The right bank account will simplify, not complicate your finances. For expats handling international transfers or businesses managing daily transactions, choosing the right account matters a great deal. With so many options in the UAE, banks cover everything from everyday spending to large-scale corporate needs. To streamline your decision, our guide below examines some of the top accounts available. Options range from multi-currency accounts for frequent travellers to low-fee business accounts, meeting a variety of financial needs across the UAE.
Accounts for Expats
Flexibility and accessibility are priorities for expats settling in the UAE, making Emirates NBD Expat Personal Account a popular choice. This account provides multi-currency access in AED, USD, GBP, and Euro, ideal for those with financial commitments abroad. A complimentary international debit card makes overseas transactions straightforward, and the Emirates NBD’s Skywards Miles programme rewards frequent flyers with redeemable miles. For added convenience, the Emirates NBD app enables complete account management from any location.
For an all-digital experience, the Mashreq Neo Smart Account is designed for remote access. The online-only account has no minimum balance requirement, giving leeway for expats with varying incomes. Fee-free transfers, both local and international, make it a practical option for sending money abroad. Plus, Mashreq Neo’s app includes budgeting and expense tracking tools, simplifying financial planning for those adjusting to new living expenses.
With plenty of ATMs across the UAE, the FAB Personal Current Account from First Abu Dhabi Bank (FAB) ensures easy cash access. The account allows users to manage their finances through online, mobile, or in-branch banking, adapting to each user’s preferred banking style. FAB frequently has travel and lifestyle promotions for account holders, adding appeal for expats who appreciate extra perks.
Accounts for Small Businesses
Small businesses and startups need banking that supports cash flow management without high fees. Designed specifically with these requirements in mind, RAKBANK RAKstarter SME Account offers practical features like a zero minimum balance, accommodating businesses with fluctuating income. Unlimited cheque books are available, enabling straightforward payment management without extra costs. With 24/7 customer support, RAKBANK helps business owners access assistance whenever they need it, while competitive trade finance rates make global transactions easier for companies involved in international trade.
At Abu Dhabi Commercial Bank (ADCB), the ADCB Business Choice Current Account has been set up to support SME needs with its Silver, Gold, and Platinum tiers. Small businesses often choose the Silver tier for its accessible minimum balance of AED 10,000. Each tier includes benefits like free e-statements and debit cards, and ADCB’s app allows businesses to manage payroll, transactions, and essential tasks easily, keeping finances organised with minimal effort.
For businesses that prefer Sharia-compliant banking, the Emirates Islamic Business Advantage Account provides essential digital tools and personalised support to meet Islamic banking principles. A free business debit card handles daily transactions without extra fees, while cash management features simplify payroll and regular payments. There are dedicated relationship managers on hand to talk through any specific business needs.
Accounts for Large Businesses
For large companies with high transaction volumes and complex financial requirements, the FAB Business First Account is designed to keep operations running smoothly. With free transfers for both local and international transactions, it simplifies cross-border dealings. An assigned account manager offers focused support tailored to business needs, while credit and financing options, including trade finance, support cash flow management, and business growth.
HSBC Standard Corporate Current Account is ideal for multinational companies, with international banking services that support businesses across the UAE. The account’s unified system lets businesses manage accounts in multiple countries all in one place, making it easier to handle international finances. With competitive exchange rates that help reduce conversion costs and cash management tools for cohesive financial control across regions, HSBC enables businesses to operate globally with ease.
With multi-currency support, the Standard Chartered Business Banking Account improves cash flow management for businesses with international links. The bank’s digital platform covers essential functions like payments and financial tracking, while priority customer service assists companies with any challenging enquiries that may arise.
Choosing the Right Bank Account
With over 50 local and international banks operating in the UAE and serving more than 8 million residents, the country’s banking accounts have evolved to meet many demands – from advanced digital platforms to tailored financial solutions. This variety means UAE residents and businesses can expect a banking experience that is responsive to their financial needs, supported by a strong economy and a system designed for growth. Whether securing assets, expanding business operations, or managing international transactions, UAE bank accounts are fully prepared to support the ambitions of an increasingly globalised customer base.
