๐ณ Banking & Finance
Before You Start
Banking in Dubai is modern and well-developed, with both local and international banks offering a wide range of services. To open a bank account, you'll typically need a valid UAE residence visa, Emirates ID, passport, and proof of address. Some banks also require a salary certificate or an employment letter from your employer.
Blocked Accounts for Students
Dubai does not have blocked account requirements for student visas as found in some European countries. Students need only a standard account, subject to standard residency requirements.
Which Bank Should I Choose?
Compare fintechs and traditional banks based on your needs: digital services, expat support, minimum balance requirements, and fees. International banks can be convenient for global transfers, while local banks often offer more tailored services for residents. Always check eligibility and required documents before applying.
Banking Options
Expat-Friendly Banks
Dubai is home to many expats, so most major banks cater to foreigners with English-speaking staff, expat banking packages, and multi-currency options. Accounts can often be opened with a residence visa and passport, and some banks even offer quick, digital onboarding for new arrivals.
English-Speaking Banks
English is the main language for banking in Dubai, and most banks offer English apps, online banking, contracts, and customer service. International banks and larger Emirati banks are particularly English-friendly.
Free Bank Accounts
Some banks in Dubai offer free current and savings accounts if you meet certain criteria, such as maintaining a minimum monthly salary transfer or balance. Fee policies vary, so itโs important to check the terms carefully.
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