Zero Balance Bank Accounts & its Benefits

Learn about zero balance bank accounts in UAE, eligibility, documents required and its benefits.

A zero-balance bank account, as the name suggests, is a basic account that does not require you to maintain a minimum balance. Such an account is useful for those who regularly make major transactions and cannot maintain a balance. 



Benefits of a Zero Balance Bank Account 

Here are some perks that you get when you open a zero-balance bank account in the UAE —

  • Cost-Effective Banking - Zero balance accounts offer free online banking services. You can make several transactions per month without any charges. 
  • Higher Interest Rates - One of the benefits of opening a zero-balance account is that you can earn more interest on your savings compared to other types of bank accounts. 
  • Simple Setup - You can easily open your zero-balance bank account online from anywhere and at any time. 

No Minimum Balance Fees - You would not have to pay any fine in case you don’t maintain any account balance.


Open bank Account


Al Hilal Savings Account 

  • Shariah-compliant
  • Instant account opening and virtual debit card
  • Chance to win AED 1,000,000 per month
  • Monthly profit distribution
  • E-statement for free

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First Abu Dhabi Bank iSave Account 

  • Online bank account 
  • No restrictions on the number of withdrawals
  • Available only in AED
  • No minimum balance required
  • Instant account opening 

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HSBC Flexi Account 

  • Open and operate this account online
  • Free international transfers
  • No minimum balance required
  • No salary transfer required

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Al Hilal Current Account 

  • Shariah-compliant account
  • Virtual debit card included
  • Free e-statement
  • Free local and international transfers

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First Abu Dhabi Bank One Account

  • Free chequebook
  • Earn FAB Rewards on your purchases
  • Free Platinum Mastercard debit card
  • Complimentary access to select airport lounges 
  • Easily use internet banking to operate the account

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First Abu Dhabi Bank Etihad Guest Account

  • 4 free local fund transfers every month
  • First free chequebook
  • First free international remittance per month
  • No salary transfer required
  • Free debit card
  • Dedicated relationship manager

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First Abu Dhabi Bank Elite Current Account

  • Open an account in multiple currencies with no minimum balance required
  • Free chequebooks
  • Free Elite Gold Mastercard World Debit Card
  • First international remittance free (per month)
  • Many more rewards and offers

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First Abu Dhabi Bank Etihad Guest Elite Account

  • 4 free local transfers per month
  • First free international remittance per month
  • Complimentary chequebooks
  • Earn up to 1,000 bonus Etihad Guest Miles on the first salary transfer
  • Free debit card

Apply Now


HSBC Personal Banking Account

  • No minimum balance fee for a minimum salary transfer of AED 5,000 or more
  • Free cash withdrawals at any bank’s ATM in the UAE
  • Free international money transfers
  • Free chequebook
  • Free international Visa debit card

Apply Now


Eligibility Criteria to Open 0 Balance Bank Account Online

Here are the eligibility criteria to open a zero-balance bank account online-

  • Nationality:UAE residents
  • Minimum Monthly Salary Required: Varies as per the bank
  • Age: Depends on the bank 

Documents Required to Open Zero Balance Bank Account Online

The following is the list of documents required to open a zero balance account online —

  • Emirates ID
  • Valid Passport
  • UAE Residence Visa
  • Salary Transfer Certificate (if employed individual)
  • Trade Licence (if self-employed individual)
  • Residence Proof

How to Open a Zero Balance Bank Account Online in the UAE?

You can quickly open a zero-balance bank account online on Policybazaar UAE. This is your one-stop portal for all your banking and insurance needs. 

To start the account opening process, fill in the lead form and go to the bank account quotes page. Here, you can compare the options and select an account that meets your requirements. 

Find out more about opening a zero balance account in the UAE in the frequently asked questions section below.


Frequently Asked Questions


Q. Are there any extra charges for opening a zero-balance bank account?

There are no charges on opening a 0-balance account in the UAE. 

Q. Can you perform international transactions via your zero-balance bank account?

Yes, you can do international transactions using your bank account. 

Q. Is a salary transfer required to open a zero-balance bank account?

The salary transfer requirement depends on different banks’ policies. 

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