In the United Arab Emirates (UAE), closing a bank account is a straightforward process, given that customers have cleared all their dues with the bank.
There are specific processes as default, regardless of the bank customers are dealing with. If you are moving back to India from the UAE, you could follow the below steps to close your bank account (s). Before you go ahead with the procedure, call up your bank’s customer service number to find out whether they have any specific requirements that you must be aware of to complete the account closing process seamlessly.
Processes of Closing a Bank Account in the UAE
As almost every bank requires the customer to visit the branch to initiate the account closure request, you cannot do it online.
When you visit a branch, you must carry the below documents along with you:
- A photo ID
- Debit and credit cards linked to your account
- Unused cheques and chequebooks
At the branch, you can either withdraw the money in cash from the teller or request for a bank transfer to another bank account you might have. Once the balance is withdrawn or transferred, request an account closure form.
You then need to fill out the form with your basic information, such as the type of bank account and the reason for the closure. Some banks even offer customers to request the transfer of funds in the account while filling in the form. Once done filling out the form, submit the form along with your ID at the customer relationship counter.
You have to return your unused cheques and debit cards to the bank. If you cannot do so, the remaining cheques and the debit card will be deactivated as part of the account closure process.
You will then receive a confirmation from the bank on your registered email address or mobile number that your bank account closure request has been successful.
In case you need a clearance or no liabilities letter, you can request one at this stage. You may do this as you are moving out of the UAE. To get it, you will need to submit a signed request form, maintaining a minimum amount in the account.