An Overview of Banking in UAE

As you would anticipate from a significant worldwide monetary center, the UAE flaunts a high-level financial industry. A list of private Banks in the UAE rushes to accept new turns of events. Expats living in the nation normally advantage from this proactive methodology; it is very common for bank authorities to visit people in their homes or workplaces to discuss monetary exchanges. Advanced and portable banking is also well known, and there is a wide range of ATMs the nation over.

A list of private banks in UAE provides a wide range of services like the bank of Baroda internet banking UAE, loan facilities, and credit cards. Unlike the rest of the world Islamic banking is also prevalent in many parts of the UAE. The services are provided both to the residents and the non-residents living in UAE.

For ex-pat inhabitants, opening an account in the UAE is generally not troublesome, in spite of the fact that candidates are needed to submit a few records. These incorporate the candidate’s identification, a duplicate of their visa, a duplicate of their Emirates ID card, and a letter from their boss giving affirmation of their compensation or a letter of no complaint from their manager or support. Regularly, banks in the UAE are open from 8 am to 2 pm, Saturday to Thursday. A list of private banks in UAE uses English as the language to communicate.

Modes of payment in UAE

Cash is still a popular way to pay for small day-to-day purchases in UAE. Although a list of private banks in UAE considers cheques as valuable and an essential mode of payment. Cheques are used as security against loans and credit cards. Important to mention bounced cheques in UAE are considered a criminal offense and are punishable by law. Apart from the traditional cash and cheques, other and more modern modes of payment are also used in UAE like debit and credit cards, mobile wallets, Bank of Baroda internet banking UAE, direct debits, and standing orders.

Etisalat Yellow Pages provides a list of private banks in UAE. All the details and the services provided by the private and public banks working in the UAE are provided on our portal. Using Etisalat Yellow Pages you can search for a bank from any part of the UAE and get in contact with them and they will provide you hassle-free service.