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:
- Mashreq Bank
- Emirates NBD
- Noor Bank
- 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.