Question: Can my husband keep using his bank account after losing his job and visa cancellation?
Answer:
If your husband's work visa is cancelled, he can still continue using his bank account in the UAE, as the cancellation of a residency visa does not automatically freeze or close the account. According to UAE regulations, an account is not considered dormant as long as the customer's address is known or if they are actively using the account.
Dormancy is regulated by the UAE Central Bank and accounts are only classified as dormant if there has been no financial or non-financial activity for three years, and the bank has had no communication with the account holder. The bank will not classify the account as dormant simply because of a visa cancellation, as long as the account remains active or if your husband communicates with the bank.
However, following a change in residency status, the account may be reclassified as a non-resident account, subject to different terms or conditions. This reclassification doesn’t necessarily result in account closure, but it’s important to notify the bank about the employment change and your husband’s plans to return on a new visa.
In summary, your husband can keep his bank account active as long as he maintains communication with the bank and ensures continued activity.
News Source: Khaleej Times
