ADCB bank offers a range of options when it comes to opening a savings account. Starting from its competitive profit rates to alluring touchpoint, ADCB Bank comes with a wholesome savings account offers. It also has the monetary lucky draw offers with the selected savings account.
Here are the different types of ADCB Savings Account available in the UAE –
ADCB Savings Account
Millionaire Destiny Savings Account
Emirati Millionaire Savings Account
ADCB Active Saver Account
ADCB Savings Accounts - Features and Benefits
The key features of ADCB Savings Accounts include:
AED accounts earn profits up to 1.15%
USD accounts earn up to 0.85%
GBP accounts earn up to 0.75%
Types of Savings Accounts
Features and Benefits
price
ADCB Savings Accounts
Available for both non-residents and UAE nationals
Accounts available in USD, AED and other specific currencies
E-statements are free within the statement cycle
AED savings account holder receives a debit card
Get touchpoints on an average monthly account balance of AED 10,000 or above
Eligibility Criteria to Open an ADCB Bank Savings Account in UAE
For opening any account in the UAE, the applicant needs to fulfil the eligibility criteria specified by the financial institution. The following are the eligibility requirements to open different types of ADCB Savings Account –
Types of Salary Accounts
Eligibility Criteria
ADCB Savings Account
Minimum monthly salary of AED 5000 for UAE residents
Millionaire Destiny Savings Account
A minimum average monthly balance of AED 5,000 is required for the prize draws
Emirati Millionaire Savings Account
Only Emiratis can apply
To be eligible for the prize draws, a minimum average balance of AED 5,000
Active Saver Account
UAE residents and nationals having a valid visa
Aged 21 or above
Must be an ADCB savings and current account holder
Not eligible for minors and joint accounts
How to open an ADCB bank Savings Account in the UAE
An applicant can open a bank account with the ADCB bank in the UAE via three ways-
Getting in touch with the nearest branch of the ADCB bank
Through phone banking
Through internet banking
Documents Required to Open an ADCB Bank Account
The minimum documents required are:
Types of Salary Accounts
Documents Required
ADCB Savings Account
Residents of the UAE-
Original passport of the applicant
Resident visa (valid for more than a month)
Original Emirates Identity Card of the applicant
Salary certificate of the applicant
Non-residents of UAE-
Original passport
Copy of the e-gate card and visit visa
Applicant’s bank statement (stamped) of 3 months with the existing bank
Introduction letter from an existing ADCB customer of more than a year
What is the benefit of getting an account through Hayyak?
Hayyak is an app of ADCB to provide convenient banking services. It is simple and fast. You can also earn touchpoints with Hayyak.
How can I earn touchpoints with Hayyak accounts?
Hayyak account offers touchpoints for opening an account, transferring your salary and on your first purchase with the credit card
Can the Active Saver account be held by a business customer?
No, business customers cannot open an active saver account. Active Saver account can only be held by individual customers of the bank.
Is the Active Saver Account Sharia compliant?
Yes, Active Saver is Sharia compliant. It follows all the rules of Islam.
What is FATCA?
FATCA is a foreign account tax compliance act. This law is enforced in the USA to address tax abuse by US citizens holding an account outside of the USA.
Does the ADCB bank implement FATCA?
Yes, the ADCB bank implements FATCA with compliance to the UAE central bank. All the subsidiaries and branches of ADCB bank complies with FATCA.
Is every customer eligible for the lucky draw of the ADCB savings account?
No, not every customer is eligible for the lucky prize draw. Only the customers of specific millionaire savings account can partake in the lucky prize draw. Also, the customers are required to have a specific ADCB savings account minimum balance to be eligible for the lucky draw.
Is the prize of a million AED given out every month?
In the case of the ADCB Millionaire Savings Account, the winner of the lucky draw can win AED 1 million AED in every six months.
What is the minimum salary requirement for the UAE residents to open savings and call account in the UAE with the ADCB bank?
The minimum salary required for the residents of UAE to open a Savings and Call account with the ADCB bank is AED 5000.
How many types of savings accounts are there with the ADCB bank in the UAE?
There are 5 types of savings accounts with the ADCB bank. These accounts are- ADCB Savings and Call accounts, ADCB Millionaire Destiny Savings account, Emirati Millionaire Savings account, Active Saver Account and ADCB Hayyak account.
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