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NBF stands for the National Bank of Fujairah. With the NBF savings account, the customers can earn a profit on their Savings. Also, NBF offers high interest on the savings account.
Both UAE nationals and the Expats can open a savings account with the NBF.
Features & Benefits of NBF Savings Account
Types of Savings Account
Features and Benefits
Minimum Requirements
Savings Basic Account
Access to major currencies including AED
Free Debit Card of NBF Bank
Interest is credited twice a year
Access to funds 24x7
ATM withdrawal across the UAE is free
Facility for Standing Instruction is available
Facility for remittance is available
Minimum AED 2500 should be maintained every month
Savings Plus Account
Branch transactions are free
Access to major currencies including AED
Interest is credited twice a year
Facility for Standing Instruction is available
Facility for remittance is available
Minimum AED 3000 should be maintained every month
MAX Saver Account
Access to USD and AED currencies
Interest rate up to 2% for AED account
Interest rate up to 1% for USD accounts
Interest is paid on a monthly basis
Flexibility for a monthly withdrawal
A customer can open up to 2 NBF Max Saver account
Not specified
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The features and benefits of the NBF savings account are given below in the table:
Documents Required to Open an NBF Savings Account in UAE
The documents required to open a savings account with the NBF bank are as follows:
Duly-filled and signed application form
Emirates ID of the applicant
Residence Visa of the Expat applicant
How to Open NBF Savings Account in the UAE?
To open a savings account with the National Bank of Fujairah, the applicant should visit the nearest branch of the bank in the UAE.
How to Close NBF Savings Account in the UAE?
To close a savings account with the NBF bank in the UAE, the customer will have to visit the nearest branch of the Bank.
NBF Savings Account FAQs
Q1: What is the fee for failing to maintain the minimum balance in the NBF Savings Account?
Ans: You will be charged AED 25 for failing to maintain the monthly average balance.
Q2: What are the ways to monitor my account?
Ans: You can monitor your account through the following ways:
Regularly check the information of your account
Users with access to your account should be reassessed
Make sure to keep a tab on your transactions
Set up alerts for your account
Q3: How can I protect myself against card fraud?
Ans: To protect yourself against debit and credit card frauds, you should:
Keep an eye on your card during the purchase
Review the statements of your Card at the end of every month
Sign at the back of the card when you receive it
In Case of a missing or stolen card, report immediately
Don’t share the numbers of your card on the phone without verifying the source
Q4: How can I get in touch with the ‘customer support team’ of the NBF bank?
Ans: To get in touch with the customer support team of the NBF bank, you should dial 8008NBF(623).
Q5: Does the NBF bank charge VAT?
Ans: yes, some products of the NBF Bank are inclusive of the VAT.
Q6: Is the Gold Account also an NBF Savings Account?
Ans: Yes, the Gold Account is also a Savings Account.
Q7: Does the Gold Account have Minimum requirements?
Ans: Yes, the Gold Account also has a minimum requirement. A customer should maintain an ounce of the gold in the deposit.
Q8: Who is eligible to open an NBF Gold Account?
Ans: To open a Gold Account with the NBF bank, the customer should either be a UAE national or an expat with residence Visa.
Q9: Will I get any Cheque Book or an ATM card if I open an NBF Gold Account?
Ans: No. NBF Gold account doesn’t issue a Cheque Book or an ATM card.
Q10: What is the fee for transactions at the branch of the NBF Bank?
Ans: Transactions at any of the NBF bank’s branch is free and unlimited.
