Set Up a Personal Bank Account in the UAE Online

Are you looking for a reliable jurisdiction where you can open a bank account for personal purposes without much hassle? Consider the UAE where you can get customized private financial services that meet the requirements of even the most demanding customers. The bank we are going to propose is a part of a reputable international banking group. The institution has branches in Singapore, Beijing, Indonesia, London, and the Middle East, and it offers an extensive range of banking services for various customers. If you are interested in a truly recommendable financial opportunity, you can read more on setting up accounts with the UAE private bank on a trusted portal.

The Bank: Overview

In this article, we will not mention the bank’s name, and there is a good reason for that. You probably know that the best financial, business, investment, and other offers usually come by word of mouth and are not widely advertised. Why is it? Well, in the case of banks, reliable institutions do not widely advertise their services provided to non-residents as it may attract too much attention from regulatory authorities. Serving non-residents is traditionally considered a suspicious activity as it carries more risks of illegal activities, such as money laundering. That’s why reputable banks prefer working through agents when it comes to opening accounts for foreigners. You can follow the above link to get in touch with an expert and discuss the possibility of opening an account in the UAE, and he or she will say which bank is recommendable. In any case, do not hesitate to ask questions to a specialist – it’s free!

The Dubai-based bank in question is one of the best-known institutions in the Middle East that focuses on families and individuals, certain organizations, and HNWIs and UHNWIs. It gives a warm welcome to non-residents who want to take advantage of its services.

The bank has an investment team of its own that is actively searching for new investment opportunities to offer its customers and help them increase their wealth. They look far beyond the UAE, exploring different sectors and offering unique projects to account holders.

Though the institution’s branches are predominantly located in Singapore, the United Kingdom, Saudi Arabia, and the Emirates, it provides seamless services to customers from various regions, including Southeast Asia, Africa, and Europe.

The bank is a winner of multiple awards for private banking, outstanding capital management performance, and so on. If you opt for this financial institution, you may rest assured that your assets are in reliable hands.

Bank Services in Dubai

The UAE private bank offers an extensive range of services to meet the requirements of non-resident clients:

• It issues credit and debit cards. Special card products are available, such as Skywards Signature, MasterCard Titanium, Visa Elevate, Visa Infinite, and so on.
• World-class banking services. You will be able to easily switch between currencies, take advantage of seamless money transfers, and manage your accounts conveniently.
• Investment advice. You can use the services of an expert who will provide guidance and unique information on investment possibilities.
• Portfolio management. The bank offers the services of competent customer portfolio management to achieve financial goals and maximize profits.
• Trade services. If you need to carry out trade transactions, you can expect the bank to handle them smoothly and efficiently.
• Secured loans. The bank grants loans if you provide collateral, such as life insurance, IPO shares, investments, or real estate.
• Real estate consultancy services. The bank’s employees can give competent advice on different real estate matters and help you with their practical realization.
• Trust/real estate management. You can get a full range of services related to the efficient management of trusts and real property.
• Insurance coverage. If you need protection from different risks, you can take advantage of customized insurance products.

Do you have any questions regarding banking products? Do not hesitate to click on the above link and use the live chat during business hours!

Account Management in the UAE Bank

You will be able to set up a personal account online and manage it from anywhere using a convenient Internet banking platform or mobile app. It will help you save considerable amounts on transaction fees. If you need a more personal touch, you can visit one of the bank’s branches or contact the institution by phone/fax.

UAE Private Bank: Fees

Let’s look at the fees you will have to pay for different transactions:

• Withdrawing cash in AED costs AED 2.10 to 21.00 depending on the country where you are withdrawing funds.
• The cost of issuing and using a card depends on a particular card type.
• If you need to withdraw or deposit funds in a foreign currency, you will need to pay 0.79% of the amount (but no less than AED 21.10).
• You can get an account statement free of charge if you conclude an agreement on the service frequency.
• If you need to make transfers outside the UAE, you will have to pay a bank commission of AED 105 to the UAE Central Bank.
• If you use a mobile app or an Internet platform to send your funds, it comes at no fee.

Documents for Account Setup

There are requirements to be met and documents to be submitted for a non-resident to open a bank account with the recommended UAE institution. Let’s take a look at the list:

• A travel passport
• Filled out bank forms, including KYC (Know Your Customer) documents
• Proof of the legal origin of funds
• Deposit in euros or US dollars (the minimum amount is 3 million)*
• A detailed CV (resume) that shows your experience and background

*3 million is a standard requirement. However, the bank is ready for case-by-case solutions, and you may discuss your situation on an individual basis. They may propose an alternative arrangement for you, like depositing the required amount within a period of up to one year.

The private banking offered here is meant for trusts, funds, and personal use. You cannot use these services for commercial purposes.

The bank may request additional information before it approves your account.

Interested in opening an account with a UAE private bank online? Please click on the above link to discover a step-by-step procedure or talk to a professional.