Zero Balance Accounts in UAE
Things to check before getting a zero balance account
- Account with zero maintenance charge
- No initial deposit requirement
- No monthly transactions requirement
- No/Low minimum salary criterion
- New-to-bank customers are allowed to open an account
Even though cash is considered as king, idle cash in the wallet is not recommended when there are several banks providing some interest rate on the cash. But this little profit comes with charges when you don’t maintain a minimum balance in the account. Banks charges some fees on non-maintenance of the minimum balance in the account. Not all the banks charge fees, there are few banks that provide Zero Balance accounts in UAE.
Comparing Zero Balance Accounts
Comparing Zero Balance Account
| Account |  ADIB Smart Account |
 CBD E-Saver Account |
 Emirates NBD Liv Account |
 HSBC eSaver Account |
 RAKBank Fast Saver Account |
 FAB iSave Account |
 Mashreq Happiness Account |
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| No Maintenance Charges |  |
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| No Initial deposit | |
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| No Minimum transactions per month | |
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| No Minimum Salary Required | |
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| Max Interest Rate(p.a.) | |
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| No need of existing account | |
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| Can be applied Online? | Yes | Yes | Yes | Yes |
No More Details |
Yes | Yes |
No Maintenance Charges
Minimum Salary Required 
