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FAB Savings Accounts in UAE

Features of FAB Savings Account

  • FAB provides savings accounts with very attractive benefits customers
  • Can avail savings accounts in multiple currencies
  • Provides high rewards and benefits on the account
  • Can access the account using debit card from anywhere in the world
  • You can avail cash withdrawals from almost all the ATMs worldwide
  • Also avail free international remittances
  • Can get special discounts on shopping at selected outlets
  • Can earn FAB stars on the account balance maintained

Eligibility Criteria of FAB Savings Account

  • Salaried, non salaried and self-employed individuals can avail this account

Documents Required of FAB Savings Account

  • Copy of valid Passport
  • Residence Visa
  • Emirates ID

First Abu Dhabi (FAB) Savings Account

FAB Bank

4 Savings Accounts Provided By First Abu Dhabi (FAB)

iSave Electronic Account

Min Balance to Maintain

AED 0

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

No

minimum balance

AED 0

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

No

Currency Account

Features

  • There is no monthly fee on this account.
  • This account can be availed in AED alone.
  • There is no minimum balance required for this account.

Features

  • There is no monthly fee on this account.
  • This account can be availed in AED alone.
  • There is no minimum balance required for this account.
  • There are no monthly or annual fees on this account.
  • Only existing FAB savings or current account customers are eligible

Benefits

  • There are no restrictions on the number of withdrawals on this account.
  • You can open up to 10 banking channels through online banking portal.
  • You can create your own nicknames for your account according to your comfort.
  • Instant account opening for existing Current and Savings account holders through online banking channel.

View details on bank page

Call Account

Min Balance to Maintain

AED 3K

Monthly Fee

AED 0

Annual Fee

AED 0

Yes

minimum balance

AED 3K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

Yes

Currency Account

Features

  • Can access account in AED and other currencies as well
  • A minimum balance of AED 3000 to be maintained in the account
  • Only UAE residents are eligible

Features

  • Can access account in AED and other currencies as well
  • A minimum balance of AED 3000 to be maintained in the account
  • Only UAE residents are eligible

Benefits

  • Can earn some profit rate on the account balance maintained
  • Competitive interest rates are provided
  • No monthly charges are levied

View details on bank page

Elite Gold Savings Account

Min Balance to Maintain

AED 0

Annual Fee

AED 0

Relationship Manager

Yes

Yes

minimum balance

AED 0

Min Balance to Maintain

annual fee

AED 0

Annual Fee

relationship manager

Yes

Relationship Manager

Yes

Currency Account

Features

  • No need to maintain a minimum balance in the account
  • Can avail the account in multiple currencies
  • Can get 0.020% profit rate on the account balance maintained

Features

  • No need to maintain a minimum balance in the account
  • Can avail the account in multiple currencies
  • Can get 0.020% profit rate on the account balance maintained
  • Free fund transfer facility
  • Minimum AED 500,000 total relationship balance should be available to be eligible for the Elite Gold Savings account

Benefits

  • Free cash withdrawal at any bank ATM in the UAE region
  • Very high cash withdrawal limit is provided
  • Can withdraw cash from GCC regions ATMs for free up to 4 times per month
  • Can earn 0.75 stars on every AED 2 spent locally
  • Can earn 1.5 stars on every AED 2 spent on international purchases

View details on bank page

Personal Savings Account

Annual Fee

AED 0

Yes

annual fee

AED 0

Annual Fee

Yes

Currency Account

Features

  • Salaried, non-salaried and self-employed people are eligible for this account.
  • This account is open to UAE Nationals, GCC Nationals, Resident expatriates and non-resident
  • This account is available in Dirham and all the other major currencies.

Features

  • Salaried, non-salaried and self-employed people are eligible for this account.
  • This account is open to UAE Nationals, GCC Nationals, Resident expatriates and non-resident
  • This account is available in Dirham and all the other major currencies.
  • There is an initial deposit requirement of AED 3000 for this account.
  • You can earn competitive interest rates on your account.

Benefits

  • There is no monthly fee on this account
  • Make cash withdrawals from any ATMs
  • Avail complimentary airport lounge access
  • Avail purchase protection with all your purchases up to 90 days from the date of purchase.

View details on bank page

Frequently Asked Questions

⭐ Is there any issuing fee for the debit card from FAB?

A. No, there is no issuing fee for debit cards from FAB.

⭐ Can I avail standing instructions with FAB Savings Accounts?

A. You can avail standing instructions with FAB Savings Accounts, upon requesting. For every request, you need to pay an amount of AED 52.50.

⭐ Can I avail a free debit card with my savings account?

A. You can avail a free debit card, if you open your savings account in AED currency.

⭐ What are the basic monthly charges on savings accounts by FAB?

A. There are no basic monthly charges on any of the accounts of FAB.

⭐ What are the electronic accounts available with FAB?

A. You can avail the benefits of isave electronic account.

⭐ How do I open a savings account with FAB?

A. The applicant can open FAB savings account through phone banking, online banking or can visit the nearest branch for opening the account, Even applicants can download the “FAB Mobile App”on Google Play Store or App Store to manage their account activity anytime, anywhere.

⭐ What are the eligibility criteria required for opening FAB savings account?

  • Eligible for above 18 years person
  • Eligible for self employed, salaried & non - salaried person
  • Eligible for UAE & non - UAE national & resident expatriates
  • ⭐ What are the documents required for FAB savings account?

  • FAB account opening application form
  • Income proofs Original passport
  • Emirates ID
  • ⭐ What are the benefits of FAB savings account?

  • Multi - currency account
  • Free cheque books
  • Provides debit card
  • Attractive profit rates
  • ⭐ What are the annual charges on FAB savings account?

    A. There are no annual charges levied on FAB savings account.

    ⭐ What are the charges for opening a FAB savings account?

    A. There isn’t any charge to open a FAB savings account.

    ⭐ What are the charges for closing a FAB savings account?

    A. AED 105 is charged for closing the account.

    ⭐ What is the minimum balance required to maintain a monthly FAB Savings Account?

    A. For FAB personal savings account holders AED 3000 is the minimum balance required. For FAB elite savings account holders then there isn’t any requirement.

    ⭐ What are the types of FAB savings accounts?

    A. There are two types of FAB saving accounts -
  • Elite Savings account
  • Personal savings account
  • About FAB

    First Abu Dhabi Bank (FAB) is one of the largest banking institutions established in 2017 and is a merger of NBAD and FGB. FAB offers tailor made solutions, products and services to the customers.The international network of FAB is spread over 5 continents providing global relationships, expertise and financial strength to local and international business. FAB offers its diversifying services by having differentiation, agility and innovation as their main motto and vision

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