Additional Services
Open a Personal Bank Account in Dubai
If you require assistance opening a personal or business bank account in Dubai, contact MTR Expert in Dubai! We have strong tie-ups with international players like HSBC, Standard Chartered, and CitiBank, and local banks like Emirates NBD, Mashreq Bank, ADCB, and Commercial Bank of Dubai.
Personal Bank Account Opening in the UAE
So, you've started your career in Dubai and want to organize your earnings? Wow, great decision! As you know, it's not about how much money you make; it's about how much you save. To start your savings, you must open a Personal Bank Account in Dubai. You can find over 50 UAE-registered banks, such as Emirates NBD, ADCB, Emirates Islamic, HSBC, Citi Bank, and Mashreq Bank. Before choosing a bank to open your savings or current account, do some groundwork to compare interest rates, deals & offers, transaction limits, and other perks. If you require any assistance in opening a personal bank account in the UAE, you can get help from our financial consultants in Dubai.
Open a New Bank Account in Dubai
Want to know how to open a bank account in Dubai? We are here to help you!
Benefits of Having a Bank Account in Dubai
Here follows a summary of the benefits you will enjoy when you open a bank account in Dubai:
![Personal_Bank_Account_Opening-1st-image[1].png](/_next/image?url=https%3A%2F%2Fres.cloudinary.com%2Fdxzrhjkcq%2Fimage%2Fupload%2Fv1671542366%2FPersonal_Bank_Account_Opening_1st_image_1_e2f66ce9e4.png&w=3840&q=75)
Confidentiality
Stability, Safety, and Reliability
Convenient Withdrawal/Deposit of Funds
Attractive Rate of Interests on Deposits
Choose the Right Account Type
After choosing the bank to work with, you must decide whether you want to open a Savings or Current Account.
Savings Account
Current Account
![Personal_Bank_Account_Opening-2nd-image[1].png](/_next/image?url=https%3A%2F%2Fres.cloudinary.com%2Fdxzrhjkcq%2Fimage%2Fupload%2Fv1671542387%2FPersonal_Bank_Account_Opening_2nd_image_1_77a5e16743.png&w=828&q=75)
Documents Required to Open a Personal Bank Account in Dubai
The checklist of documents required to open a non-resident bank account in Dubai is as follows:
- A copy of the original passport
- A salary certificate from your company (make sure your salary meets the minimum requirements of your bank)
- A copy of your valid Emirates ID
- A copy of your Valid Residence Visa (Stamped Visa Page)
How to Open a Personal Bank Account in Dubai?
Which Bank to Choose?
With international players like HSBC, Standard Chartered, and CitiBank, and local banks like Emirates NBD, Mashreq Bank, ADCB, and Commercial Bank of Dubai, the options to choose the best bank are wide open for you!
But there are a few things to keep in mind while choosing a bank to open your bank. If you are looking to open a bank account to receive a salary, it's better to open an account with your company's bank. So, you can collect your salary right after it's credited. And there is no need to wait 24 or 48 hours to get your salary credited.
While opening a personal bank account in Dubai, some banks may require a minimum salary of AED 5000 and ask you to maintain a minimum balance. And the failure to maintain a minimum balance will result in AED 25 penalty.
How to Open a Personal Bank Account in Dubai?
Here's how you can open a personal bank account in Dubai:
Step 1: Fill out the application form to open an account by providing all the required detail and submitting all the required documents.
Step 2: If your application is approved, the bank officials will do background checks, and if required, they will conduct a phone interview with you.
Step 3: Once this stage is done, they will open a bank account for you and send the debit card and other details via the mailbox.
Get in touch with us!
Opening a bank account in Dubai is an easy task if you have all the paperwork in hand. If you require assistance opening a personal or business bank account in Dubai, contact MTR Expert in Dubai!
Frequently Asked Questions
How can I open a personal bank account in Dubai?
Your passport, your UAE identification card, visa stamped page, and a local utility bill indicating your address are the basic pieces of documentation needed to start an account.
Which bank is good for personal account in Dubai?
Emirates National Bank of Dubai (ENBD), Abu Dhabi Commercial Bank (ADCB), Dubai Islamic Bank (DIB), Abu Dhabi Islamic Bank (ADIB), and Mashreq Neo are our top picks.
Can foreigners open a bank account in Dubai?
Non-residents can open Savings Account with the bank. As per guidelines issued by The Central Bank of UAE, GCC nationals are allowed to open Current Account.
Is an Emirates ID required to create a bank account?
A residency visa and an Emirates ID card are crucial documents you'll need to start this process for a personal account. Although most banks will accept the registration form in place of the finalized documents, you can also use it as evidence that your documentation is in the process.
