FAB Current Account

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FAB Current Account allows the account holder to enjoy exclusive banking services along with privileges such as free cheque book, debit card, and international remittance. These accounts have high withdrawal limits that help them in accessing their funds conveniently and easily.

Following are the different kinds of current accounts offered by First Abu Dhabi Bank.

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

Features and Benefits of FAB Current Account

The current accounts by FAB offer a host of benefits and features to the account holder. Here are some of these features and benefits offered by the different kinds of FAB Current Accounts in the UAE.

Elite Current Account

The account holder can enjoy superior banking services along with a host of privileges. With this FAB Current Account, the account holder can avail extra rewards by earning Stars. Following are some features of this account.

  1. Multiple Currency: This bank account is available in various major currencies of the world.
  2. Minimum Balance: There is no requirement to maintain any minimum balance on this current account.
  3. Cheque Book & Debit Card: The account holder gets unlimited cheque books on this account without any cost. They also get a free Elite Gold MasterCard World Debit Card on this account.
  4. International Remittance: The account holder can enjoy the 1st international remittance free every month only in AED accounts. They would need to pay  FAB charges.
  5. Airport Lounge Access: The bank offers exclusive airport lounge access to the account holder on this FAB Current Account.
  6. Withdrawals: The account holder has high limits on daily withdrawal and unlimited & free ATM withdrawals within the UAE.
  7. Limits: Daily ATM cash withdrawal limit (up to AED 25,000) and purchase limit of up to AED 75,000. ATM cash withdrawal limit on debit card AED 40,000 and retail purchase limit on debit card AED 75,000. 
  8. Rewards and Offers - 
    • Earn 60 FAB rewards for every AED 100 you spend locally and 120 FAB rewards on every international transaction worth AED 100 or up.
    • 8 FAB rewards for maintaining an average account balance of AED 1,000.
    • Lifestyle rewards using the World Mastercard debit card. 
    • Quick and simple reward redemption process on your next transaction.

Personal Current Account

This FAB account is a flexible current account, which is designed for complimenting the lifestyle of the user. Following are some features of this account.

  1. Cheque Book & Debit Card: The account holder gets the first cheque book on this account without any cost. They also get a free Debit Card and MasterCard on this account.
  2. Airport Lounge Access: The bank offers airport lounge access to the account holder at selected airports on this FAB Current Account.
  3. Limits – Daily ATM cash withdrawal limit for FAB Standard debit card is AED 15,000; for FAB Platinum debit card is AED 20,000. Daily retail purchase transaction limit for FAB Standard debit card is AED 20,000; for FAB Platinum debit card is AED 40,000. 
  4. Minimum Balance Requirement – AED 3,000
  5. Other Privileges – The other privileges include internet banking and transaction in multiple currencies. 

Etihad Guest Elite Account

The account holder can easily earn Etihad Guest miles along with various other privileges on this current account. Following are some features of this account.

  1. Earning Miles: The account holder can earn 3 miles on an average monthly balance of AED 1000 with ten times extra Etihad guest miles that are applied on average balance per month.
    They can also earn bonus miles starting from 15,000 to 100,000 on Etihad Guest Accounts for new salary transfer. The bank offers bonus miles worth 1000 on their 1st salary transfer.
  2. Minimum Balance: The account holder does not need to maintain any minimum balance on this FAB Current Account.
  3. Local Fund Transfer: The bank account offers four free domestic fund transfers every month.
  4. International Remittance: The account holder can make one free international remittance every month.
  5. Cheque Book: The bank offers a free cheque book to the account holder on account opening.
  6. Debit Card: The bank offers a free Etihad Guest Signature Debit Card on this current account. The account holder can enjoy a welcome bonus of 750 joining miles on this card along with discounts, convenient cash withdrawal limits, and various travel benefits including concierge services, lounge access, and more.
  7. Debit Card Daily Limits – The everyday ATM cash withdrawal limit is of up to AED 30,000 while the retail purchase transaction limit is AED 75,000. 
  8. No salary transfer is required
  9. Other Benefits – You can use the option of internet banking to operate this account. Besides this, you are also assigned a designated relationship manager who helps you in case of any difficulties. 

Etihad Guest Account

The account holder can easily earn Etihad Guest miles on this FAB Current Account too along with a variety of exclusive benefits. Following are some features of this account.

  1. Earning Miles: The account holder can earn 1.5 miles on an average monthly balance of AED 1000 with ten times extra Etihad guest miles that are applied on average balance per month.
    They can also earn bonus miles starting from 15,000 to 100,000 on Etihad Guest Accounts for new salary transfer. The bank offers bonus miles worth 500 on their 1st salary transfer.
  2. International Remittance: The account holder can make one free international remittance every month.
  3. Minimum Balance: The account holder does not need to maintain any minimum balance on this FAB Current Account.
  4. Local Fund Transfer: The bank account offers four free domestic fund transfers every month.
  5. Cheque Book: The bank offers a free cheque book to the account holder on account opening.
  6. Debit Card: The bank offers a free Etihad Guest Platinum Debit Card on this current account. The account holder can enjoy a welcome bonus of 500 joining miles on this card along with discounts, convenient cash withdrawal limits, protection benefits, and more. There are free and unlimited cash withdrawals at any FAB ATM. There are 2 free cash withdrawals each month at a non-FAB ATM in the UAE. 
  7. Debit Card Usage Limits – There is a daily ATM cash withdrawal limit of AED 20,000 while the retail purchase transaction limit is AED 40,000.
  8. Protection Benefits –
    • Global Purchase Protection and Warranty Extension – All the articles you purchase using your Etihad Guest Platinum debit card are protected under this cover.
    • International Medical and Travel Assistance – The Etihad Guest Platinum debit card provides free international travel and medical assistance to make your trip more convenient.
  9. Miles on Etihad Guest Platinum Debit Card –
    • You can earn 2 Etihad Guest miles for every AED 10 you spend for domestic transactions. For every international transactions of AED 10 you get 2.5 Etihad Guest miles. You can earn 4 miles on every AED 10 spent on Etihad Airways.
    • You can earn 1.5 miles for every AED 1,000 you maintain in your current account. The average monthly balance needs to be AED 10,000.

One Account

When you open FAB One Account, you are eligible for exclusive benefits and rewards. Some of the features and benefits of this account are listed below –

  1. Rewards and Offers –
    • You can earn 40 FAB rewards for spending AED 100 domestically or internationally.
    • You can earn 6 FAB rewards for every AED 1,000 average account balance. You can earn up to 80,000 FAB rewards per month (if you maintain a balance of at least AED 10,000)
    • Easy and quick redemption of rewards for transactions like shopping, paying your utility bills, cashback, booking your holiday, or dining out. 
    • You get exclusive lifestyle rewards through the World MasterCard debit card.
  2. Debit Card – If you open FAB One account, you get a FAB Platinum MasterCard debit card. The following are the benefits of using a Debit Card –
    • Access to several shopping and lifestyle benefits.
    • 4 free cash withdrawals from any ATM in the UAE.
    • Purchase protection on all debit card transactions for up to 90 days from the date of purchase. 
    • Complimentary access to airport lounge across the Middle East. 
    • You get cover of up to USD 1,000 per year for your international purchase in case of the items are not delivered within 30 days. 

The debit card’s daily ATM cash withdrawal limit is AED 20,000 and the retail purchase limit is AED 40,000.

  • Minimum Balance Requirement – There is no minimum balance requirement on this account. Additionally, you will not be charged any fee if you do not have a minimum balance. 
  • Complimentary Services – When you open FAB One Account, you are also get a complimentary cheque book and an internet banking account. 

Click Here to Apply for FAB Bank Current Account.

Eligibility Criteria to Open FAB Current Account in UAE

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

Current Account Name Eligibility Criteria
Elite  Current Account
  • TRB (Total Relationship Balance) must be AED 500,000 equivalent or AED 50,000 salary transfer is required
(TRB= Savings/ Call Account /Current Balance + Investments + Fixed Deposits)
Personal Current Account
  • Must be a UAE Resident
  • Self-employed, salaried, or non-salaried
Etihad Guest Elite Account
  • TRB (Total Relationship Balance) must be AED 500,000 equivalent & more
(TBR= Savings/ Call Account /Current Balance + Investments + Fixed Deposits)
Etihad Guest Account
  • Must be a UAE Resident
  • Minimum salary required: AED 10,000 monthly
  • Minimum Initial Deposit: AED 10,000 (for non-salaried applicants)
One Account
  • Must be a UAE resident
  • Salaried customers (minimum monthly salary) – AED 10,000
  • Non-salaried customers (minimum initial deposit) – AED 10,000 per month

Documents Required to Open FAB Current 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 this FAB Current Account in the UAE.

Current Account Name Documents Required
Elite Current Account
  • A 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)
One Account 
  • Copy of valid passport, Emirates ID, or residential visa (you need to present the original proof too)
  • Income proof
  • A filled in account opening application
(The bank can ask for additional documents if required)

How to Open FAB Current Account?

Following are the different channels for opening FAB Current 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 current 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 Current Account opened.

How to Close FAB Current Account in UAE?

The account holder can get their account closed by putting forward the request for account closure. However, before making this request, they should make sure that they have no account balance left in their current account.

They can transfer their existing balance to another bank account in their name. After doing so, they can easily close their current account.

The account holder will have to pay fee of AED 105 for closing their FAB Current Account.

FAB Current Account FAQs

Q1: Do I have to pay any fees for opening this current account?

Ans: No, you do not have to pay any fees for opening this bank account.

Q2: Do I have to maintain any minimum balance on these current accounts?

Ans: In case of Elite Gold Current Account, Etihad Guest Elite Account, and Etihad Guest Account, you do not have to maintain any minimum balance. However, you will have to maintain a minimum balance of AED 3,000 on the Personal Current Account.

Q3: What penalty do I have to pay if I fail to maintain the minimum balance on this FAB Current 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 this bank account?

Ans: No, you do not have to pay any relationship fee on this current account.

Q5: What amount of fees do I have to pay for closing my current 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 Current 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 this current account?

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 Current 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.

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