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First Abu Dhabi Bank provides user-friendly banking experience to its customers. It offers a wide range of products and services including the facility of bank accounts.
A FAB Account is loaded with a host of features and benefits including no requirement for minimum balance, free international remittance, high limits on withdrawal, free debit card, and cheque book, and much more. There are different kinds of bank accounts available in multiple currencies.
Features and Benefits of FAB Bank Accounts
Mentioned below are the key benefits and features of the FAB account.
Multiple Currency
Not just AED, this bank account is available in various other major currencies of the world too.
Minimum Balance
There is no requirement to maintain any minimum balance on some of these accounts, while the account holder will have to maintain a minimum monthly average balance of AED 3,000 on the rest of the accounts.
International Remittance
The account holder can enjoy the 1st international remittance free every monthly only in AED accounts. They just have to bear FAB charges.
Interest Rate
The bank offers competitive and tiered rates of interest on this FAB Account
Debit Card
The bank allows the account holder to access their funds and shop around conveniently from wherever they are through the Debit Card for free.
Withdrawals
The account holder has high limits on daily withdrawal and unlimited & free ATM withdrawals within the UAE.
Cheque Book
The bank offers a free cheque book to the account holder on account opening.
FAB Bank Account Types
Here is a rundown on the various bank accounts offered by the First Abu Dhabi Bank.
This FAB Account allows the account holder to avail superior banking along with complimentary international remittance, free cheque books, exclusive airport lounge access, and much more. Using this current account, they can enjoy high limits on daily withdrawals and unlimited ATM withdrawal within the UAE.
The account holder can also earn Stars for the extra rewards. Apart from this, the Elite Gold Account can be opened in various currencies other than the AED with no requirement of any minimum balance.
Personal Current Account
This FAB Current Account is designed in a manner that it proves to be suitable for the lifestyle of the user. This flexible bank account offers a free debit card and MasterCard along with the free 1st cheque book on the opening of the account.
The account holder can also enjoy complimentary access to airport lounges at the selected airports.
Etihad Guest Elite Account
Loaded with amazing benefits for the users, this bank account does not require any minimum balance. It allows the account holder to make up to four local free funds transfer and one free international funds transfer monthly.
They can earn guest miles depending upon the average monthly balance. The bank offers free 1st cheque book on the opening of the account.
Etihad Guest Account
This current account is similar to the Etihad Guest Elite Account, except the miles offered on this account are low as compared to the latter. This FAB Account is available to the residents of the UAE only.
Elite Gold Savings Account
This bank account by the First Abu Dhabi Bank offers access to high service levels. It does not require any minimum balance and can be opened in multiple currencies.
The account holder can make their first remittance free of cost every month. They can enjoy a competitive rate of interest on this account.
Personal Savings Account
This FAB Savings Account can be opened in dirhams as well as various other major currencies of the world. The account holder is required to maintain an average balance of 3000 dirhams (minimum) or equivalent.
They can enjoy a free debit card and complimentary access to airport lounges throughout the Middle East without any prior booking.
Personal Call Account
The account holder can earn interest on their balances. With this bank account, they can have access to their funds whenever they need them. These bank accounts are available in dirhams and various other major currencies of the world.
Eligibility Criteria to Open a FAB Bank Account in UAE
For opening any bank account, the applicant has to fulfill some eligibility requirements. Following are the eligibility requirements to open a FAB Account in the UAE.
Bank Account Name
Eligibility Criteria
Elite Gold Current Account
TRB (Total Relationship Balance) must be AED 500,000 equivalent & more
Residence: GCC Nationals, UAE Nationals, non-resident, and resident expatriates
Personal Call Account
Residence: Residents of the UAE as well as non-residents
Both salaried & non-salaried applicants are eligible
Documents Required to Open a FAB Bank Account in UAE
For opening any bank account, the applicant has to submit some documents to the bank. Following are the documents required to open a FAB Account in the UAE.
Bank Account Name
Documents Required
Elite Gold Current Account
Duly filled form for account opening
Salary Certificate
Copy of valid resident visa, passport, Emirates ID (original documents to be presented too)
(Additional documents might be required based on different cases at the bank’s sole discretion)
Personal Current Account
Duly filled form for account opening
Salary Certificate or a Reference Letter (should be dated within previous 30 days)
Copy of valid resident visa, passport, Emirates ID (original documents to be presented too)
(Additional documents might be required based on different cases)
Etihad Guest Elite Account
Duly filled form for account opening
Income Proof
Copy of valid resident visa, passport, Emirates ID (original documents to be presented too)
(Additional documents might be required based on different cases)
Etihad Guest Account
Duly filled form for account opening
Income Proof
Copy of valid resident visa, passport, Emirates ID (original documents to be presented too)
(Additional documents might be required based on different cases)
Elite Gold Savings Account
Duly filled form for account opening
Salary Certificate
Copy of valid resident visa, passport, Emirates ID (original documents to be presented too)
(Additional documents might be required based on different cases at the bank’s sole discretion)
Personal Savings Account
Duly filled form for account opening
Salary Certificate (only when applying for credit facility too)
Copy of valid resident visa, passport, Emirates ID (original documents to be presented too)
(Additional documents might be required based on different cases)
Personal Call Account
Duly filled form for account opening
Salary Certificate (only when applying for credit facility too)
Copy of valid resident visa, passport, Emirates ID (original documents to be presented too)
(Additional documents might be required based on different cases)
How to Open a FAB Account?
Following are the different channels for opening FAB Account in the UAE.
Phone Banking
The applicant can call on the official customer service number of the bank to put forward a request for account opening.
Online Banking
The safe and user-friendly online banking portal of First Abu Dhabi Bank allows the applicant to open their Savings bank account from wherever they are.
Mobile Banking
The applicant can download the “FAB Mobile App” through the Google Play Store on Android or App Store on iOS. They can open and manage their bank account from this app anytime and anywhere.
Branch Visit
If they are still looking for traditional ways, then they can visit the nearest bank branch and get their FAB Account opened.
FAB Bank Accounts FAQs
Q1: Do I have to pay any fees for opening these accounts?
Ans: No, you do not have to pay any fees for opening these FAB bank accounts.
Q2: Do I have to maintain any minimum balance on these FAB accounts?
Ans: In the case of a few accounts, you do not have to maintain any minimum monthly balance. However, you will have to maintain a minimum average balance of AED 3,000 on the accounts.
Q3: What penalty do I have to pay if I fail to maintain the minimum balance on this FAB Account?
Ans: In case you breach the minimum balance, that is, your minimum monthly balance goes below AED 3,000, then you will have to pay a fee of AED 25 monthly.
Q4: Is there any relationship fee charged on these bank accounts?
Ans: No, you do not have to pay any relationship fee on these accounts.
Q5: What amount of fees do I have to pay for closing my bank account?
Ans: You have to pay a fee of AED 105 for closing the account.
Q6: Do I have to pay any charges for setting up standing instructions on this FAB Account?
Ans: Yes, you have to pay a fee of AED 52.50 for setting up standing instructions on this account. You will also have to pay a charge of AED 25 as penalty on having insufficient money for standing orders.
Q7: Is there any dormant account fee on these accounts?
Ans: No, the First Abu Dhabi Bank does not charge any dormant account fee from the account holder.
Q8: How much do I have to pay for no liability certificate?
Ans: You have to pay AED 105 on no liability certificate on this FAB Account.
Q9: Do the Fab Bank also provides the credit cards in UAE?
Ans: Yes, there are various types of FAB Credit Cards that can be applied in the UAE.
