What it means
Know Your Customer — the checks a bank does to confirm your identity and where your money comes from.
Banking
KYC
Also: Know Your CustomerKnow Your Customer — the checks a bank does to confirm your identity and where your money comes from.
CategoryBanking
Pro tip inside1 quick win
What “KYC” really means
The meaning, how it works in the UAE, and why it matters to your money.
How it works in the UAE
Know Your Customer checks are how banks confirm your identity, address, income and source of funds. UAE banks must do them when you open an account or apply for credit.
Why it matters
Incomplete KYC is one of the most common reasons applications are delayed.
PRO TIPKeep clear copies of your Emirates ID, passport, visa and proof of income ready.
Test yourself
Which of these best describes KYC? Tap an answer.
Read more about KYC
Guides that use this term — and a tool to put it into practice.
