Citibank is a global bank offering various services in the UAE. Opening an account with Citibank allows you to access personalised banking, international services, and special privileges. Citibank provides three main types of accounts: Current Accounts, Savings Accounts, and Fixed Deposit Accounts. Whether you are a professional or a business owner, Citibank offers smart ways to save money and easily access your funds, effectively meeting your banking needs. This article here is to give you a detailed guide to the requirements, steps, and benefits of Citibank account opening in UAE, ensuring a seamless experience.
Types of Citibank Accounts in UAE
Citibank offers several types of accounts, each catering to different financial needs:
| Account Type | Description |
| Current Account | Ideal for daily transactions with easy access to funds. |
| Savings Account | Suitable for saving money while earning interest. |
| CitiBest Account | Combines features of current and savings accounts for comprehensive banking. |
1. Citibank Current Account:
Features:
- Personalised chequebook
- Unlimited checking facilities
- International debit card
- Free withdrawals up to AED 40,000 daily at Citibank ATMs globally
- Available in multiple currencies
- 24-hour Citiphone, online, and mobile banking
Eligibility Criteria:
- UAE resident
- Minimum age: 18 years
How To Open a Citibank Current Account in UAE?
To open a Citi Current Account, follow these steps:
- For Balances Below USD 200,000: Go to a Citi branch with the necessary documents. A Citi Representative will guide you in opening your account.
- For Balances Above USD 200,000: You might qualify for a Citigold or Citi Private Client account, which offers special wealth management services.
2. Citibank Savings Account:
Features:
- Interest is calculated on the lowest balance in your account each month and added to your account at the end of the month.
- 24/7 access via Citiphone, online, and mobile banking
- Available in multiple currencies
- Fund transfers between Citibank accounts globally
Eligibility Criteria:
- Minimum age: 18 years
How To Open a Citibank Savings Account in UAE?
- For Balances Below USD 200,000: Go to a Citi branch with the necessary documents. A Citi Representative will guide you in opening your account.
- For Balances Above USD 200,000: You might qualify for a Citigold or Citi Private Client account, which offers special wealth management services.
3. Citibank CitiBest Account:
Features:
- Interest rates:
- USD 0-9,999: 0.05%
- USD 10,000-999,999: 0.10%
- USD 1,000,000+: 0.15%
- Interest is calculated daily, credited monthly
Eligibility Criteria:
- Minimum age: 18 years
- UAE Nationals and Residents
How To Open a Citibank CitiBest Account in UAE?
- For Balances Below USD 200,000: Go to a Citi branch with the necessary documents. A Citi Representative will guide you in opening your account.
- For Balances Above USD 200,000: You might qualify for a Citigold or Citi Private Client account, which offers special wealth management services.
Citibank Accounts UAE Benefits and Features:
Here are the main features and benefits of a Citibank account in the UAE:
- Personalised Cheque Book: You get a chequebook with unlimited checking on the Citi Current Account.
- Debit Card: A globally accepted debit card for worldwide transactions.
- Withdrawals: There is no fee for withdrawals up to AED 10,000 through Citibank ATMs worldwide. Fees apply for non-Citibank ATM withdrawals.
- Multiple Currencies: Available in various major currencies.
- Interest Calculation: Interest on savings is calculated monthly based on the minimum balance and credited monthly.
- 24/7 Banking Service: Mobile access, online, and Citiphone banking round the clock.
Citibank Account Opening UAE Requirements:
To open a Citibank account in the UAE, you need:
- Original Emirates ID
- Passport copy
- Valid UAE visa copy (if Emirates ID lacks sponsor details)
For UAE/GCC nationals without a UAE visa, you also need:
- Recent utility bill (last three months)
- Current tenancy contract or Ejari copy
- Title deed
- Recent bank statement (last 3 months)
- Valid UAE driving license
- Online labour card copy
- Valid free zone employment card
Proof of Address:
Provide one of these:
- Recent utility bill (last 3 months)
- Current tenancy contract or Ejari copy
- Title deed
- Recent bank statement or insurance policy (last 3 months)
Source of Funds/Wealth:
You might also need:
- Salary certificate and labour contract
- Recent bank statements (last 3/6 months)
- Trade licence and memorandum of association or share certificate
Citibank Account Opening UAE Minimum Balance:
For withdrawals from non-Citi ATMs, there’s a charge of AED 2 per transaction, both within and outside the UAE. You must have a minimum average monthly balance of AED 3,000 for Citibank accounts.
Citibank Account Opening UAE Charges:
Here are the fees and charges for Citibank accounts:
| Minimum Monthly Average Balance | Monthly Fee |
| AED 3,000 or more | Free |
| Less than AED 3,000 | AED 25 (No fee for Citigold (CG) and Citigold Private Client (CPC) accounts. |
Citibank UAE Online Account Opening:
Unfortunately, you cannot open a Citibank account online in the UAE:
1. Gather Required Documents
- Collect all necessary documents, including ID and proof of address.
2. Visit a Citibank Branch
- Use the branch locator to find and visit the nearest Citibank branch with your documents.
3. Submit Your Application
- Complete the application form and submit it with your documents. Make sure all information is accurate.
4. Verification Process
- Citibank will verify your documents. They may ask for more information to meet regional regulations.
5. Account Activation
- Once approved, you’ll get a confirmation SMS, welcome letter, and debit card. Activate the debit card.
6. Register for Online Banking
- After getting your debit card, sign up for Citibank Online to manage your account and access global services.
Final Takeaway:
So that was all about Citibank account opening in UAE. Opening a Citibank account in the UAE is easy and gives you access to many banking services and benefits. Follow the steps in this guide and have the required documents ready for a smooth experience with Citibank.
Bonus Info: Citibank offers the best credit cards in the UAE. You should definitely check it out. Click on the link to learn more about these cards now.
Frequently Asked Questions (FAQs):
Q. Can I open a Citibank account in Dubai?
Eligibility Criteria to Open Citibank Account in UAE:
- You must be at least 18 years old.
- You must be a UAE national or resident.
- You need to maintain a minimum balance of USD 200,000 (or equivalent in other currencies) in deposits, investments, or cash.
Q. Can I open a Citibank account online in UAE?
Currently, you need to visit a Citibank branch to open an account. However, some account types may have online options.
