FAB Personal Call Account

Savings Accounts by First Abu Dhabi Bank (FAB) are interest-based relationship accounts designed with exclusive features like multi-currency accounts, instant opening through Emirates ID and more. Personal Call Account is one of the standard savings accounts offered by the First Abu Dhabi Bank, allowing you to earn interest on your account balance. This is a cash deposit account where deposits and withdrawals are non-restricted.

Let's have a detailed look at the features and benefits of the FAB Personal Call Account, along with its eligibility criteria and application process.

Features and Benefits of FAB Personal Call Account

FAB offers Personal Call Account with a host of convenient features. Several banking channels can be used to transact using the FAB Personal Call Account. Some of the major features and benefits of the FAB Personal Call Account are listed in the section below:

  • Anywhere Banking: FAB offers a mobile banking facility to its customers, helping them in accessing their accounts even when on the move. You can easily access your FAB Personal Call Account anytime and anywhere. 
  • Multiple Currencies: You can open FAB Personal Call Account in UAE Dirhams and several other major currencies from around the world.
  • Minimum Monthly Balance: Accountholders are required to maintain an average minimum monthly balance of AED 3,000 or equivalent in other currency in the FAB Personal Call Account.
  • Monthly Fees for Breach of Minimum Balance: A fee of AED 26.25 per month or equivalent in foreign currency is charged if the minimum balance is not maintained in the Personal Call Account.
  • Debit Card: The bank does not provide any kind of debit card with this account which helps in curbing the temptation to spend helping you save the maximum possible sum each month. 

Interest Rates for FAB Personal Call Account

Two kinds of interest rates are applicable on FAB Personal Call Account – interest rates on debit and credit balances. Both are explained in detail below:

Interest Rates Applicable on Credit Balance

  • FAB offers interest rates on the balance maintained in FAB Personal Call Account. 
  • Account holders earn interest on credit balances on a monthly basis. 
  • Following is the schedule of interest rates offered on credit balances by FAB on the FAB Personal Call Account:
Currency Flat Rate (per annum)
AED 0.02%
USD 0.005%
AUD 0.015%
CAD 0.015%
EUR 0.000%
GBP 0.015%

Interest on Credit Balance = Daily Balance x Applicable Interest Rate x Number of Days/360

Interest Rates Applicable on Debit Balance

  • Bank charges flat 19% interest rate annually on debit balances (overdraft) on FAB Personal Call Account.
  • The minimum amount charged by the bank is AED 175 per month.
  • The generic formula to calculate interest on debit balance is – Daily Balance x 19% x Number of Days/360.
  • It is to be noted that this type of interest rate does not apply to the foreign currency account. 

Eligibility Criteria to Apply for the FAB Personal Call Account

Applicants need to qualify for the eligibility criteria before applying for the FAB Personal Account. The eligibility criterion is discussed below:

  • Nationality: All UAE residents and non-residents can apply for the Personal Call Account offered by FAB.
  • Employment Type: Salaried and self-employed or non-salaried individuals are eligible to open a FAB Personal Call Account.

Documents Required to Open a FAB Personal Call Account

While opening a FAB Personal Call Account, the applicant needs to submit a few mandatory documents, including proof of identity, income and address proof for verification, etc. Upon verification, applicants can immediately start availing of FAB Personal Call Account benefits. 

The following documents are necessary to open a FAB Personal Call Account:

  • A properly filled bank account opening application form
  • Identity and address proof such as valid copies of passport/ resident visa and Emirates ID. The original documents must be presented to the bank.
  • Proof of income, including salary certificate or trade license, depending on the employment type.

Note: Applicants might be required to submit additional documents depending on their case and the requirement of the bank.

Fees and Charges on FAB Personal Call Account

Following is the schedule of fees and charges applicable to the FAB Personal Call Account:

Fees and Charges for FAB Personal Call Account Fees Details
Account opening fees Nil
Minimum Balance AED 3,000
Relationship fee Free
Non receipt of salary Free
Utility payment (online & ATM) Free
Account closure fee AED 105
No liability certificate AED 63
Account balance letter AED 52.50
Standing instructions set up AED 52.50
Penalty charges for insufficient funds for standing orders AED 26.25
Release letter AED 52.50
Liability letter issued to government departments/ embassies AED 63
Liability letter issued to financial institutions AED 63
Dormant account charge No charge
Teller services (free 6 per month) AED 10 per transaction + 5% VAT
Statement of Account (per cycle) Free within the agreed cycle. Outside the cycle: AED 26.25
Bulk cash deposit and withdraw at the teller counter Free
Inward transfers within UAE AED 1.05
Inward foreign currency transfers AED 25 or equivalent + 5% VAT
Foreign currency transfers through online or mobile banking SWIFT transactions incur additional charges by correspondent banks
Telegraphic transfer in AED through branch AED 5.25
Telegraphic transfers in Euro, USD and AUD through the branch AED 105
All branch telegraphic transfers except AED, Euro, USD, AUD AED 84
Safe deposit locker-deposit amount AED 3,000
Cheque Fees & Charges
Cheque book (first chequebook free) Additional chequebook of 10 leaves: AED 21 and of 25 leaves: AED 26.25
Manager cheque/demand draft AED 31.50
Cancellation of manager’s cheque AED 52.50
Cheques returned drawn on the account (per cheque) AED 52.50
Returned cheque deposited in your account Free
Stop payment (per cheque) AED 52.50
Collection of post-dated cheques AED 21
Counter cheques- cash withdrawal Free
Post-dated cheques withdrawn before the due date AED 26.25
Special clearance of non-FAB cheque AED 205
Photocopy of cheques Cheques dated up to one year: AED 10.50 Cheques dated above one year: AED 21

How to Open a FAB Personal Call Account?

In order to open a Personal Call Account in FAB, you can choose any of the following methods:

  • Via Policybazaar UAE Website: The easiest way to send your application for FAB Personal Call Account is via Policybazaar.ae, our official website. Simply go to the website and fill out the lead form to get to the quotes page. Choose the account to wish to open from this page and fill out the application. The form will be sent directly to FAB and an executive will connect with you to take the procedure further. 
  • Via Bank’s Website: You can apply for the FAB Personal Call Account online using the bank’s website. All you would need to do is visit the website, head to the Personal Call Account detail page and fill out the lead form. The lead form includes details like your name, contact number, email address, monthly salary, nationality, city of residence, etc. After submission of the form, an executive from the bank  will contact you within 24 hours to proceed with your application.
What is a Personal Call Account?

A Personal Call Account by FAB is a type of savings account that comes with alleviated restrictions on cash withdrawal and cash deposit from savings accounts.

How much do I have to pay for a no-liability certificate?

You need to pay AED 63 to get a no-liability certificate.

Who can apply for Personal Call Account?

All residents and non-residents can apply for the FAB Personal Call Account.

How much do I have to pay for a safe deposit locker?

To get a safe deposit locker, you are required to have a minimum deposit of AED 3,000. There are four sizes of locker available with FAB:

Size of Locker Annual Fees
Small Locker AED 787.5
Medium Locker AED 1050
Large Locker AED 1575 
Extra Locker AED 2100
How to apply for the Personal Call Account?

You can apply for the Personal Call Account by sending an online application or via offline modes or phone banking.

Does the bank charge any relationship fee for FAB Personal Call Account?

No, FAB does not charge a relationship fee for FAB Personal Call Account.

What are the currency options available with FAB Personal Call Account?

You can open the account in AED, USD, AUD, CAD, EUR and GBP.

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