Closing a bank account in UAE is a simple method which applies to all UAE banks. Visit the bank’s branches with Emirates ID or passport, the remaining checks and related cards. People don’t need specific reason to close the bank account, but here are some reasons to close your bank account:
- You’re shifting to a new city or state
- Better interest rates are available
- You’re switching to an online bank
- You are eligible for a bank incentive offer
- You want to avoid receiving subpar customer service
- You’re being charged hefty fees
- You can find better features and services elsewhere
- You’re opening a joint account
- You’re merging your bank accounts
- You are changing from a child account to an adult account
Documents required to close a bank account in UAE
- An acceptable photo ID includes a passport and an Emirates ID
- Credit and debit cards connected to the account
- Any chequebooks related to your account, whether they are used or unused
The Steps for closing a bank account in UAE
- Empty your account balance
You can withdraw money or you can transfer to your another account. Before you start the process of cancelling your account, you must also settle any unpaid loans and levies. Once the account has been completely cleared of all debts and charges, request an account closure of all debts and charges.
- Visit your bank
You should visit the bank to close your bank account. You have to bring the following documents with you:
- Your Id (passport or emirates id )
- Card (debit or credit )
- Remaining cheque
- Submit account closing form
Account closure form must contain the fundamental information, like the type of account you have with the bank and reason for closure . You can fill out the form and submit this form and copy of your ID at the customer care counter.
- Wait for confirmation
You will receive the confirmation of the account closure within the 3-5 business days via text or email.
FAQs
- What are the documents needed for closing a bank account in UAE?
- An acceptable photo ID includes a passport and an Emirates ID
- Credit and debit cards connected to the account
- Any chequebooks related to your account, whether they are used or unused
- Is there any cost to close your bank account in UAE?
No, there is no cost for closing your bank account in UAE
- Can the process of closing the bank account done online?
No, every bank requires a branch visit to begin an account closing request.
