UAE Banks - personal USD account
- Thread starter mike400
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We managed to open personal USD account with local UAE bank for @mike400
To clear up with some comments here in the thread:
You can't open a classic personal multicurrency Bank Account with a local UAE Bank within minutes!
They all need on average 1 week - no matter with which bank.
Everything described here like ADCB Hayyak, LIV and NEO is some type of "Online" Bank Account with AED IBAN only.
It's better then nothing but do yourself a favor and open a classic personal multicurrency Bank Account.
In cas of having issues - well that's why we are here for you.
To clear up with some comments here in the thread:
You can't open a classic personal multicurrency Bank Account with a local UAE Bank within minutes!
They all need on average 1 week - no matter with which bank.
Everything described here like ADCB Hayyak, LIV and NEO is some type of "Online" Bank Account with AED IBAN only.
It's better then nothing but do yourself a favor and open a classic personal multicurrency Bank Account.
In cas of having issues - well that's why we are here for you.
Is that possible and easy to open accounts in EU or swiss banks as uae resident?
Ps I see people on facebook dealing with outrageous fee for personnal transfers from binance, bitoasis or whatever, wonder why they dont just use a european bank if its possible
Ps I see people on facebook dealing with outrageous fee for personnal transfers from binance, bitoasis or whatever, wonder why they dont just use a european bank if its possible
You can only open an AED Account at the uBank Branch by ADCB.
To get multicurrency account open you still need to visit a normal branch and wait on average 1 week to get it approved.
So in fact it's the same outcome like with Liv, NEO or Hayyak with the only difference of having the debit card in 10 minutes rather then in 1 day.
Anyway it's just︀ to make here public how it's working in reality because for us as service provider︁ it's annoying if people get unrealistic expectations for how things working in reality.
To get multicurrency account open you still need to visit a normal branch and wait on average 1 week to get it approved.
So in fact it's the same outcome like with Liv, NEO or Hayyak with the only difference of having the debit card in 10 minutes rather then in 1 day.
Anyway it's just︀ to make here public how it's working in reality because for us as service provider︁ it's annoying if people get unrealistic expectations for how things working in reality.
Hi guys,
great info - thank you.
I was wondering how 'easy' it is to get a UAE bank personal account without being employee --- (visa through own company)?
What kind of documents would they require?
I assume best to go there once having EID and apartment or also possible while in Visa process ?
I bank 'offshore' -- i'd just need an easy-peasy local UAE bank (best is if more 'fintech') preferably with AED / USD / EUR account
Any advise welcome, thank you 🙂
great info - thank you.
I was wondering how 'easy' it is to get a UAE bank personal account without being employee --- (visa through own company)?
What kind of documents would they require?
I assume best to go there once having EID and apartment or also possible while in Visa process ?
I bank 'offshore' -- i'd just need an easy-peasy local UAE bank (best is if more 'fintech') preferably with AED / USD / EUR account
Any advise welcome, thank you 🙂
HI OP, personal bank account is easy once you've got your Emirates ID (don't︀ start the process without it being physically in your hands)... you'll have to show proof︁ of residence (hotel room number as shown in a tax invoice will do if you︂ don't have a long-term rental in place yet), phone number and your share certificate...and in︃ some cases (not that I've experienced it myself), they say they just walk out the︄ door with the bank account already opened. You'll have to fill a few forms, answer︅ some questions and you're good to go. ADCB, Mashreq and DIB are the best ones︆ to begin with, and the ones I always recommend to first look at.
Hope this︇ helps.
NVO
Hope this︇ helps.
NVO
If you go with a good banker you can open the personal account within︀ a day and get the Debit Card on the next day as well - that's︁ at least for EU low risk passport holder. Beside of passport and Emirates ID nothing︂ further is needed as a good banker manages everything else for you.
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