Citizens and residents can open accounts in banks in the UAE.
To open a bank account, citizens need to provide a copy of their family book, a salary letter or a letter of NOC (No Objection) from the employer.
Expatriate residents need to provide a copy of their passport, a copy of work or residence visa, a copy of their Emirates ID, a salary letter or a letter of NOC (No Objection) from the employer or sponsor.
Citizens and expatriate residents can open a joint account with another legitimate resident of the UAE. Procedure and requirement to open a bank account may differ from bank to bank.
From April 14, 2012, the use of International Bank Account Number (IBAN) is mandatory for all electronic payments and receipts within and outside the UAE (except for making payments through a credit card). IBAN is a unique to the account. So, you will have a distinct IBAN for each of the accounts you hold in the same or different banks. Banks are required to inform their account holders of their unique IBAN.
Read about banking guidelines and provisions in the UAE.
Updated on 03 Sep 2019