In the era of digital freedom, mobile banking has become an integral part of daily existence. Almost 90 percent of the 10 million people residing in the UAE use a mobile banking app for banking services. This phenomenon has unburdened the banks from long queues of complaining customers. Instead, banks now are more focused on providing innovative value-added services through their app.
Before opening a bank account in UAE you had to physically visit the bank with your documents. This feature is now available through your banking app. Using advanced technology and top-notch security layers, you can easily and securely create your online bank account.
Top Banks That Offer Instant Bank Account Opening
First Abu Dhabi Bank (FAB)
One of the largest of the UAE banks, FAB is known for its exclusive discounts and the unmatched features in the different accounts such as:
- Elite Current Account
- Elite Savings Account
- Personal Account that works like a current account
- Personal Savings Account
- Etihad Guest Account
- Etihad Guest Elite Account
- Islamic Current Account
- FAB One Account
With each of these, you get a free debit card and the ability to pay your utility and credit card bills. You can also transfer money via SMS. Another unique thing about FAB is that besides its mobile banking app for opening these bank accounts instantly, it also has a smart fully-featured e-wallet.
Commercial Bank of Dubai (CBD)
The digital bank account from CBD can be opened in 3 minutes with features like:
- No minimum balance
- No need to transfer your salary
- Free remittances to popular home destinations
- Free ATM withdrawals
CBD also boasts additional benefits like 500+ dining offers and dedicated CBD loyalty rewards. You also get a 25% fee waiver if you are looking to get a locker. Another great benefit is that you get a discounted salary advance, easing your mind against exorbitant fees. You also have a chance to get preferential pricing and charges on loans.
Emirates NBD
This bank is loaded with extras and the requirements for opening a bank account in UAE is simple. Just scan your Emirates ID using the camera on your mobile. Take a selfie and you’re done. You immediately get a notification of your brand-new NBD account.
With your new account you will be able to do things like:
- Free money transfer to India, Philippines, Pakistan, Egypt, UK and Sri Lanka in 60 seconds
- Phone doubles as an e-wallet
- Free Debit Card
- Free Teller Transactions on certain accounts
- Withdraw money from 600+ ATM machines around the world without using an ATM card
- Win Big Rewards along with Exclusive Discounts
Mashreq Bank
The Happiness Salary Transfer Account is a special online bank account opening through the mobile app with features like:
- No monthly fee
- No minimum balance
- Free debit card
- Free First Checkbook
- Free Remittance
You also get a joining bonus up to Dhs. 2000. Additionally, you get two options to fund your new account. Deposit money through the Cash Deposit Machines or use swift transfers from other bank accounts.
Final Thoughts
The UAE has gained momentum in the digital banking world with high standards set for technology. Security too is a high priority for banks as they try to offer more services through the banking app. Like the instant opening of a bank account in the UAE.
