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.

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 all 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
Salary Transfer:  Depends up to the type of Account

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

2: DIB (Dubai Islamic Bank):

Amount of Opening Account: 3000 AED
Salary Transfer: Minimum 3000 AED/month

What Customer get:

Free first cheque book
Free Debit Card with 5 Years validity
Free cash, cheque withdrawal and deposit
Free Mobile Banking App for online payments (transfer, bills)
Free e-statement
Live Chat Option

3: Emirates NBD:

Amount of Opening Account: 3000 AED
Salary Transfer: Minimum 3000 AED/month
More documents to bring: Labor Contract Copy, No Objection Letter from sponsor, statement of account about last salary and Consolidate letter

What Customer get:

Free first cheque book
Free Debit Card
Free cash, cheque withdrawal and deposit
70+ ATM machines across Dubai

4: ADCB (Abu Dhabi Commercial Bank):

Amount of Opening Account: 5000 AED
Salary Transfer:  Minimum 5000 AED per month

What Customer get:

First cheque book for free
Free cash, cheque withdrawal, deposit
E-Statement free

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
Salary Transfer:  Minimum 3000 AED each month

What Customer get:

First cheque book for free
Free cash/ cheque withdrawal/ deposit

6: RAK Bank (Ras Al Khaimah Bank)

Amount of Opening Account: 3000 AED
Salary Transfer:  Minimum 3000 AED every month
More Required Documents: Salary Transfer Letter

What Customer get:

Free cash, cheque withdrawal, deposit
Free E-Statement every month

7: ADIB (Abu Dhabi Islamic Bank):

Amount of Opening Account: 3000 AED
Salary Transfer:  Minimum 3000 AED per month

What Customer get:

Free first cheque book
Free cash, cheque withdrawal and deposit
Fee Mobile Banking App to transfer money, pay bills etc
E-Statement free

8: Mashreq Bank

Amount of Opening Account: 3000 AED
Salary Transfer:  Minimum 3000 AED/month
More Conditions: Account opener should be 21 year old

What Customer get:

First cheque book is for free
Free cash/ cheque withdrawal/ deposit
Monthly E-Statement Free
Mobile Banking App
Free Tele Banking Service

9: Commercial Bank of Dubai:

Amount of Opening Account: 3000 AED
Salary Transfer:  Minimum 3000 AED monthly 
More Conditions: Account opener should be 21 year old

What Customer get:

First cheque book is for free
Free cash, cheque withdrawal and deposit
Monthly E-Statement with images of Cheques
Mobile and Online Banking App
Personal overdraft facility
Attijari Rewards Points on incremental monthly average balance

10: Commercial bank International:

Amount of Opening Account: 3000 AED
Salary Transfer:  Minimum 3000 AED monthly 

What Customer get:

First cheque book is for free
Free cash, cheque withdrawal and deposit
Monthly E-Statement with images of Cheques
Mobile and Online Banking App

T&C to open bank account in UAE:
Mostly banks in UAE will ask you to pay account opening amount as a deposit fee which is approximately 3000 to 5000 AED except Liv Free Bank Account, 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

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