- September 23, 2021
- Posted by: admin
- Category: Banks
If you are wanting to begin your long-term journey in the United Arab Emirates, you would be full of doubts and questions, and excitement. One thing you do not wish to leave to option is to open your bank account and ensure access to debts. Here we brought bank account opening for Bangladesh nationality in UAE. If you are a citizen of Bangladesh and wish to open a bank account in the UAE then this blog will surely help you as we mentioned here many things and requirements in regard to bank account opening. You can also consult with the Taskmaster professionals who will surely help you during this process and make it easy for you at an affordable cost.
If you are visiting or living in the UAE and do not intend to apply to be a resident, then you can open a non-resident bank account in the UAE. The standard paperwork needs for opening a bank account are your passport, an ID card, and more. If you have a residential permit, then it would be a smooth procedure, and you have to visit the bank with your account. For overseas, many of these documents are unrecoverable, but considering the number of ex-pats living in the country, most of the banks are yet capable to open a bank account for foreign nationalities. The financial and background checks are likely to take longer, but with a bit of patience, you still have a bank account up and conducting prior to knowing it.
This is possible to open an account in the UAE bank as a foreign national. The big difference is that it can take a long time for approving your account as they need to conduct thorough KYC requirements which can be time-consuming. Otherwise, you will visit the branch with a running account.
Documents Required for a Bank Account Opening for Bangladesh Nationality in UAE
The kinds of documents differ greatly, but you can figure out easily what the key needs are for every bank online or even call the bank because they are friendly. Bringing more certainly would not hurt. The necessary documents include –
- Copies of valid passport
- A letter saying you are sound standing, from employer or sponsor
- A letter from employer saying your salary
- Copies of your visa
- Application form
- Utility bill
- Letter of recommendation from your home bank
Best Banks for Bank Account Opening for Bangladesh Nationality in UAE
Potentially the best thing to do as a foreigner is to stick to the familiar, as it brings a sense of security that cannot be matched in an unfamiliar area and unfamiliar institute. It means a lot, particularly if you are new here. Plus, thanks to the competition, there are certainly better offers given by banks across the UAE to aggressively pursue your loyalty with local institutes. This is potentially wise to think for selecting a bank that is conveniently situated near you, with online banking quality, and perhaps utilize a similar bank as your employer that may serve as a recommendation to get started.
Emirates NBD – With over 250 branches and ATMs for your convenience, they have a huge coverage in the country considering how little it is. In addition, to other great offers like loans, cards, mortgages, and more.
First Abu Dhabi Bank – This is the largest bank in the country. It can be a convenient choice for you as you get hundreds of ATMs and branches to select from.
HSBC – With 70 ATMs and 10 branches in Dubai, it can provide multi-currency accounts, 50% discount on movie tickets, debit cards, and a credit card with cashback along with convenience.
Citibank – With 50 or more ATMs and two branches, this is still convenient to utilize Citibank particularly as their online banking tool link with all of their accounts with you across the globe.
Also read, How to Open Bank Account in UAE