GBP Bank A/cs
Mar 19th 2009, 3:19 am
#1
Its all good
Thread Starter
Joined: Oct 2004
Location: Dubai
Posts: 7,650
GBP Bank A/cs
I did a search and see that its possible to open a GBP bank a/c here in Dubai - not interested in an offshore a/c as its for my daughter and she doesn't have the minimum balance. Do these a/cs offer an ATM card or are they purely savings a/cs. Do all banks offer these a/cs? Any help would be great. Thanks
Mar 19th 2009, 4:00 am
#2
BE Forum Addict
Joined: Aug 2007
Posts: 3,287
Re: GBP Bank A/cs
I did a search and see that its possible to open a GBP bank a/c here in Dubai - not interested in an offshore a/c as its for my daughter and she doesn't have the minimum balance. Do these a/cs offer an ATM card or are they purely savings a/cs. Do all banks offer these a/cs? Any help would be great. Thanks
generally they are savings accounts for transfers only. If you try to put gbp into those accounts, some banks will accept it (grudgingly), some banks will demand that it is put into a dhs account first after being 'exchanged' before being transferred to the gbp account.
I haven't heard of foreign currency account here where you can get cards in that currency, don't think it's possible.
Lloyds and HSBC offer gbp accounts for sure
Mar 19th 2009, 4:12 am
#3
Its all good
Thread Starter
Joined: Oct 2004
Location: Dubai
Posts: 7,650
Re: GBP Bank A/cs
sure I'll be corrected..
generally they are savings accounts for transfers only. If you try to put gbp into those accounts, some banks will accept it (grudgingly), some banks will demand that it is put into a dhs account first after being 'exchanged' before being transferred to the gbp account.
I haven't heard of foreign currency account here where you can get cards in that currency, don't think it's possible.
Lloyds and HSBC offer gbp accounts for sure
generally they are savings accounts for transfers only. If you try to put gbp into those accounts, some banks will accept it (grudgingly), some banks will demand that it is put into a dhs account first after being 'exchanged' before being transferred to the gbp account.
I haven't heard of foreign currency account here where you can get cards in that currency, don't think it's possible.
Lloyds and HSBC offer gbp accounts for sure
Mar 19th 2009, 4:26 am
#4
BE Forum Addict
Joined: Aug 2007
Posts: 3,287
Re: GBP Bank A/cs
ok so any idea of what other options there are? Shes got about 5k in an offshore a/c but that is now costing GBP 20 per month as under 25k balance, and a small amount in a First Direct a/c but that is also attracting fees as no salary paid in!! Its a bloody nightmare what are you supposed to do with this money!!
Mar 19th 2009, 7:46 am
#5
Forum Regular
Joined: Jan 2009
Posts: 122
Re: GBP Bank A/cs
NBAD Ladies Account has no minimum balance. 
