Overview
Mbank, at a glance.
Mbank is a bank headquartered in the United Arab Emirates, regulated by Central Bank of the UAE. The business account has no monthly fee. Opening an account takes 3–5 days.
Al Maryah Community Bank L.L.C. (Mbank) is a licensed bank in the UAE, regulated by the Central Bank of the UAE.
Why businesses pick Mbank
- No monthly fee, no minimum balance and no fall-below charge
- Digital opening for UAE mainland and free-zone companies
- Instant local transfers (IPI) up to AED 50,000 from AED 0.525
- WPS payroll included: free within Mbank, AED 3.15 to other banks
- Accepts sole proprietorships and partnerships
Watch out for
- AED accounts only
- No international transfer fees published for the business account
- Card spending in other currencies costs 3% plus VAT and Mastercard charges
- Transfers at a branch counter cost AED 52.50
- Trustpilot score of 1.6 from 44 reviews
Business fit
Will Mbank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Mbank's published rules
Likely no
Mbank does not list United Kingdom among the countries where it accepts companies.
Mbank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Mbank publishes about the businesses it takes on.
Who Mbank serves
- Startups and SMEs
- Professional services
- Financial institutions
Not supported
Industries and countries Mbank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Mbank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
AED only
- AED
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United Arab Emirates
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Companies with a valid UAE trade licence, including free-zone companies, Partnerships, Sole proprietorships
Pricing
What does Mbank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
Free
Basic Business Account
AED 0 per month
AED 0 setup · AED 0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SWIFT / international | Not published | |
| Local transfer to another bank | AED 0.525 | Fixed fee · Instant (IPI) up to AED 50,000, SHA; free with BEN, AED 1.05 with OUR; UAE FTS from AED 2.63 |
| To another Mbank account | Free | No charge · Within Mbank, in the app or online; AED 52.50 at a branch counter |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | AED 26.25 | Fixed fee |
| Card FX | 3% | Percentage of the amount · Plus VAT and Mastercard charges |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply online
Abu Dhabi licence holders start through TAMM; other UAE licence holders use Mbank's Open Account form.
- 2
Documents
Upload the trade licence, MOA, certificate of incorporation, board resolution and shareholders' Emirates IDs and passports.
- 3
Checks
Mbank reviews the company and its shareholders.
- 4
Account live
Once approved you receive corporate internet-banking access.
Documents you need
Not published
FAQ
Your questions, answered.
Is Mbank a bank?
Yes. Al Maryah Community Bank L.L.C., trading as Mbank, is a licensed bank in the UAE, regulated by the Central Bank of the UAE, licence 01.01.07.062.2021.01. It is not the Polish mBank.
How much does the Mbank business account cost?
The Basic Business Account has no monthly fee, no minimum balance and no fall-below charge. Instant transfers to other UAE banks cost from AED 0.525 and the business debit card AED 26.25.
Which currencies does Mbank offer?
AED only: Mbank's business FAQ says it currently offers only AED-denominated accounts.
Who can open an Mbank business account?
Companies registered in the UAE with a valid trade licence, including free-zone companies, as well as partnerships and sole proprietorships.
Alternatives
How Mbank compares.
If Mbank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 MbankThis pageBank |  | Business accountNo minimum balance |
 Wio BankBank | | Digital bank7 currencies |
 RuyaIslamic bank | | Islamic bankingNo minimum balance |
 Zand BankBank | | Digital bank5 currencies |
 RAKBANKBank | | SME banking4 currencies |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.