Personal Bank Account
Your Private Access to Banking Services
Opening a personal bank account in Dubai and the United Arab Emirates requires holding a residence visa. At RNM Solutions, we streamline this process for our clients, offering expert assistance from start to finish. It’s important to note that a personal bank account isn’t necessarily linked to a business account. We guide you in selecting the bank best suited to your needs. Opening a personal account requires your physical presence for document signing at the branch. We ensure this process is as swift as possible, typically completing account opening within 7 days.
Bank Cards: Flexible Options for Your Financial Needs
Banks in Dubai and the United Arab Emirates offer a comprehensive range of bank cards to cater to various financial needs:
Prepaid Card: Ideal for strict spending control, preloaded with a determined amount.
Debit Card: Allows cash withdrawals from ATMs, directly debited from the bank account.
Credit Card: Offers the flexibility of deferred payment at merchants, requires blocking funds with deferred debit.
Understanding the distinction between debit and credit cards is essential, a nuance that may surprise residents of some countries where this distinction isn’t as pronounced. Debit cards directly deduct from the account, while credit cards block funds, thus determining the spending limit. Account debiting is deferred, with an interest-free period ranging from 30 to 55 days, depending on the card type, and interest applied thereafter. Re-crediting the card restores the original spending limit.
Enjoy a full range of cards, from basic options to high-end cards, all issued by MasterCard and Visa networks. We advise you on the best solution to meet your specific financial needs.
