Closing Bank Account

Topic locked
  • Reply
closing bank account Apr 19, 2010
Hi

I am now in UK and want to close my current account with HSBC, but if I withdraw the money that will put me below the 5000 AED limit and I will get fined - I have to send a letter from UK to close account, but if I close it first, how will I get the money out? Any ideas?

mudgie
Dubai Forum Guest
Posts: 2
Location: london

  • Reply
Re: closing bank account Apr 20, 2010
mudgie wrote:Hi

I am now in UK and want to close my current account with HSBC, but if I withdraw the money that will put me below the 5000 AED limit and I will get fined - I have to send a letter from UK to close account, but if I close it first, how will I get the money out? Any ideas?


The only thing that I could suggest is that you write them a letter and ask them to forward your outstanding balance. I am sure they will levy some form of charge for this and I have no idea how much but it seems the right way to proceed.
sage & onion
Dubai Shadow Wolf
User avatar
Posts: 16338
Location: Dubai and beyond

  • Reply
Re: closing bank account Apr 20, 2010
Withdraw all the cash from an ATM in the UK (or do a wire transfer), then send a letter to tell them to close account?

The fee for going below AED 5000 is only AED 100 or so isn't it?
bonk
Dubai Master of Thread Hijackers
User avatar
Posts: 1511
Location: Dubai Zoo

  • Reply
Re: closing bank account Apr 20, 2010
hi thanks for the replies - think Bonk's is thr quickest way to get the cash actually! Thanks!
mudgie
Dubai Forum Guest
Posts: 2
Location: london

posting in Working in DubaiForum Rules

Return to Working in Dubai