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Opening an international bank account in the United Arab Emirates (UAE) can be a good strategic financial move for individuals and businesses seeking to expand their global reach. The UAE has emerged as a leading financial hub in the Middle East, offering a stable and secure banking system that is renowned for its high security and efficiency.
With a range of local and international banks operating in the UAE, you can enjoy access to a wide range of banking services and products such as multi-currency accounts, investment options, and credit facilities.
Additionally, the UAE's tax-free environment and the relaxed regulatory framework make it an attractive destination for investors seeking to diversify their portfolios and maximise their returns. By opening an international bank account in the UAE, you can benefit from the country's competitive interest rates, low fees, and convenient online banking services, all while gaining access to a thriving business community and a range of investment opportunities.
The UAE is home to 26 foreign banks in total. Many of these licences were issued before the UAE Central Bank was founded. Seven banks are from the UK, France, and the US, while the remainder of the international financial institutions are from the Middle East, North Africa, and South Asia. HSBC, Citibank, Standard Chartered, Bank of Baroda, and Habib Bank AG Zurich are a few financial institutions that provide personal banking services.
The existence of foreign banks in Dubai is a sign of the city's appeal as a hub for international finance. International banks are certainly in a good position to assist everyone in achieving their objectives as they have an in-depth knowledge of local markets and solid relationships with important stakeholders. For more than 50 years, HSBC, for instance, has been conducting business in Dubai.
In Dubai, while some banks may provide special services in different fields, most of these multinational banks provide a wide range of services to both businesses and individuals. They can meet the demands of practically any consumer, offering everything from personal banking and borrowing to corporate banking and financial services. As a result, these institutions are essential in assisting in the growth and success of investors as well as enterprises. They also provide important banking solutions for individuals, helping them to live while employed in Dubai.
All these banks, however, have to abide by local laws as set forth by the UAE Central Bank. As a result, they adhere to general regulations regarding business hours, maximum charges, and safety precautions but may have limitations for minimum balances.
In total, there are 86 branches run by international banks in the UAE. This is primarily de to the fact that each one is limited to eight branches. However, they make up for those restrictions with service counters in high-density areas like well-known retail centres.
Here is the list of the major foreign banks operating in the UAE -
The majority of banks typically provide a variety of services to businesses in the emirate - this includes trade financing, commercial lending, investment banking, and more. They can also provide services for account management and currency exchange. Most foreign banks in Dubai also offer one-stop shopping for all corporate banking needs. Your decision, when choosing a bank, will eventually depend on the business banking and financial management services that you require.
A financial institution that can assist you is an excellent bank for you to develop -
The following is the list of top international bank accounts in the UAE -
With this international bank account, you can easily manage your money globally and make the most use of your finances. Here are the salient features of this HSBC international bank account -
You can open this international bank account in any of the following countries -
As part of priority banking, Standard Chartered Bank offers International Banking Services. You can manage your global finances easily across the bank’s international network.
Listed below are the key features of global banking services -
This program enables you to access your finance in India. Here are the features of the Global Indian Program -
With this international bank account program, you can use the extensive global network to seamlessly manage your financial requirements. Check out the key features of the Global Traveller Program below -
Standard Chartered Bank’s Global Citizen offers an integrated approach to financial services that are customised for you, no matter wherever you live. With this service, you can effortlessly manage your finances from anywhere in the world.
Discussed below are the major features of the Global Citizen international bank account Programme -
With Citibank International Banking-Offshore Account, you get to experience the luxury and personalised benefits of offshore banking. You also gain access to the leading markets globally and cater to your financial needs.
Here are the top banking and investing services of this international bank account in the UAE -
Note - Clients must have a minimum balance of USD 200,000 in order to take advantage of this facility.
Here are the key benefits of this international bank account from Citibank -
With this Emirates NBD banking package, you get an opportunity to earn a reward for your loyalty to the services and products the bank offers. The following are the main features of this international banking account package -
When you open an international bank account with Emirates NBD, you get access to the Plus banking package that is loaded with advanced transactional and service benefits. Here are the banking benefits and features of the Emirates NBD Plus Package -
This Emirates NBD Personal Banking package is designed to meet your fundamental banking requirements. To avail of the benefits, you need to maintain a minimum balance of AED 3,000 per month. Keep in mind that if the monthly balance goes below the minimum amount, a monthly charge would be applicable.
Here are the main features of the Classic personal banking packages -
Nomo Bank, a digital bank from the UK, has teamed up with Abu Dhabi Commercial Bank (ADCB) and its Islamic-banking subsidiary - Al Hilal Bank - to expand its footprint in the UAE. This collaboration will allow Nomo Bank to offer its services to users in the region, providing a fresh and innovative approach to banking that is entirely digital.
Through the partnership, Nomo Bank will use ADCB's robust infrastructure and Al Hilal Bank's strong local presence to provide a seamless and secure banking experience for the two banks’ customers. This will include an array of features such as digital account opening, international money transfers, and real-time spending alerts.
You can easily open an international bank account online via Policybazaar.ae, which is a third-party aggregator that hosts the top international bank accounts in the UAE from the major financial institutions in the country. The website is easy to use and enables you to apply for an international bank account within a few minutes.
To apply for a bank account via policybazaar.ae, simply click on the ‘Bank Account’ tab present on the homepage or select the relevant option from the Banking Products option on the menu bar. You will be directed to the lead form - fill it out accurately and click on the ‘Proceed’ button. This will lead you to our bank account quotes page, where you can browse through the best international bank accounts in the UAE and compare the features offered.
Once you have selected the option that meets your requirements, click on the ‘Apply Now’ tab and follow the instructions thereon.
To open an international bank account in the UAE, you need to provide the following documents and details to the bank -
With an international bank account, you can transfer money domestically and internationally, avail yourself of international mortgages, and make international investments.
You should be at least 18 years old to open an international bank account in the UAE. However, keep in mind that different banks can have different eligibility requirements for age.
The list of the top international banks in the UAE includes HSBC, Standard Chartered, Citibank, BNP Paribas Middle East Bank, Royal Bank of Canada, and more.