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General Information
Banking products
Offering a broad range of products designed for individuals and small businesses as well as large corporations
Account Types
Private; Corporate; Savings; Current
Minimal Requirements
Minimum balance, €
Minimum deposit – from AED 100.000 + investment products
Permissible number of transfers per month
The number of transfers is not restricted for business accounts
Efficiency of payment
The payments are executed same day
Tariffs
Transfer, € (for the amount of € 50 000)
The fee for an outgoing transfer is AED 63
Crediting, € (for the amount of € 50,000)
No fees are charged on incoming transfers
Account maintenance, € / year
Monthly maintenance fee is charged if the account drops below the minimum balance and is AED 26,25 (~ USD 7)
Account Opening
Requirements
For a personal account: proof of identity (passport); proof of address (not older than 3 months); Resident Visa; CV; bank reference letter + bank statements for the last 6 months.
For a corporate account: completed bank questionnaires for the company and owner; bank statements from the company account for the last 6 months (if the company is new, then bank statements from the owner’s other company account); copies of existing contracts with partners; office lease contract, cash flow chart, ownership structure chart, etc.
Departure to the bank
The beneficial owner must visit the country for account opening
Duration of application, months
1-2 months