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IMPORTANT Changes in Dubai Banking
From November 19th UAE banks will adopt the international account numbering system, as the UAE does not currently use it this will entail issuing all existing customers in the UAE with new account numbers for all domestic and international transactions and remittances. After November 19th the Central Bank will reject transactions not bearing the new international code after a grace period of 3 months in which extra charges and delays will effect transactions without the new code.
I am seriously wondering how all the banks will manage to provide all customers with new account numbers in time for this deadline and for customers to have theri employers adjust salery payrolls in time too.
My bank has not even advised of this new proceedure yet let alone provided any information on my new account number. This seems to be way too short of a deadline to avoid chaos and disruption.
http://gulfnews.com/business/banking/uae-banks-to-adopt-international-nu...
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