UAE Business Account Needed!

S

Selord

New member
Sep 8, 2020
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161
Hi,



Mashreq Bank Just suddenly closed my business account in UAE and I have not yet received any explanation.



This account was running smoothly since September 2020.



I have an online business selling online courses.



I Use UAE based payment Gateway.



My trading license is from Fujairah Free Zone.



I need to open a new business account in UAE ASAP.



I am currently thinking of opening business bank accounts with ENBD, FAB or ADCB. Which one is the best ?



What Electronic Money Institutions (EMI) is best in for UAE online businesses.



Any ideas any thoughts are highly appreciated.



Thanks
 
Selord said:
Selord said:
Hi,



Mashreq Bank Just suddenly closed my business account in UAE and I have not yet received any explanation.



This account was running smoothly since September 2020.



I have an online business selling online courses.



I Use UAE based payment Gateway.



My trading license is from Fujairah Free Zone.



I need to open a new business account in UAE ASAP.



I am currently thinking of opening business bank accounts with ENBD, FAB or ADCB. Which one is the best ?



What Electronic Money Institutions (EMI) is best in for UAE online businesses.



Any ideas any thoughts are highly appreciated.



Thanks
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Any of those are good, just print off all your bank statements and take them and ask if they can help.
 
CaptK said:
CaptK said:
Any of those are good, just print off all your bank statements and take them and ask if they can help.
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In which way these are good?

We make 6 digits AED monthly. Everything is legit, selling online courses.

Used local payment Gateway for all my online sales then payout to my mashreq business account for the last 11 months.
 
Selord said:
Selord said:
In which way these are good?

We make 6 digits AED monthly. Everything is legit, selling online courses.

Used local payment Gateway for all my online sales then payout to my mashreq business account for the last 11 months.
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Since you have proof of transactions then just take it to them and apply.
 
None of the above mentioned onboards a Fujairah FZE in 2022 especially without substance.

If you show the Mashreq Statements they will already smell that Mashreq closed your account and ask about it.

Mashreq has a far more risk appetite then ENBD, ADCB or FAB.

FAB and ADCB are completely out of play due to Fujarirah and ENBD wants to see a big deposit no matter what.

You can look at bottom of the barrel banks like Ajman Bank.

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Fred said:
Fred said:
None of the above mentioned onboards a Fujairah FZE in 2022 especially without substance.

If you show the Mashreq Statements they will already smell that Mashreq closed your account and ask about it.

Mashreq has a far more risk appetite then ENBD, ADCB or FAB.

FAB and ADCB are completely out of play due to Fujarirah and ENBD wants to see a big deposit no matter what.

You can look at bottom of the barrel banks like Ajman Bank.
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Fred, I sent you message via Telegram. But you didn't reply .

JohnnyDoe said:
JohnnyDoe said:
PM me. There is also a thread about the RAK company for sale. It will be closed in May if nobody wants it.
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How to PM you ?
 
put the mouse courser over the profile, wait until the window pops up with "Start Conversation" 😉

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Be part of the elite, be Mentor Group Gold coo-:!y
 
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