Business Account

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23Nov, 23

Can I Open Business Account without any existing account in UAE ?

Yes, the business account can be opened without any existing account or bank statement of UAE. Some banks don't require staement to open account. Howe...

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23Nov, 23

What do you mean by True Copy of any Document?

To ensure that copies submitted are accurate, exact, complete, and unaltered, true copies (or certified copies) of original documents are frequently r...

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23Nov, 23

What does a relationship manager in banking do?

A client-facing specialist, a relationship manager advises bank customers on their finances and the financial resources available to them. They typica...

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23Nov, 23

What is Board of Resolution Banking?

When a firm wishes to open a business bank account, it must first pass a board resolution, which is known as a board resolution for bank account openi...

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23Nov, 23

Why account application signing should be in front of bank officer is required but not online?

There are a number of reasons why a bank will call you or demand your physical appearance in their branches to fulfill some of the formalities. And in...

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23Nov, 23

Why banks ask for bank statement for processing of loan?

When you go to a bank to apply for a loan, one of the necessary documents to send with the bank for loan processing is a bank statement from the previ...