Opening a Zero Balance Account in UAE

Zero-balance accounts present a convenient banking option in the UAE where you aren’t required to maintain a minimum balance. This type of bank account is designed for those who prefer flexibility in managing their finances. 

With a zero balance account, you can enjoy banking without worrying about maintaining a specific amount in your account at all times.

How Does a Zero Balance Account in the UAE Work?

Zero balance accounts work like just any other bank account. You can initiate transactions, credit and debit money using a debit card/ATMs/cheques, or make use of it for online purchases, paying your utility bills, and others — just like any other account.

The only difference is in the minimum balance fees. As there’s no minimum balance requirement with such accounts, no charges are levied even if your account has no money in it. 

Banks usually levy considerable charges on a monthly/yearly basis if a stipulated minimum balance is not maintained. However, with a zero balance account in the UAE, you never have to worry about the same.

Advantages of Zero Balance Accounts in UAE

Zero balance saving accounts in the UAE offer several benefits, particularly for those new to banking. 

Here’s what you can enjoy when you open bank account of this type-

  • Cost-Effective Banking: These accounts often provide free online banking services as well as a certain number of transactions each month without any charges. These features, combined with no minimum balance fees, make them a budget-friendly option.
  • Simple and Swift Setup: The process of online bank account opening with zero balance in UAE is a seamless one. You can now easily access accounts online and apply for them through your laptop or mobile app.
  • Competitive Interest Rates: Another significant advantage of these banks is the potential to earn interest at attractive rates on savings compared to traditional accounts. This way, you can maximise returns on deposited funds.
  • Rewards and Cashback: Many banks offer enticing rewards for zero balance accounts. This can include cashback offers and exclusive discounts on various expenses such as dining, shopping, and entertainment.
  • Peace of Mind: The most significant benefit of zero balance accounts in UAE is how stress-free they make banking for you by eliminating the need to maintain a minimum balance to avoid penalties or fines.

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Best Zero Balance Accounts in the UAE

Here is a list of some of the best zero balance accounts in the UAE along with their rates of interest —


Interest Rates

ADCB Active Saver

Up to 2.25% p.a (AED account)

FAB One Account


FAB iSave Account

Up to 5.25% per year 

HSBC ESaver Account

Up to 1.05%

CBD ESaver Account

Up to 1.25% 

Opening a Zero Balance Account in the UAE

With, you can easily open a bank account online in the UAE. On just one platform, you can access the best bank account quotes from the leading banks. You can then compare the options, explore their features, and apply for one by making a few clicks.

Here’s how you can complete the process of online bank account opening with zero balance-

  • Head to, the official website of Policybazaar UAE.
  • Move to the section on bank accounts. This will be available under ‘Banking Products’.
  • Complete the form and submit it.
  • This will display the most relevant bank account quotes on your screen.
  • Check and compare the options and apply for your chosen bank account online. 

Note: The process of account opening typically takes 2 to 4 business days. Upon opening the account, make sure that you securely store important details such as customer number, IBAN, SWIFT code, and bank account number, often found in the welcome letter. 

Familiarise yourself with withdrawal limits, keep customer care numbers handy, and stay informed about any applicable account charges.

Documents Required for Opening a Zero Balance Savings Account in the UAE

Make sure to keep these documents ready when opening a bank account online or offline-

Address and ID Proof

  • Valid Passport
  • UAE Residence Visa
  • Passport-size Photographs
  • Recent utility bills or signed rental agreement

Employment Documents

  • Documentation indicating employer name and salary 
  • No Objection Certificate (NOC) from employer or sponsor (if required)

Frequently Asked Questions

Q. Are Zero Balance Accounts in the UAE available for expats?

Yes, expats are eligible to open zero balance accounts in the UAE by providing the necessary identification proof.

Q. Do zero balance accounts require a mandatory salary transfer?

No, the requirement for salary transfer varies as per the specific policies of each bank.

Is online bank account opening with Zero balance in the UAE available for minors?

Some banks allow minors to access zero-balance accounts under the guardianship of an adult.

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