FAB Elite Savings Account

Among FAB’s exclusive financial services, the elite savings account is designed for individuals seeking to maximise returns on their savings. You can earn a competitive interest rate while allowing easy access to funds. With premium privileges and seamless online banking, the FAB Bank savings account is one of the top choices among UAE residents.

Key Features of the FAB Bank Savings Account

The Elite savings account from FAB offers several valuable benefits, including:\

• Multi-currency accounts are available with no minimum balance requirement
• Earn attractive interest rates
• Applicable tiered interest rate on AED savings account

Are You Eligible for the FAB Elite Savings Account?

To qualify for the FAB Elite Savings Account, you must meet at least one of the eligibility criteria:

• AED 500,000: Total Relationship Balance
• AED 2,500,000: Mortgage
• AED 50,000: Salary transfer

Which Documents Are Required to Open a FAB Elite Savings Account?

FAB requires you to submit the following documents to open an account successfully:

• Emirates ID
• Passport
• UAE Residence Visa
• Income Proof

Note:

• 📝 Present all the valid documents
• 📝 Present the originals and copies of all documents
• 📝 Additional documents may be required

Open FAB Bank Savings Account with Paisabazaar.ae

We, at Paisabazaaar.ae, allow you to open an account conveniently. Here is how you can get started:

 

Unlock several perks with Paisabazaar.ae:

• ✔️ Availability of the customer support team to guide you with the related queries
• ✔️ Easily compare multiple accounts on the same platform and choose the ideal one
• ✔️ Open an account seamlessly in a few simple steps
• ✔️ Access our website’s ‘Articles’ section for free to fetch banking-related information

FAB Bank Savings Account- Fees and Charges

We have mentioned the major fees and charges of the Elite savings account:

Type of Fee	Charges
Account Opening Fee	Free
Relationship Fee	Free
Standing Instruction Set-Up	AED 52.50
Account Balance Letter	AED 52.50
Online Utility Payment	Free
Dormant Account Charge	Free
Liability Letter Issued to Government Departments	AED 63
Liability Letter Issued to Financial Institutions	AED 63
No Liability Certificate	AED 63
Release Letter	AED 52.50
Non-receipt of Salary	Free
Account Closure Fee (if closed within 6 months)	AED 105
Per Cycle Account Statement (Outside the agreed cycle)	AED 26.25
AED Transfers Within the UAE	AED 105

FAB Elite Savings Account- Terms and Conditions

Refer to the terms and conditions of the FAB Bank Savings account in the UAE:

• Customers may open one or more accounts, subject to general and specific terms. The bank may also require the opening of a specific account to access certain services. Different accounts may carry separate requirements, and obligations on one account (e.g., minimum balance or margin calls) may apply regardless of funds in another
• Services are offered solely at the bank’s discretion. The bank may refuse or discontinue any service without liability, and where permitted by law, will aim to explain the reason
• Services are personal to the named customer. If the customer is not the ultimate beneficiary or originator of any instruction, even for a single transaction, they must notify the bank immediately
• To open an account, customers must provide all requested documentation in a form acceptable to the bank. If the bank declines to open an account, and if allowed by law, it will aim to provide a reason
• Customers must promptly inform the bank of changes to previously submitted information, including name, contact details, ownership, or authorized representatives. Supporting documents must be provided as requested. Changes take effect only once received and accepted by the bank
• All services provided by the bank are subject to the eligibility criteria, applicable laws, and the Bank’s discretion. FAB may modify any service or change the type of account held by a customer at any time, for any reason

Frequently Asked Questions