Open bank account instantly with zero maintenance fees
Open bank account instantly with zero maintenance fees
Bank Accounts in the UAE
ADCB bank offers a range of options when it comes to opening a savings account. Starting from its competitive profit rates to alluring touchpoint, ADCB Bank comes with a wholesome savings account offers. It also has the monetary lucky draw offers with the selected savings account.
A million AED is offered to a lucky draw prize winner every month and quarterly. While the other lucky draw winners can earn AED 500,000, AED 100,000 respectively. Granted, this lucky draw option is offered to select customers with particular savings account only.
Also, the customers holding a savings or current account with the ADCB bank can apply for the zero minimum balance account with the bank. This account is called the Active Saver Account. The Active Saver account can be opened using the mobile app of the banker.
The key features of ADCB Savings Accounts include:
Types of Savings Account | Features and Benefits | Profit Rates |
ADCB Savings Accounts |
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Millionaire Destiny Savings Account |
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Emirati Millionaire Savings Account |
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Active Saver Account |
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The minimum eligibility to open any of the ADCB Savings Account include:
Types of Salary Accounts | Eligibility Criteria |
ADCB Savings Account |
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Millionaire Destiny Savings Account |
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Emirati Millionaire Savings Account |
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Active Saver Account |
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The minimum documents required are:
Types of Salary Accounts | Documents Required |
ADCB Savings Account |
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Millionaire Destiny Savings Account |
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Emirati Millionaire Savings Account |
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Active Saver Account |
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Through ADCB Hayyak |
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An applicant can open a bank account with the ADCB bank in the UAE via three ways-
How to close an ADCB bank Saving account in the UAE:
To close the savings account, the customer will have to submit a written application to any branch of the ADCB bank in the UAE
Q.1 What is the benefit of getting an account through Hayyak?
Ans- Hayyak is an app of ADCB to provide convenient banking services. It is simple and fast. You can also earn touchpoints with Hayyak.
Q.2 How can I earn touchpoints with Hayyak accounts?
Ans- Hayyak account offers touchpoints for opening an account, transferring your salary and on your first purchase with the credit card
Q.3 Can the Active Saver account be held by a business customer?
Ans- No, business customers cannot open an active saver account. Active Saver account can only be held by individual customers of the bank.
Q.4 Is the Active Saver Account Sharia compliant?
Ans- yes, Active Saver is Sharia compliant. It follows all the rules of Islam.
Q.5 What is FATCA?
Ans- FATCA is a foreign account tax compliance act. This law is enforced in the USA to address tax abuse by US citizens holding an account outside of the USA.
Q.6 Does the ADCB bank implement FATCA?
Ans- Yes, the ADCB bank implements FATCA with compliance to the UAE central bank. All the subsidiaries and branches of ADCB bank complies with FATCA.
Q.7 Is every customer eligible for the lucky draw of the ADCB savings account?
Ans- No, not every customer is eligible for the lucky prize draw. Only the customers of specific millionaire savings account can partake in the lucky prize draw. Also, the customers are required to have a specific ADCB savings account minimum balance to be eligible for the lucky draw.
Q.8 Is the prize of a million AED given out every month?
Ans- In case of the ADCB Millionaire Savings Account, the winner of the lucky draw can win AED 1 million AED in every six months.
Q.9 What is the minimum salary requirement for the UAE residents to open savings and call account in the UAE with the ADCB bank?
Ans- The minimum salary required for the residents of UAE to open a Savings and Call account with the ADCB bank is AED 5000.
Q.10 How many types of savings accounts are there with the ADCB bank in the UAE?
Ans- There are 5 types of savings accounts with the ADCB bank. These accounts are- ADCB Savings and Call accounts, ADCB Millionaire Destiny Savings account, Emirati Millionaire Savings account, Active Saver Account and ADCB Hayyak account.