UAE grands MTS Bank the license

MTS Bank Abu Dhabi is now licensed by the Central Bank of the UAE.

Account opening fee for individuals is 5000 AED. Emirates ID is not mandatory.

For opening an account a customer should provide contact details (mobile phone, e-mail address), account statement for the past 3 months, passport, registered address and actual residential address.

Also, the bank requires a brief CV for the past 5 years with a description of places of work, residence and visited countries. In addition, a proof of employment or a copy of the employment contract in the UAE.

MTS Bank Abu Dhabi also provides an option to open a deposit of 25,000 to 50,000,000 AED.

Corporate clients can open an account at MTS Bank branch in the UAE within two weeks. The advantage of such an account is the access to prompt payments within the UAE, as well as between Russia and the UAE.

Settlement with counterparties are available in RUB, AED and CNY. Available types of settlement will be extended.

The Financial Times was the first to pay attention to the obtained license. The newspaper's sources are confident that opening a branch of MTS Bank in the UAE can meet the growing demand for financial services from Russians living in the UAE.

MTS Bank PJSC - Abu Dhabi is the UAE branch of MTS Bank PJSC licensed by Central Bank of the United Arab Emirates in 2022. MTS Bank is a dynamic, digital-first bank backed by MTS, one of the largest mobile network operators in Eastern Europe.