Open Online FAB Personal Savings Account in UAE, Dubai

Opening a bank account is a smart step towards financial security and growth. It not only helps you save but also ensures your money remains secured, all while earning interest over the time. If you’re residing in the UAE, you have a wide range of bank accounts to choose from across multiple banks.

One such financial institution is First Abu Dhabi Bank. The FAB’s personal banking category offers three account types, savings, current, and deposit. Here, we have discussed detailed information of FAB Bank personal savings account.

FAB Personal Savings Account- Key Features

The key perks of a FAB Bank savings account are mentioned below:

Open a bank account in AED, GBP, CAD, EUR, AUD, and USD currencies
Earn interest rates on your account
Get a FAB Mastercard debit card for free
Maintain a minimum monthly balance of only AED 3,000 or equivalent

FAB Personal Savings Account Requirements in UAE

Eligibility Criteria

You must fulfil the following eligibility criteria for opening a FAB Bank savings account in the UAE:

Minimum Age	18 years
Status of Employment	Self-employed Salaried Non-salaried
Nationality	UAE Nationals GCC National Resident Expatriates Non-residents

Documents Checklist

These are the documents required for bank account opening application verification:

✅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

With Paisabazaar UAE, you can explore and compare top banking options effortlessly. With us, complete your bank account opening process effortlessly in just a few minutes- quick, simple and stress-free. Here’s how it works:

Step 1

Complete the lead form

Click here and provide your personal details in the form.

Step 2

View the Quotes

Get directed to the quotes as per the preferences you provided

Step 3

Compare & Choose

Shortlist similar accounts, compare them and select one.

Step 4

Apply

Hit the ‘Apply’ button and proceed with the given instructions.

Seamless Banking with Paisabazaar UAE

We ensure you have hassle-free experience with us. Here is what you can expect with Paisabazaar UAE.

☑️Top bank account options from prominent financial institutions across the UAE
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FAB Bank Savings Account- Fees and Charges

Tabled below are the primary fees and charges of the FAB Bank personal savings account:

Type of Fee	Charges
Account Opening Fee	Free
Relationship Fee	Free
Online Utility Payment	Free
Dormant Account Charge	Free
Non-receipt of Salary	Free
Breach of Minimum Monthly Balance	AED 26.25
Account Closure Fee (if closed within 6 months)	AED 105
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
Per Cycle Account Statement (Outside the agreed cycle)	AED 26.25
AED Transfers Within the UAE	AED 1.05
Standing Instruction Set-Up	AED 52.50
Account Balance Letter	AED 52.50

FAB Bank Savings Account- Terms and Conditions

Mentioned are some of the terms and conditions of the FAB savings account. For detailed info, refer to the bank’s website.

All services provided by the bank are subject to 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
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
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 held in another
To open FAB Bank 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 any 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

Frequently Asked Questions

Yes, you get complimentary access to airport lounges without any prior booking.

Unfortunately, the bank account is not available in JPY currency.

The formula for calculating interest is as follows:

Minimum Monthly Balance x Applicable Interest Rate x Number of Days/ 360

The bank allows a daily withdrawal limit of AED 15,000 on the card.

Yes, since you’re closing the account within 6 months of opening it, the bank will charge a fee of AED 105.

The minimum balance must be AED 3,000. If you breach the minimum balance, you will be required to pay a monthly fee of AED 26.25 or an equivalent amount in foreign currency.

You can use up to AED 40,000 per day.