You must have heard or experienced the expats’ banking. In case you are not familiar with this word then you are on the right page. We are going to discuss the best bank in UAE for expats. Before we dig in let’s have a look at what should be considered before choosing the right bank for ex-pats.
Things To Check For Expats Banking
If you want to travel abroad or have already settled abroad, you will have a variety of options for banking as an ex-pat. There are a few points you need to consider to find the best bank in UAE for expats.
Open a Foreign Bank Account
Many UAE banks often deliver the ability to handle foreign currency easily and efficiently – but always at a monthly or annual cost – depending on the bank.
Most banks are now providing online banking and telephone service to keep the finances convenient, and to be paid off and withdraw money without the need for management of the currency. However, exchange-rate volatility and transferring fees between accounts are also possible.
Check what fees the bank charges. Some banks reimburse ATM fees and others only bill you for anything you do. Read about your bank’s monthly servicing and other charges.
Look for a financial institution that does not charge fees at all. For example, although a small ATM fee can be fair, a bank hardly pays a maintenance fee. Look for do not stack a bank that charges low costs.
Good Customers Services
Don’t underestimate that good customer service is essential. You want the financial institution to feel somewhat appreciated. Are they polite to the tellers? Can you arrange a banking boss appointment? Search for a bank that will work time to respond to your needs. See also the bank’s website and telephone services for practical and easy-to-use information.
Control and the freedom to administer your transactions as well as arrange transfers to your account details anytime you wish to is a big plus. Find out whether online banking is provided by the bank and if a fee is charged. Most banks today recognize and offer free of charge the need for online banking.
Furthermore, you will find out if your bank provides instant banking to reach your account on your mobile phone. Online and mobile banking are definite criteria if comfort is essential to you.
Mashreq Bank Services For Ex-pats
Mashreq is known as one of the Best banks in UAE. Its services and convenience put it on the list of the Best banks in UAE. Mashreq bank offers the best account features as well as loans for ex-pats in the UAE.
No matter you have a salary transfer account with Mashreq or not, you can avail yourself of personal loans including mortgage loans from the bank.
A dedicated team is always ready to assist you. With online banking, you can smoothly transfer and deposit your funds.