Types of bank accounts in Dubai

Current Account

A current bank account in Dubai and the UAE is very common among commercial companies and government companies that usually have more regular transactions with financial institutions or banks. The current account includes withdrawals, deposits and mutual transactions, and in these accounts there is usually no limit on the number of transactions per month.

fixed deposit

A fixed deposit has a higher interest rate than a savings account, and for this reason, users keep their money in the bank for a certain period of time, and in this case, the account owners cannot withdraw their money from the account early, but this type of account is always required. People’s attention is there.

Savings account

Savings accounts are accounts where the applicant deposits his deposit in a bank or financial institution in his name. Of course, small profits are also considered on these accounts, but monthly withdrawals from this account are possible and this issue is limited to a certain number at the discretion of the bank or financial institution.

Legal account

A legal account is an account in which your salary is deposited, and generally banks in the UAE and Dubai open such an account at the request of companies, and company employees can use this account.

Business account

All businesses are managed with a system that is linked to business accounts in the UAE and these accounts help business owners in the UAE and Dubai to track their expenses. Manage your funds and calculate your debt and taxes through these accounts. It should be noted that these accounts are different from personal bank accounts in the UAE.

Keep in mind that Iranians face restrictions when opening cloud accounts