Dubai Priority Banking: My Experience with Emirates NBD, the Best Bank in Dubai and the UAE | Summary and Q&A

TL;DR

This video discusses the author's experience with Dubai Priority Banking and whether it is recommended for individuals looking to lower their taxes and improve financial freedom.

Key Insights

• 👻 Dubai Priority Banking allows individuals to lower their taxes and improve their financial freedom.
• 🇦🇪 The author's experience with Emirates MBD as a Priority Banking client has been positive.
• 👨‍💼 Personal banking offers smoother online banking and better support compared to business banking.
• 🌥️ Sending large transactions from and to other countries with Emirates MBD is a smooth process.
• 🔒 Emirates MBD's security measures ensure that the customer's accounts are well protected.
• 🏙️ The accessibility of Dubai via various airlines is a major advantage of banking in the city.
• 🍧 Visiting the same branch for support can be inconvenient, although the author appreciates having a dedicated representative.

Transcript

hey it's rafael sinchon here the wealthy expat helping you lower your taxes to as close to zero as possible move abroad get a second citizenship improve the freedom in your life in this video i'm gonna talk about dubai priority banking i've been a dubai priority banking client for over a year now so you can see this card says priority banking there... Read More

Questions & Answers

Q: How did the author become a Dubai Priority Banking client?

The author unintentionally became a Priority Banking client when starting a company in Dubai to lower taxes.

Q: Why did many banks in Dubai reject the author's application?

Most banks required a history of banking in Dubai, which the author did not have. However, Emirates MBD accepted the author's US bank statements.

Q: What are the benefits of Priority Banking?

Priority Banking offers personalized support, easy online banking experience, and secure transactions.

Q: Is the business banking option as smooth as the personal banking option?

The business banking option is a bit clumsy compared to the personal banking option, with no app and less user-friendly features.

Summary & Key Takeaways

• The author unintentionally became a Dubai Priority Banking client when starting a company in Dubai to lower taxes.

• Many banks in Dubai required a history of banking in the country, but Emirates MBD accepted the author's US bank statements.

• Priority Banking offers personalized support, smooth online banking experience, and secure transactions, although the business banking option is a bit clumsy.