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Opening an account in United Arab Bank (UAE)

Opening an account in United Arab Bank (UAE)
  • Price:by agreement
  • Term:3 weeks
About bank

United Arab Bank PJSC is an Emirati bank established in 1975 by investors from the UAE and France. Over the years of its operation, it has achieved significant success in the Emirates, has 6 local branches and is the bank of choice among corporate clients in the UAE.

Serves all levels of business, ranging from local small companies to multinational companies and government agencies.

UAB has high credit ratings from Fitch Moody's agencies and is recognized as a stable bank in the UAE.

Name
United Arab Bank
Category
Operating
Opening date
3 weeks
Price
by agreement
Bank Features
  • Free debit cards MasterСard;
  • affordable digital banking;
  • transfers via SWIFT system;
  • provides individual IBANs;
  • escrow services;
  • premium banking services.
Who are the accounts for?

Unitedarabbank serves private and corporate clients from all over the world. Priority is given to companies registered in the UAE and its Free Economic Zones. Companies from other jurisdictions are considered individually and only in case of high account turnover.

Account types

Current and savings accounts.

Bank rates
Minimum deposit:
deposit/account balance
25 000 AED
Commission:
for non-compliance with the balance
262,5 AED/month
Account service:
depends on turnover
from 52,5 AED/month
Account closing:
for all categories of clients
262,5 AED
Bank visit

To open an account, a personal visit to the UAE is required to meet with a bank manager and sign all necessary documents.

Account opening procedure
1
Getting to know the client and his business
2
Collection and preparation of documents
3
Sending documents for compliance
4
Preliminary positive response from the bank
5
Personal meeting with the banker
6
Filling out bank forms
7
Making an initial deposit
8
Gaining access to the account

Please note that according to international account opening standards, each bank is required to adhere to the KYC procedure, therefore, the bank will require documents and data confirming the identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse to cooperate without giving reasons.

In order to avoid such negative consequences, please contact specialized lawyers for a preliminary consultation on opening foreign accounts, and we will tell you all the nuances of how to open an account in the Emirati bank - United Arab Bank (UAB).

Popular questions
What types of accounts does United Arab Bank (UAE) open?
The bank opens current and savings accounts. For assistance in opening an account, preparing documents and completing the compliance procedure, leave a request on our website and we will contact you immediately.
How long does it take to open an account in United Arab Bank (UAE)
The opening period varies depending on the complexity of the client and the type of account, on average - 3 weeks.
Is it possible to open an account in United Arab Bank (UAE) online?
To open an account, a personal visit to the UAE is required to meet with a bank manager and sign all necessary documents.
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