Open Bank Account Online in UAE

Open Bank Account in UAE Today: Discover the Fastest and Simplest Process for Opening Bank Account Online

Bank accounts allow individuals to deposit and save their money for future purposes. With a bank account, you can also earn interest at competitive rates on your deposited funds. There are multiple types of bank accounts in the UAE, including savings accounts, current accounts, business accounts, and more. For each bank listed below, you can click on the respective 'Open Account' button to open the account:

Types of Bank Accounts in the UAE

Saving Accounts

A savings account in UAE is a bank account designed to help individuals grow their savings while providing easy access to their funds. It offers interest on deposits, encouraging regular saving habits. Account holders benefit from features such as online and mobile banking, fund transfers, and ATM access. Savings accounts often come with no minimum balance requirements and allow for easy deposits and withdrawals. Below are the best saving account UAE to open:

Emirates Islamic Kunooz Savings AccountThis savings account is all about convenient banking and great lifestyle prizes and offers.

Minimum balance of AED 3,000
Weekly cash prize of AED 10,000
Quarterly cash prize of AED 1,000,000
Internet banking and mobile banking included

Al Hilal Banking Savings AccountThis is a Shariah-compliant savings account with attractive profit rates, a user-friendly digital platform and more.

Free e-statement
Monthly profit distribution
Zero minimum balance required
Free local and international transfers

Liv Savings Account

This is a user-friendly savings account that is digitally operated. Here are the key features of the account:

Minimum balance of AED 3,000 required
Free for students up to the age of 23 years
Complimentary credit card and debit card
Internet banking available

Current Accounts

A current account in UAE is a type of bank account designed for everyday financial transactions, providing easy access to funds through ATMs, online banking, and branch services. It typically includes a chequebook, a debit card, and facilities for fund transfers and bill payments. This flexibility and range of features help individuals and businesses efficiently manage their finances and daily transactions. Below are the best current bank accounts to open in UAE:

Al Hilal Bank Current Account Al Hilal Bank’s current account has distinctive features and offers maximum convenience and flexibility to customers.

Shariah-compliant current account
Enjoy free cash withdrawals at ADCB ATMs
Zero charges on both local and international travels
Free e-statements

Mashreq Neo Smart AccountThe Mashreq NEO Smart Account is easy to open and requires no branch visitation. The key features include:

Welcome bonus of up to AED 2,500
Early Bird Cashback of up to AED 350
Earn Salaam Points
Free international debit card and cheque book

FAB Personal Current AccountThis is an easy-to-open bank account in the country. The key features include:

Minimum balance required - AED 3,000
The first cheque book is free
Free access to select airport lounges for FAB Platinum Mastercard debit card users
Daily ATM cash withdrawal limit AED 15,000

Business Accounts

A business account in UAE is designed for companies to efficiently manage financial transactions. It is a kind of current account that makes it easy to manage daily funds. You can make transactions in multi-currency, enjoy online banking, and access dedicated relationship managers. You can also facilitate fund transfers, payroll management, and bill payments.

Name of the Bank	Name of the Account
Emirates NBD	ENBD Prime Banking
Abu Dhabi Commercial Bank	ADCB Premium Current Account
Commercial Bank of Dubai	CBD My Business Account
First Abu Dhabi Bank	FAB Business Advantage Account
Abu Dhabi Islamic Bank	ADIB Business Elite Account

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Salary Accounts

A salary account in UAE is designed for employees to receive their monthly salary with no minimum balance requirement. Besides easy access to funds via ATMs, online banking, and mobile banking, you can also enjoy benefits of salary accounts in the UAE like preferential loan rates and overdraft facilities.

Name of the Bank	Name of the Account	Minimum Salary Requirement	Minimum Balance Requirement
Abu Dhabi Islamic Bank	ADIB Current Account	NA	AED 3,000
Standard Chartered Bank	SCB Salary Account	NA	AED 0
Emirates NBD	ENBD Standard Current Account	NA	AED 3,000
Emirates Islamic Bank	EIB Current Account	NA	AED 0
RAKBANK	RAK Salary Transfer Account	AED 5,000	NA

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Features & Benefits of Bank Account in the UAE

Efficient Strategy for Savings - Bank account serves as one of the smartest ways to save money.
Convenient Transactions - Bank account in the UAE simplifies money management and transactions.
Easy Bill Payments - Paying bills becomes hassle-free with a bank account.
Utilisation of Debit Cards - Debit card linked to your bank account in UAE serves as convenient tool for accessing your funds.
Safe to Keep Money - Keeping your money in a bank account ensures that its protected from theft or loss.

Open Bank Account in Top UAE Banks

Citibank Accounts

Standard Chartered Bank Account

HSBC Bank Accounts

ADCB Bank Accounts

Emirates NBD Bank Accounts

FAB Bank Accounts

Sharjah Islamic Bank

RAKBANK Accounts

Emirates Islamic Bank (EIB) Accounts

ADIB Bank Accounts

Standard Chartered Salary Account

CBD Bank Accounts

Dubai Islamic Bank Accounts

Al Hilal Bank Accounts

Al Masraf Bank Accounts

NBF Bank Accounts

Ajman Bank Accounts

Eligibility Criteria for Opening a Bank Account in UAE

Age - Each bank has set age criteria for opening a bank account. Usually, the minimum age required is 18 years, although some other banks specify 21 years as the minimum age.
Minimum Salary - There is no particular minimum salary requirement to open bank account in Dubai or any other Emirate. Each bank account has its own criteria- some bank accounts don’t even require any minimum salary.
Nationality - All residents, including nationals and expatriates, are eligible to open bank accounts in the UAE.
Salary Transfer - Some financial institutions mandate salary transfers as their eligibility criteria for Dubai bank account opening. However, there are bank accounts that don’t require individuals to transfer their salaries.

How to Open Bank Account Online in UAE Via Paisabazaar.ae?

Multiple channels are available through which you can open a bank account in UAE-

Steps to Open a Bank Account Via Paisabazaar UAE:

Step1- Click on the ‘Banking Products’ drop-down.
Step2- Select ‘Open Bank Account’.
Step3- Fill out the form on the next page with accurate details.
Step4- Once directed to the quotes page, go through the list of available accounts.
Step5- Read their features, benefits, and terms and conditions to find the appropriate product.
Step6- Select the most suitable one and submit your request by filling in the form.
Step7- One of our representatives will get in touch with you shortly for further procedures.
Step8- Or simply click on the button below to open bank account online now:

Documents Required to Open a Bank Account in the UAE

Here is a checklist of the documents required for the bank account opening process in the UAE-

For Resident Individuals

Valid Emirates ID
Valid passport
Valid proof of address
Latest bank account statements
Salary certificate

For Non-Resident Individuals

Valid passport
Valid proof of employment or self-employment (salary letter, bank statement, or trade licence)
Valid address proof (utility bill, bank statement, or reference letter from bankers)

For Companies

Valid Emirates ID of the authorised signatories
Valid passport of the authorised signatories
Memorandum and Articles of Association
Power of Attorney (If applicable)

Note: Your bank may ask for additional documents for UAE bank account opening as per its requirements.

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FAQ's on Bank Accounts

Yes, many banks allow you to open a savings bank account for your child in the UAE. Several banks also have special accounts for minors which provide higher rates of interest.

Till the minor does not 18, the bank account will be run and controlled by the signed guardian or parent(s). Once the child turns 18, the control of the banking account will be transferred to the account holder. Please note that the age for transferring the bank account may vary from 16-21 according to the bank.

While most of the banks do not charge you an additional fee for a dormant account, you are required to maintain a minimum monthly balance to avoid attracting monthly account maintenance charges or penalties.

In case you are a UAE National, the bank will freeze your account, and the amount in your account will be granted to the nominee mentioned in your bank form. If you are an ex-pat, your bank accounts will be frozen until the court in the UAE grants probate. Once sanctioned by the court, the amount will be released to your nominee.

Yes, the bank allows you to close your bank account. However, most banks will charge you an account closure fee if you close your account within 12 months of opening it.

Usually, the bank does not interfere with your activities if you have maintained a minimum balance. However, in some cases, the bank may decide to close your banking account if it has been inactive for a long time. In case the bank decides to take any action on your account, the bank will send you a mail requesting immediate action on the matter.

Yes, banks in the UAE allow you to connect your bank account to your phone wallet to make easy payments all around. You can use Apple Pay, Ewallet, PayBy, Google Pay, PayPal, Samsung Pay, and other platforms to make payments from your banking account.

Various banking accounts have different currency preferences as per the banking account. For instance, a savings account in a bank may accept USD, AED, GBP, and other currencies while a current account in the same bank may not accept any other currency except AED. However, you have the option of using foreign currency in almost every bank. However, you are advised to check if the banking account of your choice accepts payment in foreign currency.

Yes, you can transfer your account funds from one bank account to the other.

Nupur Jain

Content Writer

Content Writer | Exploring the world of insurance with a wink and a smile, I'm the writer who turns policy talk into page-turners. With four years under my belt, my articles are not just written, they're crafted to capture the imagination and tickle the intellect.

Customer Reviews & Ratings

82 genuine reviews and ratings across our services.

4.7 / 5

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Supportive team Paisabazaar.ae is an excellent company with a very polite and helpful team. I was opening a bank account through them and had tons of questions, but they patiently answered every single one and cleared all my doubts. Really appreciate their professionalism and support.

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