Emirates NBD, placed among the world’s 100 largest banks, has different types of bank accounts in its offerings. As its customer, you can access numerous benefits with its various bank account types - ranging from savings and current accounts to business and fixed accounts. A distinguishing feature of Emirates NBD bank accounts is that they accept major foreign currencies, including EUR, GBP, AED, and USD. Popular for its round-the-clock service, Emirates NBD bank accounts offer free credit cards, chequebooks, and more.read more ...read more
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In the year 2020, Euromoney recognised Emirates NBD as UAE’s best bank for the fifth time in a row. The bank was formed in 2007 after the merger of two of the leading banks in UAE - The National Bank of Dubai and Emirates Bank International. Since its coalition, the bank has achieved several milestones in offering premium banking services and financial products. With over 89 branches and more than 689 ATMs across the UAE, Emirates NBD forms one of the biggest banking chains throughout the MENAT Region.
Emirates NBD offers a wide variety of banking services and products, with its bank accounts being the most preferred ones. The valued users of Emirates NBD have access to numerous privileges and benefits over various accounts ranging from current and savings account to fixed deposits and business accounts.
Features & Benefits of Emirates NBD Bank Accounts
Emirates NBD is well known for customer satisfaction, banking services and account benefits. Following are some of the key features & benefits offered by Emirates NBD Bank Accounts:
Multiple Currencies: Emirates NBD accepts major foreign currencies like USD, GBP, EUR apart from UAE Dirham, making it convenient for both residents and non-residents of UAE to open an account.
Bill Payment: The customers can enjoy online bill payment facilities across an array of services including electricity, Salik recharge, telephone, road fines and others.
Banking Privileges: The bank provides easy access to the account through online banking, phone banking and ATMs.
Debit Card/Credit Card Facilities: The account holder can avail free internationally accepted debit/credit cards with numerous Emirates NBD bank accounts.
Chequebook Facility: Emirates NBD offers one free chequebook to the account holders for easy fund transfers.
Online and Mobile Banking: Emirates NBD offers 24*7 access to your funds across all the bank accounts through online and mobile banking facilities.
Types of Bank Accounts in Emirates NBD
Listed below are the types of bank accounts offered by Emirates NBD:
Emirates NBD offers various types of current accounts that offer a wide range of benefits along with unlimited daily transactions. Here are the types of current accounts offered by the bank:
Standard Current Account: A standard current account offered by Emirates NBD is a non-interest bearing account that provides a variety of features & easy fund access with utmost flexibility. In addition, this account also offers exclusive services and accepts multiple foreign currencies.
Salaried Current Account: A Salaried Current Account is ideal for salaried individuals only. This account is available specifically to employees of the Emirates NBD payroll relationship. This bank account offers interest and lets the account holder enjoy unrestricted access to their funds and services. The bank account can also be opened in multiple currencies such as AED & USD.
Call Deposit Account - An account holder can invest into a call deposit account with no limitation on transactions. It not only gives easy access to funds but also offers a high rate of interest.
Emirates NBD offers a range of innovative savings accounts that meets account holder’s personal banking needs while helping them grow financially. Following are the savings accounts offered by the bank:
Standard Savings Account - The Emirates NBD Standard Savings Account comes with numerous services like online banking and international debit cards to access the funds easily. The Standard Savings Account offers an interest rate of 0.20% per annum.
Smart S@ver Account - The Smart S@ver account offers higher interest than a normal savings account and provides online banking facility for easy operation. It accepts multiple foreign currencies like GBP and USD apart from AED. The Smart S@ver Account offers an attractive interest rate of 1.75% on funds deposited in AED.
Shake n’ Save Account - The Shake n’ Save account enables its account holders to save a small amount of money instantly at any time and anywhere with just a phone shake. It offers an interest of up to 0.75% per annum and accepts funds in AED only.
Currency Passport Savings Account - It is ideal for customers who want to keep their balance in multiple currencies in one account and gain an attractive rate of interest. The Currency Passport Savings Account offers an interest rate of 0.15%. It also provides online bill payment facility.
Manchester United Savings Account - It is an innovative bank account that shoots up the interest rates every time your favourite team scores a goal. The bank offers a free Manchester United international debit card and a chance to meet the Manchester United team. It provides an interest rate of 0.50% per annum on savings.
Tiered Savings Account - The bank account offers a high rate of interest and comes with a complimentary international ATM/debit card. The greater the account balance, the more is the interest earned. An individual can earn up to 0.50% of interest on a Tiered Savings Account.
Fitness Account - This is one of a kind savings account linked to the account holder’s fitness and rewards them a higher interest on every step they take. Plus, the account holder can avail a wide range of exclusive offers across sportswear, gyms, nutrition and health products. Presently, the Emirates NBD Fitness account offers an interest rate of up to 3% on the funds.
Family Savings Account - Designed for UAE nationals, the Emirates NBD Family Savings Account is a pool of savings of family members. It provides each member (father, mother, husband & wife, daughter & son) with their own savings account and a complimentary debit card. All the account holders can also avail the benefit of the high rate of interest on their individual account balance depending on the pooling of funds from all bank accounts under the family.
Emirates NBD offers various types of fixed deposit accounts with attractive returns and exclusive benefits. Following are the types of fixed deposit accounts offered by the bank:
Flexi Deposit - The Flexi Deposit account offers easy access to the funds during emergencies with the freedom of partial withdrawals, while the remaining amount still earning interest.
Fixed Deposit - Emirates NBD Fixed Deposit account offers attractive returns and various banking services to meet the customers’ needs. An individual needs to deposit a minimum of AED 10,000 for a flexible tenure ranging from 7 days to 5 years.
FlexiSweep Deposit - The FlexiSweep account provides the optimum flexibility & peace of mind when the account holder needs to move their funds across various accounts to meet the shortfall. The FlexiSweep Deposit has a minimum tenure of 3 months with a minimum deposit requirement of only AED 1.
RegulaReturns Deposit - With this exclusive fixed deposit account, the depositor can enjoy the freedom to choose between monthly, quarterly, and half-yearly interest payouts. Available in multiple currencies, this deposit account offers various other banking services that can meet its account holder’s needs.
Steady Saver Deposit - This is a simple deposit account that gives its account holders a chance to earn a high rate of interest month on month. The interest rate can grow up to a maximum of 2.5 percent over the period.
Emirates NBD offers three business accounts to meet customer’s everyday business needs. From basic checking accounts to interest-earning bank accounts, the bank has all the options when it comes to business bank accounts. Following are the Emirates NBD Business Accounts:
Business Current Account - The Business Current Account is ideal for meeting day-to-day financial needs. This Emirates NBD bank account offers a range of facilities to its account holders, including a chequebook, standing order & overdraft facility and bill payment facility.
Business Fixed Deposit Account - This Emirates NBD Business Fixed Deposit Account helps its account holders to grow their balance while maintaining the flexibility they need. The rate of interest is based on the currency and the duration of the deposit.
Business Call Deposit Account - The Call Deposit Account is a flexible & convenient option that accepts multiple currencies. The account holder can withdraw funds from this account by giving a 24-hour notice.
Emirates NBD also offers various Islamic bank accounts with maximum benefits. Listed below are some of the main Emirates NBD Islamic bank accounts:
Islamic Current Account - Emirates NBD offers a Shariah-compliant Islamic Current Account that provides easy access, utmost flexibility & convenience to account holders. The account is available in both AED & USD and for individuals and non-individuals. It offers a range of benefits including international ATM/debit card, chequebook facility and access to the account via online banking, phone banking and ATMs.
Mudaraba Savings Account - Mudaraba is basically a profit-sharing partnership contract between a capital provider (i.e. RAB-UL-MAL) & a Mudareb (i.e. Fund Manager) in a joint investment. This contract can be a project, a transaction, or a fund to create healthy profits.
Mudaraba Call Account - This is a Shariah-compliant Call Account with participation in the common Mudaraba Pool. It offers competitive profit rates and the profit is paid out on a quarterly basis.
Mudaraba General Investment - It is a profit-sharing partnership contract in a joint investment. The minimum deposit amount to open this bank account is AED 10,000, and it is available in two major currencies, i.e. AED & USD.
NBD Wakala Deposit Account - Wakala is ideally a Shariah-compliant contract in which a person, as a customer, can authorise the Wakil (i.e. the Bank) to invest funds in Shariah-approved activities for generating profits. The account accepts funds in AED as well as USD and is available for individuals & non-individuals.
Eligibility Criteria to Open an Emirates NBD Bank Account in the UAE
Individuals need to fulfil certain eligibility criteria in order to open an Emirates NBD Bank Account. Below is the rundown of the basic eligibility criteria:
With policybazaar.ae, you can easily open bank account online in UAE. Let's see the steps -
Step:1- On policybazaar.ae, the official website of Policybazaar UAE, head to the Bank Accounts section.
Step:2- Fill out the form with the specified details.
Step:3- On submitting it, you will get the most relevant bank account quotes.
Step:4- Choose the most relevant Emirates NBD bank account and apply for it.
When you apply for a bank account through Policybazaar.ae, you get to enjoy benefits such as ease of comparing multiple options, availability of best bank accounts from the leading banks in one place, prompt customer service, and more.
Documents Required to Open an Emirates NBD Bank Account in the UAE
Listed below are the required documents for opening an Emirates NBD bank account:
Category
Documents Required
UAE Nationals
Identification:
Emirates Id (original)
Verified copy of Emirates ID & Passport(s).
For Salary Transfer Account:
Copy of Labour Card
Copy of Employee ID
Latest Salary Slip
Copy of Employment Visa Page from the Passport
Residents
Identification:
Emirates Id (original)
Verified copy of Emirates ID & Passport(s)
For Salary Transfer Account:
Valid Salary Transfer Letter
Copy of Appointment letter or Contract Copy
Copy of Pay Slips (less than 3 months old)
Consolidated letter from HR for bulk bank accounts
Recent bank account statement where customer’s salary is being transferred
Non-Residents
Identification:
Passport (original for validation & photocopy for records)
Copy of a Valid Visit Visa
Anyone amongst the following:
Utility Bill (3 months old)
3 months old bank statements
Reference letter from bankers in home country confirming the length and nature of the relationship (minimum 12 months) & the residential address of the applicant as per the bank’s records
GCC Nationals
Identification:
Original Passport/UAE National ID
Copy of Passport
For Current or Checking Accounts:
Labour Card (original) & copy for records
Work permit (original) & copy for records
Letter from Employer
A valid UAE National ID
Copy of last 3 months electricity /telephone Bill
Valid Tenancy Contract in the Customer’s Name
Bedouins
Identification:
Letter from Ministry of Interior stating the applicant is Bedouin.
Labour Card (if employed)
Another Government Photo ID (if not employed)
Illiterates
Identification:
2 Passport Size Photos
Non-Individuals
Identification:
Copies of passport & EIDA of all directors/signatories/owners
MOA (Memorandum of Association)
Board Resolution
Trade License
see more
Note: The applicant may need to submit some additional documents at the sole discretion of the bank.
In order to open a bank account with Emirates NBD, you can simply visit any of the nearby Emirates NBD branches or visit the bank’s website.
How can I access the funds in my Emirates NBD bank account?
You can get round the clock access to your Emirates NBD account through ATMs, dedicated phone banking and mobile banking service.
How can I update my registered address on the Emirates NBD bank accounts?
You can update your registered address by visiting the nearest bank branch, contacting your bank relationship manager, or by logging into online banking.
Am I eligible to get a free chequebook?
Emirates NBD current account holders are eligible to get a chequebook. They can avail the first chequebook free of cost, while the subsequent chequebooks will incur a nominal charge.
How do I close my Emirates NBD Account?
For account closure, you are required to visit the nearest bank branch to submit the request for closing your Emirates NBD bank account. Alternatively, you can call the bank support team to help you out with the account closure process.
How will I get my account e-statements in Emirates NBD?
Your account e-statement will be sent in PDF format to your email address that has been registered in the bank’s records.
What are the currencies in which I can open a bank account in Emirates NBD?
Emirates NBD accepts major foreign currencies like USD, GBP, EUR in addition to UAE Dirham to open bank accounts. However, not all accounts accept foreign currencies, and it must be checked prior to applying for a specific bank account.
How long will it take to open an Emirates NBD account?
It takes two business days to open your Emirates NBD bank account.
Can I open multiple accounts in Emirates NBD?
Yes, you can open multiple accounts in Emirates NBD; however, they should not be of the same type. For example - A person can apply for a current bank account and at the same time can also open a fixed deposit account. But he/she cannot apply for an additional current account again.
Can an expatriate or a non-resident apply for a bank account in Emirates NBD?
Yes, an expatriate or a non-resident of UAE can also apply for a bank account in Emirates NBD. However, not all bank accounts are available for non-residents and expats.
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Competitive rate of interest
Instant account opening
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