UAE accounts now require EID to be maintained

[Why]

Until recently, you could keep your UAE bank account after leaving the country (as long as you were able to keep your UAE mobile number). Well, not anymore.
UAE banks are now making it mandatory to have a valid unexpired Emirates ID if you want to keep your account. Looks like they are going full compliance with OECD, CRS and all that stuff.
I was hoping that since they joined the BRICS they would move away from the western requirements, but no, it’s getting worse.

 

[uk29]

I see this as a positive step.

It helps to ensure that UAE banks stay off of any black/grey lists.

Simply maintain your Emirates ID, with valid UAE residency along with a UAE mobile number and this guarantees no CRS reporting as you are deemed to be a local.

 

[Clank]

I was recently told it was possible for me to keep my account in ENBD

 

[Martin Everson]

Looks like they are going full compliance with OECD, CRS and all that stuff.

Sadly they got shafted proper by US....sorry OECD and still have the KY jelly dripping from their hairy asses to prove it. However even long before OECD came in they closed my Citibank UAE account saying they no longer support non-residents and this was years ago.

I was hoping that since they joined the BRICS they would move away from the western requirements, but no, it’s getting worse.

They got a long way to go to escape their dollar addiction and their pegged to the dollar currency setup.

 

[andorra]

you can keep your account with out eid if you deposit a bond for 200000 usd in adib, i can give you the contact if you need it

 

[uranium]

you can keep your account with out eid if you deposit a bond for 200000 usd in adib, i can give you the contact if you need it

At least there is a solution. Become vip and they keep account open.

 

[andorra]

it dubai was always like that

 

[Dandyline]

Until recently, you could keep your UAE bank account after leaving the country (as long as you were able to keep your UAE mobile number). Well, not anymore.
UAE banks are now making it mandatory to have a valid unexpired Emirates ID if you want to keep your account. Looks like they are going full compliance with OECD, CRS and all that stuff.
I was hoping that since they joined the BRICS they would move away from the western requirements, but no, it’s getting worse.

As far as i know, this is nothing new. And you can't keep the UAE number without EID.

 

[Why]

As far as i know, this is nothing new. And you can't keep the UAE number without EID.

you were not required to maintain your EID to keep your account. Think people who invested in the UAE and then moved out. Now if you get your rent it will have to be transfered overseas.

 

[hnwm]

Has there been any updates or any official news on this?

I just spoke to ADIB and they didn't mention anything about such a requirement. In fact, they're OK with opening accounts for non-residents from North America without an EID.

 

[CrazyPanda]

There is no such requirement as long as the bank wants to maintain a relationship with you. If your account size doesn't meet their non-resident segment criteria, they will either ask for an Emirates ID or close your account.

 

[Why]

FYI:
https://www.cbd.ae/docs/default-source/default-document-library/eid-update-faqs-for-customers.pdf