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Step-by-step guide on opening a bank account in UAE: Learn how to open a bank account in UAE hassle-free.
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Whenever you plan to settle in the United Arab Emirates (UAE), one crucial thing you will need is a local bank account. However, to open a bank account, there are certain prerequisites instituted by banks, one of which is a minimum salary requirement. Each bank in the UAE has its list of documents required for bank account opening in UAE. This article will shed light on the salary benchmarks set by popular UAE banks and the other factors involved.

Introduction to the UAE Banking System

The UAE banking system comprises 60+ banks, including local and international. This indicates a well-structured, robust financial environment that offers a plethora of options to consumers. This vibrant mix of banking institutions creates competitive services and policies that favour consumers – both residents and non-residents — and make it easier for them to fulfil the requirements for opening a bank account in the UAE. Corporations consider it a suitable environment due to its regulatory compliance and a wide range of services.

Importance of a Bank Account

Having a bank account in the UAE is indispensable. It doesn’t just serve as a tool for financial management; it makes transactions convenient, ensures money safety, facilitates saving, offers credit facilities, and even assists in building a viable credit history. Moreover, it provides a secure way to receive your salary, directly transferred from your employer, thanks to the Wages Protection System (WPS) set up by UAE’s Ministry of Human Resources and Emiratisation.

List of Some Prominent UAE Banks

Here are some of the renowned banks operating in the UAE and offer services on how to open a bank account in Dubai online:

  1. Emirates NBD
  2. Abu Dhabi Commercial Bank (ADCB)
  3. National Bank of Abu Dhabi (NBAD)
  4. Dubai Islamic Bank (DIB)
  5. Mashreq Bank
Bank Account for Housewives in UAE - Empowering Financial Independence

Determining the Minimum Salary Requirement

The UAE banks have set a minimum salary requirement to open a bank account. This stipulation helps banks manage risks associated with defaulters. This stipulation, however, doesn’t close the doors on people who cannot meet this requirement, as there are ways on how to open a bank account in UAE without salary.

Factors Influencing Minimum Salary Requirement

An assortment of factors come into play when banks determine the minimum salary requirement to open an account, including:

  1. Bank Policies and Regulations: Each bank has its own set of rules and strategies to analyse risk. Therefore, the amount might vary from bank to bank.
  2. Applicant’s Profession and Job Position: Certain professions and designations might have different salary requirements by default due to their risk profile.

Apparently, the banking system in the UAE is quite flexible. For instance, some banks even offer zero balance account for housewife in UAE.

The following table shows a general overview of the salary requirements of the aforementioned banks:

BankMinimum Salary Requirement (AED)
Emirates NBD5,000
Mashreq Bank10,000

Note: These amounts are subject to change depending on the bank’s policies and other factors like work sector and profession.

Average Minimum Salary Requirement for Major UAE Banks

As stated above, minimum salary requirements can differ greatly amongst UAE banks. These variations can be attributed to each bank’s unique calculation methods and risk assessment factors. Generally, however, the minimum salary requirement tends to fall within 3,000 to 5,000 AED for the majority of banks. This range is however subject to changes as banks often review and amend their policies.

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Consequences of Not Meeting the Minimum Salary Requirement

Not meeting the minimum salary requirement to open a bank account in the UAE can lead to some challenges. Most notably, you could be denied the bank account and miss out on various services such as direct deposit of wages, debit cards, and online banking. Furthermore, without a bank account, managing your finances can become more challenging. You may also face difficulties with money transfer and might be forced to go through cumbersome cash transactions.

Alternative Options for Those Who Do Not Qualify

If you do not meet the salary requirements to open a standard bank account, there are options available for you. Some banks offer savings accounts that don’t have a minimum salary requirement. Furthermore, UAE banks provide two main variants of bank accounts for those with lower incomes:

  1. Zero balance savings account: These accounts don’t require a minimum balance.
  2. WPS accounts: These are specifically designed for low-income workers and do not require a minimum salary.

The Process of Opening a Bank Account in the UAE

The entire process of opening a bank account in the UAE is straightforward and can be broken down into a few steps:

  1. Choose the bank that suits your needs and requirements.
  2. Fill in the required application form and provide necessary documents.
  3. Once your application gets approved, you’ll receive your account details and any associated cards, cheque books, etc.

Required Documentation

The list of documents required may vary slightly from bank to bank. However, common documents that banks will typically ask for include:

  1. Original and copy of a valid passport.
  2. Resident Visa page.
  3. Salary certificate or payslip.
  4. Emirates Identification Card.
Opening a Bank Account: A Step-by-Step Guide

In a nutshell

To conclude, various factors affect the minimum salary requirement to open a bank account in UAE. This requirement varies across banks and is influenced by the applicant’s profession. It’s imperative to research and inquire about the specific requirements pertaining to your choice of the bank beforehand to avoid any unwelcome surprises. Furthermore, for those who do not meet the criteria, alternative options are available.


  1. What is the minimum salary requirement to open a bank account in UAE?
    For most banks in the UAE, the minimum salary requirement varies between 3,000 – 5,000 AED, although it can also be significantly higher depending on the bank and type of account.
  2. Can I open a bank account in UAE without meeting the minimum salary requirement?
    Yes, some UAE banks offer zero balance accounts and WPS accounts for those with lower income or who don’t meet the minimum salary requirements.
  3. What documents are required to open a bank account in UAE?
    Typically, you’ll need a valid passport, resident visa page, salary certificate or payslip, and your Emirates ID.
  4. Can I open a bank account online in UAE?
    Yes, most UAE banks offer the option to apply for a bank account online.
  5. What alternatives are there for individuals who do not qualify for a bank account due to minimal salary?
    They can opt for a zero balance savings account or a WPS account that is specifically designed for low-income workers and does not require a minimum salary.