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The Banking Sector in the UAE

The global economic crisis in 2008 had a great impact on the U.A.E. Several banks reported that there were high non-performing loans from 2009 to 2011. Thankfully, the economy recovered well and quickly after the financial meltdown. The reason that the U.A.E. could recover so quickly, was because they immediately set up an additional liquidity facility of around 14 billion dollars, which was available to the banks should they need it, but was luckily not really used. This crucial move stabilized the banks, and prevented further repercussions from the financial crisis. With the proactive steps taken by the government, as well as the blessing of natural crude oil, the economy of the U.A.E was able to bounce back quite effortlessly from what seemed like complete bankruptcy to most people.

There are around 23 local banks in the U.A.E., as well as 28 foreign banks operating there. These banks also have special Islamic banking, which has become increasingly famous in recent years. There are different kinds of accounts available, and foreigners have the option of opening their bank accounts either in the local currency, or in a foreign currency. Almost all the banks in the U.A.E. allow their customers to avail of . The country in general is technologically savvy, and almost everything can be done over the web. Apart form this, all banks have ATM facilities, and customers of one bank can use the ATM of another bank. There is also a number of business banking facilities available to the large number of businessmen in the country. Current account holders can make cheque payments for all of their day-to-day expenses. Based on the credit of the account holder, overdraft facilities are also available to current account holders.

Whether you having personal or corporate banking needs, the banks in the U.A.E. are more than capable of helping you reach your goals. Even though they did meet with a slight set back due to the financial crisis, they have showed great power in being able to recover so fast, when most of the world is still reeling from the aftermath of the economic meltdown. The Central Bank of the U.A.E. has laid down several guidelines in 2011 to regulate loans and other banking services offered to individuals in an attempt to control all the banking to ensure stability. The export of oil from the entire gulf region has doubled since the year 2009. They exports have now reached 1 trillion Dollars. It is expected that by 2020, the figure will reach 2 trillion Dollars. With such promising figures, it is evident that the banking sector in the U.A.E. is really very strong.

Breeze Banking Is Better Banking

Saying yes to Breeze is to invite into your life a rich and modern way to perform your banking. Whether you want to pay your credit card bill, transfer money from one account to another, write a cheque or send money to your daughter for her birthday you can do all of this in a jiffy thanks to the creation of the Standard Chartered Bank’s Breeze.

If you want to start a wish list, keep track of your spending, save for a rainy day or find out where the closest ATM is to wherever you are at the present time then this can all be done through Breeze, the chic and up-to-date online banking platform from the Standard Chartered Bank in Singapore.

Whether you choose to deal with a traditional brick-and-mortar bank but do some of your banking online or whether you choose a web-only bank that has no branches in the real world online banking allows you to connect to your financial institution by way of the Internet. Once you have signed into your account you can perform any number of functions.

You can view the transaction record of any of your accounts (whether you have one account or five), your can transfer money from one account to another and you can pay your bills online. You can also view images of checks that have been put through as well as print copies of the checks for your records.

Online banking is the wave of the future. It is less time consuming for the customer and takes the paper element of traditional banking out of the equation. If you are a Standard Chartered Bank customer then you are in for a treat in this regard! Stan Chart has developed Breeze which is a modern new generation online banking platform that is set to revolutionize the way mobile banking is done!

What is the Breeze by Standard Chartered exactly? It is, as previously mentioned, a whole new way to do internet banking that is designed to make banking as simple and as elementary as it could possibly be. If you have ever thought that it would be so great if banking was a breeze then you got your wish. With the new Breeze from the Standard Chartered Bank it really can be a total breeze!

There is no denying that Breeze is a different type of mobile banking application than what other banks have introduced to the public. For one thing, it has embodied what consumers actually want from a system such as this. To date, Breeze has been well received and according to some of the top researchers in the world, it is expected that more than 150 million people will be using mobile banking by the end of 2011. With the design of Breeze, it is also anticipated that a large number of people will choose this application over others.

Tips To Personal Banking

With the advent of personal banking services, things have become a lot more convenient for people. However, you need to be little cautious in order to safeguard your personal information from any third party.

You can find several banks providing personal banking services. However, it is advisable to follow certain tips while using personal banking that will be helpful to you.

Primarily, it is imperative to begin by ensuring that the right security software is installed on your computer and ensure it is fully updated so that you could get the best personal banking services. This is essential as it will help you to keep viruses away from getting on to your computer. Likewise, it is advisable to keep changing your password at frequent intervals so that nobody else could access to your personal banking account. This would help you as no one else will be able to use your account.

Another point to keep in mind is regularly tracking and checking your transaction records to prevent any unusual activities hampering your peace of mind. Additionally, in case there are certain transactions that you dont remember, you should take immediate action to make sure that that anyone has not committed any kind of identity theft over you.

Furthermore, it is advisable never to access net banking through links in emails. It is also recommended not to enter any confidential information on suspicious websites. You should delete spam emails right away.

Personal banking is reliable, safe and successful if you make sure to remember these tips and safeguard yourself while doing your banking online. There are various types of dangers on the Internet especially when you are dealing with such confidential valuable information. With the help of personal banking services, you do not need to visit your bank each time you need to complete a transaction. The greatest advantage of personal banking is that you can get instant cash from your ATM and you will always have an evidence of all the transactions that you will make.

So dont wait anymore. Get your personal banking account today.