RAKBANK Introduces New Crypto Transaction Limits for UAE Customers

Highlights:

• RAKBANK will start new crypto buying limits for customers in the second quarter of 2026.
• The bank will set different crypto limits for Retail, Select, and Elite customers.
• The bank said customers can request higher limits, but approval will depend on review.

RAKBANK, one of the oldest banks in the United Arab Emirates, has notified customers that it will introduce a new limit on how much they can use from their accounts for crypto purchases. The bank said this dedicated crypto transaction limit will take effect in the second quarter of 2026. According to the bank, the goal is to help customers trade with better control and keep their crypto investments safer and more manageable.

How RAKBANK’s New Crypto Limits Will Work

The bank will set different limits for each customer segment. Regular retail customers will get a crypto trading and investment limit of AED 240,000, or about $65,000. RAKBANK Select customers will receive a higher cap of AED 576,000, which is around $157,000. Elite customers will get the highest limit at AED 6 million, equal to nearly $1.6 million. With this move, RAKBANK is giving customers access to crypto while also putting clear boundaries in place.

RAKBANK also explained how it will know when a customer goes over the crypto limit. The bank said it will add up how much money a person has spent on buying crypto and then subtract how much money they got back from selling it. If the amount left is higher than the limit set for that customer group, the bank will treat that account as being over the allowed level.

Customers who want a higher crypto limit can still ask the bank for one. But the bank will not approve it automatically. RAKBANK said customers may need to provide extra documents, including proof of where the money came from. This means some people may still be able to trade larger amounts, but only after the bank checks and approves the request.

RAKBANK Deepens Its Crypto Push With Trading and Stablecoin Plans

RAKBANK entered the retail crypto market in July last year through a partnership with Bitpanda. The bank launched the service in its mobile app with Bitcoin, Ethereum, Solana, and XRP. Customers could buy, sell, and swap crypto directly in UAE dirhams, helping them avoid foreign exchange charges linked to U.S. dollar or euro trades. They could also use funds from their savings or current accounts, which removes the need to transfer money to external crypto platforms. Bitpanda Broker MENA DMCC, Bitpanda’s Dubai-regulated affiliate, handles the trades. Since launch, RAKBANK has widened the offering, and its current crypto page now lists 20 major coins.

JUST IN: 🇦🇪 UAE lender RAKBANK partners with Bitpanda to offer retail customers direct access to crypto services. pic.twitter.com/zjhj5WeKFM

— Whale Insider (@WhaleInsider) July 29, 2025

RAKBANK is continuing to build in crypto and digital payments. In January, the bank announced that it had received in-principle approval from the Central Bank of the UAE to issue an AED-backed stablecoin. RAKBANK said the project still needs to meet regulatory and operational requirements before launch, so the approval does not mean the token is ready to go live yet. The bank called the development an important step in its digital assets journey and said it highlights its focus on regulated, secure, and transparent financial products.

RAKBank gets UAE Central Bank approval for dirham-backed stablecoinhttps://t.co/sCgN9jgOpJ pic.twitter.com/RboGz3eHfx

— Khaleej Times (@khaleejtimes) January 7, 2026