FAB is heavily used by UAE residents and expatriates. Because it is a big bank in UAE it is also used by Small and Medium Enterprises. Bank accounts are an important part of human life and have become necessary for every person. In the UAE, whether you are doing business or work, or just visiting, you may need a bank account. In today’s article, we will tell you how you can open an FAB bank account online or offline.
Also, FAB (First Abu Dhabi Bank) will discuss with you the types of bank accounts, Eligibility, and other important matters. Read today’s complete article to open an FAB bank account in UAE and open the account without any hassle۔
Eligibility Requirements
FAB Bank is the largest bank in UAE which is mostly used for business. Opening an FAB Bank account in the UAE is a straightforward and hassle-free process. Before opening an FAB bank account there are some things to keep in mind.
| Eligibility Requirements | |
|---|---|
| Eligibility | You must be 18 years old |
| Minimum Balance | Fees vary by account. |
| Fees | Fees vary by account. |
| Documents | Emirates ID, proof of address, proof of income, passport, visa (if applicable) |
To open your account in FAB or any bank account in the UAE, you must have an Emirates ID, Proof of Address, Proof of Income, Passport, and Visa (if applicable). Without it, you cannot open a bank account in UAE.
FAB Bank Accounts Types
Here are some different types of FAB bank accounts in the UAE. You can choose an account based on your needs and financial goals. All FAB bank account types and their benefits are explained below. You can open an FAB account by selecting the bank account per your requirement.
- FAB Current Account: This is the most common bank account. Great for day-to-day transactions in your account. In this account, you get a debit card and checkbook. You can withdraw money from ATMs using a debit or credit card, shop at point-of-sale (POS) terminals, and conduct online transactions.
- FAB Salary Accounts: Receive your salary directly into this account and enjoy benefits like waivers on minimum balance requirements or free debit cards.
- FAB Savings Account: This account is for saving and earning interest on some amount. You can make regular deposits in the FAB Savings Bank Account and grow your savings.
- FAB Fixed Deposit Account: This account is great for people who want to keep their money for a long period. You deposit a fixed amount in a fixed deposit account and then after a long period you get back that amount plus interest compounded on the amount. Fixed deposit accounts earn higher interest than savings accounts.
- FAB Islamic Banking Accounts: Islamic banking is also very popular in the UAE. Islamic banking works according to Shariah principles. Instead of the interest found in traditional banking, Kya offers profit-sharing agreements and investment products.
Open FAB Bank Account
If you have all the documents mentioned above available and you have selected your preferred account, now you can open your account with the FAB Bank online app or by visiting the branch, both methods are described below.
Online Banking
- Download the FAB mobile app from your mobile
- Enter your registered number in the app to open an account
- Enter the OTP received on the number into the app
- Upload your Emirates ID, address proof, and passport photos using the app
- Provide proof of income in salary account
- Wait for the account to be approved
Visit Branch
- Visit any nearby FAB branch
- Carry Emirates ID, Proof of address, Proof of income, Passport, and Visa (if applicable).
- Meet with a bank representative.
- Fill out the account opening form
- Submit the required documents & identification
- If possible, deposit some funds into your account
- Wait for receipt of checkbook & ATM card
FAB bank account can be opened with the help of the 2 methods mentioned above.
Funding Your Account
FAB bank account has no minimum deposit limit. But still, if you want to deposit some funds in your account you can do it. It will also help you get your bank account number. Don’t hesitate to receive your ATM card, or checkbook from the bank in 5-7 days.
How to check FAB balance online
There are many ways to check FAB bank balance, one of which is the online method. After downloading the FAB Bank app on your mobile, sign in to the app. After entering the credentials in the app you will receive an OTP on your registered number Enter your OTP in the app. Once the dashboard of the app opens, click on My Cards and check your current balance.
Conclusion
Opening a bank account in the UAE is an easy and convenient process. This will make you feel good about managing your financial life. It will help you to live and earn in UAE and with the help of the app you can check your FAB bank balance anywhere.
With the help of all the information given in this article, you can open an FAB bank account in a few minutes. If you have any other queries, you can contact the FAB bank directly.
FAQs
If you have an Emirates ID, proof of address, proof of income, passport, and visa, you can open your account online and by visiting a branch.
There is no minimum salary limit to open an FAB bank account in UAE. Even a minimum wage earner can open this bank account.
There are a total of 5 types of FAB bank accounts including Current, Savings, Fixed Deposit, Islamic Banking, and Salary Accounts.
