Middle East banking options in 2023

Bank ABank BBank CBank D
Our recommendation by preference1234
Summary at a Glance
Does our Client need to travel?YesYesYesYes
Initial deposit for AED$ corporate bank account50000100001000050000
Minimum monthly balance in AED?5000010000100005 - 25,000
Time it will take to open corporate bank account4 weeks4 weeks5 weeks5 weeks
Multi-currency single number bank account?YesYesYesYes
Multi-currency visa debit cards issuedYesYesYesYes
Dedicated bank officer with cell phone contact?YesYesYesYes
Daily funds transfer limit?NoneNoneNoneNone
Fees for inward wire transferNoneAED 10AED 25None
Fees for outward wire transferMin AED 85Min AED 90Min AED 50Min AED 110
Monthly email statements?YesYesYesYes
Our rating of the bank’s customer serviceGoodSatisfactoryPoorPoor
Internet banking available?YesYesYesYes
Corporate cheque book available?YesYesYesYes
Corporate USD Debit card (visa)YesYesYesYes
Corporate GBP Debit card (visa)NoYesNoNo
International branch locationsPress herePress herePress herePress here
Is legalization (apostille) required?YesYesYesYes
Which Embassy in your country of origin?UAEUAEUAEUAE
Bank account opening fee?NoNoNoNo
Monthly account maintenance fee in AED?NoneNone5010
Fee schedule document?Press herePress herePress herePress here
SMS notifications available?YesYesYesYes
Security token devise available?YesYesYesYes
Internet Banking
How long to receive password and login name2 weeks2 weeks2 weeks2 weeks
Can make e-banking € £ US$ funds transfers?YesYesYesYes
Our rating of the internet banking facilityVery goodExcellentVery goodGood
Bank Logistics
Your dedicated bank officer will beMr. Mohamed XMr. Rizwan MxMr. BanxxxMr. Asad Bxxx
Direct telephone number+971 (0) 5xxxx+971 55xxxx+971 503xxxxx+971-50-24xxxx
How big is the bank in this country?Top 3 bankTop 20 bankTop 5 bankTop 10 bank
Bank credit rating?Baa1A-Baa1A+
Country credit rating?Aa2Aa2Aa2Aa2
Regulated by which authority?UAECBUAECBUAECBUAECB
Any currency controls in UAE?Yes, regarding transfers to Libya or ArgentinaYes, regarding transfers to Libya or ArgentinaYes, regarding transfers to Libya or ArgentinaYes, regarding transfers to Libya or Argentina

Contact us

For additional information on our Middle East corporate bank account services, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Sales & Business Development Manager
  • Contact me!