Benefits
- 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.
Fees & Charges
- 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
Interest Rates
- Not applicable
Documents Required
- Copy of a valid passport or resident visa or Emirates ID
- Income proof
- Duly filled and signed account opening form
Eligibility
- 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.
Addition Information
- 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.