Opening Bank AccountEmirates NBD (personal account)

The UAE banking system is characterized by a high level of reliability and a variety of financial services offered by both local and international banks. UAE banks provide their clients with a wide range of banking products, including loans, accounts, investments, and insurance, as well as e-banking services and mobile applications.

There are about 50 national and foreign banks operating in the UAE, varying in their goals and specializations:

1. Central bank: the main financial regulator of the country's banking system, monitoring and controlling financial markets, currency issuance, inflation, and ensuring the stability of the UAE's financial system.
2. Commercial banks: financial institutions that accept deposits, provide loans, and offer various banking services to both individuals and businesses.
3. Investment banks: act as intermediaries between large enterprises and investors, providing services for capital placement, asset management, mergers, and acquisitions.
4. Corporate banks: specialize in serving enterprises and companies, providing financial support and lending in various sectors of the economy.
5. Islamic banks: financial institutions operating based on Shariah principles and on the basis of "financial justice", offering alternative banking solutions such as risk and profit-sharing between the bank and the client instead of a fixed interest rate.
6. Digital banks: provide banking services exclusively through digital communication channels in an online format, using mobile applications and internet banking.

Emirates NBD is one of the largest banks in the UAE, offering a wide range of banking services for individuals and businesses. Founded in 1963, the bank is regulated by the Central Bank of the UAE and is a leader in innovative financial solutions. Emirates NBD actively integrates advanced technologies to enhance customer service quality and improve the accessibility of banking services.

Emirates NBD was established in 2007 through the merger of two major banks — Emirates Bank International and National Bank of Dubai. Since its inception, the bank has significantly expanded its operations both in the UAE and internationally. Today, it is one of the leading banks in the region, with over 200 branches in the UAE and a global presence in countries such as Egypt, India, Turkey, Saudi Arabia, the UK, Austria, Germany, Bahrain, China, and Singapore.

Opening a bank account at Emirates NBD provides both individuals and businesses with a range of benefits and opportunities:

• Reliability and stability. With over 50 years of history and a reputation as a trusted financial institution, regulated by the Central Bank of the UAE, the bank ensures high standards of financial operations and security for all transactions.
• Wide range of services. The bank offers a wide variety of financial products, including personal and corporate accounts, loans, debit and credit cards, as well as asset management, investment, and financial planning solutions to meet the needs of clients at all levels.
• Innovative technologies. Mobile and online banking, innovative payment systems, artificial intelligence, blockchain, and biometrics ensure convenience and security in financial transactions.
• Accessibility and convenience of service. With a network of over 200 branches and ATMs in the UAE, along with an international presence and access to services through mobile apps and online platforms, the bank simplifies access to financial transactions.
• Competitive terms. Favorable terms for loans, deposits, investment products, and mortgages make the bank an attractive choice for both individual and corporate clients.
• Personalized service. The Private Banking service offers customized solutions for asset management, investments, and capital planning for high-net-worth clients.
• Social responsibility. The bank supports sustainable development projects and eco-friendly financing aimed at reducing carbon emissions and improving the region's environmental conditions.
• International opportunities. Clients gain access to international markets, including transfers, currency exchange, and investments, facilitating business operations abroad.
• Security. Advanced protection technologies, including multi-layer security for online banking and mobile apps, ensure the reliable protection of clients' funds.
• Premium services. Exclusive privileges are offered to premium clients, such as access to VIP airport lounges, personalized credit card offers, priority service, and other benefits designed to provide maximum comfort and satisfaction for clients' needs.

Emirates NBD offers a wide range of products and services designed to meet the needs of both individual and corporate clients.

Personal Banking Accounts:

• Current accounts. Convenient solutions for everyday financial transactions with access to debit cards, transfers, and payments.
• Savings accounts. Products for saving with attractive interest rates.
• Deposit accounts. Special accounts for clients who want to lock in their funds for a fixed term with guaranteed returns.
• Credit cards. A variety of offers with attractive terms for purchases and savings, including bonuses, discounts, and loyalty programs.
• Home loans. Solutions for purchasing or refinancing property with flexible terms and competitive rates.
• Auto loans. Loans for purchasing new or used vehicles with convenient terms and repayment schedules.

Corporate Banking Products:

• Business accounts. Specialized current and deposit accounts for small, medium, and large businesses, with convenient tools for managing corporate finances, including transfers and payments.
• Business credit cards. A variety of credit cards with favorable terms for business operations, including bonuses, discounts, and loyalty programs for companies.
• Business loans. Short-term and long-term loans for business growth and expansion.
• Commercial property loans. Solutions for purchasing or refinancing commercial real estate with flexible terms.
• Business vehicle loans. Loans for purchasing commercial vehicles, including trucks, pickups, and specialized equipment, with favorable terms and flexible repayment schedules.

Investment Products:

• Asset management. Customized investment solutions, including portfolio management, for high-net-worth individuals.
• Investment accounts and deposits. Fixed-income products that allow clients to optimize their investments.
• Funds and investment solutions. Access to a wide range of funds and investment tools for capital growth.

Digital and Mobile Solutions:

• Mobile banking. Managing finances through the bank's mobile app, including transfers, bill payments, and account monitoring.
• Online banking. Access to banking services via the Internet, enabling quick and secure transactions.
• WhatsApp banking. A convenient and secure way to manage banking operations through WhatsApp, with the ability to instantly communicate with an agent.
• ITM (Interactive Teller Machine) banking. Interactive ATMs, with video connections, allow clients to conduct transactions and receive banking services through real-time video/audio interaction with an operator.

Premium Services:

• Priority banking. A program tailored for clients with high financial needs who require more personalized banking services.
• Private banking. Customized financial solutions for affluent clients, including asset management, investment, and capital planning advice.
• Premium credit cards. Unique cards with privileges such as access to VIP airport lounges, personalized offers, and bonuses.

Islamic Banking:

• Shari'ah-compliant solutions. Products and services that adhere to Islamic financial principles for individuals, businesses, and financial institutions, including accounts, loans, investments, and financial planning.

Emirates NBD offers the following types of personal banking accounts:

Standard Current Account:

• Available for UAE residents (salaried, non-salaried, and self-employed)
• No account opening fees
• First cheque book is provided free of charge
• Minimum balance — AED 3,000

Additionally, the bank offers specialized packages for clients who require extra services and privileges:

Beyond Package:

• Minimum balance:
  • Current account: from AED 15,000 to AED 49,999
  • Savings account: AED 100,000
• Cards:
  • Free debit card + 5 supplementary debit cards
  • Choice of 5 credit cards

Plus Maximizer:

• Minimum balance:
  • Current account: from AED 5,000 to AED 14,999
  • Savings account: AED 5,000
• Cards:
  • Free debit card + 5 supplementary debit cards
  • Choice of 5 credit cards

Plus Package:

• Minimum balance:
  • Current account: from AED 5,000 to AED 14,999
  • Savings account: AED 5,000
• Cards:
  • Free debit card + 5 supplementary debit cards
  • Choice of 5 credit cards

Youth Package:

• Minimum balance:
  • No minimum balance requirement
• Cards:
  • Youth Go4it debit card

Emirates NBD opens personal bank accounts in AED, USD, GBP, AUD, CAD, SGD, JOD, KWD, SAR, QAR, OMR, and BHD.

The bank considers the following factors when deciding to approve or deny the opening of a personal bank account:

• Applicant's nationality
• Insufficient or false documents provided
• Political affiliation
• Involvement in money laundering
• Unverified source of funds
• Cryptocurrency transactions
• Inclusion in sanctions lists (including through familial ties to sanctioned individuals)
• Involvement in criminal cases

The Emirates NBD ATM network includes over 500 devices across the UAE, providing 24/7 access to a variety of banking services.

24/7 Customer Care:

• For individuals: +971 600 54 0000
• For businesses: +971 600 54 0009
• Email: [email protected]
• Website: www.emiratesnbd.com