Closing a bank account in the UAE: Tips to avoid recurring fees

Leaving Dubai for good can be a daunting process, with tasks such as cancelling cards and utility accounts. However, one of the most important steps is closing a bank account. This process can be time-consuming, so it is advisable to do it at the beginning of the departure process. Residents may also choose to close their accounts when switching to another bank or if their account has been inactive for a long time.
Closing a bank account in the UAE can vary in terms of charges, with some banks offering it for free while others may charge anywhere between Dh100 to Dh1,050. The process begins with clearing all outstanding dues, including credit cards, loans, and account maintenance fees. There are several documents required for the closure, such as Emirates ID or passport, proof of residence, chequebooks, and clearance letters from companies.
Unlike other bank-related tasks that can be done online, closing an account requires physical presence at a bank branch. Residents need to fill out an account closure form, transfer funds to another account, return chequebooks, and submit any required clearance letters. It typically takes between three to five working days for the account to be closed, with applicants receiving a closure letter once it is done.
It is essential to close a bank account before leaving the UAE to avoid automatic closure or freezing due to inactivity. Inactive accounts may incur additional fees, so it is crucial to settle all dues before closing the account. It is also recommended to keep debit cards for safety reasons. By following these steps and keeping all required documents ready, expats can smoothly close their bank accounts and complete the process of leaving Dubai.