Can non-residents open a bank account in UAE

There can be plenty of reasons why a non-resident of UAE wants to open a bank account in the UAE like if they spend a significant amount of time in the UAE or if they get paid in dirhams quite often, or it can also be a part of their savings plan. Despite the various reasons, banks in the UAE provide a facility to open a saving account in their banks for non-residents as well.

Most of the banks in Dubai, United Arab Emirates, allow non-residents to open only a Savings Account and not a Current Account. Non-residents are not able to attain a cheque book however, non-residents will be given a debit card to withdraw the money. As a non-resident, will be subject to a minimum and/or maximum balance.

The approvals might take more time  as the documentations and procedures for opening a non – residents bank account are more tedious, and lot of verifications are done before approving it.

Few of the banks which entertain non – residents to open bank accounts are as below:

  1. Mashreq Bank
  2. Emirates NBD
  3. Noor Bank
  4. FAB (First Abu Dhabi Bank)

Documents required for opening a non – resident bank account

  • UAE Visit or Transit Visa 
  • 3-6 months bank statements of their home country 
  • Passport copy 
  • Latest Utility bills 
  • Reference letter from bankers of your home country 
  • Income proofs 

Apart from these, banks may request further documents depending on the applicant’s profile. 

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