julieaddison

Can you pay in english cash/transfer english into your Dubai account?
Thanks in advance Julie

Blue Cat

yes you can pay a stirling cheque into a dubai account, it takes a while to clear and you get it at the current exchange rate.
Blue

julieaddison

What about cash? Do I have to convert it all to Dirhams here then pay into bank over there?
Julie

Blue Cat

leave it at home in bank. get account here and then think about transferring it. don't fly with cash!!
blue

julieaddison

Is transferring easy to do? Also no cash travelling, why danger of being robbed?
Julie

MJC

Look Julie, I'll let you into a little secret (if you're looking at laundering money pm me, this is not the place to discuss such high value transactions ). Anyway,

• firstly, yep there are atms here, you can withdraw from your uk account.
• secondly, open a Lloyds account in the UK, transfer all the cash to your lloyds UAE (or offshore) bank here.
• thirdly, it's highly unlikely you'll get robbed/mugged but if you're travelling with loads of cash, just send me a photo and details of the flight you're on and I'll make sure no one else knows...

M

julieaddison

Wish I had the sort of cash to make it worth while me laundering anything, my idea of laundering cash is washing a fiver in back pocket of my jeans. We have about 20k savings set aside for Dubai(after car sales) which wil use to buy a lap top, join gyms get mobile by a car and motor bike for him. Just wondered how easy it would be to buy these items with our UK money.

Flight is via private jet so dont know flight plan yet!
Thanks Julie

Miss Eck

Agree with MJC re setting up an a/c with Lloyds. You should set up a local a/c with Lloyds over there. Then you can either set up the offshore a/c whilst in the UK or over here (easier over here, they do all the paperwork for you). Then you get online banking and when you log in you can also see your UK a/c as well and can easily transfer the money between the two accounts.

If you want to earn interest on some of your money here, Lloyds have a high interest deposit a/c and you can have the money roll over either weekly, monthly or annually. If weekly you can give just a couple of days notice to get your hands on your money without penalty. You need to have a minimum of 20,000dhs in the a/c.

MJC

What? Your Husband is going to buy a bike? I hope you up hislife insurance. (and that's not a joke...)

Miss Eck

DH is a lover of bikes and needless to say I was strongly against him getting one here. I gave him a figure I wanted him to have as life insurance and needless to say he soon went off the idea

If your hubby wants a bike, how about Moto X? DH has just recently taken this up and is happy with it. Riding a bike here does not give the same pleasure as in the UK; no windy roads etc and in the summer it is just too hot.

julieaddison

He is a good rider (bit crazy) I think he will join a bike group (Dubai petrolheads or something) Dont think I will dissuade him no matter how mad driving is, we did encounter driving whilst we were out there didnt put him off. Hubby has oil in veins loves autos more than people etc . Yes he does have life insurance.
Thanks Julie.

Miss Eck

My DH is the same. Had a beautiful Ducati in the UK which he had to sell .. and he almost cried!!

Norm_uk

You can set up a Lloyds offshore account - makes that sort of thing easier.

I help set them up for my clients all the time...if you need any pointers feel free to PM me.

hd_geezer

Is it possible to open a bank account in Dubai, with a UAE bank, whilst residing in the UK?

Just makes things easier to have a bank account in Dubai before I move there.

Blue Cat

no, you need a dubai residency visa to open a bank account here.