Let’s look at some benefits that you may experience as a Premier account holder:
- Relation manager assigned to your account to cater to your banking needs.Relation manager assigned to your account to cater to your banking needs.
- Dedicated service area at the branch – no need to stand in queues.
- Free Cheque books.
- Lifestyle benefits like health club access, valet parking, club discounts, etc.
- Preferential rates on loans.
- Seamless International banking.
- Attractive foreign exchange and trade finance rates.
- Free emergency services.
These benefits can vary depending on the bank you choose. Having said that, it is important to note that as a Premier banking customer, you are bound to have some additional benefits over regular account holders.
Each type of account and bank will have its own eligibility criteria which needs to be checked individually. Some common eligibility criteria are:
Age : Usually, any financial transaction requires the applicant to be at least 18 years of age.
Nationality : Most of the accounts offered by banks are available for UAE residents and non UAE residents alike.
Type of entity : Depending on the type of account and bank you apply to, certain entities are permitted to open accounts in UAE. Some commonly accepted entities are:
- Non-governmental organizations (NGO)
- Public corporations
- Registered societies/associations/clubs, trusts
- Government/semi-government bodies/departments
- Private and public limited companies
- Resident Individual
- Sole trader businesses
- Hindu undivided family
As is the case with eligibility, every bank may have its own requirement of documents to process your account application. Apart from the application form, some basic documents needed are:
- Original passport for verification along with a copy
- Copy of the visa
- Proof of address
- ID proof
It is important to note that with mobile-banking, SMS-banking and internet-banking, convenience should no longer be the reason for opening a Premier account. Research well and try to find a premier banking solution that best suits your needs.