FAB Elite Current Account

• No minimum balance required. Zero maintenance fee.
• Can be opened in multiple currencies.
• One free international remittance every month.
• Free debit card – Elite Gold Mastercard World debit card with high withdrawal limits and free ATM transactions.
• Unlimited cheque books can be availed
• FAB Reward points on every debit card spend and average account balance.
• Exclusive lifestyle rewards powered by Mastercard.

• Account Closure (Within one year)= AED 105
• Non-FAB ATM Transactions in UAE – Cash Withdrawal = 0
• Non-FAB ATM Transactions in UAE – Balance Inquiry / Declined Transaction= AED 0
• Fee for using the ATM outside UAE and GCC = 1% of the transaction amount + scheme charges

• Not applicable

• Copy of a valid passport or resident visa or Emirates ID
• Income proof
• Duly filled and signed account opening form

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• Must be a resident of UAE.
• The total relationship balance (TRB) must be AED 500,000 or a mortgage of AED 500,000 or a salary transfer of AED 50,000.

• The total relationship balance includes the total of current/savings/call account balance + fixed deposits + investments.
• Debit card limits – Withdraw up to AED 25,000 every day and purchase up to AED 75,000 every day.
• Free cash withdrawals from any ATM across UAE.
• Four free cash withdrawals every month from any ATM outside the UAE
• 60 FAB reward points on every AED 100 spent locally and 120 points on every dirham spent internationally.
• 8 FAB reward points for maintaining an average account balance of AED 1,000. Earn up to a maximum of 150,000 points per month.
• Accrued FAB reward points can be redeemed for shopping, cashback, utility bill payments, dining out, travel, etc.