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Which are the banks to keep in mind while looking for private banking?

Private banking is really a big service. What exactly are you planning to apply for under this section. Portfolio management, asset allocation, etc. are some of the services that come under private banking . Given a choice, Emirates NBD bank is really good to go. They are the most trusted bank in the region.

Hello friends,
I need to pay many broker's commissions and other expenses by bank transfer for my installments. Is it possible to open an online banking savings account in UAE? If yes, what should I do?

I think the currency will be only in AED

suggestions plz...

naziyabegum wrote:suggestions plz...

My daughter swears by the Bank of Mum and Dad.

Which bank in Dubai is good for personal banking services?

Hi friends,
I want to get platinium card from any bank.
Plz can u tell me that what is the requirmnts for getting this card? Nd wat about salery requirment?plz

What are the basic criteria to take an overdraft from a bank?

Hi! Requirement depends on the bank.
Barclay Bank
Requirements:Minimum age: 21 years Status: UAE Nationals or permanent residents of UAE Minimum income: AED 8,000 per month Profession: Salaried or self employed individual

Saadiq Bank
Requirements:Minimum monthly income of AED 18,000 Only Salaried or Self Employed individuals

Islamic Bank
Requirements: For Salaried Individuals: Minimum salary of AED 10,000 for the Skywards Platinum and AED 15,000 for Skywards Platinum Plus Credit Card For Self-Employed Individuals: Proven income as above For Non-Working Individuals: Letter of undertaking from their guardian / spouse who meets income requirement mentioned above or via a fixed deposit Minimum age for the primary card applicant is 21 years and for the supplementary card applicant is 18 years.

Samba Bank
Requirements: Salaried Employees - Monthly income of at least AED 20,000
Self employed individuals - Average monthly credit turnover of at least AED 50,000

I would like to do banking with a bank that offers various financial services and responds quickly. Any suggestions?

Want to open a checking account in Dubai online facility is a must in the account? Please suggest.

Criteria depends on the bank.
For Mashreq bank:
Minimum Income of AED 5,000; Salary must be transferred to your current account; Employed in Mashreq's list of approved companies

For HSBC bank:
Valid Emirates ID required; You're aged between 21 to 65 years; You earn a minimum monthly salary of AED 7,500

etc.

Choose the bank u are interested in and ask about the eligibility of taking overdraft.

I want to send money to my family members in india. Does any bank have good tie-ups

You can send your money for your family through the Western Union this is a Worldwide service provider's.

I would recommend opening an account with Emirates NBD bank. I’ve had a checking account with them for past
couple of years and I must say banking with them has been quite a pleasant
experience. They offer online services which allow you to transfer funds,
order cheque books and access account statements in a hassle free manner. You
can check the bank website for more details.

Based on my experience, I would recommend that you try banking with Emirates NBD
bank. They offer various financial services, the enrolment process is very quick and they’re accessible
over the phone and online. Their quick and efficient service makes them a
leading banking group in UAE.

UAE banks offer a wide range of services and accounts.

For example, NBD bank offer Standard Current Account:
Non-interest-bearing account.
Cheque book facility.
Free International ATM/debit card (AED only)Can be opened in approved foreign currency.
Standing order service available.Overdraft facility available by arrangement.
Bill payment facilities across a wide range of services.
Access to the account through ATMs, phone banking and BankNet.
Monthly Statement of account.

Special Current Account
Interest bearing account
Available in AED and USD
Cheque book facility (AED and USD)
Free international debit card (AED only)
Monthly statement of account
Bill payment facilities across a wide range of services

Call Deposits Account
Available in major currencies such as AED, USD, EUR, GBP
etcNo cheque book or debit card
No fixed tenor

Islamic Current Account
Available in two currencies: AED and USD
Minimum Relationship balance requirement of AED 3,000 (or equivalent)
Available to individuals and non-individuals
Cheque book facilityFree international ATM/Debit card (AED accounts only)
Monthly statement of account
Access to the account through ATMs, Phone Banking and Online Banking

Mudaraba Call Account
Attractive profit rates; calculated based on monthly average balance
Available in two currencies, AED and USD
Available to non-individuals onlyMinimum investment of AED 100,000 (or equivalent)
Profits paid out every calendar quarter

Hello @WellWisher,

With my banking experience I suggest you go for ADCB bank in Dubai. They have many branches all over the country.

They provide mobile & internet banking facility as well. ADCB bank operates under Islamic banking principle so you will get benefits like low interest rate & higher salary multiplier loan.

Any suggestion of Bank in UAE that has good travelling insurance plans?

Hi! I like travel insurance by NBD bank:

Market leading product with three levels of cover – Holiday Travel / Executive Travel / Schengen Travel

Target market – Visa travellers, individuals, families, business travellers (Medium & High Net Worth)Emergency medical expenses covered up to USD 1,000,000

Free travel advise helpline

Professional and attractively packaged product

Best level of cover available in the market

Competitively priced

Family Discounts

Personal baggage covered up to USD 6,000

When it’s comes to online banking in the UAE, I prefer Emirates NBD. It offers a feature that allows you to enable and disable your online services without a manual written request. You can transfer money from another account and check your complete transaction and transfer history.

Hi Naziyabegum, You can refer to ADCB bank in UAE. It has many branches all over the country with mobile and internet banking facility. It offers personal loans too for expatriates & UAE citizen with simple documentation and procedure. Follow the link for more information: http://www.adcb.com/personalbanking/loa ... lexpat.asp

Hi Azminaabdul,

You can get various types of loans in UAE as personal, education, mortgage and many such. But as you are new to the UAE and want to settle down you can get an expatriates personal loan from ADCB bank. As It won't require citizenship of the UAE and its procedure & documentation is simple and its get easily approved.

Refer below link for more information :
http://www.adcb.com/personalbanking/loa ... lexpat.asp

Have a look what an overdraft NBD bank offers:

In times of a temporary cash shortfall, Overdraft from Emirates NBD gives you the power to draw against your salary or Fixed Deposit for a much needed instant cash support. Take advantage of this unique Overdraft facility and confidently manage your expenses or honour your financial commitments.
Cheque bounce protection
Ideal for emergency cash requirements
Easy repayment options

Pay only for the amount and the time period used

Easy documentation

Instant cash support

90% of your net monthly salary

2 times your net monthly salary90% of the Fixed Deposit under lien with us

I have been saving account in couple of banks, but I am not satisfied with saving rates, can anyone suggest me a bank in Dubai which has best saving rates?

There are many types of current accounts in Dubai; you can also open them in a number of currencies, typically AED, USD, EUR, GBP. Some banks such as RAKBANK allow you to open the account completely online. Note that the UAE Central Bank mandates that the minimum balance where a bank an start charging you a penatly must not be lower than AED 3,000, and the maximum minimum balance penalty is AED 25 per month.

To compare current accounts in the UAE, you can do so quickly here: http://www.bayzat.com/current-accounts

The average rate for a savings account is 0.48%!!!! You can find rates up to 2%. Also note that typically you will get better rates if you deposit more into the savings account. You can find options in the UAE by going here: http://www.bayzat.com/savings-accounts

I would say Emirates NBD has the most comprehensive payment gateway and user friendly online banking portal.