ADCB Bank Accounts
ADCB bank is a commercial bank. It offers a wide range of options in terms of savings and business accounts. The ADCB bank offers competitive profit rates on savings accounts in the UAE. Although the ADCB savings account interest rates differ for USD and AED accounts.
ADCB Current and Savings Accounts Features & Benefits
- Easy Access
- E-statements are free
- Non-UAE residents can also open a savings account with ADCB bank
- Debit cards are available only for AED savings accounts
- Easy access
- The requirement for minimum balance is low
- Business choice debit card is globally accepted (In case of business account)
- Cheque book is free
ADCB Bank Accounts
ADCB Savings Account
|CATEGORIES||REWARDS||MINIMUM BALANCE REQUIRED|
|Millionaire Destiny Saving Account||Monthly prize draw
|Emirati Millionaire Savings||Prize draw of-
|Active Saver Accounts||
|CATEGORIES||FEES (Non-maintainance of Account balance)||MINIMUM BALANCE REQUIRED|
|Business Choice Current Account- Silver||
|Business Choice Current Account- Gold||
|Business Choice Current Account- Platinum||
|Business Choice Special Savings Account||
Eligibility Criteria to Open an ADCB Bank Account:
|ADCB Active Saver Account||
Documents Required for Opening ADCB Bank Accounts:
- Original Passport
- UAE residence visa
- Emirates ID
- Salary certificate
- A picture of the applicant’s signature
- Entry stamp paper or a copy of visit visa of non-residents
- The applicant’s existing account with stamped statements of the previous 3 months (non-residents)
- Letter of recommendation from existing ADCB customers (non-residents)
How to Open ADCB Bank Account in the UAE:
One can open an ADCB bank account via any of the three ways-
- Visiting the nearest branch of the ADCB bank
- Through the website
- Through phone banking
Frequently Asked Questions:
Q.1 What are the types of ADCB Islamic savings account?
Ans- The different types of ADCB savings accounts are Millionaire Destiny Saving, Emirati Millionaire Savings, Active Saver Accounts and Hayyak Accounts
Q.2 How many Active Saver bank can I open?
Ans- You can open up to 5 Active Saver Bank with ADCB banking services
Q.3 What is the minimum amount to open a fixed deposit account?
Ans- You will need to open a fixed deposit account of minimum AED 5000 or USD 1500
Q.4 Will I be charged for the cheque with my Current account?
Ans- No, there is no charge on the Cheque book.
Q.5 What is the interest rate on the fixed deposit?
Ans- Fixed deposit offers rates of interest up to 3.15% per annum
Q.6 How many types of ADCB Millionaire savings account are there?
Ans- There are two types of ADCB Millionaire savings account- Emirati Millionaire Savings and Millionaire Destiny savings account ADCB
Q.7 What is the minimum salary required to open an E-Business account?
Ans- You can open an E-business account with zero balance
Q.8 Is there any charge for not meeting the minimum balance requirements in E-business account?
Ans- Since there is no minimum balance requirement in E-business accounts, there is no charge involved.
Q.9 To open an account, what is the required ADCB savings account minimum balance?
Ans- You will need AED 5000 or USD 1500 to open a savings or a current account in the ADCB bank.
Q.10 What is the minimum balance required for Business Choice Current account for silver, gold and platinum?
Ans- The minimum balance required for Business Choice Current account for silver, gold and platinum is AED 10k, AED 50k and AED 100k respectively.
Q.11 What is the percentage of VAT charged on the accounts?
Ans- 5% of the VAT is included in the charges wherever the VAT is applicable.