Student Bank Accounts in the UAE

Discover the best student bank accounts tailored for students in the UAE

Personal bank accounts for students present a great way to prepare them for the future in terms of finances. 

Major banks in the UAE offer students banking account packages with terms and perks that meet their needs and financial circumstances. With the best student accounts in the UAE, students can easily manage their finances and learn how to save too! 

What Kinds of Bank Accounts are Available for Students in the UAE?

Here are some basic features of the best bank accounts for students-

  • Student bank accounts in the UAE are easily accessible and pay interest to students at reasonable rates.
  • These accounts have low or negligible minimum deposit amounts. 
  • Most of the best student accounts in the UAE have variable interest rates- account holders get notified in case there are any changes in the interest rates. 

Top Bank Accounts for Students in the UAE

Here are the best student bank accounts to look out for-

Account Name Key Benefits Eligibility Criteria Documents Required
ADIB Student Savings Account
  • Free account 
  • No minimum balance required
  • Complimentary ISIC prepaid card
  • Unlimited cash withdrawals
  • Expect quarterly profits
  • Round-the-clock banking services
  • Students of age 13 years and more
  • UAE nationals and residents
  • Student’s valid passport (if the student is below the age of 18, provide Guardian’s valid passport)
  • Valid Emirates ID 
  • Valid School ID or any proof of being a student
  • 1 passport-size picture 
Sharjah Islamic Bank Digital Account
  • Instantly open the account
  • 0 minimum balance required
  • Monthly profit payment
  • Complimentary chequebook
  • Complimentary remittances to India
  • Debit card for free
Minimum Age — 18 years Original Emirates ID
Emirates Islamic Bank Student Bundle Package
  • Free savings account with high-profit rates
  • Personal and auto finance options for graduating students
  • Complimentary international debit card and prepaid card
  • Free online and mobile banking
  • Exclusive promotions and deals to fit the student lifestyle
N/A N/A
Emirates NBD Youth Package
  • No minimum balance
  • No fee for account opening 
  • Complimentary Youth Go4it debit card
  • Customised saving plans
  • Complimentary local and international transfers via mobile and online banking
  • 8 teller transactions per month for free
  • Deals like cinema offers, discounts at Agoda hotel booking, free ferry rides, and more 
  • Save up to AED 2,090 per annum using the debit card deals
Age between 18 to 25 years N/A
ADCB Emirati Millionaire Savings Account 
  • Chance to win AED 2 million per year
  • Opportunity to win AED 1 million per month
  • For every additional AED 1,000 saved over the starting deposit of AED 5,000, you get an additional entry to draw
  • Earn profits from the savings (declared and paid quarterly)
  • A debit card with instant access to the money
  • Chance to get a special Education Saver prize of AED 300,000 every 3 months
  • Children below 18 years need their parents/guardians to open the account 
  • Account exclusively for Emiratis (under the age of 21 years)
N/A
ADCB Millionaire Destiny Savings Account
  • Chance to win AED 2 million yearly
  • Opportunity to win AED 1 million monthly
  • For every additional AED 1,000 you save over the starting deposit of AED 5,000, enjoy an additional entry to draw
  • Earn profits from the savings (declared and paid quarterly)
  • A debit card with instant access to the funds (only for children over the age of 15 years)
  • Chance to get a special Education Saver prize of AED 300,000 per quarter
For customers up to the age of 21 years N/A

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Role of Student Bank Accounts in Managing Finances

  • As mentioned earlier, savings accounts for students in the UAE allow them to learn how personal finance works and how to manage money the right way. When a student learns to manage a bank account with limited funds, it makes it easier for them to manage their finances in the future as they work.

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