We offer assistance in opening a personal bank account in the UAE, in the bank “Emirates NBD”.
To open a current account in the bank “Emirates NBD”, individual must have UAE residency visa.
To open a saving account, it is also recommended to have UAE resident visa; meanwhile, if there is more than 500,000 dirham on a balance (approximately 136,000 USD), then you may obtain the “Priority” status and there is a chance of opening an account without a resident visa UAE.
In practice, an operating and a saving account are only different because a saving account does not allow obtaining a cheque book.
If you want to open an account in the bank “Emirates NBD” and you do not have a resident visa UAE (and you would like to maintain a balance from 136,000 USD), we are ready to provide assistance in obtaining a resident visa UAE as well.
To open a bank account, it is necessary to visit UAE in order to sign all forms in the presence of a bank’s representative.
The leading regional bank group “Emirates NBD” was founded in October of 2007, when shares of “Emirates NBD” were officially placed on the “Dubai Financial Market”. In 2007, “Emirates Bank International” (EBI) and “National Bank of Dubai” (NBD) were merged, as result of which “Emirates NBD” was established. This merge became a regional example of consolidation of bank and financial sectors, because the second and the fourth biggest banks in the Arab Emirates were combined. The purpose of this merge was to create a foremost bank that may take the leading positions in private, corporate, retail, investment and Islamic bank sectors across the entire region.
The bank “Emirates NBD” aims to obtain a global recognition as the most important financial services provider in the Middle East. Upon the main business trends, this bank is the leader on the market and is the first in the sector of retail bank services. In total, the bank has more than two hundred branches and more than thousand ATMs and cash machines located as in the territory of the UAE, so as abroad.
The group “Emirates NBD” is also a major player on the market of corporate bank services.
The number of branches of Islamic banking is also increasing very fast. The bank maintains services on investments and private banking at a high level. Meanwhile, the bank is leading in the sphere of quality of services on asset management and broker services. The bank “Emirates NBD” is well positioned to grow and satisfy needs of its customers, employees, and shareholders.
Total assets of the bank in 2019 made 146 billion dollars. The group is operating in the UAE, Saudi Arabia, Great Britain, Singapore, Egypt, and has representative offices in China, Indonesia, and India.
Being a national bank leader, “Emirates NBD” demonstrates the economical progress of the UAE around the world.
A current account may serve as a basis for any daily transaction – receipts, payments, or investments. An account can be easily managed using many different options.
In order to apply for bank account individual must visit UAE in person.
Opening personal current account “Standard” in the bank “Emirates NBD”, UAE
An account “Standard” can be opened either in dirham or other currency approved by the bank.
A minimum average monthly balance in amount of 3,000 dirham (818 USD) should be maintained on account. If a balance on an account falls below this defined amount, then the bank will charge a monthly fee in amount of 25 dirham (7 USD).
General characteristics of current account “Standard”
Interest is not accrued on cash assets deposited on an account.
It takes 2-4 business days to open personal account in case of employment visa. It might take 5-10 business days in case of Partner/ Investor visa.
Online banking allows making all operations under an account.
You are offered to open a personal Islamic current account (“Islamic Current Account”) in the UAE in the bank “Emirates NBD”.
To open an Islamic account, you do not have to declare any religious beliefs.
An account can be opened either in dirham or US dollar.
A minimum average monthly balance in amount of 3,000 dirham (818 USD) should be maintained on account. If a balance on an account falls below this defined amount, then the bank will charge a monthly fee in amount of 25 dirham (7 USD).
General characteristics of Islamic current account
Potential obtaining of profit for depositing assets on an account.
Opening an account takes 2-4 days.
Online banking allows making all operations under an account.
When opening current account “Standard” or Islamic current, a debit card of the system Visa is issued. A card is issued for free and does not require annual payment. Payment for issuance of a new card at loss or replacement is 25 dirham (7 USD).
Owners of an account may free and unlimitedly top up and withdraw cash at more than thousand ATMs of “Emirates NBD” in the emirates and abroad.
When cash is withdrawn abroad at ATMs of the bank “Emirates NBD”, a fee in amount of 20 dirham (5.5 USD) is charged.
During foreign transactions on a card a fee in amount of 1.99% is charged.
A card is only attached to an account in dirham, i.e. when paying abroad a customer may lose (or win) in exchange rate.
Upon opening of current account, a check book can also be obtained. The first check book is issued for free; cost of further issued books is 25 dirham (7 USD).
We offer assistance in opening a personal saving account in the UAE (“Saving account”) in the bank “Emirates NBD”. A personal saving account, above all, allows obtaining profit from deposition of your own assets.
To open saving account it is recommended to have a resident visa UAE; nevertheless, if a balance on an account is not less than 500,000 dirham (approximately 136,000 USD), you may obtain a status “Priority”, and there will be a chance to open an account without a resident visa UAE.
If you want to open saving account in the bank “Emirates NBD” but you do not have a resident visa UAE (and you don’t want to maintain a balance from 136,000 USD), we also may help in obtaining a resident visa UAE.
UAE visa through registration of a company in the United Arab Emirates!
To open saving account, you must visit UAE in person in order to sign all the forms.
Saving account “Standard” will be available around the clock through ATMs, phone or online banking. Moreover, other services will be provided along with the account. This account allows obtaining profit in amount of 0.25% yearly rate in sum equal to the minimum balance of the account per month. Interest rate is accrued once in a half year.
Saving account “Standard” can only be opened in dirham.
A minimum average monthly balance in amount of 3,000 dirham (818 USD) should be maintained on account. If a balance on an account falls below this defined amount, then the bank will charge a monthly fee in amount of 25 dirham (7 USD).
General characteristics of saving account “Standard”
Possibility of obtaining profit in amount of 0.25% yearly rate.
Tiered saving account (“Tiered Savings Account”) allows obtaining benefits of high interest rates; meanwhile, the bigger the balance of account is, the higher the interest rate.
A minimum average monthly balance in amount of 3,000 dirham (818 USD) should be maintained on account. If a balance on an account falls below this defined amount, then the bank will charge a monthly fee in amount of 25 dirham (7 USD).
Tiered saving account can be opened in dirham, US dollar, or Saudi riyal.
General characteristics of tiered saving account
Account allows obtaining big profit. Interest rate increases along with increasing sum on an account.
Interest rates under account opened in dirham
| Sum of assets on account | Interest rate per year |
| Less than 10 thousand dirham | 0% |
| 10 thousand to 100 thousand dirham | 0.25% |
| 100 thousand to 500 thousand dirham | 0.50% |
| 500 thousand dirham or more | 0.75% |
Interest rates under account opened in dollars
| Sum of assets on account | Interest rate per year |
| Less than 10 thousand USD | 0% |
| 10 thousand to 200 thousand USD | 0.25% |
| 200 thousand to 3 million USD | 0.35% |
| 3 million USD or more | 0.50% |
Saving account “Smart S@ver Account” allows obtaining benefits of high interest rates, as well as flexibility when managing an account online.
In total, on all accounts in the bank “Emirates NBD” it is necessary to maintain a minimum average monthly balance equivalent to 3,000 dirham (818 USD). If balance on accounts falls below this defined value, then the bank will charge a monthly payment in amount of 25 dirham (7 USD).
Account “Smart S@ver Account” can be opened in dirham, US dollar, and British pound.
General characteristics of saving account “Smart S@ver Account”
Interest rates under account opened in dirham
| Sum of assets on account | Yearly interest rate |
| Less than 25 thousand dirham | 0% |
| 25 thousand to 100 thousand dirham | 1.50% |
| 100 thousand to 2 million dirham | 1.25% |
| 2 million to 5 million dirham | 1.00% |
| 5 million dirham or more | 0.75% |
Interest rates under account opened in US dollar
| Sum of assets on account | Yearly interest rate |
| Less than 5 thousand USD | 0% |
| 5 thousand to 25 thousand USD | 1.25% |
| 25 thousand to 1 million USD | 0.75% |
| 1 million USD or more | 0.50% |
Interest rates under account opened in British pound
| Sum of assets on account | Yearly interest rate |
| Less than 5 thousand GBP | 0% |
| 5 thousand to 25 thousand GBP | 1.25% |
| 25 thousand to 1 millionа GBP | 0.75% |
| 1 million GBP or more | 0.50% |
Saving account “Shake n’ Save Account” is a unique account allowing instant accrual of small sums on account, wherever and whenever, using a smartphone. All you need to do is install the application. Interest rate up to 2%!
It is necessary to maintain a minimum average monthly balance equivalent to 3,000 dirham (818 USD). If balance on accounts falls below this defined value, then the bank will charge a monthly payment in amount of 25 dirham (7 USD).
Interest rates under account
| Sum of assets on account | Yearly interest rate |
| Less than 100 thousand dirham | 2.00% |
| 100 thousand dirham or more | 0.25% |
Saving account “Fitness Account” is a saving account that will be linked to results of your fitness activity, and that will reward you with higher interest rates for each step you make. An account allows making up to 4% yearly rate on your savings.
The more steps you make, the higher the interest rate. Moreover, an account allows getting exclusive offers from fitness gyms, sport clothes, and sport nutrition.
Interest rate is calculated daily based on the number of steps you made during the day. You may walk or run to perform these steps.
To control your savings, you will receive a monthly statement under an account.
To start working, you need to pair your wearable devices with a fitness application, or link a fitness app directly to your smartphone.
It is necessary to maintain a minimum average monthly balance equivalent to 3,000 dirham (818 USD). If balance on accounts falls below this defined value, then the bank will charge a monthly payment in amount of 25 dirham (7 USD).
Interest rates under account “Fitness Account”
| Number of steps made per day | Yearly interest rate |
| under 4,999 | 0.25% |
| 5 thousand to 7,999 | 0.50% |
| 8 thousand to 11,999 | 1.00% |
| 12 thousand to 14,999 | 2.00% |
| 15 thousand or more | 4.00% |
Also, a customer may obtain a free life insurance in amount of 50,000 dirham (13,600 USD) for an average number of daily steps not less than 5,000.
Your interest rate is calculated based on your daily balance, and is accrued on a monthly basis.
If a daily balance makes 1 million dirham or more, then interest rate on the total sum will make 0.25% yearly.
Saving account “Currency Passport” will suit customers who want to keep their assets in different currencies, while they want to have only one account. This account also offers attractive interest rates. An account allows easy management of your payments.
General characteristics of saving account “Currency Passport”
Yearly interest rate 0.25%, is accrued one in half year on a minimum value of monthly balance in selected currency.
It is necessary to maintain a minimum average monthly balance equivalent to 3,000 dirham (818 USD). If balance on accounts falls below this defined value, then the bank will charge a monthly payment in amount of 25 dirham (7 USD).
“Mudaraba” is a partner agreement on distribution of profit between supplier of capital and manager of foundation at joint investments. These investments may be a project, a transaction, or a foundation. Upon opening such account, you may obtain profit under the principle “Mudaraba”.
General characteristics of account “Mudaraba”
| Price of our assistance in opening a personal account in the bank “Emirates NBD” for those who have a resident visa UAE | 300 — 500 USD |
| Price of our assistance in opening a personal account in the bank “Emirates NBD” for those who do not have a resident visa UAE | from 550 USD |
| Personal current account “Standard” | |
| Fee for opening a personal current account | Absent |
| Required minimum average monthly balance on current account | 3,000 dirham (818 USD) |
| Fee when average monthly balance on account falls below minimum | 25 dirham (7 USD) per month |
| Debit plastic card | First card is provided for free; further ones – 25 dirham (7 USD) |
| Check book | First check book is provided for free; further ones – 25 dirham (7 USD) |
| Islamic personal current account | |
| Fee for opening personal Islamic current account | Absent |
| Required minimum average monthly balance on current account | 3,000 dirham (818 USD) |
| Fee when average monthly balance on account falls below minimum | 25 dirham (7 USD) per month |
| Debit plastic card | First card is provided for free; further ones – 25 dirham (7 USD) |
| Check book | First check book is provided for free; further ones – 25 dirham (7 USD) |
| Personal saving account “Standard” | |
| Fee for opening personal saving account “Standard” | Absent |
| Required minimum average monthly balance on current account | 3,000 dirham (818 USD) |
| Fee when average monthly balance on account falls below minimum | 25 dirham (7 USD) per month |
| Debit plastic card | First card is provided for free; further ones – 25 dirham (7 USD) |
| Operation fees | |
| Topping up or withdrawal of cash at branch | Up to 6 operations per month – free; later 10 dirham (2.7 USD) for each operation |
| Topping up or withdrawal of cash from debit card in bank’s ATM in the territory of the UAE | Free |
| Balance request on debit card in bank’s ATM in the territory of the UAE | Free |
| Cost of payments on debit card abroad | 1.99% |
| Withdrawing cash from debit card in ATM not belonging to the bank, in the territory of the UAE | 2 dirham (0.5 USD) |
| Balance request on debit card in ATM not belonging to the bank, in the territory of the UAE | 1 dirham (0.3 USD) |
| Withdrawing cash from debit card outside the UAE territory and outside countries GCC | 20 dirham (5.4 USD) |
| Balance request on debit card outside the UAE territory and outside countries GCC | Free if available |
| Transfers using Internet banking, mobile banking, ATMs | Free (if option SHARED is selected, meanwhile, fee of corresponding bank/beneficiary, if available, will be applied) |
| Topping up or withdrawing cash from account in foreign currency | 1.25%, minimum 20 dirham (5.4 USD) |
Even a person who is not a resident of the Arab Emirates (without UAE resident visa) may open personal accounts in the UAE. But because a customer is not a resident, a bank finds that it may not check such person completely. Therefore, it is problematic to open bank accounts for a non-resident.
From the point of UAE bank, those who have UAE visas and those who have not appear differently.
Whereas a person with UAE visa addresses for opening, e.g. salary bank account (i.e. such an applicant who had already obtained UAE resident visa as an employee, lives in the emirates and is employed), then for a bank such a customer appears almost clear. Clear is also the origin of funds that will be coming to a bank account – salary, which will be coming to an account. A bank fully understands why this person needs an account – a person lives in the UAE and therefore needs to have an account and payment cards, which is convenient to pay in the country of staying.
If a person is not a resident, i.e. does not live in the emirates, banks may not understand why he needs an account in the UAE as there are no clear links with the UAE. A person does not live in the UAE, and there are no logical prerequisites for opening an account. Neither banks understand/ can check how an applicant obtained money. A person will provide bank statements, but usually applicants tell about dividends paid somewhat and somehow, as well as about sold businesses. Checking this information to any extent is quite difficult. As result, origin of assets in a person remains unclear. It means, an applicant addressed a bank with an unknown source of money and unclear reasons for opening an account. In this case a bank finds that chances are high that this person’s aim is just to hide money from fiscal bodies of his mother country. Banks consider that there are more chances that such person will perform different obscure and illegal transactions than in an ordinary resident of the Arab Emirates. A bad transaction under accounts in a foreign currency leads to charging of penalty on a bank. Banks are aware of these risks and want to have compensation – a certain part of customer’s money under their management. This is obviously not 1,000 dollars and even not 10,000.
Therefore, it becomes clear why banks of the Arab Emirates do not wish to open accounts for “small-scale” non-resident customers, but if banks nevertheless open accounts for non-residents, they require maintaining a minimum average monthly balance. Therefore, when a bank had opened an account for a non-resident, it will be an account “Private Banking” that has a requirement on a minimum average monthly balance, starting from 100–140 thousand dollars; otherwise, a bank will not be interested.
Besides, a non-resident must prove that he has any relations with the United Arab Emirates, and has to explain why he needs an account here.
A reason for opening an account that will be acceptable for banks may be real estate in the UAE being owned by a non-resident, which is rented. In such case, an applicant needs to accept money for rent, and in the UAE rent is usually paid with cheques. It is therefore assumed that a person will use an account for deposition of these bank cheques.
Another reason for opening an account that is accepted by banks may be preparation for any upcoming deal in the UAE (buying/ selling real estate).
This all must be certified by documents.
As result, opening a personal account in the UAE is always more complicated for a non-resident.
We are ready to help with obtaining a resident visa UAE! Total cost of a visa will be 7,435 USD (27,287 dirham).
To start the process of opening a bank account in the bank “Emirates NBD”, please contact us at info@offshore-pro.info ; we will provide professional advice on any issues of account opening.
After that, you need to pay for our services. This can be made using a bank card, or through system WebMoney or Western Union, or a bank transfer.
Cost of our services on opening account for those who have a resident visaа UAE – 300 to 500 USD. For those who do not have a resident visa UAE – 550 USD.
Immediately after payment, our specialists start to collect necessary documents and information.
On average, term of opening a personal account in the bank “Emirates NBD” is 2 working days from the provision of all necessary documents.
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