Which banks allow foreigners to open accounts in Abu Dhabi?

In Abu Dhabi, many banks offer account options for both residents and non-residents, but requirements differ based on your visa status. If you’re holding a residence visa, you’ll have broader access to account types, including current and salary accounts. For tourists or business visitors without residency, access is limited to non-resident savings accounts with specific conditions. This difference is critical, especially if you’re planning a long stay, managing property, or doing business in the UAE.

The Central Bank of the UAE regulates eligibility

Every bank operating in Abu Dhabi must follow Central Bank regulations that prioritize compliance, identity verification, and financial transparency. As a foreigner, you’ll need to submit verified documents, including a passport, visa (if applicable), proof of address, and sometimes a bank reference from your home country. Most importantly, the bank must be able to verify your income source or the reason for your account opening. Some banks may request a UAE mobile number or a tenancy contract, even for basic services.

International banks tend to be more flexible with foreign clients

Foreigners who prefer familiarity or need international services often turn to global banks operating in Abu Dhabi. Institutions like HSBC, Standard Chartered, and Citibank have dedicated expatriate banking solutions. These banks are more experienced in handling multi-currency accounts, cross-border fund transfers, and customers without UAE residency. However, their minimum balance requirements are often higher, and approval timelines can stretch longer due to background verification across borders.

Local banks with expat-focused services are also popular

Several UAE-based banks cater to foreigners with residency visas, and a few offer options for non-residents. Banks like First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Mashreq, and Emirates NBD have expat banking desks. These institutions typically offer current accounts for residents and savings accounts for non-residents, with services available in multiple languages. Application forms and support are often available in English, and some banks provide mobile banking setups on the same day.

Non-resident accounts come with more conditions

If you’re opening an account without a residency visa, be prepared for stricter policies. Non-resident accounts generally offer savings functionality but may not include debit cards, checkbooks, or online banking. Some banks set higher minimum deposit thresholds and may freeze the account if you fail to maintain a consistent balance. Others restrict fund transfers or limit the number of monthly transactions. Make sure to confirm all conditions in writing before proceeding with account activation.

Documents required can vary by institution

While all banks require a passport, other documents may differ. Residents need to show their Emirates ID and residence visa, while non-residents are typically asked for proof of foreign address, a letter explaining the purpose of the account, and sometimes a personal reference letter. If you own property in the UAE, a title deed or utility bill may support your application. Banks may also request additional documents if you’re self-employed or opening a joint account with a spouse.

Digital account openings are possible but limited

Some banks now allow partial digital onboarding via their mobile apps or websites, especially for residents with Emirates IDs. However, full account activation often still requires an in-person visit for signature verification and original document review. Non-residents usually have to visit a physical branch at least once. Appointments are recommended, especially at international banks or during peak times such as national holidays or the start of the business week.

Currency flexibility matters for international clients

Many foreigners living or doing business in Abu Dhabi prefer to open accounts that support multi-currency functionality. This is particularly useful for clients dealing in USD, EUR, or GBP. International banks usually provide better currency management features, but some UAE banks now offer multi-currency wallets and foreign exchange-linked savings accounts as well. Ask the bank whether your chosen account supports holding and transferring multiple currencies under one customer ID.

Relationship banking may influence approval speed

In some cases, having an existing relationship with the bank—even through a home-country branch—can speed up the account opening process. If you’re using the same international bank in another country, ask whether internal referrals can be used to support your application. Some banks prioritize clients who already have investment portfolios, salary transfers, or mortgage plans in the UAE. These relationships can also help you access preferred rates or avoid certain fees.

Always review the terms before depositing large amounts

Before funding your new account, be sure to read the terms and conditions in full. Banks are transparent about account fees, minimum balance charges, and monthly maintenance costs. However, these details may vary based on your account type and whether you’re a resident. Non-residents should be especially careful about restrictions on large international transfers or daily transaction caps. Ask for printed brochures or email confirmation of all conditions.

This guide was compiled by www.few.ae team, based on verified procedures and current bank offerings in Abu Dhabi.