UAE banks are closing accounts? Share real cases & learn how to protect yourself. · NOVA

UAE banks are closing accounts? Share real cases & learn how to protect yourself.

Guys, a worrying trend is picking up: several founders in our circle recently received sudden account-closure or freeze notices from UAE banks.

Reasons in the emails were vague — “KYC update,” “activity mismatch,” sometimes no explanation at all.

👉 What we’re seeing on the ground:

Stricter KYC – banks now ask for contracts, invoices, and transaction proofs even for small businesses.
Higher scrutiny of offshore links and crypto – accounts can be closed without long discussions.
Cases of both corporate and personal accounts frozen together are no longer rare.

💡 Expert insight

This isn’t just random. The UAE Central Bank has tightened AML/KYC requirements.Key red flags: your trade-license activity doesn’t match actual cash flow, unusual counterparties, or sudden spikes in turnover.

What you should do right now

1️⃣ Check that your license activity accurately reflects the money flowing through your account.

2️⃣ Keep updated contracts, invoices, and proof of incoming payments ready.

3️⃣ Consider a backup account (another bank or a reliable neobank) as insurance.

We’ve built a step-by-step UAE banking course

🎯 Save yourself the headache: go through the course — or at least book a free strategy call and we’ll walk you through how to prepare and lower the risk, because banking is the hardest part of the company registration.

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