Articles

Personal Bank Account in the UAE: Choice for the Wise

by International Wealth Marketing manager

Why do people open a bank account abroad if they can use a bank back home? First of all, diversification is the best way to protect your assets, and this is a maxim. Second, foreign banks may provide access to better services and wider investment possibilities than the banks of your country. For example, banking institutions often have closed investment offers for their customers that are never publicly announced. Finally, having at least two bank accounts adds safety to your life: if one of them is blocked due to some minor suspicion, you will have another one to rely on.

In this post, we are going to look at the UAE, a perfect banking destination for those who value high-quality services and reliability. We would like to invite you to our portal for more info on different international banking destinations. You will also be able to book a free initial session with our expert to choose an ideal destination for you (it will be an offer tailored to your needs). And if you want us to help you with account opening, our experts will do their best to set up an account for you with minimum effort on your part.

Dubai Bank: Overview

Our experts will recommend a reliable bank in Dubai that is part of a highly-reputed international financial group. It operates in Beijing, Singapore, Indonesia, London, and the Middle East and offers an extensive range of services to resident and non-resident customers.

The Dubai-based bank is one of the best-known financial institutions in the Middle East, and it serves individuals, families, and legal entities. Foreigners with a considerable fortune who need high-class banking services will find everything they need here.

With our help, you will be able to conveniently open a personal bank account in Dubai without leaving the comfort of your home. You can choose USD or EUR and enjoy seamless financial operations at reasonable fees that will fulfill all your requirements.

You probably know that it is harder for a non-resident to open a bank account abroad than for a resident as financial institutions are naturally suspicious of being involved in an international scandal. While some banks may see a non-resident customer as a problem, the Dubai-based bank we recommend sees foreigners as an opportunity and seeks ways to simplify onboarding.

The bank has an investment team that works hard to explore all new investment opportunities that appear in the market to offer them to the bank’s clients. They look much beyond the UAE and search on a global scale, which provides truly amazing opportunities.

Finally, let’s mention that the Dubai bank we offer has multiple local and international awards for its activities in private banking, capital management, and so on. And if you seek a reliable institution to entrust your capital management to, you have found it.

Bank Services

The private bank in Dubai we recommend offers a wide range of services some of which may be very important to you:

  • All traditional banking functionality: quick and easy transfers, convenient currency exchange, and simple account management remotely.

  • You can get debit and credit cards to make payments and withdraw cash at ATMs, including special offers like Visa Elevate, Visa Infinite, Skywards Signature, MasterCard Titanium, etc.

  • You can get valuable expert advice on existing investment opportunities.

  • Those who need to perform trade transactions will appreciate the bank’s smooth and efficient procedure. 

  • If you want to entrust your investment portfolio management to the bank, it will do so in the most skillful way to increase your profits and help you reach the financial goals you set.

  • Need a loan? The bank can provide loans against different collateral (life insurance, IPO shares, real estate, etc.).

  • If you need competent management for your trust or real estate, you can delegate this procedure to the bank.

  • If you need an advisor on real estate matters, you will find a competent one in the Dubai-based private bank.

  • Finally, the bank offers different insurance products tailored to your needs to provide coverage against multiple risks.

Dubai Private Bank: Account Management

We are getting used to the fact that more and more things are done remotely these days, and even large capital management is not an exception: you can open an account online with our help, and you will manage it remotely as well using a convenient mobile app and a secure banking platform. It will help you save on transaction fees considerably.

Need personal communication with the bank’s employees? You are welcome to contact the institution by phone or fax!

Dubai Bank Fees

Let’s look at the fees charged by the bank for its services:

  • You can transfer money using apps at no fee.

  • AED transfers outside the UAE: AED 105 (charged by the UAE’s Central Bank).

  • You can get an account statement on a regular basis at no fee.

  • You can deposit or withdraw amounts in foreign currency at 0.79% of the sum. In any case, the minimum fee cannot be less than AED 21.1.

  • You will need to pay fees for the card issuance and usage, but they will depend on the card type.

  • If you withdraw cash in AED, the fee will range between AED 2.1 and AED 21.00 depending on the country where you decide to withdraw the money.

Opening a Dubai Account: Documents Required

If you are a non-resident, you will need to submit the following documents to the Dubai private bank:

  • A copy of your international passport

  • Proof of the origin of your funds

  • Filled out bank forms, including the Know Your Customer documents

  • A detailed CV that shows your professional experience and related background

  • A deposit in US dollars or euros

The usual deposit amount is 3 million. However, the bank can adopt an individual approach and consider alternative options – for instance, depositing the whole amount in 1 year.

The private bank is not designed for commercial purposes, and it can only be used by trusts, funds, and individuals.

The bank has the right to request more documents before it agrees to onboard you.

Interested in the Dubai bank opportunity? Have some doubts to discuss? Click on the above link to get in touch with our experts – it’s free!


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About International Wealth Junior   Marketing manager

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Joined APSense since, December 27th, 2022, From Charlestown, Saint Kitts and Nevis.

Created on Oct 20th 2023 02:10. Viewed 143 times.

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