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How to choose the right bank account in UAE?

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Virtuzone, Largest Corporate Service Provider in UAE verified
Answered on October 24,2023

There are a few questions you can ask to help you make sure that you’re opening a bank account with a good financial institution. Some key questions to ask include:

  • Do you have a required minimum balance and if so, what is it?
  • What fees and penalties are associated with the account?
  • Do you have requirements for salary transfers?
  • What is the monthly withdrawal limit?
  • What ATM cards, debit cards, and new checkbook fees should I be aware of?
  • Do you offer international transfer services and if so, where to and how long do they take?
  • How many ATM locations do you have and where are they?
  • What happens if my account has an outstanding loan and I lose my job?

Getting the answers to these questions will help you figure out whether or not this bank can meet your needs.

In addition to these questions, you should check to see if your employer banks with your chosen financial institution. This can make it easier for you to get access to your salary.

You can also check out what other colleagues, friends and reviewers have to say about the bank. This will give you a good idea of what it’s like to bank with this company.

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