Our valued sponsor

Anybody opened an UAE bank account in 2021?

mike400

mike400

Active Member
Oct 11, 2020
86
29
18
#1
Register now
You must login or register to view hidden content on this page.
Did anybody manage to open a bank account in the UAE this year?

If so, can you share:
-which service provider you used
-at which bank have you opened the account
-how long it took (from application to getting the account opened)
-type of account (personal/corporate)

(If you don't wanna share details publicly, just leave a comment on my profile or here saying that you opened an account and I'll upgrade my membership and DM you)
 
  • Like
Reactions: troubled soul
#2
  • Like
Reactions: mike400
#3
azb1 said:
https://play.google.com/store/apps/details?id=com.liv.androidhttps://play.google.com/store/apps/details?id=com.mashreq.NeoApp

-type of account (personal/corporate)
both
Click to expand...

I also have Liv personal, but they only offer AED accounts, right? How to send money there from EUR/USD accounts to get a good conversion rate?
And Liv also offers corporate accounts?

And will try Mashreq. (I was told by my service provider that "they are slow and say you can open online but they just collect your data and want to meet you 2-3 days later")
 
  • Like
Reactions: troubled soul
#6
I'm also interested in opening a bank account for my RAK FZE (services license). I currently hold an account in DIB Bank but they won't keep it alive after the current license expires.
 
#7
mike400 said:
Did anybody manage to open a bank account in the UAE this year?

If so, can you share:
-which service provider you used
-at which bank have you opened the account
-how long it took (from application to getting the account opened)
-type of account (personal/corporate)

(If you don't wanna share details publicly, just leave a comment on my profile or here saying that you opened an account and I'll upgrade my membership and DM you)
Click to expand...
Hey you said you used already a service provider 2 months ago and this service was included, how come you need to ask it now, the SP failed in its promises ?
 
#9
Fred said:
No - we didn't.

Patience is the key.
Click to expand...
you could open him some business accounts ? how much time it took ? Just curious on how hard is the process.

cause on may 9 he also posted "I'd like to open personal and corporate account in Rakbank (in Dubai) but can't get a meeting with a banker. Everything is set up, business is legit and got all docs prepared.. Can anybody link me up? Thanks.." and it's was 2 months after he came to Dubai, would love to hear mike400 feedback about Dubai, and if it was possible for him to obtain business bank account, and for what type business
 
#10
Bill D said:
you could open him some business accounts ? how much time it took ? Just curious on how hard is the process.

cause on may 9 he also posted "I'd like to open personal and corporate account in Rakbank (in Dubai) but can't get a meeting with a banker. Everything is set up, business is legit and got all docs prepared.. Can anybody link me up? Thanks.." and it's was 2 months after he came to Dubai, would love to hear mike400 feedback about Dubai, and if it was possible for him to obtain business bank account, and for what type business
Click to expand...
Send the user a PM - we don't disclose such details public.
 
#11
azb1 said:
If you have an Emirate ID, You can get a Bank account using only Mobile App.

https://play.google.com/store/apps/details?id=com.liv.androidhttps://play.google.com/store/apps/details?id=com.mashreq.NeoApp

-which service provider you used
not required

-at which bank have you opened the account
any Bank with Digital bank App

-how long it took (from application to getting the account opened)
instantly

-type of account (personal/corporate)
both
Click to expand...
Which documents (beside Emirates ID) do you need, to open and maintain Liv account? I read somewhere if you want to make an international transfer, you have to come to Emirates NBD and show them your passport (first time only).
Do you also need ejari or dewa documents for address?
 
#12
Can anyone with Liv app (digital bank by ENBD) check if e-statement shows your name and residential address in UAE? Can this bank statement be used as proof of address when opening accounts with banks/brokers/emi abroad?
 
#13
zzzzzz said:
Which documents (beside Emirates ID) do you need, to open and maintain Liv account? I read somewhere if you want to make an international transfer, you have to come to Emirates NBD and show them your passport (first time only).
Do you also need ejari or dewa documents for address?
Click to expand...
“Liv” is a digital bank brand owned by Emirates NBD Bank, you can only open a personal saving account not suitable for business, with monthly limitations on international transfers.
Liv USD doesn't offer Debit Cards - Saving Account
Liv Goal account doesn't offer Debits Cards
Liv Primary offers only AED Debit Cards and a 10k withdrawal limit
good for daily expenses, grocery shopping, etc
 
  • Like
Reactions: khinkali, zzzzzz and troubled soul
#15
somerandomuser said:
1. Yes, it does, I just checked
2. I haven't tried but don't see why not
Click to expand...
How does Liv send physical card? Do they contact you first? Where to is card delivered, to your residential address or you pick it up in ENBD bank or to any other address you specify at the moment of delivery? I assume they don't send it abroad?
 
#16
zzzzzz said:
How does Liv send physical card? Do they contact you first? Where to is card delivered, to your residential address or you pick it up in ENBD bank or to any other address you specify at the moment of delivery? I assume they don't send it abroad?
Click to expand...
If I remember correctly, they call you to confirm your delivery address. I think it could be anywhere in the UAE - doesn't have to be where you actually live. However, when the card gets delivered, the courier will validate your Emirates ID in person and ask for your signature (and potentially fingerprints) before handing the card to you - based on this I doubt they can deliver it internationally.
 
  • Like
Reactions: MiltonStone and zzzzzz
#17
somerandomuser said:
If I remember correctly, they call you to confirm your delivery address. I think it could be anywhere in the UAE - doesn't have to be where you actually live. However, when the card gets delivered, the courier will validate your Emirates ID in person and ask for your signature (and potentially fingerprints) before handing the card to you - based on this I doubt they can deliver it internationally.
Click to expand...
Hotel address works too. The collection is possible either with an emirates ID or passport
ps: don't use an International number when signing up ;)
 
Last edited:
  • Like
Reactions: zzzzzz
You must log in or register to reply here.

Forum Announcement

Latest Threads

Offshore Bank Accounts
Top Bottom
Back