FAB Bank Accounts

Bank Accounts in the UAE

fab bank accounts

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  • No maintenance Fees
  • Competitive rate of interest
  • Instant account opening

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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.

First Abu Dhabi Bank Accounts

Some of the best Accounts in UAE:

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

The personal bank account offers both savings and current accounts. Here is a rundown that will help you select the suitable account type based on your intent –

FAB Personal Account

FAB Current Account – The following are the types of current account options that FAB provides –

  • Elite Current Account
  • Personal Current Account
  • Etihad Guest Account
  • One Account 
  • Etihad Guest Elite Account

Click Here to Apply for FAB Bank Current Account

FAB Savings Account – Listed below are the different kinds of FAB savings accounts –

  • Elite Savings Account
  • Personal Call Account
  • iSave Account
  • Personal Savings Account

Click Here to Apply for FAB Bank Saving Account

Eligibility Criteria to Open a FAB Bank Account in UAE

For opening any fab personal bank account, the applicant has to fulfill some eligibility requirements. Following are the eligibility requirements to open a FAB Account in the UAE.

  • UAE Nationals and Residents
  • Salaried or Non-Salaried or Self-Employed Individuals
  • Individual with Total Relationship Balance of at least AED 500,000

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.

  • Proof of Income (for salaried people)
  • Trade License (for self-employed individuals)
  • A photocopy and original Emirates ID
  • A photocopy and original Passport or Residential Visa (for expats)
  • A filled in form for opening the bank account

(You can be asked to provide additional documents based as and when required.)

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

Do I have to pay any fees for opening these accounts?

No, you do not have to pay any fees for opening these FAB bank accounts.

Do I have to maintain any minimum balance on these FAB accounts?

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.

What penalty do I have to pay if I fail to maintain the minimum balance on this FAB Account?

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.

Is there any relationship fee charged on these bank accounts?

No, you do not have to pay any relationship fee on these accounts.

What amount of fees do I have to pay for closing my bank account?

You have to pay a fee of AED 105 for closing the account.

Do I have to pay any charges for setting up standing instructions on this FAB Account?

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.

Is there any dormant account fee on these accounts?

No, the First Abu Dhabi Bank does not charge any dormant account fee from the account holder.

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

You have to pay AED 105 on no liability certificate on this FAB Account. 

Do the Fab Bank also provides the credit cards in UAE?

Yes, there are various types of FAB Credit Cards that can be applied in the UAE.

Bank Accounts Reviews & Ratings

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