- [email protected]
- Business Bay, Dubai, UAE
- +971 55 6600 160
Dubai, being a major international financial center with its huge expat population, there are several best bank options for expats in UAE. One must go for the option that suits his financial demand.
However, given that there are more than 40 banks in the UAE, it is obvious that choosing the best bank for your needs may not be an easy thing to do. For this reason, we are here to help you out.
In this blog, we will list down the best bank options for expats in UAE along with all their account details. Keep reading to have a comprehensive review:
Contact Archtech in case of any query!
Following are the top-rated bank options for emigrants where they can open their accounts and manage their finances:
In 2007, the merger of the National Bank of Dubai (NBD) and Emirates Bank International (EBI) gave rise to Emirates National Bank of Dubai (ENBD), forming the largest bank in the GCC region. Emirates National Bank of Dubai (ENBD) operates in over 10 countries across three continents and boasts the highest number of ATMs in the UAE.
ENBD is a trusted option in Dubai, catering to expats with a strong online and offline presence, delivering a simplified banking experience. With a footprint in 13 countries, 17 million customers, 879 branches, and 4,130 ATMs/SDMs, ENBD is a testament to its success. The bank offers a variety of credit cards, including those specifically designed for expats with travel rewards and cashback options.
Emirates NBD, a prominent player in the UAE’s banking sector, is recognized for its digital banking capabilities and extensive branch network. It offers a range of banking solutions, including private, retail, Islamic, and corporate banking services, known for its innovative digital platforms and customer-centric approach.
Contact Archtech in case of any query!
The First Abu Dhabi Bank (FAB) is one of the UAE’s largest equity-based banks. It is dedicated to offering customized services and products to its customers. With a strong emphasis on a customer-friendly banking experience and supporting shareholders’ financial growth, First Abu Dhabi Bank (FAB) has gained recognition as one of the best banks in the UAE for both expats and UAE residents.
With its strong presence in the region, FAB is a leader in the banking area, known for its extensive network of branches and innovative digital banking solutions.
FAB offers a comprehensive pack of financial services, catering to both individual customers and corporates. These services include corporate banking, retail banking, Islamic banking, and investment banking solutions.
It is required to open a FAB Current Account that is equipped with FAB and has a balance transfer every month of at minimum AED 15,000.
Contact Archtech in case of any query!
Standard Chartered Bank, founded in 1958 in Sharjah, is a major international bank offering both traditional as well as Islamic banking services in the UAE. It has a wide presence all over the UAE.
Standard Chartered Bank provides a variety of services in Dubai, including personal and trade finance, wealth management, and corporate banking. It is keenly involved in financing major projects.
With increasing attention to Islamic banking, Standard Chartered is one of the biggest service providers for Sharia-compliant banking catering to both the retail and corporate sectors.
Contact Archtech in case of any query!
Dubai Islamic Bank (DIB) is one of the largest and most well-renowned Islamic banks. The bank was founded in 1975. DIB is located in Dubai, UAE. The bank has the distinction as the first bank to provide Islamic financial services for United Arab Emirates residents who are committed to their principles.
DIB’s dedication to Islamic principles is steadfast and makes it a trusted institution for both local and expat customers looking for ethical banking solutions. DIB offers a broad range of Sharia-compliant financial products and services, such as retail banking, investment banking, corporate as well as wealth management.
Contact Archtech in case of any query!
RakBank also called The National Bank located in Ras Al Khaimah, is the preferred choice of expats and Dubai residents, as well as businessmen & investors due to its exceptional customer support along with its convenient locations and extensive services. It has been awarded numerous awards among them Best Internet Banking and SME Bank of the Year awards.
The bank’s wide presence throughout Dubai with branches located in the city’s most important areas, provides easy access to customers. It provides SME banking, retail banking, as well as wholesale banking services for entrepreneurs and businessmen.
RakBank which is 52.75 percent government ownership it has opened 33 branches throughout the UAE. The bank provides customers access to a wide array of services, which include electronic banking solutions such as savings and investment accounts as well as credit cards and personal and business loans.
Contact Archtech in case of any query!
Abu Dhabi Commercial Bank (ADCB) is a well-renowned financial institution in Dubai, UAE for emigrants. This bank is an integral part of the Abu Dhabi government and stands as one of the top three most trusted banks in the UAE just because 58% of its shares are owned by the Abu Dhabi Investment Council.
ADCB provides a broad range of banking solutions catering to local and expat individuals, businesses, and government entities as well. With a strong commitment to customer satisfaction and a keen focus on digital innovation, ADCB has emerged as the top choice when looking for custom financial solutions.
Contact Archtech in case of any query!
Mashreq Bank is one of the oldest banks in the United Arab Emirates. It has a long and notable timeline. The importance of the bank in the financial world is apparent in its long-lasting presence.
Mashreq Bank stands out as an innovator in the field of technology constantly introducing new digital banking solutions that improve customer satisfaction. The firm dedication to innovation has made Mashreq one of the nation’s fastest-growing banks.
The bank has a broad range of clients, including expats. They offer a variety of banking services, such as treasury, retail, as well as corporate products.
One notable feature is Mashreq Bank’s mobile application, which showcases its innovative approach. Through the application, customers can send money directly to more than 20 countries, without paying any fees thus increasing access to financial services and convenience.
Contact Archtech in case of any query!
In the UAE, non-residents are limited to opening a savings account. They are not eligible for the current account. The applicant needs to have a transit or visit visa. The applicant also needs to come in person to the bank.
Below are the most trusted banks in the UAE for nonresidents:
ENBD is better than FAB for non-residents.
ENBD is a far better bank than ADCB for foreigners.
The following are the best banks for salary in Dubai: