What are the best places to open a bank account in the united arab emirates for students?
Hey Mohammad, the only bank I know of that does a student account is NBAD, its called the student current account, Check it out here: http://yallacompare.com/current-accounts/nbad-personal-student-current-account/
NBAD have some decent products. Beyond that, it appears bank in the UAE have failed to see the potential with acquiring younger customers. If they considered the lifetime value of an 18 year old I’m sure they would create more compelling products for students.
The biggest issue with offering students finance in the UAE lies with the credit scoring method currently used by the banks here. Currently they place far too much emphasis on current employer and that employer being listed. Hopefully the credit bureau will improve the credit assessment process enabling banks to create products for more and more consumers