Owning a bank account is a must to lead a normal existence in the modern age. This further applies to the expats who plan on moving to different countries. In countries like the UAE, there are many tasks such as renting an apartment that require you to pay upfront for which you will need a bank account.
There are three types of banking systems in the UAE, and all of them work under the Central Bank of UAE. Every bank requires different documentation for opening an account. Thus, it is essential to visit the bank’s website or get in touch with their customer care with regards to any queries.
This may look complicated; however, with the presence of state-of-the-art Banks like Emirates NBD, opening a bank account in the UAE is very simple and customer friendly for the expats. You just need to complete a few essential requirements that may vary from bank to bank, and you’re done.
Given below is a list of some documents that are most commonly required by the banks to open an account.
- Original Passport with about a minimum three months expiry date
- Copy of your visa page (a valid residency visa)
- A salary certificate (NOC) from employer or sponsor with minimum AED 3599 monthly salary
- An original Emirates ID card. The documents required to apply for an Emirates ID card are as follows:
- A precisely filled application form
- Original passport
- A biometric scan at a service centre
- UAE visa page
In conclusion, opening a bank account in any of the banks in UAE does require some paperwork and attention. Thus, if you’re planning on moving to UAE, it would be a good idea to get your documents in order and find out more about Banking in UAE, before you effect your move.