First Abu Dhabi Bank (FAB)

Top Bank Accounts

EMIRATES NBD Business Banking account

EMIRATES NBD Business Banking account

Emirates NBD Bank

MINIMUM SALARY

AED 0

MINIMUM BALANCE

AED 50000

MINIMUM DEPOSIT

AED 0

  • Cheque Book
  • Debit Card
  • Accounts in AED and in other major foreign currencies
  • Award-winning online banking platform, smartBUSINESS

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM20

Interest/Return

0.00 %

Minimum Balance

AED 50000

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 250

Features

  • Accounts in AED and in other major foreign currencies (ex. USD, EURO, GBP)
  • Award-winning online banking platform, smartBUSINESS
  • Dedicated call centre for all your enquiries
  • Over 900 branches, ATMs and cash deposit machines across UAE.
EXPLORE
EMIRATES NBD Classic Savings account

EMIRATES NBD Classic Savings account

Emirates NBD Bank

MINIMUM SALARY

AED 0

MINIMUM BALANCE

AED 3000

MINIMUM DEPOSIT

AED 0

  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • Local and international remittances
  • Online banking and mobile banking

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM20

Interest/Return

0.25 %

Minimum Balance

AED 3000

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 25

Features

  • Range of current, savings and deposit accounts
  • Local and international remittances
  • No chequing facility
  • Teller transactions available at a nominal fee
  • Access through international ATM s debit card
  • Phone banking , online banking and mobile banking , internationally valid debit card with a host of benefits and privileges.
EXPLORE
ADCB Current account

ADCB Current account

Abu Dhabi Commercial Bank (ADCB)

MINIMUM SALARY

AED 5000

MINIMUM BALANCE

AED 0

MINIMUM DEPOSIT

AED 0

  • Cheque Book
  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • Available in AED and other major currencies
  • Free cheque book (AED account only) and free e-statements

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM21

Interest/Return

0.00 %

Minimum Balance

AED 0

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 25

Features

  • Transfer your salary, move money, make payments, order a cheque book or pick up a new debit card with ease
  • Open to UAE residents only
  • Free cheque book (AED account only) and free e-statements (within the statement cycle)
  • Available in AED and other major currencies
  • Access to ADCB Personal Internet Banking and Mobile Banking
EXPLORE
ADCB Savings account

ADCB Savings account

Abu Dhabi Commercial Bank (ADCB)

MINIMUM SALARY

AED 5000

MINIMUM BALANCE

AED 0

MINIMUM DEPOSIT

AED 0

  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • Available in AED and USD currencies
  • Free e-statements (within the statement cycle)

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM21

Interest/Return

0.20 %

Minimum Balance

AED 0

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 25

Features

  • Available for UAE residents and non-residents
  • Available in AED and USD currencies
  • Interest bearing account, with interest rate of 0.2% p.a. for AED and 1.0% p.a. for USD Savings accounts
  • Interest is accrued monthly on the minimum balance and is paid half-yearly on minimum monthly balance
  • Free e-statements (within the statement cycle)
  • Debit card available for AED Savings accounts only
EXPLORE

Top Banks

Abu Dhabi Commercial Bank (ADCB)
First Abu Dhabi Bank (FAB)
RAKBANK
CitiBank (CITI)
Emirates NBD Bank
Emirates Islamic Bank (EIB)
HSBC Bank
Abu Dhabi Islamic Bank (ADIB)
MASHREQ Bank
Commercial Bank International (CBI)
Commercial Bank of Dubai (CBD)
Noor Bank
United Arab Bank (UAB)
Standard Chartered Bank (SCB)
Al Masraf Bank

Recent Articles

Five Things to Watch Out For When Opening a Bank Account

Posted onMay 25, 2020

Five Things to Watch Out For When Opening a Bank Account

Opening a bank account may not be something that takes up much of our thought. Whether we want to take advantage of certain incentives and rewards or want to spread our assets across multiple banks

read more
Smart Money Moves for a Financially Healthy 2020

Posted onFeb 03, 2020

Smart Money Moves for a Financially Healthy 2020

Planning to set your financial goals right at the beginning of the year is a great way to start in 2020. Review your financial position, check where your money goes, review your debt, cut down on extra expenses and plan efficiently.

read more
Maintaining a Good Credit History: Some Helpful Tips and Strategies

Posted onMar 03, 2020

Maintaining a Good Credit History: Some Helpful Tips and Strategies

Whether you are seeking personal loans to pay off outstanding debt or simply want to obtain some new credit cards, one of the first things that lenders will do is check your credit history.  

read more

GO TO BLOG

Recommended

CREDIT CARDS

Compare and choose the Cards to suit your needs

PERSONAL LOANS

Compare and choose the loan to suit your needs

CAR LOANS

Find the best way to finance your car

HOME LOANS

Find the best options for your home needs

INSURANCE

About Insurance in UAE

FAQs

You can open an account in the UAE either by physically visiting a branch of the bank, filling in the required form and providing your documents or you can apply for and open a bank account online. The option to open a bank account online is not available with all banks but is offered by some of the leading banks in the UAE including Emirates NBD, Mashreq Bank and so on.
The main documents required to open a bank account in the UAE are the passport, visa, and Emirates ID. Both originals and copies are required. Depending on the type of account being opened other supporting documents may be required. For instance, to open an account to have your salary transferred a salary transfer letter from your employer may be required. To open a current account for your business you would need to provide trade license copies and other company related documents.
An inactive bank account can be reactivated by visiting the bank and providing the required documents to reactivate the account. These documents are usually the same documents required to open the account – passport and visa (originals and copies) and Emirates ID.
Many bank accounts always require the account holder to maintain a minimum balance in the account. In such bank accounts if the balance maintained in the account goes below the required minimum balance amount, then a fee is charged to the account holder. This fee is deducted from the available balance in the account at the time it is levied or the next time the funds are available in the account. To avoid these fees, it is always advisable to ensure the minimum balance level is always maintained in the account.
To close your bank account, you will need to visit a branch of your bank and fill in the required account closure forms. You would be required to withdraw or move out any available funds in the accounts prior to the account being closed.