If you are looking to open bank account in UAE this is the right time to apply for it as bank account opening in UAE becomes easy as cooking noodles.
How to open Free Bank Account in UAE:
There are many banks to choose from but we come with the best bank in UAE for expats not only in UAE but it is the number one bank across all gulf regions.
We are talking about Emirates NBD who created the “Liv” which is the first digital lifestyle banking app in UAE and is now allowing expats to apply for free bank account in UAE.
We are talking about Emirates NBD who created the “Liv” which is the first digital lifestyle banking app in UAE and is now allowing expats to apply for free bank account in UAE.
About Liv?
Liv is the brainchild of Emirates NBD group which is one of the most modern, innovative and trusted banking apps of its kind that helps around everything you possibly want from a world class bank.
Benefits of Free Liv Bank Account:
1: An Instant digital current account
2: A debit card for worldwide payments
3: Online banking to track your payments
4: Withdraw cash at all ATMs
5: An easy way to pay your utility bills
6: Pay people or transfer money with a tap
7: 24/7 emergency supports with live chat
8: Enjoy 50% off deals, online shopping etc
Requirements of opening Liv Bank Account:
As we stated above, opening free bank account in UAE is as easy as cooking noodles, the requirements include:
1: A Smart Phone to install Liv application
2: Your Valid UAE Mobile Number
3: Your Valid Emirates ID Number
4: You should be 18 Years old
There is no NOC required from Company nor original passport or visa is required.
How much does it cost to open Bank Account in Liv?
Absolutely nothing, yes you will not be charged any amount while opening Liv account.
Who can apply for Liv Bank Account?
Everyone who owned the valid UAE residence visa, Emirates ID and Mobile Number can become the member of this fast growing best bank in UAE.
Account Registration through Mobile Apps:
In-order to start creating your bank account online, you will have to download Liv application on your smart phones by following below links.
Once you have downloaded and installed the app, click on sign up, after completing the sign up process, click on sign in to start creating your bank account.
You will be asked to scan your Emirates ID online in-order to activate your account, once you have scanned the ID card, your request will be sent to bank and you will be contacted through sms or call for the delivery of your debit card.
You can also track your Account or debit card status online through Liv app.
Once your card is delivered to you , its time to activate it, you can activate it through same app, in-case of any issue, you can contact help center through chat option in settings.
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T&C to open Free Account:
T&C to open Free Account:
You need to keep 1500 AED in your Liv account as an average balance, it looks a little bit difficult but no it’s not, all other banks in UAE such as Dubai Islamic Bank,HSBC Bank, NBAD and commercial bank of Dubai are demanding minimum 3500 to 5000+ balance
you have 3 more options if you can’t keep 1500 in Liv account then do either of the following:
1: Pay 10 AED each month until you got 1500 AED to keep in your account.
2: Transfer monthly salary of 4000 AED or more to Liv
3: Spend at least 2000 AED every month with your Liv card
The guide about How to open free bank account in UAE is ended here, we would recommend you to apply for it, 1500 AED is not big amount to keep in account, you can take loan from your company or advance money from your friends, relatives to start, later you can pay them back.
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