Hello,
i am an ex-expat who used to live in and work in Dubai. I now live back home in Australia and need to access my funds in the UAE from my dormant bank was closed several years ago. These funds were returned to the UAE Central Bank by the bank that I used to bank with. After visiting a bank branch in Abu Dhabi in person several weeks ago to claim my funds, after my identity was validated, I have been informed that a manager’s cheque is now waiting for me to collect however I no longer have a UAE bank to deposit the cheque into (and I am now back in Australia).
When I enquired with the bank about opening a non-resident to allow the funds to be deposited into it which would then allow me to electronically transfer my funds to an in Australia with relative ease, I was told that this would be too complex and time consuming to set up. So now I am faced with the need to travel back to Abu Dhabi from Australia to physically colllect my manager’s cheque in person, bring the cheque with me to Australia, then deposited it into an Australian bank acing and wait an extended period of time (weeks/months) for the cheque to be physically presented and cleared across international borders, subject to fees and currency fluctuations during this period. I have been told that the reason for the need for me to physically collect the cheque is due to anti money laundering laws and policies.
What I want to know from the UAE expat community here in this forum is whether 1. I can set up a new non-resident bank in my name in the UAE for the purpose of depositing this manager’s cheque and/or 2. Whether I can easily appoint a trusted person in Dubai or Abu Dhabi to be a Power of Attorney to collect the cheque on my behalf and either deposit it into a newly created back that I arrange to be set up (remotely) or securely courier the cheque to me in Australia.
Any practical advice will be much appreciated! Thanks!
JamesQ
i am an ex-expat who used to live in and work in Dubai. I now live back home in Australia and need to access my funds in the UAE from my dormant bank was closed several years ago. These funds were returned to the UAE Central Bank by the bank that I used to bank with. After visiting a bank branch in Abu Dhabi in person several weeks ago to claim my funds, after my identity was validated, I have been informed that a manager’s cheque is now waiting for me to collect however I no longer have a UAE bank to deposit the cheque into (and I am now back in Australia).
When I enquired with the bank about opening a non-resident to allow the funds to be deposited into it which would then allow me to electronically transfer my funds to an in Australia with relative ease, I was told that this would be too complex and time consuming to set up. So now I am faced with the need to travel back to Abu Dhabi from Australia to physically colllect my manager’s cheque in person, bring the cheque with me to Australia, then deposited it into an Australian bank acing and wait an extended period of time (weeks/months) for the cheque to be physically presented and cleared across international borders, subject to fees and currency fluctuations during this period. I have been told that the reason for the need for me to physically collect the cheque is due to anti money laundering laws and policies.
What I want to know from the UAE expat community here in this forum is whether 1. I can set up a new non-resident bank in my name in the UAE for the purpose of depositing this manager’s cheque and/or 2. Whether I can easily appoint a trusted person in Dubai or Abu Dhabi to be a Power of Attorney to collect the cheque on my behalf and either deposit it into a newly created back that I arrange to be set up (remotely) or securely courier the cheque to me in Australia.
Any practical advice will be much appreciated! Thanks!
JamesQ
