We are all looking for ways to manage our daily expenses and keep track of our spendings. What could be more convenient than opening a current bank account in which you can deposit and withdraw money, while keeping an accessible record of all your transactions? You can even receive payments directly into your account, enjoy online banking services, and benefit from an array of other features, depending on your chosen bank.
There are numerous advantages to opening a current account, and in this list, we will be talking about the top 5 reasons why you should open a current bank account in the UAE:
It would be much easier to obtain car loans and personal loans in the UAE if you have a current account. Making transactions through your current account also eases the process of obtaining a credit card.
- Easy money transfers:
Local creditors might charge you a high fee for transferring amounts through them. On the other hand, if you transfer through a bank within the UAE, interest rates will be at a much reasonable price.
- ATM service:
You will receive a debit card upon opening a current account, which gives you access to all the bank’s ATM machines. Some advantages of debit cards is that they eliminate cash, and you can easily withdraw money from your nearest ATM. (*)
- They come with chequebooks:
This will come in handy when it comes to paying your landlord post-dated rent cheques.
Banks in the UAE offer full confidentiality of your personal information as part of their privacy policies and there are no agreements in terms of exchanging data with any third parties.
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Learning about the benefits of current accounts in various banks is crucial when you are trying to figure out where to keep your savings and earnings.
That is what we will uncover in this segment; as we will be listing the top 4 best banks in the UAE with the best standard current bank account services:
1. ADCB’s Simplylife:
The Simplylife current account services are accessible through ADCB and Simplylife branches and ATMs all over the UAE. Enjoy premium financial solutions such as free bill payments through the ADCB mobile app, a free primary debit card, one supplementary debit card, and a free chequebook every year.
It should be noted that ADCB has been referenced as one of Forbes’ top 50 banks in the Middle East for the year of 2019. (7) (8)
2. Emirates NBD:
Emirates NBD is the largest banking group in the Middle East. One of the advantages of opening a current bank account with this bank is the free local and international remittances and low fee teller transactions.
Additionally, the Emirates NBD personal loan solutions include 6 different types of loans with competitive interest rates. (9) (*)
3. First Abu Dhabi Bank:
The First Abu Dhabi Bank is the largest equity-based bank in the UAE that offers customised solutions and products to its clients.
There are several unique services given to their personal current bank account holders; such as free lounge access at airports, a free chequebook, and a free debit card.
4. Dubai Islamic Bank:
Dubai Islamic Bank has been awarded as the best Islamic bank in the region. DIB provides several free services to their current bank account holders, including free bill payments, and free account statements.
Choose wisely when selecting the current account that compliments your personal and financial needs, and adds to your lifestyle. Turn to banks that ensure accessible, simple, and convenient services.