Wondering how to open a bank account in Dubai? Find all that you need to know about relating procedures in this article.
To open a bank account in Dubai, you need to provide:
- a copy of your passport
- a copy of your lease contract
- your resident visa
- two passport-size identity photos
- a letter issued by your employer stating your monthly salary to be credited on your account (No Objection letter)
Upon presentation of these documents, you will have access to banking services and get a debit card and (or) a credit card. International credit cards are widely accepted in Dubai. Payments in cash are most common and checks are rarely accepted. Note that a bounced check is severely punished in the Emirates.
Good to know:
Dependants of the visa holder cannot open a bank account in Dubai without formal permission of the head of household. In other terms, the visa holder has to sponsor his own wife or children so that they can open their own bank accounts.
Reminder: you cannot open a bank account in Dubai without a residence visa.
Find more information in the article Opening a bank account in the United Arab Emirates.
Expat.com – Banks and Finance in Dubai Forum
HSBC – Emirats Arabes Unis www.hsbc.ae
Emirates National Bank of Dubaï www.emiratesnbd.com
Regulatory authority for Dubai International Financial Center www.dfsa.ae
Central Bank of the UAE www.centralbank.ae