While most of the banks do not charge you an additional fee for a dormant account, you are required to maintain a minimum monthly balance to avoid attracting monthly account maintenance charges or penalties.

In case you are a UAE National, the bank will freeze your account, and the amount in your account will be granted to the nominee mentioned in your bank form. If you are an ex-pat, your bank accounts will be frozen until the court in the UAE grants probate. Once sanctioned by the court, the amount will be released to your nominee.

Yes, the bank allows you to close your bank account. However, most banks will charge you an account closure fee if you close your account within 12 months of opening it.

Usually, the bank does not interfere with your activities if you have maintained a minimum balance. However, in some cases, the bank may decide to close your banking account if it has been inactive for a long time. In case the bank decides to take any action on your account, the bank will send you a mail requesting immediate action on the matter.

Yes, banks in the UAE allow you to connect your bank account to your phone wallet to make easy payments all around. You can use Apple Pay, Ewallet, PayBy, Google Pay, PayPal, Samsung Pay, and other platforms to make payments from your banking account.

Various banking accounts have different currency preferences as per the banking account. For instance, a savings account in a bank may accept USD, AED, GBP, and other currencies while a current account in the same bank may not accept any other currency except AED. However, you have the option of using foreign currency in almost every bank. However, you are advised to check if the banking account of your choice accepts payment in foreign currency.