How To Open A Bank Account In Dubai For Non Residents
Dubai has become a favorite destination for expatriates, particularly for those looking to open a bank account in Dubai for non residents. This is due to several factors including the ease of doing so as well as the amount of paperwork required to process. In order to begin the process of opening a bank account in Dubai, you will need to fill out an application known as a " Emirates visa card." This application must be submitted to the concerned division of the Dubai DCC, and is then approved by the concerned personnel. Once approved, your card will be mailed to you with instructions on how to use it at designated financial institutions throughout the country.
When you visit Dubai, there will be no need to visit a traditional bank and withdraw money from your home account. The only requirement is to carry your Emirates visa card, which will give you access to any banking facility in the country. Your card will also show you as a non resident for a specified period of time, usually three months to one year, depending on your location. You will still be required to have proof of income and permanent residence, however. This may include employment documents such as pay slips or a monthly salary receipt, and will often lead to a verification of employment by the employer. Most banks in Dubai require proof of employment and residence before allowing an individual to open a bank account.
Another advantage of using an UAE bank card is that it acts as both a credit and debit card, allowing you to withdraw cash as well as buy goods online. This feature is known as "bundling." With most cards, you are required to have both a balance in your account and a savings account that is full to receive a payment. With a UAE card, you are only required to have a savings account if you wish to receive a payment. If you wish to make purchases, all you need is an ATM card.
When learning how to open a bank account in Dubai for non-residents, it is important to understand that your personal information cannot be shared publicly without your authorization. Because of this, it is essential that you obtain a prepaid debit card from your bank. This card serves exactly the same purpose as a traditional card, but it cannot be used at any ATM or on any of the retail establishments in the city. In addition, you will not be able to get a debit card with a normal credit card, nor can you use it at any of the numerous ATMs. Your prepaid card serves as the only authorized means of payment when in the city.
Once you have a UAE bank card, you will need to consider which account provider you would like to use. Two of the most popular providers in Dubai include the Maxcom and the Al Hajar brands. These companies provide services to individuals and businesses alike. The one thing that these companies do not do, however, is provide consumers with accounts based on residency status. If you are a resident of Dubai and wish to open an account, you must secure an agreement with a company or individual on that issue. You can find out more by visiting the websites of each company.
Once you know how to open a bank account in Dubai for non-residents, you can start applying. Once you receive your approval, you can move forward. Just make sure that you follow the procedure for opening an account with ease. By following this process, you can be confident that your money is safe and secure.
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