Where should I setup a bank account in Dubai?
We asked expats in Dubai what banks they use and there advice about banking. They advised...
"Before retiring in Dubai, expats should be aware of the cost of living, which is generally higher than in other parts of the world. It is important to research the different types of visas available and the associated costs and requirements. Additionally, expats should be aware of the local laws and customs, and familiarize themselves with the local language. Healthcare is also an important factor to consider, as expats should ensure they have access to quality medical care. Finally, expats should research the different neighborhoods and areas of Dubai to find the best fit for their lifestyle," said another expat in Dubai, the UAE.
"There are many offshore banks which are appropriate for most expats (be careful if you're US). Local banks, even branches of larger, international banks, are really just locally-owned franchises. Don't expect the same type or level of service you might get back at home or you may become frustrated. There are different values here regarding "customer service." Offshore banks based out of the Isle of Man and other offshore centers often have accounts explicitly focused on the international expat. These will include features like international debit cards, domestic and international payments, multi-currency accounts. They're especially appropriate if you travel a lot. You should always check what type of insurance cover they carry for your deposits. Local banks offer local and international accounts with most of the features you'd expect from a bank. They're not very different from what you might expect at home in terms of services they provide. However, the laws regarding debt are different here. See below," wrote a member who made the move to Dubai, UAE.
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Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
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Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
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Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What do I need to know before retiring in Dubai?
- What do I need to know before moving to Dubai?
- How do I find a place to live in Dubai?
- What is a typical expat home or apartment like in Dubai?
- What is the average cost of housing in Dubai?
- How do I meet people in Dubai?
- What should I pack when moving to Dubai?
- Where should I setup a bank account in Dubai?
- Will I be able to find a job in Dubai?
- What is life like in Dubai?
- What do people like (and dislike) about Dubai?
- What type of social life can someone expect in Dubai?
- What is the social scene like in Dubai?
- What advice to expats in Dubai have about housing?
- What are medical services in Dubai like?
- Are healthcare and health insurance expensive in Dubai?
- Is the cost of living in Dubai high?
- What are the visa & residency requirements in Dubai?
- Why do people move to Dubai?
Where should I setup a bank account in Dubai?
If you live in Dubai, newcomers to Dubai would love to hear your answer to this question.