FAB Business Basic Account

On this page, we will specifically discuss the FAB Business Basic account and all its key details. With features like seamless online banking, dedicated relationship managers, and value-added benefits, this account can help businesses manage their finances with ease.

Key Features of FAB Business Basic Account

Here’s what you get when you open a FAB Business Basic account in the UAE –

• Exclusively for SME customers
• Account available in multiple currencies — 
  • AED
  • JPY
  • EUR
  • USD
  • GBP
• Free inward remittances for all currencies
• Easily access online business banking services via multiple channels
• Access to a large network of branches, cash deposit machines, and ATMs across the UAE
• Banking services available at reduced rates

How to Open an FAB Business Basic Account?

To open a FAB Business account in the UAE, you can use various channels. Let’s discuss each one in more detail below —

1.) Online Channels

Via Paisabazaar.ae

1. Submit the lead form after providing the requested details
2. Find your preferred  bank account from the list
3. Complete the steps as per the on-screen prompts to apply

Via Bank’s Website

1. Head to the official website of FAB
2. Go to the ‘Commercial Banking’ section
3. Locate the ‘Apply Now’ button on the ‘Business Banking’ page
4. Proceed with the on-screen prompts

2.) Offline Channels

Via Bank Branch Visit

Visit your nearest FAB branch and reach out to an official to open a FAB Business Basic account.

Note: To find your nearest bank branch, go to the official FAB website. Click on the ‘location’ icon or find the option for ‘branches & ATMs’.

FAB Business Basic Account — Fees and Charges

Tabled below are the major fees and charges of the FAB Business Basic account — 

Fee Type	Charges
Monthly Maintenance Fee	AED 250
Fall Below Fee (Monthly)	AED 100
Account Closure Fee (within 12 months)	AED 150
Internal Fund Transfer	Free
Cheque Deposit	Free
Inward Remittances in Local Currency	Free
Inward Remittances in Foreign Currency	Free
Monthly Account Statement	Free
Debit Card Issuance	Free
Teller Transaction	First 2 transactions — Free Post 2 Transactions — AED 10 per transaction
Foreign Currency Cash Deposit/ Withdrawal	1% for all FCY currency
Additional Cheque Book Issuance A	AED 1 per leaf
Standing Instructions Set Up Charges	AED 50

FAB Business Basic Account — Terms and Conditions

Here are the major terms and conditions of the FAB Business account —

• The availability, eligibility criteria, and conditions for any service are determined by the bank and subject to applicable laws
  • The bank reserves the right to modify a service or change an account’s category or type at any time, for any reason
• All services provided by the bank are offered solely at its discretion
  • The bank may, without liability or penalty, refuse to provide or continue any service
  • Where permitted by law, the bank will endeavor to explain any such refusal or discontinuation
• Customers may open one or more accounts, subject to these general conditions and any applicable specific conditions
  • The bank may also require the customer to open a specific account to access certain services
  • Each account may have different eligibility criteria and conditions, including the bank’s right to combine and consolidate accounts
  • Consequently, obligations such as maintaining a minimum balance or fulfilling margin calls on one account may still apply, even if another account holds a credit balance
• To open an account, the customer must submit all required forms, documents, and evidence in a format acceptable to the Bank
  • If the bank declines to open an account, it will, where legally permitted, endeavour to provide reasons for its decision
• The customer is responsible for informing the bank of any changes to the information originally provided during account opening or any updates to customer identification or due diligence documentation
  • This includes, but is not limited to, changes in name, identification documents, address, phone numbers, constitutional documents, shareholding structure, beneficial ownership, or the authority of any authorised signatories
  • The customer must submit any additional documents or evidence requested by the bank in a satisfactory format — such changes will only take effect once received and accepted by the bank

Note: Visit the bank’s official website for detailed terms and conditions.

Frequently Asked Questions