ones. The bank decides on each company.

Elizaveta Germash · Bank accounts

Sources

  1. Banque Misr UAE — about the bank
  2. Banque Misr UAE — branches and ATMs
  3. Banque Misr UAE — Smart Business account
  4. Banque Misr UAE — Business Schedule of Charges (from 1 September 2026)
  5. Banque Misr UAE — Key Facts Statement for non-individual accounts
  6. Banque Misr UAE — business account opening terms
  7. Banque Misr — Joint Statement No. 1 of the CBE and the CBUAE
  8. Federal Register — FinCEN proposed special measure regarding Banque Misr UAE

Deadlines, amounts and rules are based on these sources as of the check date. Rules change: check with us before deciding.

Often goes with this

What else you may need

Bank Accounts

UBL

An account without travelling to the UAE: UBL opens accounts for companies and individuals remotely, through us.

Bank Accounts

Mashreq

An account online: NEO BIZ with a 10-minute application — if the company has a UAE resident and its owners are individuals.

Company Registration

Mainland

A mainland company: with it, Smart Business and the Banque Misr current account are available, not just the call account.

Next step

Is Banque Misr right for you?

Tell us where the company is registered and which currencies it pays in. We will say which Banque Misr account fits and what to prepare for the application.

Elizaveta GermashElizaveta GermashLawyer · Bank accounts
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