ADCB Emirati Millionaire Savings Account

What is ADCB Emirati Millionaire Savings Account? 

The Abu Dhabi Commercial Bank, also referred to as ADCB, is a UAE-based financial institution that offers a wide range of banking services. The bank provides several personal banking products like accounts, credit cards, and more. 

In this article, we will discuss all the key points related to the ADCB Emirati Millionaire Savings Account, a Shariah-compliant savings bank account that is exclusively available to UAE nationals and offers excellent services and benefits.

Features and Benefits of ADCB Emirati Millionaire Savings Account

With the ADCB Emirati Millionaire Savings account, customers can enjoy the following enlisted benefits –

  • Provision of earning profits from their savings – the amount earned is paid to customers on a quarterly basis
  • Get a debit card upon opening the Emirati Millionaire Savings account which also allows customers to encash funds from their savings instantaneously
  • Option to open an ADCB Emirati Millionaire Savings Account for their children (this account, however, has to be opened and handled by the respective guardian)
  • For each saving of AED 1,000 over the initial deposit of AED 5000, Emirati Millionaire Savings Account holders can get a chance to participate in prize draws
  • With the Emirati Millionaire Savings Account, customers get to earn cash prizes as well like –
    • 10 prizes every month, each of AED 10,000
    • A grand prize of AED 2,000,000 every six months
    • 1 prize of AED 500,000 every month
  • The minimum balance required to open an ADCB Emirati Millionaire Savings account is AED 5,000 
  • The Emirati millionaire Savings Account can be accessed through online banking and mobile application banking
  • An Emirati Millionaire Savings Account does not require salary transfer
  • Customers can also earn TouchPoints if their monthly average balance in the savings account is AED 10,000 or more

Fees, Charges, and Minimum Balance on ADCB Emirati Millionaire Savings Account 

  • Each user of the ADCB Emirati Millionaire Savings Account is required to maintain a balance of at least AED 5,000.
  • In case the average monthly balance is less than AED 3,000, customers will be charged AED 25 every month

Currency Accepted

The ADCB Emirati Millionaire Savings Account only accepts the AED currency, i.e., UAE Dirham.

Eligibility Criteria for ADCB Emirati Millionaire Savings Account 

In order to be eligible for opening an ADCB Emirati Millionaire Savings Account, an applicant must keep the below-mentioned criteria in mind –

  • Only UAE nationals can open an account
  • ADCB and its subsidiaries’ employees or their immediate family members are not eligible

Documents Required for Opening an ADCB Emirati Millionaire Savings Account 

The following documents are to be kept available while opening an ADCB Emirati Millionaire Savings Account –

  • Scanned copy of Emirates ID
  • Scanned copy of passport
  • Scanned copy of residential proof

How to Apply for ADCB Emirati Millionaire Savings Account?

Applicants can choose any of the following modes to apply for an Emirati Millionaire Savings Account with the ADCB –

Via Official ADCB Website

  • Visit the website of ADCB, move to the ‘Personal Banking’ section, and click ‘Accounts’
  • Tap on the ‘Current and Savings Account’ option and select ‘Emirati Millionaire Savings Account’
  • Once you are redirected to the next page, scroll down and locate the lead form
  • Enter the required personal details and click on the ‘Apply Now’ button

Via SMS

Individuals preferring to open their account through SMS can send ‘EMSA’ to 2626 from their registered mobile numbers.

Via Customer Care Support

Eligible candidates can also get in touch with one of the customer representatives of the bank by calling 600562626 to get their ADCB Emirati Millionaire Savings Account opened.

Visiting Bank Branch

Applicants can also visit their nearest ADCB bank branch and get assistance from one of the professionals regarding the opening of their EMSA account.

How to Access the ADCB Emirati Millionaire Savings Account? 

Here are different ways through which you can access your Emirati Millionaire Savings Account and get all the related services and information –

Via Online Banking

With online banking, individuals can easily access their ADCB bank accounts using e-banking login credentials. Account holders can view all EMSA-related information and even perform actions like bill payments, money transfers, balance checks, making deposits, and more.

To sign in to your ADCB Emirati Millionaire Savings Account, here is what you need to do –

  • Open the official ADCB website 
  • On the home page, click on the ‘Login’ option on the top-right of the page
  • Select ‘Personal Banking’
  • Once you are redirected to the following page, enter your user ID and password
  • Hit the ‘Login’ button

Via Mobile Application

Using the ADCB mobile app to access an Emirati Millionaire Savings Account is highly convenient and suitable for the modern user, who can fetch their account-related details in a few taps at any time. Services like fund transfers, bill payments, and balance checks are available on mobile banking. 

To use your ADCB Emirati Savings Account, download and install the mobile app on your smartphone. The mobile application is available on the Apple Store, Google Play Store, AppGallery, and Galaxy Store. Another option here to install the app is to scan the code given in the mobile application section of the ADCB bank website. 

The rest procedure is fairly easy, as you can –

  • Access the app and log into the savings accounts using your internet banking credentials
  • Navigate to the personal banking section
  • Choose the Emirati Millionaire Savings Account to avail of the required services

Phone Banking 

Under the phone banking service, customers can select any of the three ways to access their Emirati Millionaire Savings Account – VoicePass, Interactive Voice Response, and via Contact Centre. To connect to the ADCB contact centre, you can simply dial 600502030.

WhatsApp Banking 

ADCB also allows its customers to access their EMSA through WhatsApp banking. Those who want to avail of this service can register their bank accounts with WhatsApp and start chatting. To register, they can send a WhatsApp message to 600502030 or subscribe via the subscription link sent on their registered mobile number. Other options to register for the same include subscription by scanning the QR code available on the WhatsApp banking section.

Offline Banking 

To get any information related to your Emirati Millionaire Savings Account or avail of its services, individuals can also get in touch with the ADCB bank professionals in-person by visiting the nearest bank branch.

How much balance is required to maintain in an ADCB Emirati Millionaire Savings Account? 

A minimum balance of AED 5,000 is required for an Emirate Millionaire Savings Account at ADCB bank.

What are the ways to apply for an Emirati Millionaire Savings Account in the ADCB bank?

Applicants can apply for the ADCB Millionaire Savings Account through the bank’s official website, SMS, the customer support team, or by visiting their nearest branch of the bank. 

 

Who are eligible for the Emirati Millionaire Savings Account prize draw?

All UAE nationals are eligible to open an EMSA account. In fact, even minors are also eligible, although the account would have to be managed by their parents or guardians in such cases. 

Are minors eligible for an ADCB Emirati Millionaire Savings Account?

Yes, minors are qualified to open an Emirati Millionaire Savings Account. However, the guardians would be responsible for the management of the account.

What happens if a balance of AED 5000 is not maintained in an Emirati Millionaire Savings Account?

If the average monthly balance goes below AED 3,000, the bank imposes a fine of AED 25 per month. 

Are ADCB employees eligible to open the Emirati Millionaire Savings Account?

No, ADCB and its subsidiaries' employees are not eligible to open this type of savings account. 

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