Current accounts are a need of the hour these days. People depend on current accounts as other accounts do not give a person the as many privileges
Opening a current account can be very tricky as you have multiple options and different banks provide you with the best facilities and services.
This can lead to a really confusing road so here is the list of some of the most common current accounts that one can open in the UAE:
Emirates NBD standard Current Account
It is a great option to consider providing reliable services. Here is what it has to offer.
- The current account requires a minimum balance of AED 5000 and allows you to access different currencies for example pounds dollars or Euros which might be very helpful if you travel frequently.
- It also gives you an opportunity to open a current account in any other foreign currency of your choice instead of dirhams.
- Once the bank account is opened, the banks are really customer-friendly and provide you with the facility of applying for an overdraft as well.
Abu Dhabi Islamic Bank Current Account
Following are the requirements and features of the account.
- ADIB is based on the Islamic principle of Qard Hasan.
- ADIB’s current account has the lowest requirement balance which is 3000 AED.
- No monthly fee is required.
HSBC Basic Current Account
HSBC is one of the best banks a person can open a current account in. But to make it to the list, it has certain criteria which need to be followed.
- A person must have a minimum salary of AED 7500 and a minimum balance of AED 3000 must be maintained.
- If a person is not able to maintain the specified balance then he or she will be charged 25 dirhams every month as a penalty.
- Added benefits like cashbacks, discounts, and different offers on travel and luxuries are also provided here.
Dubai Islamic Bank 2-in-1 Bank account
Dubai Islamic Bank is one of the banks which provides you the benefits of two accounts in one. Down below are its features.
- It offers you the advantages of both the accounts: saving account and current account.
- You have to maintain a minimum balance of AED 3000. The profit you earn through your savings account will be credited to you on a quarterly basis.
- Added benefits like discounts, offers, and different types of vouchers are provided by opening an account in this Bank.
Emirates Islamic Bank Current Account
Emirates Islamic Bank offers their customers to open a current account and the procedure is really simple.
- You have to maintain a minimum balance of 3000 dirhams.
- Multiple International currencies including dirhams are accepted here.
- Advantages like Islamic banking and a free chequebook are provided to its customers. overall it’s a bank that a person can look up to.
Mashreq Current Account
Here are the features of this current account.
- This Bank offers to open a current account with a minimum balance of AED 3000.
- It provides the facility of a free cheque book and phone banking.
- Free Visa debit card.
ADCB Bank
If a person wants to open a current bank account in ADCB Bank, the following are the necessary requirements and benefits.
- He must maintain at least a balance of 3000 dirhams.
- This bank is really customer friendly and provides you with the best of the facilities.
- It offers its customers free cheque books, cash and card payments, withdrawals, e-statements, and many other advantages which will make your financing easy.
The above-stated are some of the best current account options which one can opt for. These are affordable and the best options available to you when in UAE. They will give you the best of the facilities and are customer friendly.
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