Bank Accounts in the UAE
Open bank account instantly with zero maintenance fees
Whether a professional or into a business, the Citi Current Account is designed for offering convenience and simplicity for all the financial dealings of the account holder. This account lets the account holder experience more flexibility to manage their daily finances.
The Citibank Current Account comes with a lot of financial benefits for the account holder including free withdrawals, debit card, cheque book and many more.
Following are some eminent benefits and features of this current account.
The bank provides the account holder with a debit card, which is accepted globally. They can use this debit card for making transactions throughout the world.
The account holder may get a personalized cheque book with these bank accounts. They have the facility of unlimited checking on the Citibank Current Account.
This Citibank account is available to the applicants in various major currencies of the world.
The Citibank charges no fee on the withdrawals equal to AED 10,000 (maximum) through Citibank ATMs anywhere in the world (in case of current and savings account). On withdrawals made through non-Citibank ATMs, the bank will charge a fee of AED 2 on every transaction made within the UAE & AED 20 on every transaction made offshore.
The Citibank Current Account Minimum Balance Requirement is AED 3,000 for every month.
The account holder can avail banking services 24/7 through the Citibank mobile and online banking and Citiphone services.
For Citibank Current Account Opening, the applicant has to meet certain eligibility requirements as determined by the bank. Here are the eligibility criteria for opening this account in the UAE.
|Age||18 years (minimum)|
|Residence||UAE Resident only|
|Minimum Average Monthly Balance||AED 3,000|
To open this Citibank Current Account in the UAE, the applicant has the following options available.
Citibank offers its customers a safe and user-friendly online banking portal. The applicant can get their accounts opened easily through this portal anytime and anywhere.
The applicant can visit the nearest branch of the bank for getting their Citibank account opened. They have to fill the form at the branch and submit it along with the required documents.
The hopeful can call on the official customer care number of the bank, which can be found on the bank’s official website.
Before anything else, the account holder should transfer their account balance (if any) to the other bank account. The account holder has the following ways of closing their current account in the UAE.
Note: When closing their accounts, the account holder must get a written confirmation for their own records.
Question 1: Can I open this account in any currency other than UAE dirhams?
Answer: Yes, the Citibank Current Account is available in a variety of major currencies of the world apart from UAE dirhams.
Question 2: Do I have to pay any charges for setting up standing instructions on my account?
Answer: Yes, you have to pay a fee of AED 50 for setting up standing instructions on your Citibank account.
Question 3: Do I have to pay any charge on withdrawals I make through the ATMs within and outside the UAE?
Answer: The Citibank charges no fee on the withdrawals equal to AED 10,000 (maximum) through Citibank ATMs anywhere in the world (in case of current and savings account). On withdrawals made through non-Citibank ATMs, you will have to pay AED 2 on every transaction made within the UAE & AED 20 on every transaction made offshore.
Question 4: What is the minimum balance required for this account?
Answer: The Citibank Current Account Minimum Balance Requirement is AED 3,000 every month.
Question 5: What all customer service can I avail with this bank account from the Citibank?
Answer: You can avail the following customer services with your account.
Question 6: Do I have to pay any monthly fee on this Citibank Current account?
Answer: In case your monthly average balance goes below AED 3,000, only then, you will have to pay a monthly fee of AED 25. If you maintain the minimum average balance, then you do not have to pay any such fees to the bank.
Question 7: Do I have to pay any fees for getting additional bank statement?
Answer: Yes, you will have to pay a charge of AED 25 for getting an additional bank statement.
Question 8: Do I have to pay any charge for closing my Citibank current account?
Answer: Yes, you will have to pay a fee of AED 100 if you close your account before one year.