Cash Hub Account

An innovative current account that allows the collection of monies from maturities, disinvestments and dividends and facilitates seamless and transparent payment of advice fees to your professional adviser.

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  • You have the choice to include your professional adviser as a signatory on the Account if you wish. This enables the seamless payment of fees to a schedule pre-agreed by all parties.
  • No annual or monthly account fees.
  • Duplicate statements can be provided to your professional adviser where required, for easy management of your cash portfolio.
  • Unlimited free day-to-day transactions every month.
  • A contactless Visa Debit Card is available – a quick and secure method of buying goods and services at home and abroad.
  • Minimum opening balance of Dhs2,500 with interest paid on balances of Dhs2,500 and above.

Eligibility

Apply via your fca regulated adviser (IFA).

Please note that we will not open the account without the correct value of deposit being received and will write to you to request the correct value of deposit if it is not supplied with your application.

Account holders must be 18 or older.

Up to two joint account holders.

All Diamond Microfinance current accounts are subject to status.

This account is subject to availability and may be withdrawn from sale at any time without notice.

More information

  • Open an account in three to five days, with no appointment needed.
  • The account can be managed by phone or by post.
  • Day-to-day debit transactions on this account are: Visa Debit Card transactions, including recurring transactions; cheque withdrawals; cash machine withdrawals; standing orders; Direct Debits; bill payments and electronic payments. For details of other transactions which incur charges, for example CHAPS, please refer to our Banking Tariff and Fee Information Document.
  • No overdraft facility available.

Interest rates

Rates may vary and are correct as at 31 August 2018. Interest rates are variable. Interest is calculated daily and credited monthly.

Cash Hub Account - Dhs Dirhams

Balance Gross % p.a. AER % p.a.
Dhs2,500+ 0.75% 0.75%

The gross rate is the interest rate we pay where no income tax has been deducted.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.

    How to apply

    Please contact your financial adviser or intermediary if you wish to apply for an account with Diamond Microfinance. If you don't have a financial adviser or intermediary, please contact us on to discuss your options.

    Step 1:Read and save the following documents:

    Although you should apply via your financial adviser or intermediary we have provided the relevant documentation required for an application. It's important that you fully understand the account, interest rates and the relevant Terms and Conditions before submitting an application.

    View the interest rate for the account you would like to apply for

    Step 2:Please contact your financial adviser or intermediary:

    Please contact your financial adviser or intermediary to discuss opening the account and completing an application form.

    If you don't have a financial adviser or intermediary, please contact us on to discuss your options.

    Once your financial adviser or intermediary has sent in your application, it will usually be processed within 5 days of us receiving it, as long as the application form is completed correctly and accompanied by all required documents. Application forms we receive which are incorrect or incomplete will be automatically returned.

    Literature downloads

    Account Fact Sheets

    Application Forms

    Terms and Conditions

    Additional important literature about your account

    Fee Information Documents

    Renewal Mandate

    Statement of Lender & Borrower Responsibilities

    Account Switching Documents

    Professional Adviser Documents

    Why choose Diamond Microfinance?

    We have decades of experience working in the Canada, aiming to deliver a high level of customer service whenever you need help.

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