Opening your
Gold Investment Account

  • Existing customers can simply open an account through Online Banking, relationship managers or through any of our branches
  • New customers can call us or visit any of our nearest branches

Know more

Investing in your Gold Investment Account

  • Decide on the number of troy ounces of gold you’d like to invest in
  • Based on the prevailing gold rate, transfer the funds into your XAU account
  • You can set up a Systematic Investment Plan to buy small units of gold every month

Easy access to funds. Benefits to relish.

Our Gold Investment Account is designed to provide you with utmost convenience and flexibility. With highly secure systems that protect your data and finances, you won’t have to worry about anything when you bank with us.

Open your account now
Bank with Emirates NBD and
experience the future of banking, today

Join the leading bank in the region with a wide network of branches and ATMs, award-winning digital applications and great customer service.

WHAT OUR CUSTOMERS SAY

89
Branches

690
ATMs

Open your account

89
Branches

690
ATMs

 

Open your account now
Bank with Emirates NBD and
experience the future of banking, today

Join the leading bank in the region with a wide network of branches and ATMs, award-winning digital applications and great customer service.

WHAT OUR CUSTOMERS SAY

89
Branches

690
ATMs

Open your account

89
Branches

690
ATMs

 

Required Documents, Eligibility and Fees

  • Account Opening
    • UAE Nationals
      • Identification
        • Original Emirates ID for sighting, verified copy of Emirates ID and copy of passport for records
      • In case of a Salary Transfer Account, one of the following documents to be obtained:
        • Copy of Labor Card
        • Copy of Employee ID
        • Latest Salary Letter
        • Copy of employment visa page from the Passport
    • Residents
      • Identification
        • Original Emirates ID for sighting, verified copy of Emirates ID and copy of passport for records
      • In case of salary transfer account, any one of the following document to be obtained
        • Valid Salary Transfer Letter (i.e. 30 days from date of issue for non government companies. For government company validity as mentioned in the letter.)
        • Copy of Appointment Letter / Contract Copy
        • Copy of Pay slip ( < 3 month old)
        • Consolidated letter from HR for bulk accounts. (Check and ensure amount of salary for each employee mentioned in the said letter)
        • Statement reflecting credit of previous months salary
    • Non-Residents
      • Passport (Original for sighting and photocopy for records), copy of valid visit visa and one of the following documents to be obtained:
        • Utility Bill (Not more than 3 months old)
        • Bank Statements (not more than 3 months old, copies of bank statements printed from the Internet is acceptable)
        • Reference letter from bankers in home country confirming the length and nature of the relationship (minimum 12 months) and the residential address of the customer as per the bank records
    • GCC Nationals
      • Identification
        • Original Passport/UAE National ID and Passport copy
      • For Current/Checking Accounts any one of the following documents to be obtained:
        • Original Labour card and copy for records
        • Original work permit and copy for records
        • Letter from employer
        • Copy of recent (last 3 months) Telephone/Electricity Bill
        • Valid UAE National ID
        • Valid Tenancy Contract in the name of customer
    • Bedouins
      • Identification
        • Letter from Ministry of Interior stating that customer is Bedouin
        • If employed: Labour Card
        • If not employed: Any other government photo ID
    • Illiterates
      • 2 Passport size photographs for Identification
    • Non-Individuals
      • Identification
        • Passport Copy and EIDA Copy of all signatories/owners/directors
        • Trade License if company incorporated in UAE.
        • MOA (Memorandum of association)
        • Board Resolution

    Please Note:

    • This document checklist contains the list of all the essential documents required to process your request.
    • For Joint Account Opening the documents specific to the type of customer to be obtained for all customers
    • If any of the required documents as per the checklist are missing, the process of the application may be delayed.
    • Additional documents may be required at the Bank's sole discretion.
    • Please ensure all documents are in order as per the checklist before visiting the branch, for quick processing and faster turnaround times.
  • Prerequisites to Initiate Account Closure
    • Items to be surrendered
      • Cheque Book/s
      • Debit Card/s
    • All available funds in the account withdrawn
    • Account closure initiated within 1 year from account opening:
      • If yes, charges applicable as per Emirates NBD Fees and Charges
    • Additional Requirements:
      • Cancel all Standing Instructions on the account
      • Cancel all Direct Debit Instructions on the account
      • Fixed Deposit linked to the account: Fixed Deposit to be closed prior to account closure
      • Loan linked to the account: Loan amount to be settled

    Please Note:

    • This Document contains all the essential requirements to process your request.
    • For Joint Account Closure, account closure request to be signed and submitted by all account holders.
    • If any of the requirements listed below are incomplete, the processing of your application could be delayed
    • Additional documents may be required at the Bank's sole discretion.
    • Please ensure all documents are in order as per the checklist before visiting the branch, for quick processing and faster turnaround times.
  • Addition of a Joint Account Holder
    • UAE Nationals
      • Identification
        • Original Passport for sighting and verified copy for records or
        • Original National ID for sighting, verified copy of National ID and Passport for records or
        • Original Khulasat Al Qaid and verified copy for records
    • Residents
      • Identification
        • Original Passport and verified Passport copy with valid UAE residence visa for records or
        • Original National ID for sighting, National ID and Passport copy for records
    • GCC Nationals
      • Identification
        • Original Passport/UAE National ID and Passport copy
      • For Current/Checking Accounts any one of the following documents to be obtained:
        • Original Labour card and copy for records
        • Original work permit and copy for records
        • Letter from employer
        • Copy of recent (last 3 months) Telephone/Electricity Bill
        • Valid UAE National ID
        • Valid Tenancy Contract in the name of customer
    • Illiterates
      • 2 Passport size photographs for Identification

    Please Note:

    • This document checklist contains the list of all the essential documents required to process your request.
    • If any of the required documents as per the checklist are missing, the process of the application may be delayed.
    • Additional documents may be required at the Bank's sole discretion.
    • Please ensure all documents are in order as per the checklist before visiting the branch, for quick processing and faster turnaround times.
  • Deletion of a Joint Account Holder
    • Passport/Emirates ID for Identification
    • A request for deletion to be jointly signed by all the existing account holders
    • Cheque Book/s need to be surrendered.
    • Debit Card of the Account Holder to be deleted needs to be surrendered

    Please Note:

    • This Document contains all the essential requirements to process your request.
    • If any of the requirements listed below are incomplete, the processing of your application could be delayed.
    • The primary Joint account holder cannot be deleted, only the secondary can be deleted.
    • Please ensure all documents are in order as per the checklist before visiting the branch, for quick processing and faster turnaround times.
  • Change in Package or Segment
    • Passport/Emirates ID for Identification

    Please Note:

    • This document checklist contains the list of all the essential documents required to process your request.
    • If any of the required documents as per the checklist are missing, the process of the application may be delayed.
    • Additional documents may be required at the Bank's sole discretion.
    • Please ensure all documents are in order as per the checklist before visiting the branch, for quick processing and faster turnaround times.
  • To Stop the Payment of a Cheque
    • Requests for Stop Payment of cheques can be accepted only when the Cheque/Cheque Book is lost or stolen with the following document:
      • Police report for the lost/stolen cheques

    Please Note:

    • This document checklist contains the list of all the essential documents required to process your request.
    • If any of the required documents as per the checklist are missing, the process of the application may be delayed.
    • Additional documents may be required at the Bank's sole discretion.
    • Please ensure all documents are in order as per the checklist before visiting the branch, for quick processing and faster turnaround times.
  • Updating Employment Details
    • New Salary Transfer letter with EOSB assignment from New Employer (Personal Loan cases)
      • New Valid Visa
      • New Labor Card
      • New Contract Copy
      • Copy of Emirates ID / Proof showing Emirates ID is applied
      • Passport copy (if required)
      • Security Cheque (If applicable)

    Please Note:

    • This document checklist contains the list of all the essential documents required to process your request.
    • If any of the required documents as per the checklist are missing, the process of the application may be delayed.
    • Additional documents may be required at the Bank's sole discretion.
    • Please ensure all documents are in order as per the checklist before visiting the branch, for quick processing and faster turnaround times.
  • Fees and Charges

    Click here to view the schedule of fees and charges

What are people asking?

  • What is a Gold Investment account?

    Similar to any other foreign currency account, designated with the currency code XAU and denominated in troy ounces.

  • How do I open a Gold Investment account?

    An existing Emirates NBD customer can simply open an account via our Online Banking.

  • What are the requirements to open a Gold Investment account?

    Existing Emirates NBD customers can simply log in to Online Banking and open a Gold Investment account. There are no other requirements.

  • What are the documents required to apply for a Gold Investment account?

    This is an online account available only for existing customers. Hence there is no additional documentation required for opening this account.

  • What is the minimum amount required to start a Gold Investment account?

    There is no minimum amount required. Decide how many troy ounces of gold you would like to invest in. Then, according to the prevailing gold rate, simply transfer the requisite funds from your AED or USD account into your XAU account.

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