How to Find the Best Bank Account in UAE
With so many bank accounts in UAE to pick from, always make sure that you compare carefully the category of bank account you actually require before you go forward and commit yourself to a new bank. Bank account features that you need to consider include: rate of interest on you balance, minimum balance in your account, charges if balance is lower than minimum balance, online banking, mobile banking, customer care, standing instructions, nomination facility, overdrafts and additional lending, offers and discounts, cheque bounce charges, outstation cheque charges, other charges that may apply to the account, and charges waiver options.
Calculate and analyze every feature of a bank account online before you actually go ahead and put your hard earned money into a bank account. For that motive you must very cautiously compare bank accounts in UAE and choose the one which offers you with extra features and services with reasonable charges. Mostly there are two types of bank accounts for handling your funds: a savings account and a current account. There are also other accounts offered by banks in Dubai, such as Islamic bank account, relationship manager account, deposit account etc.
If it is your concern that you may not be able to efficiently manage your expenditure, then when you evaluate saving accounts in Dubai from different banks, a savings account may be the perfect option for you. A savings account will allow you deposit and withdraw funds for your individual or professional use, and also you can pay your bills such as, gas bill, electricity bill, mobile bill etc. On the other hand, with a savings account you will not be able to use more money than is in your account, unless you have taken overdraft facility.
Many customers like the features of the savings account; it is like an investment where you get return on your money along with savings. It gives a sense of regulation on them which for whatever reason they were not able to force on themselves. With a savings account you will also get a debit card. This card can be used to withdraw cash or shop for anything up to a decided limit from the bank.
It’s difficult most of the times to compare saving accounts in Dubai, or compare other bank accounts, as there are thousands to options to choose from. With financial services comparison websites it is no more a headache to find out what fees banks charge for what services and which one is ideal for your requirements. It’s time for you to be smarter than banks and financial institutions. It is, after all, your money.
The author loves to share her experience with others. Here she is telling about the different bank accounts in UAE. Get information on different accounts prior to get saving accounts in Dubai.