Are you looking to open a bank account in the UAE that offers flexibility and a range of benefits?
The Commercial Bank of Dubai, also known as CBD, is a top bank in the UAE. It offers an extensive range of financial products and services to meet customers’ needs across the UAE. CBD has several attractive options, whether you want to open a personal savings or business account.
Opening an account with the CBD is easy and suitable for individuals and businesses. If you are wondering how to open a CBD account in UAE, then this guide will give you a simple step-by-step overview of the process, the required documents, and the benefits of CBD account opening in UAE.
Types of CBD Accounts in UAE
CBD offers a variety of accounts, each designed to cater to specific needs. Explore the Various CBD Account Types Available in the UAE:
| Category | Account Types |
| Personal Banking | Digital Current Account |
| Foreign Currency Account | |
| Gold and Silver Account | |
| Business Banking | Premium Business Account |
| Gold Business Account | |
| Platinum Business Account |
1. Personal Banking
Digital Current Account:
Features:
- Free mobile and online banking
- Thousands of discounts via the CBD mobile app
- Money transfer services
- Two free international transfers per month
- Flexible deposit terms
- Free debit card
- Free cheque book
- Instant money transfers to India, Pakistan, Bangladesh, and the Philippines
- Foreign Currency Accounts
- Open a foreign currency account instantly
Foreign Currency Account:
Features:
- Multiple currencies
- Instant account opening online
- Benefits of banking with CBD’s foreign currency account
- Open a foreign currency account in minutes through the CBD mobile app
- Foreign currency accounts in major currencies (USD, GBP, EUR, SAR, AUD, CAD, CHF, SEK, JPY)
- SMS alerts for your transactions.
Gold and Silver Account:
Features:
- Buy/sell gold and silver online
- Flexible deposit terms
- Competitive prices on precious metals
- Benefits of digital gold and silver trading with instant execution
- Trade based on rates published by CBD Treasury
- Quick and easy account opening
- Competitive and attractive pricing
- Convert gold and silver to cash anytime
- Trade in ounces easily
2. Business Banking
Premium Business Account:
Features:
- No fees related to maintenance with a minimum balance of AED 350,000
- Six currency denominations for accounts
- Free first chequebook and business debit card
- Client relationship management at branches
- Access to Business Banking Zones and fast-track tellers
- Free basic online banking with upgrade options
- Free SMS transaction alerts
- Dedicated Business Banking call center and phone banking
Gold Business Account:
Features:
- Easy account management and custom services
- No maintenance fees if you keep an AED 1,000,000 balance
- Six currency options
- Free debit card with higher withdrawal limits
- Free chequebook
- Free online banking and electronic statements
- Special support through the business banking call centre
- Better rates on remittances, transfers, and currency exchange
- Extra services like WPS payroll and business advice tools
Platinum Business Account:
Features:
- Keep a minimum balance of AED 3,000,000 to avoid fees
- Earn competitive interest rates
- Low rates on online remittances
- Access your account through multiple channels
- Special rates on transactions and digital services
- Dedicated relationship manager for personalised service
- Free chequebook and business debit card with high withdrawal limits
- Free online banking and electronic statements
- Cardless cash withdrawal to avoid teller queues
CBD Account Opening Requirements:
To open an account with the CBD, you’ll need the following documents:
For Personal Accounts:
- Valid passport with residence visa (for expats).
- Emirates ID.
- Proof of address (e.g., utility bill, tenancy contract).
- Salary certificate or proof of income.
- Completed account opening form (manual or digital)
For Business Accounts:
- Valid passport or National ID with UAE residence visa and Emirates ID
- Legal documents (Trade License, Memorandum of Association, Certificate of Commercial Registration, Free Zone of Incorporation, Partnership Agreement)
- Proof of address
- Bank reference letter and company profile
- Board resolution or power of attorney
- Details of the beneficial owner
CBD Account Opening Eligibility:
CBD has specific requirements for individuals who want to open a bank account:
- Nationality: Only UAE nationals and residents can apply.
- Age: Applicants must be between 18 to 21 years old, depending on the account type.
CBD Account Opening Minimum Salary:
Opening a CBD Digital Current Account does not require a salary or minimum salary, making it accessible to everyone regardless of income. For more details, visit the CBD website.
CBD Account Opening Online:
Here’s the answer to all your questions: “How to Open a CBD account in UAE?”
- Choose the Account Type: Visit the CBD website and select the account that fits your requirements.
- Gather Required Documents: Make sure you have all the necessary documents.
- Apply Via App or Visit a Branch: You can apply at a CBD branch or online through the CDB app by filling out the form and uploading your documents.
- Verification Process: CBD will review your application and may ask for more information.
- Account Activation: Once approved, you’ll receive your account details and can start using it immediately.
Final Takeaway:
So that was everything you needed to know about CBD account opening in UAE. Opening an account with the CBD is easy and offers many benefits. By following the steps in this guide, you can quickly open a CBD account and enjoy banking with one of the UAE’s top banks.
For more information and to start your account opening process, visit the CBD website.
Looking for more CBD banking benefits? Check out our guide on CBD Credit Cards to discover amazing offers and exclusive features!
Frequently Asked Questions (FAQs):
Q. How to Open an Account with CBD
Documents Needed:
- Emirates ID
- Valid residence visa
- Valid passport or National ID
- Completed account opening form (manual or digital)
For more information, visit the CBD website.
Q. What are the benefits of a CBD bank account?
The following are the top benefits:
- The first chequebook-free
- Free chip & PIN debit card
- SMS alerts and payment services
- Overdraft facility
- Over 500 discounts and offers in the CBD App
- Unlimited transactions in all major currencies
Q. How can I deposit money in my CBD account?
You can deposit money at CBD ATMs in two ways:
- With a Debit Card:
- Insert your debit card into the ATM.
- Select the deposit option from the menu.
- Follow the instructions to complete the transaction.
- Without a Card (Cardless Deposit):
- Use the Cardless Deposit option at the ATM.
- Follow the steps to deposit your cash.
If you are wondering how to generate a CBD debit card pin, check out this guide on how to do it yourself.
