Which Bank is Best for Non-Residents in Dubai?
The banks in Dubai are capable to meet the requirements of people who do not live in the UAE thus, the range of services designed for the expats and foreigners is vast. Below, you will find some of the best banks in Dubai for non-residents, which also have their advantages.
Emirates NBD
Currently, Emirates NBD is often referred to as the best bank for non-residents in Dubai thanks to the company’s vast offer and fairly liberal approach to client identification. Non-resident banking services include personalised banking packages that cover personal loan, credit cards, and investment. Emirates NBD also boasts a solid and strong digital banking strategy that enables non-residents conduct their banking activities online seamlessly.
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HSBC UAE
Touted as one of the world’s largest banks, HSBC offers a wide rage of services in Dubai and is ideal for foreigners. HSBC also provided with facilities that let open international bank accounts which can be controlled from any part of the world. It offers the international money transfers, the multicurrency accounts, the financial and wealth management services, the foreign exchange and the other products for non residents.
Mashreq Bank
Mashreq Bank is recognised across the region as a bank that is continually searching for new ways to offer banking services while having a vast network. This includes services specially tagged for non residents namely personal loans, money remittance services and insurance products. Another advantage for Mashreq is that the group maintains leading digital banking abilities allowing non-residents to use various services and perform operations through the Internet.
Standard Chartered Bank
Specifically, Non-residents may access a number of these services offered by the Standard Chartered Bank in the following manner;
- Savings Services: A high-interest savings account for Non-residents known as the special savings account and Fixed Deposits
- Strong Finance Solutions: Non-residents may access a number of flexible loan products in the bank known as strong finance solutions
- Digital Banking: Standard Chartered Bank offers a number of digital services that meet the needs of Non-res However it is widely used by young working professionals and expatriate living in the country specifically because of its efficient mobile banking and other perks associated with its usage such as cash back incentives and discounts.
Abu Dhabi Commercial Bank (ADCB)
ADCB also provides strong banking services for non resident customers in personal and business banking. It is effective especially in customer relation and offers broad field of financial services including the expatriate personal loans and trade finance services.
Should I open a bank account in Dubai as a non-resident?
Companies and individuals can use the following criteria when selecting a bank: The availability of an online account, the convenience of opening an account and the range of services offered by the bank. For the Non-residents, Emirates NBD, HSBC UAE, Mashreq Bank, Standard Chartered and ADCB are also good options with customized services for clients.