Open bank account instantly with zero maintenance fees
Open bank account instantly with zero maintenance fees
Bank Accounts in the UAE
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.
Mentioned below are the key benefits and features of the FAB account.
Not just AED, this bank account is available in various other major currencies of the world too.
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.
The account holder can enjoy the 1st international remittance free every monthly only in AED accounts. They just have to bear FAB charges.
The bank offers competitive and tiered rates of interest on this FAB Account
The bank allows the account holder to access their funds and shop around conveniently from wherever they are through the Debit Card for free.
The account holder has high limits on daily withdrawal and unlimited & free ATM withdrawals within the UAE.
The bank offers a free cheque book to the account holder on account opening.
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.
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.
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.
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.
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.
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.
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.
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 |
|
Personal Current Account |
|
Etihad Guest Elite Account |
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Etihad Guest Account |
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Elite Gold Savings Account |
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Personal Savings Account |
|
Personal Call Account |
|
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 |
|
Personal Current Account |
|
Etihad Guest Elite Account |
|
Etihad Guest Account |
|
Elite Gold Savings Account |
|
Personal Savings Account |
|
Personal Call Account |
|
Following are the different channels for opening FAB Account in the UAE.
The applicant can call on the official customer service number of the bank to put forward a request for account opening.
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.
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.
If they are still looking for traditional ways, then they can visit the nearest bank branch and get their FAB Account opened.
Question 1: Do I have to pay any fees for opening these accounts?
Answer: No, you do not have to pay any fees for opening these FAB bank accounts.
Question 2: Do I have to maintain any minimum balance on these FAB accounts?
Answer: 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.
Question 3: What penalty do I have to pay if I fail to maintain the minimum balance on this FAB Account?
Answer: 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.
Question 4: Is there any relationship fee charged on these bank accounts?
Answer: No, you do not have to pay any relationship fee on these accounts.
Question 5: What amount of fees do I have to pay for closing my bank account?
Answer: You have to pay a fee of AED 105 for closing the account.
Question 6: Do I have to pay any charges for setting up standing instructions on this FAB Account?
Answer: 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.
Question 7: Is there any dormant account fee on these accounts?
Answer: No, the First Abu Dhabi Bank does not charge any dormant account fee from the account holder.
Question 8: How much do I have to pay for no liability certificate?
Answer: You have to pay AED 105 on no liability certificate on this FAB Account.
Question 9: Do the Fab Bank also provides the credit cards in UAE?
Answer: Yes, there are various types of FAB Credit Cards that can be applied in the UAE.