Benefits
- One free international remittance per month
- Free cash withdrawals from any ATM in the UAE
- Four free cash withdrawals per month from any ATM outside the UAE
- First cheque book free
- No minimum balance requirement
- Temporary Islamic overdraft facility
- Available in AED and other major currencies
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 and Emirates ID (originals must also be presented)
- Copy of a valid UAE residence visa (for expatriates, original must also be presented)
- Salary certificate addressed to FAB (issued within the last 30 days)
Eligibility
- Minimum monthly salary transfer of AED 50,000 or an initial deposit of minimum AED 100,000 (balance in the account will have to be increased to AED 500,000 within the first six months) or a portfolio of mortgage finances above AED 5 million
- Salaried and non-salaried customers
- Applicant must be a UAE resident
Addition Information
- A host of benefits linked to your Elite Islamic World Mastercard debit card