Which banks accept Americans in United Arab Emirates?

How banks, brokers and fintechs in United Arab Emirates treat US citizens and green-card holders ("US persons" under FATCA): who opens accounts, who only keeps existing ones, who restricts products, and who refuses.

At a glance

3 entries specific to United Arab Emirates · 9 that apply anywhere
0open new accounts
0restricted
3refuse
3 refuses

We have 3 country-specific entries for United Arab Emirates, plus 9 policies that apply wherever you live. None of our country-specific sources confirm an institution that opens new accounts for US persons yet; see the policies below that apply anywhere. Sourced as refusing US persons: Sarwa, Saxo, Trading 212.

Institutions in United Arab Emirates

Banks, brokers and fintechs with a sourced policy for people living in United Arab Emirates.

Institution / productStatusNote & sourceLast confirmed
SarwaInvest / Trade / SaveRefuses

One of Sarwa's eligibility requirements is that you are not a US citizen, US resident or US tax resident.

2026-10-19
SaxoTrading & investment accountsRefuses

Saxo says it can't serve US persons, including US citizens and dual citizens who don't live in the US. The page names one exception: you can show you're no longer a US person (for example with a Certificate of Loss of Nationality and a W-8). Countries listed are Saxo locales on its help centre. The policy appears group-wide.

2026-10-19
Trading 212Invest / CFD / ISA / SIPPRefuses

Trading 212 doesn't offer accounts to US persons: US citizens, people born in the US, green-card holders and others with US tax obligations. It asks US-born people with a Certificate of Loss of Nationality to contact support. Countries listed come from Trading 212's supported-countries page.

2026-10-19

Policies that apply wherever you live

US brokers and global fintechs whose rules for US persons abroad don't depend on your country.

Institution / productStatusNote & sourceLast confirmed
Charles Schwab / Schwab InternationalSchwab International brokerage for US expatsOpens new accounts

Schwab markets brokerage accounts specifically to 'U.S. citizens living abroad', with US-dollar accounts, a Schwab Visa debit card with ATM fee refunds, and 1099 tax reporting. Which products you can get depends on your country of residence.

2026-10-19
Interactive Brokers (IBKR)Brokerage account & IRAsOpens new accounts

IBKR treats US citizens as US tax residents wherever they live. Its staff, replying on IBKR's own Campus site, say it offers IRAs to US citizens living anywhere in the world, and that you keep your account when you relocate unless the new country is sanctioned. IBKR may still ask for a new application and asset transfer to its local entity. Your entity follows your country of legal residence.

2026-10-19
Fidelity Investments (US)Brokerage & mutual fundsKeeps existing only

Fidelity's FAQ for investors outside the US says it doesn't open new accounts for people residing outside the US. Existing customers who move abroad may keep accounts, but they can't buy mutual fund shares (including adding to funds they already hold), and further limits vary by country. Fidelity's site blocks automated fetches, so this was checked against the search-index copy of the official page. Re-check it manually.

official Source: Fidelity: Investors who reside outside the United States (FAQ) · checked via search index (site blocks automated fetch)
2026-10-19
Charles Schwab / Schwab InternationalUS-registered ETFsRestricted

Schwab says International clients 'in certain jurisdictions' may no longer be able to buy US-registered ETFs. It offers EU-authorised UCITS ETFs to EEA residents instead, traded through a specialist with foreign transaction fees.

2026-10-19
Vanguard (US)US brokerage / mutual fund accountsRestricted

COMMUNITY DATAPOINT, NOT OFFICIAL POLICY. Bogleheads forum members report that after they gave Vanguard a foreign residential address, they could no longer buy or exchange, but could still sell, reinvest dividends and transfer out. Some reported taxable accounts being closed. Experiences vary by country. Vanguard's own legal notice only says its US products are intended for US residents.

community Source: Bogleheads forum: Vanguard accounts with foreign address (+ Vanguard 'Special notice to non-U.S. investors') · checked via search index (forum blocks automated fetch)
2026-10-19
BettermentRobo-advisor & cash accountsRefuses

Betterment says it only operates in the US and can't accept customers residing outside the US, including US citizens living or working abroad. You need a permanent US address plus an SSN or ITIN. Login may be blocked from some countries.

2026-10-19
FirstradeBrokerage account (new applications)Refuses

Firstrade accepts international clients, but only non-US persons. Its help centre says it doesn't accept new applications from US citizens or permanent residents living abroad.

2026-10-19
RevolutStock trading (Revolut's non-US entities)Refuses

Revolut's trading entities outside the US can't serve US persons (citizens or residents) living outside the US. Only Revolut's US entity serves US persons, and only those residing in the US. The page says nothing about Revolut's everyday account.

2026-10-19
WealthfrontRobo-advisor & cash accountsRefuses

Wealthfront requires an SSN, a permanent US residential address and current US residence. It says it can't support clients living outside the US, including US citizens abroad. The page mentions a possible exception for active-duty military and US government employees.

2026-10-19

What the statuses mean

Opens new accountsAccepts new US-person customers (sometimes with paperwork such as a W-9/SSN).
Keeps existing onlyNo new US-person accounts; existing customers may stay (often with limits).
RestrictedAccepts or keeps US persons but blocks some products, e.g. US ETFs or foreign stocks.
RefusesDoes not open, and may close, accounts for US persons.
Unclear / conflictingThe institution's own sources conflict or don't say clearly. Confirm with the institution before applying.
Source confidence:official Official sourcereported Reputable reportingcommunity Community datapoint