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.