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FAB Elite Savings Account

FAB Bank

FAB

Min. Salary

50000 AED

Min. Balance

0 AED

Interest Rate

0.07%

Non Maintenance Fee

0 AED

Features

Conventional Banking
Free Debit Card
Internet Banking
Mobile Banking
Multiple Currencies
Zero Balance Account

FAB Elite Savings Account is tiered interest savings account with no minimum balance. Earn FAB rewards on daily spends using the debit card.

Apply Now

Benefits

  • An account with no minimum balance
  • Competitive tiered interest rates on savings.
  • Free Elite World MasterCard Debit Card
  • Exclusive benefits and offers for Mastercard holders for more savings.
  • Free cash withdrawals from any ATM in the UAE and four free cash withdrawals per month from any ATM outside the UAE
  • One international remittance free per month.
  • ATM cash withdrawal limit AED 25,000 and retail purchase transaction Limit AED 75,000

Fees & Charges

  • Account Closure = AED 105
  • Non-FAB ATM Transactions in UAE- Cash Withdrawal = AED 2.1
  • Non- FAB Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1.05
  • Fee for using the ATM outside UAE and GCC =AED 21

Interest Rates

  • Interest Rate = 0.07%

Documents Required

  • Account opening form fully completed
  • Valid Passport
  • Resident Visa
  • Emirates ID
  • Proof of income

Eligibility

  • AED 500,000 for Elite Eligibility or AED 50,000 for Salary Transfer, or Total Relationship Balance 2,500,000 AED. 

Addition Information

  • Earn FAB rewards when you spend using the debit card
  • Earn 60 FAB Rewards for every AED 100 you spend domestically and 120 FAB Rewards for every AED 100 you spend internationally.
  • Instant redemption from an extensive selection of rewards such as shopping, cashback, paying your utility bills, dining out or booking your next holiday.
Apply Now

Disclaimer: Information found on saverfox.com is provided for illustrative purposes only, rates are subject to change based on your personal circumstances. You should always speak to a trained professional before applying for any financial product

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