FAB Etihad Guest Elite Account

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First Abu Dhabi Bank (FAB) offers a range of banking products and services to its customers –  from savings accounts, current accounts, and overdrafts to credit cards and loans. It provides an array of current accounts to cater to the requirements of different market segments in the UAE. This includes personal current account, elite current account, FAB one account, Elite Guest account, and Elite Guest elite account.

With Etihad Guest Elite Account, you can enjoy a number of value-added benefits including miles and travel rewards. In this article, we will discuss the most relevant features, benefits, eligibility criteria, required documents, application process, and more related to the Etihad Guest Elite Account.

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Top Reasons to Choose FAB Etihad Guest Elite Account

For those planning to open a bank account in the UAE, FAB Etihad Guest Elite Account can be a great choice due to the rewards and offers it provides to its customers. Some of the major ones are:

(1) Etihad Guest Miles Loyalty Programme: FAB Etihad Guest Elite Account users and Etihad Signature debit cardholders can earn Etihad guest miles on the transactions made. 

Given below are the different categories in which you can earn miles:

  • Get 1,000 bonus Etihad guest miles on your first salary transfer
  • Maintain an average monthly balance of AED 10,000 or more to earn three Etihad guest miles per AED 1,000. The maximum number of Etihad guest miles you can earn per month is 5,000
  • With the debit card, you can earn 750 joining miles on your first purchase
  • Get 3 miles for every AED 10 spent on international transactions
  • For each domestic transaction of AED 10, you get 2.5 Etihad guest miles
  • You can avail of 5 miles for every AED 10 spent on Etihad or Etihad guest partners

(2) Travel Benefits: The account holder can enjoy the following complimentary travel benefits – 

  • Complimentary air lounge access to more than 650 airport lounges worldwide
  • Easy access to assistance in a wide range of scenarios related to travel with round-the-clock concierge service

(3) Protection Benefits: Etihad Guest Signature debit card offers numerous protection benefits – 

  • Book your flight tickets using Etihad guest signature debit card and get complimentary travel accident insurance of up to USD 500,000
  • Get global purchase protection and an extended warranty for purchases made with the debit card
  • Free international medical and travel assistance to make your trip convenient

(4) Easy Access to Your Account: You can easily access your account using internet banking and the FAB mobile app at any time and from anywhere.

(5) Open Your Account Instantly: You can easily get your account opened in a few taps using your Emirates ID, with no paperwork being required to apply for the FAB Etihad Guest Elite Account

Features & Benefits of FAB Etihad Guest Elite Account

Discussed below are the notable features and benefits of the FAB Etihad Guest Elite Account – 

  1. Minimum Balance: The account holder does not need to maintain any minimum balance with the FAB Etihad Guest Elite Account to keep it functional. Moreover, in the absence of a minimum balance limit, no penalties would be applicable for the breach of the minimum balance limit.
    Nevertheless, it must be remembered that to earn Etihad Guest miles, an average monthly balance of at least AED 10,000 has to be maintained.
  2. Welcome Bonus: Earn 750 joining miles on your first purchase with an Etihad guest signature debit card
  3. Interest Rate: While the bank does not charge interest on credit balances, a fixed rate of 19% per annum (minimum AED 175 per month) on the debit balance of the FAB Etihad Guest Elite Account is levied
  4. Complimentary Services: With FAB Etihad Guest Elite Account, you can get as many chequebooks as you want for free, an Etihad signature debit card, and internet banking facility
  5. Cash Withdrawal: Account holders are entitled to free cash withdrawals from FAB ATMs, up to 4 free cash withdrawals from non-FAB ATMs in the UAE, and one free cash withdrawal per month from any ATM outside the UAE
  6. Local Fund Transfers: FAB offers the option to make up to 4 free domestic fund transfers in a month
  7. Salary Transfer: Salary transfer is not required to open FAB Etihad Guest Elite Account
  8. Debit Card Daily Limits: The daily retail purchase transaction limit for your debit card is AED 75,000, while the ATM cash withdrawal limit is AED 30,000
  9. International Remittance: The account holder can make one free international remittance from AED accounts in a month (FAB charges are entirely waived)
  10. Statement of Account: You can get a free account statement within the agreed cycle 
  11. Other Privileges: You can instantly open the account using your Emirates ID and have the option of internet banking to operate the account

Eligibility Criteria to Open FAB Etihad Guest Elite Bank Account

In order to apply for the FAB Etihad Guest Elite Account, the applicant must have a total relationship balance equivalent to AED 500,000 or more

Documents Required to Open FAB Etihad Guest Elite Bank Account

The applicant needs to submit the following documents to open FAB Etihad Guest Elite Bank Account.

  • Filled out bank account opening form
  • Valid passport/resident visa/Emirates ID (original and a copy) 
  • Income proof

Note: Additional documents might be required by the bank depending on the applicant

Fees & Charges on FAB Etihad Guest Elite Account

Given below is the list of fees and charges associated with the FAB Etihad Guest Elite Account – 

Account Services Fees and Charges 
Minimum balance requirement Nil
Low balance charge Nil
Account closure fee AED 105
Account statement  Free within the agreed cycle and AED 26.25 outside the cycle
Teller services 8 free per month and AED 10 afterwards 
Release or clearance letter AED 52.50
Telegraphic transfer in AED  AED 5.25 (four free per month)
Telegraphic transfer in Euro, USD, and AUD AED 105
Telegraphic transfer except for AED, EURO, USD, and AUD AED 84
Manager’s cheque/ demand draft AED 31.50
Standing instructions set up AED 52.50
Penalty for insufficient funds for standing order AED 25
Fees and Charges Related to Cheques Associated with FAB Etihad Guest Elite Account
Cheque Services Fees and Charges
Obtaining chequebooks  Free
Returned cheque book fees when deposited into your account Nil
Returned chequebook fees when drawn on your account AED 100
Stopping payment instruction via cheque AED 52.50
Special clearing on non-FAB cheque AED 205
Fees and Charges for Etihad Signature Debit Card
Debit Card Services Fees and Charges
For issuing the primary card Free
Replacement of lost or stolen card AED 26.25
Own ATM fees Free
For using an ATM outside the UAE As per the host country system ( 1 free per month)
For using another bank's ATMs in the UAE AED 2.10 (4 free per month)
Foreign currency transactions added to the foreign exchange rate 2.1% of transaction value
Copy of sales receipt AED 26.25

How to Open a FAB Etihad Guest Elite Bank Account?

An individual can open a FAB Etihad Guest Elite Bank Account via any of the following ways – 

(1) FAB Mobile App: You can download the FAB mobile application via the Google Play Store, Apple App Store, or App Gallery, depending on your device. As an alternative, you can scan the QR code given on the official website of the FAB for the download and use the link to install the application. 
Once downloaded, you can enter your personal details or use your Emirates ID to register your account. Your account will be opened instantaneously after verification. 
The benefits of applying for the FAB Etihad Guest Elite Bank Account through the FAB mobile app are as follows:

  • Quick and instant approval
  • No need for paperwork
  • You can check your account balance, send money, and earn FAB rewards via the app
  • You can pay your bills anytime using FAB rewards through the app

(2) Online Mode: The lead form present on the official website of the bank represents another way to apply for the FAB Etihad Guest Elite Account. Here, the applicant can simply go to the bank's official website and locate the lead form on the FAB Etihad Guest Elite Account page. After verifying your provided information, the bank personnel will contact you and move your application further.

(3) Offline Mode: You can also visit a FAB branch and apply for the FAB Etihad Guest Elite Account there. You can obtain an application form at the branch and submit it after filling it out and attaching the required documents. 
After the verification of your application, a bank representative will connect with you to discuss how you can proceed further with the application.

(4) Phone Banking: One can always dial the bank's official number and submit their account opening request there.

What is the minimum balance requirement to apply for the FAB Etihad Guest Elite Account?

As the FAB Etihad Guest Elite Account is a zero balance account, you won't be required to maintain a minimum balance.

Can I perform transactions in multiple currencies in FAB Etihad Guest Elite Account?

No, the FAB Etihad Guest Elite Account is not a multi-currency account. You can only perform transactions in AED.

What does total relationship balance signify?

The total relationship balance is the sum of all the amount present in the current/savings/call accounts, fixed deposits, and investments with a particular bank or provider.

What travel benefits can I get with FAB Etihad Guest Elite Account?

With the FAB Etihad Guest Elite Account, you get a complimentary Etihad guest signature debit card. This card offers travel benefits like free airport lounge access to more than 650 airport lounges worldwide, round-the-clock concierge service, and more.

What are the daily debit card limits?

The daily ATM cash withdrawal limit is AED 30,000, while the retail purchase transaction limit is up to AED 75,000 for the Etihad Guest Signature debit card.

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