How to Open Bank Account in UAE for Resident and Non-resident?

Are you looking for how to open bank account in UAE? Search no more, as this article will contain information on how to open bank account in UAE online, and how to open bank account in UAE for non residents.

It’ll also include the 11 best bank account in UAE, requirements for opening bank account in UAE, how to open a bank account in Dubai online, how to open a bank account in Dubai for non residents, minimum salary to open a bank account in Dubai, and can I open a bank account in Dubai without emirates ID.

As the financial center of the Middle East, opening a bank account in the UAE is incredibly easy. This handy guide explains it all.

Opening a personal bank account in UAE is just like anything else. In a country that has turned luxury into an art form, most things are available through home delivery, so why should banking be any different? Once you get your residency permit, all you need to do is call, sit back and dispatch an agent to your home or office.

In this guide, we’ll explain everything you need to know about accessing banking services in the UAE, including how to open an Emirates bank account, what documents to submit and how to close a bank account. The guide contains the following sections:

Banking in the United Arab Emirates

The UAE has a robust banking sector which is regulated by a central bank established in 1980. There are about 50 local and foreign banks in the country. Rating agency Moody rates the UAE’s banking system as stable due to resilient bank capital levels and liquidity buffers. Banks in the UAE are mainly financed by deposits. In addition, the strong capital levels provide a large loss-absorbing buffer.

Four types of banks operating in the UAE, namely:

• Commercial banks
• Investment banks
• Industrial banks
• Islamic banks

In recent years, banks in the UAE have expanded their services to cater to consumers aware of Islamic financial requirements with Shari’a banking services. There are eight full Islamic sofas and 23 Islamic windows made by conventional banks in the UAE. Together, these institutions represent 19% of the total assets of the banking sector.

Banks in the UAE have adopted several global standards, including the International Accounting Standard, the International Financial Reporting Standards, and, more recently, the capital adequacy rules under the Basel III regulations. All banks operating in the UAE offer services in English and Arabic.

How To Open Bank Account In UAE?

While it is possible to manage your money with a foreign account, most ex-pats benefit from having a local bank account in the UAE. First, employers may require you to have a local account. Second, while the UAE’s banking system is well connected to other countries, local lenders may be unwilling to transfer money abroad due to the high costs involved. Third, a local account makes getting credit cards and getting a car loan or home mortgage easier.

Before opening a bank account in UAE

If you have just moved to the UAE, you can easily withdraw money from local ATMs, but there is often a fee for each transaction. These costs can go up to AED 25.

Shopping is easier with a credit or debit card, and retailers in the UAE accept a wide variety of card memberships, including Visa, Mastercard, American Express, and China Union Pay. However, some transactions, such as short taxi rides or small purchases, are best done in cash.

Many employers put in a little money upfront for essentials, such as a security deposit for the rent of a house, and living expenses.

In theory, it is possible to open a savings bank account in the UAE before disembarking. However, these accounts have high minimum balance requirements. It, therefore, makes sense to wait until you are actually in the UAE and have your residence visa stamped in your passport before opening a bank account.

Types of Bank Accounts in UAE

As in other countries, banks in UAE offer different types of personal accounts for residents and non-residents.

Checking Bills

These are great for daily transactions and wire transfers. They also come with a chequebook, which you must hand over to the landlord. Typically, banks in the UAE offer two types of checking accounts, with and without salary transfer. If you are employed, it is wise to open an account with your company’s bankers. This is to make sure you get paid as soon as you switch. At another bank, transfers can take a day or two longer.

Savings Account

If you want your money to work for you, ask about a savings account. They typically offer higher interest rates than current accounts, but may have limited access to funds and may have penalties for withdrawals. Savings accounts can offer a fixed or variable interest rate. You can choose to express them in dirhams, US dollars, euros or British pounds. Savings accounts also work like payroll accounts, but usually have the benefit of a chequebook.

Investment Accounts

Banks operating in the UAE also provide investment services. You can open an investment account by signing an investment agreement with the bank. These contracts can range from 12 months to five or 10 years or longer. These agreements cover the management of your funds with a guaranteed minimum return of 3-7% or more per annum. However, minimum investment funds differ from bank to bank.

Foreign Accounts

As a haven for ex-pats, offshore banks from jurisdictions around the world provide representation in the UAE, mainly Dubai. Anyone with a valid UAE residence visa can open an offshore bank account to import and export funds. Offshore banking is generally considered stable, reliable and secure, and many offshore accounts also have clear financial and legal benefits, such as lower tax rates.

In the UAE, offshore banking encompasses a range of services including asset protection, private bank accounts, wealth management, portfolio management, tax advisory, succession planning and business creation. Some of the top banks include HSBC Offshore, Abbey National Offshore, ABN Amro, Dresdner and Barclays.

How to open a bank account in UAE as an ex-pat

Entering into a banking relationship in the UAE is quick and efficient. In general, the process takes a day or two to a few weeks, depending on the type of account. Different accounts require different documents.

Requirements For Opening Bank Account In UAE

Expats can open bank accounts in the UAE within a few working days. As a resident, the basic requirements for opening a personal savings or checking account are:

• Your original passport plus a copy
• A copy of your visa page proving that you are a resident of the UAE
• A salary certificate (get one from your company’s HR department)
• Some banks may ask for your Emirates ID card, but you can usually provide it later if you haven’t received it yet. Instead, they can simply request a copy of your Emirates ID registration form.

Non-residents can only open savings accounts. While you can’t ask for a chequebook, you will be given a debit card to withdraw money. In addition, a minimum and/or maximum balance applies to accounts of non-residents. A bank may also decide to conduct a background check before allowing you to open an account.

Requirements For Opening Bank Account In UAE for non resident

In addition, non-residents may be asked for the following documents:

• Last electricity bill
• An original letter of reference from another bank where the applicant has an account
• The most recent semi-annual personal bank statement from the applicant’s home country or anywhere in the world
• Information about the origin of funds received

Mobile banking in the United Arab Emirates

The UAE’s love of all things technological extends to the banking sector. Thanks to the offer of two banks, residents can now open accounts over the Internet through a smartphone application, namely:

• Liv, supported by Emirates NBD
• Neo, powered by Mashreq
• Pay with mobile phone

Once you’ve downloaded the app, scanned your Emirates ID and topped up your account, a local delivery service will contact you within a day and return your new debit card. Usually, these cards work internationally and at various ATMs. Residents are also given IBAN account numbers and Swift codes, so transfers to and from any other bank account are possible. Most established banks offer internet and mobile banking.

Open a Business Bank Account in UAE

If you need a bank account for business reasons, you must first set up a business and then open an account. The UAE regulations do not allow you to do business through a personal account. In general, your business account needs to be a checking account to allow for a large number of transactions. The process takes two to four weeks.

Expats in the corporate account market need an extra set of documents. While these vary by bank and business type, they may include:

• Company Commercial License:
• registration certificate
• Share certificates
• Corporate Memorandum and Articles of Association
• The decision of the board of directors authorizing a company director to open the account
• Copies of passport and visa for shareholders and authorized signatories

How To Open Bank Account In UAE For Non Residents?

How to open a bank account in UAE for non-residents? When you are ready to start your long journey of life in the UAE, you will be full of questions, doubts, and excitement. One thing you don’t want to leave to chance is setting up your bank account and ensuring access to money. In this section, we will explore how easy it is to open a bank account in Dubai from the UK, USA, Canada, Philippines and which bank is best for you.

The UAE has the most diversified economy in the Gulf Cooperation Council and the second-largest economy in the Arab world (after Saudi Arabia), bringing with it a well-developed banking sector. Both Dubai and Abu Dhabi (the country’s two largest cities) are major economic centers, so wherever you stay, there are plenty of banking options to suit your needs. If you need a non-resident bank account in Dubai or anything else to support your life there for the long term, you will not be disappointed.

Can I open an account abroad?

The UAE is quite a unique country as its inhabitants make up only about 15% of the population. Most of the people living, working, and banking in the UAE are expatriates, so the economy and banking system are well prepared to deal with foreign workers opening bank accounts. It’s worth doing if you can manage it because you can arrive knowing your money is safe and you can access it from day one.

Opening an account abroad will not be particularly easy, as many accounts require a signature in the presence of a bank employee. You can also open an account remotely, giving a financial advisor legal permission to act on your behalf. Not all banks accept this solution, so call first to find out. A final option is to use an online bank account like Ally Bank, which will allow you to access your money from anywhere in the world (not having access to a physical office is a definite drawback).

How To Open Bank Account In UAE For Non Residents And Residents

If you are staying in or visiting the UAE and do not intend to register as a resident, you can still open a non-resident bank account in Dubai. The standard documentation requirements for opening an account are your passport, a letter from your employer, your UAE ID card, a copy of your visa, and a local utility bill with your address.

If you have a residence permit, this is a simple process and you should leave the bank with your account ready. Many of these documents cannot be obtained for non-residents, but given the number of expatriates living in the UAE, most banks can still open accounts for non-residents. Background and financial checks will probably take longer, but with a little patience, you’ll still have a working account before you know it.

Opening bank accounts for children in the United Arab Emirates

Regulations of the Central Bank of the UAE stipulate that only persons over 21 years of age can open bank accounts. An 18-year-old can only open his account if he is employed by a government or semi-government agency. Below these ages, children need help from a parent or guardian.

It is important to note that the regulations of the central bank of the UAE only allow parents to open bank accounts for their children as they are considered their natural guardians or guardians under Sharia law. Mothers, even if they are legally responsible, cannot open accounts for their children. Once the father has created an account in the name of a minor, the father can give a power of attorney so that the mother can continuously manage the account without having the father around.

However, banks in the UAE offer a wide variety of savings accounts for children. Islamic banks have taken the lead in this. To instill the habit of saving from an early age, children are enticed with cash boxes, special cartoon characters that teach the ABCs of saving, free prepaid cards, and colorful welcome packs.

Under the laws of the UAE, parents cannot withdraw money until the child has reached the age of 18.

The requirements for opening bank account in UAE for a child are as follows:

• The child’s original passport plus a copy
• Original passport of the parents plus one copy
• A copy of the visa pages for the child and guardian
• Guardian Salary Certificate
• Copies of the Emirates ID card for both

What to do if you are denied a bank account in the UAE?

While it is extremely unlikely that a bank will refuse to open an account for a legally resident expatriate abroad, they have the right to do so if you could pose a risk.

Each bank has its own rules regarding a customer profile and its minimum activities and transactions. Customers, therefore, have specific requirements at almost all banks.

A bank may refuse to accept you as a customer if you do not provide documents confirming your identity, employment status, and the nature of your work. In addition, customers may be rejected for the following reasons:

• If another bank has blocked your account due to suspicious activity
• You cannot confirm a source of money
• You have repeatedly violated the minimum balance requirements or, in the case of business accounts, a minimum account turnover
• If you are on a restricted person list (i.e. a foreign politician or known criminal)

All banks in the UAE are regulated by the Central Bank of the UAE and to comply with international standards and requirements, the Central Bank has established a KYC Know Your Customer Policy. As usual, banks in the UAE will ask you a few questions and comments about your account transactions before and after you open your personal or business account.

Choosing a bank account in the United Arab Emirates

With the high percentage of expatriates in the UAE, you will find that the banks operating in the country are particularly tailored to your needs. However, there are some factors to consider when buying a bank account in the UAE. But before you call, ask yourself – and the bank employee – the following questions:

• What is the minimum required balance?
• When and why might you have to pay fees and fines?
• Are there any salary transfer requirements?
• How many withdrawals can you make per month?
• What fees apply to new checkbooks and debit or ATM cards?
• Transfer money abroad? If so, where and how long do transactions take to your home or destination country?
• Is there an ATM near your home and office? International banks generally have fewer branches than local branches.
• Does your employer bank with them? Sometimes it makes sense to open an account with your company’s bankers so that you can access your paycheck on the day of the transfer.
• Who do your colleagues bank with and what problems did they have?
• What happens if you lose your job but have an outstanding loan? Can the bank freeze your account?

Banking in the United Arab Emirates

Foreign residents of the UAE can take advantage of a range of services from local and international banks operating in the country. You can choose to go with your current bank when purchasing these services or enter into a relationship with a new bank.

Credit cards

Expats with a monthly minimum wage of AED 5,000 are eligible for a credit card. Those who do not meet this requirement can deposit AED 60,000. The UAE’s high consumer economy means residents have a wide variety of payment cards available, with perks such as airport lounge access, airline miles, restaurant discounts, and more.

Car Loans

Car loans are easily available in a country where the car you drive is often considered an indicator of your status. That said, local regulations only allow customers to apply for loans that cover 80% of the cost of their car. The last 20% must be paid as a deposit. So if you want that damn Lamborghini, you still have to pay a decent amount. The maximum repayment term is 60 months or five years. However, a maximum repayment term of three years applies to a used car.

Personal Loans

Residents of the UAE can take out various personal loans. This can be a cash loan on the back of a credit card or a more traditional bank transfer obtained when visiting a branch. Look no more than 20 times your monthly salary – the regulations don’t allow that. The maximum repayment term is 48 months or four years.

Can I Open A Bank Account In Dubai Without Emirates ID?

The applicant, be it an ex-pat or a visitor, must be physically present to confirm the opening of the account as a bank employee must witness the signing of the application and other documents. In some cases, you may need the assistance of a financial advisor like us at Europe Emirates Group to serve as your representative to help you open your account remotely.

If you need help making this crucial decision with a wide range of local banks and a growing international presence, our team has experience opening accounts for non-residents for both personal and business purposes. We can make a detailed comparison and work on preparing the listed documents you require on your behalf, as well as processing any financial transactions you require. We are on hand to discuss with us which companies are the right fit for the sector based on the functionalities they offer.

Which bank to choose?

For a long-term stay in the UAE, it’s worth using a national/local bank for better access and more control over what happens to your money.

These are some of the most popular banks in the UAE:

• Emirates National Bank of Dubai (Emirates NBD) – 250 ATMs and Branches
• First Abu Dhabi Bank (FAB) – 100+ ATMs and Branches
• Abu Dhabi Commercial Bank (ADCB) – 11 ATMs and Branches
• Islamic Bank of Dubai (DIB) – 10 ATMs and Branches
• Abu Dhabi Islamic Bank (ADIB) – More than 700 ATMs and 80 branches in Dubai

In Dubai you will also find some well-represented international banks:

• HSBC – 67 ATMs and 10 branches
• Standard Chartered Bank – 14 ATMs and five branches
• Citibank – 48 ATMs and two branches

The standard Emirates NBD current account offers a free debit and credit card, and you can open the account with any approved foreign currency. The account comes with an easy-to-use mobile app and you can also get pre-approved overdraft services. If you want an account that can be more flexibly adapted to your needs, the FAB Personal Current Account can be a good option. You must be a resident to sign up, but you have access to a free MasterCard debit card and access to premium lounges at select airports.

For those looking for freedom to move their money around, the ADCB current account is perfect, with free internal transfers, a mobile application, and also many options for online banking. If cash is king for you, the FGB Current Account is attractive. Unlimited withdrawals and access to an impressive number of partner ATMs mean you can find money quickly and easily with FGB.

If you want your bank to help you organize your life, the DIB Al Islami current account offers DEWA or SEWA payment facilities for utility bills (water and electricity) plus a free checkbook.

The ADIB current account is another ideal bank for those who want comprehensive access. The 700 ATMs and highest withdrawal limits are combined with one of the most user-friendly mobile apps in the UAE banking system.

11 Best bank Account in UAE

The UAE has one of the best performing banking sectors in the world. It has hundreds of banks that offer tons of great features and benefits to all their customers. The best are attractive interest rates and nominal account opening fees that make the bank accessible to everyone.

By opening a UAE savings account with one of these banks, you can easily save your money and make a profit. But before you settle into a bank, we recommend that you do some online research and compare all the advantages of each bank. You can review the offers, benefits, financial terms, conditions, policies, etc. to ultimately make an informed decision.

Here is a list of the top 11 savings accounts in the UAE that offer a wide range of benefits to account holders as well as attractive interest rates. You can choose any of them to manage your finances better than ever.

1. Standard NBD Emirates Savings Account

This is one of the best savings accounts in the UAE. It offers a wide range of other features and benefits, including mePay. Facilitates online transfers for account holders. With mePay you no longer need to enter the full account details of the recipient, you can make transfers via mobile banking. The best thing about the bank is that it offers an enhanced Chip & Pin card to help you protect your bank account.

Features and benefits

• Internet banking facility
• Telephone banking facility
• Free international debit card
• Easy bill payments
• Free local and international shipping
• Minimum required balance – aed 3,000
• Interest – 0.20%

2. National Bank of Fujairah Max Savings Account

This is one of the best bank accounts in the UAE. It comes with higher win percentages on the balance in your account. The bank charges interest on the daily balance and pays it monthly. It gives you the flexibility to make a monthly withdrawal that will not affect the interest you earn.

Features and benefits

• Available in AED and USD currencies
• Calculation of daily interest (paid per month)
• 1 monthly withdrawal
• Maximum 2 savings accounts per customer
• Minimum Required Balance – AED 0
• Interest – 1.50%

3. CBI Savings Account

The bank gives you easy access to your bank account with the advantage that you can withdraw money as often as you want. The best thing about this bank is that you can access your account from anywhere.

Features and benefits

• The convenience of joint account
• unlimited recording
• The account only available in AED
• Free international debit card
• The interest is calculated every month
• Can open accounts for minors
• Minimum Required Balance – AED 3,000
• Interest – 1.75%

4. RAKBank FastSaver Account

The bank allows users to open a zero-balance savings account. It offers a wide range of benefits at low rates. The best thing about this savings account is that there is no limit on how much interest can be earned.

Features and benefits

• free debit card
• 5 payments of utility bills per month
• No extra costs for paying energy bills
• No minimum balance required
• 1 withdrawal per month
• Minimum Required Balance – AED 0
• Interest – 0.50%

5. ADCB Active Saver account

The bank offers a simple procedure for opening a savings account. You can also open an account online without needing many documents. You must be 21 years of age or older to open an account with this bank. The bank does not allow the opening of active savings account for a minor. The best thing about this bank is that you can open an account online and you don’t have to go to a branch for additional documentation. You can easily log in to ADCB Personal Internet Banking and have an account number generated online.

Features and benefits

• Available in AED, USD, and GBP
• Easily transfer money online
• 5 active savings accounts per customer
• Earn and redeem touchpoints for food, shopping, and entertainment
• Daily interest calculation
• Monthly Interest Payment
• Minimum Required Balance – AED 0
• Interest – 1.30%

6. Emirates Islamic Electronic Savings Account

The bank provides a savings bank account that you can access online and take advantage of the benefits. The bank comes with several attractive offers and benefits such as no limit on the number of transactions.

Features and benefits

• Quarterly results
• No monthly transaction restrictions
• No minimum balance required
• Available in AED and USD
• Minimum Required Balance – AED 0
• Interest – 1%

7. XtraSaver Standard Chartered Account

The bank offers savings accounts for residents and non-residents of the UAE. The bank account can be accessed online with a wide range of benefits. The bank offers contactless debit cards to help account holders make transactions easy.

Features and benefits

• Online banking facility
• Telephone banking facility
• free debit card
• The account can be accessed in AED and USD
• UAE residents and non-residents are eligible
• Minimum Required Balance – AED 0
• Interest – 1.10%

8. Mashrek Set up Savings Account

Mashreq bank offers a huge range of benefits for account holders. The bank offers various rewards and benefits based on the balance in the bank account. Setting up a Mashreq savings account offers several great opportunities to save money and get a higher return.

Features and benefits

• Up to 10,000 free Salaam Points
• The account is only available in AED
• Intensifying the Saver .’s 18-month service
• Existing customers can open Step up Saver Online
• Interest credited at maturity or settlement
• No checkbook
• Minimum Required Salary – AED 5,000
• Minimum Balance and First Deposit – AED 10,000
• Easy Salaam Rewards
• Interest – 2%

9. ADIB smart bank account

The bank offers the best savings account in the UAE. It comes with a wide range of rewards and benefits. Only UAE residents aged 18 or over are eligible to open this account. The bank offers unlimited free transactions at more than 80 branches in the UAE.

Features and benefits

• Profit on account balance
• Salary Transfer Rewards
• Students and housewives are also eligible
• Lifestyle and meal discounts
• Withdraw money without a card
• Free International and Domestic Shipping
• free debit card
• Minimum Required Balance – AED 0
• Interest – 0%

10. ENBD Mudaraba Savings Account

The bank comes with a wide range of features to help account holders manage their finances. The savings account is available in multiple currencies.

Features and benefits

• By Shariah
• Available in AED and USD
• Only for private individuals
• Minimum Balance – AED 3,000
• Interest – 1.35%

11. Al Hilal Bank – Ahlan

The bank allows users to open an account in three easy steps: register your documents, share your details and receive your debit card at your door. The bank comes with a wide range of features that help account holders manage their finances in a variety of ways.

Features and benefits

• No charges or fees apply
• No minimum balance required
• Interest calculated on the average monthly balance
• Attractive rewards and prizes
• Minimum Required Balance – AED 0
• Interest – 0%

Banking Costs

While many of the ATMs in the country of your chosen bank are free, one of the important changes to watch out for is the minimum balance requirements. The minimum balance for some of the above accounts is around 3,000 United Arab Dirhams (AED), which works out to around £603. Letting your account go below this amount could incur hefty fees, so it’s a good idea to keep an eye on your account balance and understand your own bank’s billing system.

Opening a bank account in Dubai from the UK will not be difficult as long as you have all the correct documentation. The large non-Emirate population living in Dubai and Abu Dhabi means that banks are used to foreigners looking to open a non-resident bank account in Dubai. For residents, the process is even simpler and faster. More challenging is moving all your belongings and negotiating the airports, taxis, and trains that will take you there. Instead, contact 1st Move International and let them use their knowledge and experience to make your move easy and stress-free.

International money transfers in the United Arab Emirates

With a wide range of international banks in the UAE, ex-pats can easily transfer money abroad via their smartphone. Many local banks have correspondent relationships with institutions in other countries, so depending on where you want to send your money, this is worth checking. Free transfers to some countries like India are considered the norm.

However, there are alternative money transfer solutions for banks that can sometimes offer simpler and cheaper international money transfer options. The following providers offer different options for international money transfers:

• CurrencyFair offers money transfers to more than 150 countries and exchange rates that are up to eight times cheaper than banks, helping you avoid excessive bank charges.
• Moneycorp provides global exchange and payment services to individual and corporate customers in more than 120 currencies.
• Wise is an international money transfer provider available in 59 countries, offering transfers between international bank accounts up to eight times cheaper than traditional banks.
• You can also use Monito’s online comparison tool to save costs, get the best exchange rates and find the cheapest option for your international money transfers.

Managing your bank account in the UAE

Banks in the UAE serve customers in several different ways. You can choose how you want to manage your money and finances with Emirati banks, either through over-the-counter services or remotely.

• Personal: While digital and mobile banking is now the norm, customers may still want to go to the branch for certain procedures. While banks are slowly transitioning to branchless banking, several financial institutions in the UAE have service desks in major shopping malls and other locations across the country to better serve their customers. Making an appointment is usually not necessary.
• Online Banking: You have 24/7 access to your online bank account. Digital banking is an important feature of most modern banks in the UAE. Most services and products, including loans, are also available online and some banks now have live online chat systems for resolving issues.
• Mobile banking: Smartphone or mobile banking has taken off in the UAE. Many tech-savvy residents now prefer to manage their finances from smartphones. Only mobile banks offer all their services via an app; in fact, they don’t use physical branches. You can manage your money, access services, and make multiple payments with the touch of a screen.

Bank Account Direct Debits

The fees for banking transactions in the UAE are standardized to prevent financial institutions from overburdening their customers. As of the most recent update in 2018, these benefits are capped as follows:

• Costs for opening an account: None
• Minimum balance Maximum: AED 5,000
• Minimum monthly balance fine: AED 50
• Using another (local) ATM in UAE: AED 2
• New checkbook (the first one is free): AED 25
• Issuance costs manager check: AED 30
• Account Balance Letter: AED 50
• No Liability Certificate: AED 60
• Release Letter: AED 50
• Reimbursement for Bounced Checks (no charge if written to yourself): AED 100
• Account closing fee: AED 100

Switch banks or close a bank account in the UAE

Expats who have to leave the UAE are usually given a one-month grace period after canceling their residency permit to perform household chores. That’s more than enough time to close a bank account, which takes about five days.

Take the time to do it right. If you simply withdraw all your money and leave the account empty, you may incur a monthly maintenance fee. In this case, you may be in for an unpleasant surprise on the next transit or return to the UAE.

Before closing your bank account in the UAE, make sure that all loans and credit card debts are paid off, all outstanding orders are canceled and no checks are outstanding. It is always necessary to request a confirmation from the bank, which confirms that there are no obligations when closing your UAE account.

It is important to write a closing letter explaining where you want to transfer the remaining money if you are abroad or want to take the money in person at the office. Fees may be charged for closing an account; the maximum is AED 100.