Bahrain Cash Withdrawel
Oct 7th 2013, 3:06 pm
#1
Just Joined
Thread Starter
Joined: Jun 2013
Posts: 12
Bahrain Cash Withdrawel
Can you please assist in correcting my understanding of this residency process in Bahrain...
Next month I'll arrive in Bahrain with my family and stay in serviced apartments for a month until our house furnishing shipment arrives from UK - approx 5/6 weeks.
In this time we will source an unfurnished rental property, when I receive the lease agreement I can than proceed to get my Smartcard/CPR.
I can then open a bank account in Bahrain and receive Payment from my employers (locally based in Dubai).
So it turns out I'll have to explore the possibility of arriving in Bahrain from UK with Bahrain Dinars to pay for 3 months advance rent payment.
If so, any recommendations on where I should withdraw BD's in UK and receive the best rates?
Haven't done this cash carry thing for a while
Next month I'll arrive in Bahrain with my family and stay in serviced apartments for a month until our house furnishing shipment arrives from UK - approx 5/6 weeks.
In this time we will source an unfurnished rental property, when I receive the lease agreement I can than proceed to get my Smartcard/CPR.
I can then open a bank account in Bahrain and receive Payment from my employers (locally based in Dubai).
So it turns out I'll have to explore the possibility of arriving in Bahrain from UK with Bahrain Dinars to pay for 3 months advance rent payment.
If so, any recommendations on where I should withdraw BD's in UK and receive the best rates?
Haven't done this cash carry thing for a while
Oct 7th 2013, 6:46 pm
#2
BE Forum Addict
Joined: Jan 2008
Location: Riyadh.
Posts: 1,899
Re: Bahrain Cash Withdrawel
Don't know the best place in the UK - but you can use the ATM's here ( in any Gulf country) to withdraw BD's from your UK Bank Account. You will of course pay a fee each time, so that will mount up.
You could of course just transfer all your UK cash into my Saudi account and I'll drive over to Bahrain with it....
You could of course just transfer all your UK cash into my Saudi account and I'll drive over to Bahrain with it....
Oct 8th 2013, 5:36 am
#3
Forum Regular
Joined: Jan 2013
Location: Saudi by Day / Bahrain by Night
Posts: 94
Re: Bahrain Cash Withdrawel
Can you please assist in correcting my understanding of this residency process in Bahrain...
Next month I'll arrive in Bahrain with my family and stay in serviced apartments for a month until our house furnishing shipment arrives from UK - approx 5/6 weeks.
In this time we will source an unfurnished rental property, when I receive the lease agreement I can than proceed to get my Smartcard/CPR.
I can then open a bank account in Bahrain and receive Payment from my employers (locally based in Dubai).
So it turns out I'll have to explore the possibility of arriving in Bahrain from UK with Bahrain Dinars to pay for 3 months advance rent payment.
If so, any recommendations on where I should withdraw BD's in UK and receive the best rates?
Haven't done this cash carry thing for a while
Next month I'll arrive in Bahrain with my family and stay in serviced apartments for a month until our house furnishing shipment arrives from UK - approx 5/6 weeks.
In this time we will source an unfurnished rental property, when I receive the lease agreement I can than proceed to get my Smartcard/CPR.
I can then open a bank account in Bahrain and receive Payment from my employers (locally based in Dubai).
So it turns out I'll have to explore the possibility of arriving in Bahrain from UK with Bahrain Dinars to pay for 3 months advance rent payment.
If so, any recommendations on where I should withdraw BD's in UK and receive the best rates?
Haven't done this cash carry thing for a while
Oct 8th 2013, 2:22 pm
#4
Shark Fisherman
Joined: Feb 2012
Location: Doha
Posts: 4,568
Re: Bahrain Cash Withdrawel
I can then open a bank account in Bahrain and receive Payment from my employers (locally based in Dubai).
So it turns out I'll have to explore the possibility of arriving in Bahrain from UK with Bahrain Dinars to pay for 3 months advance rent payment.
If so, any recommendations on where I should withdraw BD's in UK and receive the best rates?
Haven't done this cash carry thing for a while
Nov 27th 2013, 4:49 am
#5
Forum Regular
Joined: May 2010
Location: Oz, but miss the sand!
Posts: 129
Re: Bahrain Cash Withdrawel
We had to pay 3 months in advance but one month is considered the bond so we are two months in advance. We did this because my husband's company is paying us the rent as an allowance and we then pay to the landlord.
This is the method they're using because he is employed by Saudi business. However, the company reimbursed us except for the bond (my husband's choice) in order that we receive the bond upon our departure.
This is the method they're using because he is employed by Saudi business. However, the company reimbursed us except for the bond (my husband's choice) in order that we receive the bond upon our departure.
