How to Open a Savings Account with ADCB

By Ruchi Gohri
  | Published: 24 August 2021 | Last Updated On: 25 August 2021

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ADCB is one of the best financial solutions provider in the UAE. The bank offers a wide variety of banking products, including bank accounts, credit cards, loans, etc. for both individual and corporate customers. 

ADCB savings accounts offer attractive interest rates to the account holders and help them grow their savings in no time. The accounts holders are entitled to reward points schemes and TouchPoints benefits that add to the pleasure of having a savings account with ADCB. Let us go ahead and learn about the types of ADCB savings accounts and the basic requirements for opening one.

Types of ADCB Savings Accounts

ADCB bank offers four types of savings accounts for its valuable customers.

ADCB Savings Account: This is one of the best savings accounts in the UAE. The bank account offers attractive interest rates to encourage more savings. Here are the benefits and features offered by ADCB Savings Account. 

  • Available in multiple currencies
  • Free monthly e-statements
  • Debit card available for the account holders
  • Interest calculated monthly and paid half-yearly
  • Attractive TouchPoints and rewards

Emirati Millionaire Savings Account: This is another ADCB savings account that offers attractive cash prizes. The bank distributes prizes worth AED 2 million twice a year, including a prize of AED 5 million for 1 winner and AED 10,000 for 10 winners every month. Here are the features and benefits of this ADCB savings bank account.

  • Debit card with instant access to funds
  • Profit on savings paid quarterly
  • AED 5,000 needs to be maintained in the account to be eligible for prizes
  • Available for minors

Millionaire Destiny Savings Account: This unique ADCB savings account also helps account holders win attractive cash prizes. The bank distributes prizes worth AED 2 million twice a year, including a prize of AED 1 million for 1 winner and AED 10,000 for 10 winners every month. Here are the features and benefits of this ADCB savings bank account.

  • Debit card with instant access to funds
  • Profit on savings paid quarterly
  • No lock-in period for funds
  • No penalty on withdrawals
  • AED 5,000 needs to be maintained in the account to be eligible for prizes

ADCB Active Saver Account: ADCB Active Saver Account is a digital account that can be opened via Internet Banking in just a few clicks. Here are the features and benefits that this bank account offers. 

  • Quick online account opening process
  • Available in multiple currencies
  • Interest calculated daily and paid monthly
  • Redeem TouchPoints and pay credit card bills
  • Online/Mobile banking services

Eligibility Criteria for Opening an ADCB Savings Account

Here are the eligibility criteria for opening an ADCB savings account.

Type of Savings Account Eligibility Criteria
ADCB Savings Account A minimum monthly salary of AED 5,000 for UAE residents
Emirati Millionaire Savings Account Not Stated
Millionaire Destiny Savings Account Not Stated
ADCB Active Saver Account
  • UAE residents and nationals having a valid residence visa
  • The applicant’s age must be 21 years or above
  • The applicant must be ADCB savings or current account holder
  • Minors are not eligible
  • It cannot be opened as a joint account

Documents Required for Opening an ADCB Savings Account

Here is a list of documents required for opening an ADCB savings account.

Type of Savings Account Documents Required
ADCB Savings Account For UAE Residents
  • Passport with UAE residence visa - Original and a Copy
  • Emirates ID - Original and a Copy
  • Salary Certificate/Appointment Letter of the applicant
  For Non-Residents
  • Passport - Original and a Copy
  • Visit Visa Card or E-Gate Card – A copy
  • Stamped Bank Statement – of the last three months
  • A letter of introduction - from an existing ADCB account holder with a relationship of over a year
Emirati Millionaire Savings Account Not Stated
Millionaire Destiny Savings Account Not Stated
ADCB Active Saver Account Not Stated

How to Open an ADCB Savings Account?

Here are the four simple ways of opening an ADCB savings account.

  1. ADCB Bank Branch: The applicants can visit the nearest ADCB branch to open a savings account. All they need to do is fill the application form and submit it with all the essential documents.
  2. Online Banking: The applicants can also open an ADCB bank account online in just a few clicks. They need to visit the bank’s website, fill up an online application form, upload all the necessary documents and submit the account opening application.
  3. Phone Banking: The applicants can also call the bank’s 24-hour contact centre on 600 50 2030 and request for opening an ADCB savings account.
  4. SMS Banking: If the applicants do not have an active internet connection, they can also try sending an SMS 'CASA' to 2626 from their registered mobile number to open an ADCB savings account.
Ruchi Gohri
Ruchi Gohri61 Posts

Senior Content Writer | She has a penchant for writing and with over 5 years of experience, she plays around with words elegantly, crafting simple content for all to read. In her free time, she loves her couch either to read or catch on to her sleep.