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Best Bank in UAE to Open Account

Best Bank in UAE

Out of fifty plus banks in UAE we sort out the list of best bank in UAE for expats to open bank account, now you don’t need to visit different bank websites in-order to get information about the requirements of bank account opening in UAE.

We visited and gathered all the required information, banks terms and conditions along with benefits of opening account in the below mentioned list of banks in UAE.

Benefits of the Best Bank in UAE for Expats:

It is always best to ask yourself before visiting bank or making documents ready that for what reason you wanted to open bank account in UAE or what benefits you are going to get from different banks in UAE. Few benefits are: 

1: You can receive your monthly salary in your account from employer.
2: Instead of giving or carrying cash, you can keep and transfer money from your account to another.
3: Cheque book and Debit/Credit Card.
4: Online shopping, bill payments and recharge access.
5: Online banking through bank website or mobile application.
6: Most importantly, it’s a great way to save money while residing in UAE.



How to Open Bank Account in UAE?

You probably need to visit bank for account opening but some banks are allowing customers to open bank account online by submitting or sending the required documents through email or by uploading it into bank website or mobile app.

Required Documents to open Bank Account in UAE:

1: Valid Emirates ID
2: Valid Passport (or copy) with UAE Residence Visa  
3: NOC or Salary Certificate from Company

Best Bank in UAE to open Account:

Emirates NBD and Dubai Islamic Bank are among the top banks in UAE due to their fast online banking service, more branches and ATM’s, let’s have a look at top 10 banks in UAE from which you can choose one for yourself.

1: Liv (Free Bank Account by Emirates NBD)

Liv is the brainchild of Emirates NBD which offer Free Bank account in UAE, they do not require any NOC or salary certificate, you don’t need to visit them for account opening as everything is online, for more about Liv Free Bank Account, Click Here

Amount of opening account: 0 AED
Monthly Average Balance:  2500 AED
Fees if unable to Maintain Balance: 15 AED
Early Account Closer Fee: 50 AED

What Customer get:

An Instant digital current or saving account
A debit card for worldwide payments
Mobile app to track your payments and pay bills
Withdraw cash at all ATMs
24/7 emergency supports with live chat
Enjoy 50% off deals, online shopping etc

Website: https://liv.me/liv-en/



2: DIB (Dubai Islamic Bank):

Monthly Average Balance:  3000 AED
Fees if unable to Maintain Balance: 25 AED
Daily Cash Withdrawal limit: 10000 AED
Account closer Fee: 26.25 AED

What Customer get:

Free first cheque book
Free Debit Card with 5 Years validity
Free cash, cheque withdrawal and deposit
Free Mobile Banking for online payments
Free monthly e-statement
Free Salik recharge facility
Free bill payments (Etisalat, Du, Dewa, Sewa, Fewa)
Live Chat Option

Website: https://www.dib.ae/en

3: Emirates NBD:

Monthly Average Balance:  3000 AED
Fees if unable to Maintain Balance: 25 AED
Additional Requirements: Labor Contract Copy, NOC from sponsor, statement of account (last salary) and Consolidate letter

What Customer get:

Account can be open in AED and USD
Cheque book facility
Free International ATM/Debit Card
Monthly account statement
Bill payment facilities across all popular services
Online banking and Phone banking service
70+ ATM machines across Dubai

Website: https://www.emiratesnbd.com/en/

4: ADCB (Abu Dhabi Commercial Bank):

Monthly Average Balance:  5000 AED
Fees if unable to Maintain Balance: 25 AED
Additional Requirements: Salary certificate

What Customer get:

Rewards and offers
First cheque book for free
Free debit card
Free e-statement

Website: https://adcb.ae/en/personal/

5: FAB (First Abu Dhabi Bank):

First Abu Dhabi Bank previously known as NBAD, National bank of Abu Dhabi has now changed its identity.

Amount of Opening Account: 3000 AED
Monthly Average Balance:  3000 AED
Daily Cash Withdrawal limit: 10000 AED
Additional Requirements: Salary certificate

What Customer get:

First cheque book for free
Free cash/ cheque withdrawal/ deposit
Free FAB Master card Debit Card
Free lounge access at selected Airports (Platinum) 
6: RAK Bank (Ras Al Khaimah Bank)

Monthly Average Balance:  3000 AED
Fees if unable to Maintain Balance: 25 AED
More Required Documents: Salary Transfer Letter

What Customer get:

Account can open in AED, USD, EUR, GBP
Free cheque book upon account opening
Free ATM/Debit card
Free E-Statement every month

7: ADIB (Abu Dhabi Islamic Bank):

Monthly Average Balance:  3000 AED
Fees if unable to Maintain Balance: 25 AED
Additional Requirements: Salary certificate

What Customer get:

700 ATM's and 80 branches across UAE
No monthly Fee
Account can be opened in different currencies
Free cheque book
Free visa debit card
Fee mobile App to transfer money, pay bills etc
Free monthly e-statement
24 hours banking services
No rewards on current account

Website: https://www.adib.ae/en

8: Mashreq Bank

Monthly Average Balance:  3000 AED
Fees if unable to Maintain Balance: 25 AED
More Conditions: Account opener should be 21 year old

What Customer get:

Free first cheque book
Free visa debit card
Free mobile banking access
Free online banking access
Free monthly E-Statement
Free Tele-banking service
Mobile banking App

Website: https://www.mashreqbank.com/uae/en/personal/home

9: Commercial Bank of Dubai:

Monthly Average Balance:  3000 AED
Fees if unable to Maintain Balance: 25 AED
Daily Cash Withdrawal limit: 10000 AED
Account closer Fee: 100 AED
More Conditions: Account opener should be 21 year old

What Customer get:

Account can be open in USD, GBP, EUR
CBD reward points
First cheque book is for free
Free Debit Card
Monthly E-Statement with images of Cheques
Free online and mobile banking
Personal overdraft facility
Attijari Rewards Points

Website: https://www.cbd.ae/


10: Commercial bank International:


Account opening Fee: 0 AED
Monthly Average Balance:  3000 AED
Fees if unable to Maintain Balance: 25 AED
Account closer Fee: 100 AED
Additional Requirements: Salary certificate

What Customer get:

Free first cheque book
Free International debit card
Account can be open in major currencies
Free monthly e-statement
Free phone and online banking

Website: https://www.cbiuae.com

T&C to open bank account in UAE:

Banks in UAE will ask you to pay account opening amount as a deposit fee which is approximately 3000 to 5000 AED or keep same amount in your account as monthly average balance to maintain your account except Liv Free Bank Account and CBI 

Also UAE banks have 25 AED to be charged in case of not maintaining the eligibility criteria, for example; if the account doesn’t hold the exact salary transfer amount required by the bank, or you are unable to maintain the minimum balance (3000 AED to 5000 AED) then the bank will charge you a fee of 25 AED per month.

Above list of banks in UAE contain the top banks in UAE with 3000 account opening term while standard chartered bank etc are demanding 10000 AED to open account, hope you will like this list of best bank in UAE for expats who are getting normal average salaries in UAE.

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