'How can I reclaim my utility deposit after leaving the UAE and closing my local bank account?'
Question: I am leaving the country and have closed my bank account. My landlord has agreed to transfer my security deposit to my account in my home country. However, the utility company, Taqa , has given me two options: they require either a power of attorney to send the deposit to my friend who is a UAE resident, or I can leave it in my account so I can access it if I return to the UAE as a…
The utility company Taqa offers two options for reclaiming a deposit left in their account after leaving the UAE: either a power of attorney to send the deposit to a UAE resident friend or leaving it in the account for future use if returning as a resident. However, the cost of setting up a power of attorney can be nearly as much as the deposit itself, which may not be an ideal solution for some.
Taqa does not offer transfers to international accounts, and setting up a legal power of attorney is a standard practice to avoid scams. As such, the only other option would be to forfeit the deposit if no other arrangements can be made.
Brief written by urgent.news from The National UAE's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
