Emirates NBD Bank Dubai
Emirates NBD is one of the leading banks in the United Arab Emirates. It’s owned by the Dubai government and was founded in 2007. In terms of assets, it is counted among the top banking groups in the Middle East. Starting an account with NBD means access to cutting-edge financial services, including fast transfers, multiple currency exchanges, mobile banking, online support, and more. It’s especially suitable for MNCs and entrepreneurs.
Key reasons to open an account with Emirates NBD Bank:
- Wide range of business and private banking services
- Strong digital banking platform and mobile app
- Extensive ATM and branch network across the UAE
- Competitive interest rates and low minimum balance requirements
- International banking and multi-currency account support
The bank offers several types of accounts to suit different requirements, e.g., business, savings, and current accounts. Starting your account is structured, but may require professional assistance, especially for businesses and offshore entrepreneurs.
This guide walks you through everything you should know about starting an account with Emirates NBD in Dubai. It will help you avoid any complications and challenges along the way, to experience a smooth process.
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Types of Emirati NBD Accounts in the UAE
This account is good for daily banking. You can deposit and withdraw money anytime. It comes with a checkbook and debit card. You need to keep at least AED 3,000 in the account to avoid a monthly fee. You can use online and mobile banking too. This account is best for people who live and work in the UAE.
This account helps you save money and earn interest. It gives you a debit card to use at ATMs and shops. The more money you save, the more interest you can earn. You must keep at least AED 3,000 in it to avoid charges. It is easy to check your balance online.
This is a bundle of services for regular banking needs. It includes both current and savings accounts. You need to maintain a minimum balance of AED 5,000. You get access to discounts and some lifestyle offers. It is good for people who want simple benefits with their banking.
This package gives extra banking benefits. You get priority service and exclusive offers. A current account requires a deposit of AED 15,000 to AED 49,999. Savings accounts require a higher deposit of AED 100,000. This is for customers who want better services and can maintain higher balances.
This account is for high-income customers. You get a personal relationship manager. It offers global banking support, travel perks, and premium cards. To join, you must keep at least AED 500,000. This account gives faster service and expert financial help.
This account is for saving a set amount of money for a fixed time. You cannot take money out until the time is over. You get a higher interest rate for this in return. AED 10,000 is the required deposit amount for this type. This type of account helps you keep your savings aside from daily usage.
If you earn a monthly salary, this type is for you. A minimum deposit is not required in this type as long as your salary is transferred to this account monthly. It comes with a debit card and online banking. It’s a good option for employees who want easy access to their money.
Steps to Open a Bank Account with Emirates NBD
There are different options available suitable for different needs. Figure out your needs and requirements. Make the choice accordingly.
The required documents will be different based on your chosen type. Gather all the documents and ensure they’re valid and complete.
Ensure that you meet the eligibility criteria defined by the bank under each account type. Whether you’re a resident or a foreigner, prepare documents and information accordingly.
You can apply online, via mobile app, or in person. See which option is most suitable for you. Attach all the necessary documentation and information with the application. Ensure transparency and validity.
After application approval, your account will be activated, and you will be provided with the debit/credit card, checkbook, and other documents.
Request to set up the mobile app and online banking option. It helps greatly in everyday banking. You can make a request for other services you might require as well.
Deposit funds according to the requirements of your account type. Each account type has a defined minimum balance limit.
Your account is fully ready to use now. You can get cash, transfer money, and access all other services.
Understanding General Trading License in Dubai
Buying and selling goods
Importing and exporting products
Wholesale and retail trading
Selling items online (e-commerce)
Trading tools, equipment, and materials
Storing and delivering goods (logistics)
In simple terms, if your business involves handling different products, this license is required. It is one of the most useful and flexible licenses in Dubai.
Difference Between Mainland & Free Zone Online Business
- Mainland
- Free Zone
The mainland licenses are regulated by the Department of Economic Development (DED). It provides several benefits to online businesses. Here are some of the highlights:
- You can trade freely within the UAE market
- UAE residents and foreign investors can get government support
- Mainland partnerships may be better for the long term
Free zones are regulated by their own authority, offering many benefits to new e-commerce businesses in Dubai. Some of the highlights about free zone setup include:
- Free zones in Dubai offers 100% foreign ownership and tax benefits
- Limited to operating within the Free Zone
- License issued by Free Zone authority with simplified setup
Your Best Banking Options in the UAE
Emirates NBD
This bank started in 1963. Its one of Dubai’s oldest and largest banks. It leading in digital banking. Its strong local trust and wide service network give it a solid edge in both personal and business services.
RAKBANK
RAKBANK was founded in 1976 and focuses on helping individuals and small businesses. It offers both regular and system compliant to Islam. The bank’s strength is in simple services, e.g. fast opening, and easy loan access for startups and freelancers.
First Abu Dhabi Bank
FAB was founded in 2017 from a merger and is now the largest bank in the UAE. It offers strong financial support and global reach. FAB’s edge is in high-value services and safe, large-scale banking for professionals and growing businesses.
ADCB
Abu Dhabi Commercial Bank began in 1985. It is known for smart digital services. It focuses on saving time for users through applications and online tools. It has strong customer service and tech-based growth. Among the best for personal and corporate banking.
Emirates Islamic Bank
This bank started in 2004. It is known for blending laws of Islam with modern tools. It was the first shariah bank to launch WhatsApp banking. Its main strength is offering Shariah-compliant products with easy access and user-friendly digital support.
Benefits an Account with Emirates NBD
Diverse account options
Efficient mobile app
Fast money transfers
Multi-currency support
Low minimum balance
Competitive interest rates
Large ATM network
Priority customer care
Easy online access
Secure contactless pay
Eligibility Criteria for Opening an Account with Emirates NBD
- Must be at least 18 years old
- Valid Emirates ID (for UAE residents)
- Valid passport (for non-residents)
- UAE residency visa (for expats)
- Proof of income or employment
- Minimum salary as per account type
- Initial deposit as required by the bank
- Utility bill or tenancy contract for address proof
Required Documents for ENBD Account
- Valid Emirates ID
- Valid passport copy
- Residence visa copy
- Recent passport-size photo
- Salary certificate
- Proof of address
- Trade license (for businesses)
- Emirates NBD application form
Financial Services Offered by Emirates NBD
Digital Tools
Emirates NBD’s digital tools make banking easy with the ENBD X app, fast global transfers via DirectRemit, WhatsApp banking, and smart ITMs. Get instant alerts, use 24/7 phone support, and enjoy secure contactless payments with Apple Pay, Google Pay, or Samsung Pay.
Credit Cards
The NBD has many credit cards made for different needs. They offer rewards, travel deals, and special perks. Some cards give points, flight miles, cashback, or free memberships. Choose the one that matches your lifestyle and spending habits.
International Banking
Emirates NBD makes global banking easy. You can send money fast, use multi-currency cards, or open accounts in foreign currencies. Services include quick transfers, safe large payments, and cards that work in many currencies.
Wealth Management
Get expert help to grow your money. Emirates NBD offers investment tips, small bond plans, insurance options, and gold savings. Use the Wealth 360 Dashboard to see all your investments in one place and track them anytime.
Investment Opportunities
ENBD X provides you with smart investment banking options. Buy and sell over 11,000 stocks, explore bonds and sukuk, or choose from top-rated mutual funds. You can also check, research, monitor performance, and manage your portfolio in real time.
Banking Made Easy with IBG Consultancy
Book a Free Consultation
Contact our experts to choose the right account for your business or personal needs.
We Prepare Your Documents
Our team gathers, reviews, and organizes all required paperwork for a smooth process.
Direct Bank Coordination
We connect directly with leading banks in the country to fast-track your application.
Account Opened
Get your account activated and ready to use, without any delays or confusion.
Why IBG Consultancy is Trusted for Banking in Dubai
We make your banking journey easy, providing you with a new account suitable for your requirements. All you have to do is get in touch with us, provide the details, and wait for the due processing time. Contact us today to open your account with Emirati NBD successfully.
Frequently Asked Questions
What is the new Emirates NBD Share Visa Credit Card, and how does it work?
The new NBD Share Visa Credit Card allows users to earn points on every purchase, which can be redeemed at participating outlets. It’s designed for both convenience and rewards.
Is the NBD Bank PJSC part of the Dubai Financial Market?
Can non-residents benefit from asset management services at the NBD?
What kind of support does the bank offer for corporate and retail banking needs?
Is there a focus on strong Islamic banking within Emirates NBD’s offerings?
What is the significance of Baniyas Road and Deira in relation to the National Bank of Dubai?
Does the NBD operate outside the region as well?
What services are included in the Emirati Business Package?
How does the NBD contribute to the next generation of Emirati professionals?
What role does the NBD play in the GCC region’s financial sector?
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