UAE: Now, no need to submit documents to open a bank account

Dubai - Al Maryah Community Bank, the UAE’s first fully digital bank, has integrated its mobile app with the UAE Pass.

What if you don’t have to submit any documents to open a bank account? This digital revolution is now here in the UAE.

Al Maryah Community Bank, the UAE’s first fully digital bank, has integrated its mobile app with the UAE Pass, which allows residents to open savings and current accounts without having to provide any documentation.

Launched by the Telecommunications and Digital Government Regulatory Authority (TDRA), the UAE Pass app is the first national digital identity and signature app that enables users to identify themselves to government service providers in all emirates through a smartphone-based authentication. It also enables users to sign documents digitally with a high level of security.

The bank plans to introduce products and services like fixed deposits, fund transfers, cheque books, cash deposit services, ATM services, minor accounts, family accounts, business accounts, debit cards, credit cards, and digital debit cards as part of its implementation schedule.

By downloading the app and creating an account on UAE Pass, the user will have a single digital identity across both local and federal government entities, in addition to various other service providers.

On July 7, Al Maryah bank announced that it had received its final approval from the UAE Central Bank.