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UAB Current Account

United Arab Bank Account

United Arab Bank

Min. Salary

5000 AED

Min. Balance

3000

Non Maintenance Fee

25

Currencies

AED, USD, EUR, GBP

Features

Conventional Banking
Free Cheque Book
Free Debit Card
Internet Banking
Mobile Banking
Multiple Currencies

United Arab Bank Current Account is offered to both individuals and companies to provide the best banking services possible. The account can be opened in all major international currencies.

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Benefits

  • Free international Visa debit card to access funds at over 18 million ATMs 27 million shopping outlets across the globe.
  • Zero minimum balance required for salary transfer accounts
  • The account can be opened in multiple international currencies including AED, USD, Euro, and GBP.
  • A personalized cheque book facility
  • Free monthly account statements
  • Free and secure e-banking services through online banking, phone banking, ATMs, cash/cheque deposit machines

Fees & Charges

  • Account Closure (Within one year) = AED 100 (Individual), AED 105 (Corporates)
  • Non- UAB ATM Transactions in UAE- Cash Withdrawal = AED 2 per transaction
  • Non- UAB Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1 /AED 2 per transaction
  • Fee for using the ATM outside UAE and GCC = AED 10 per transaction

Interest Rates

  • A non-interest paying account.

Documents Required

  • A duly filled and signed in the application form.
  • A copy of valid passport
  • A copy of the valid Resident visa
  • Emirates ID
  • For companies – relevant documents as per bank’s discrepancy

​

Eligibility

  • Individuals above the age of 21 years.
  • Must be a resident of UAE.
  • Companies based in the UAE and are registered as
    • Sole proprietorship
    • Free zone establishment
    • General partnership
    • Public or private shareholding
    • Society
    • Association
    • Club or
    • Limited partnership

Addition Information

  • The debit card can be used at all UAB and UAE SWITCH ATMs.
  • Both withdrawals and deposits into the account can be made in all UAB branches.
  • SMS alerts for account updates and transactions.
  • The Current Account provides access to other UAB products including credit cards, overdraft, loans, and cash-secured facilities
  • A minimum monthly average balance of AED 3,000 is required for non-salary transfer accounts.
  • A ledger fee of AED 25 per month will be charged if the minimum balance is not maintained
  • For corporate accounts an opening deposit of AED 25,000 and a minimum monthly average balance of AED 25,000 are required.
  • A ledger fee of AED 262.5 per month will be charged if the minimum balance is not maintained
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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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