My housemaid wants to open a bank account here in Dubai but is finding it hard to find a bank that does not require a minimum balance or have hefty charges – any ideas?

Emirates NBD does have an account that has no minimum balance but she must have regular salary deposits going into the account directly each month.  Regular cash deposits do not qualify.  Otherwise she would need a Dhs 3000 minimum balance and if it falls below that there will be a Dhs 25 monthly charge.  RAK Bank has a Fast Saver Account which has no minimum balance or unforeseen charges but is limited to one withdrawal per month (however, you can do online banking and up to 5 payment transfers per month).  Just a lower interest rate is calculated if more than one withdrawal is made.

If any of our readers know of any more banks in town that offers no minimum balance or hidden charges we would love to hear from you.