Benefits
- Free FAB’s Mastercard debit card.
- A free cheque book on account opening.
- Based on the account type two types of debit cards will be provided – Standard and Platinum
- For Standard debit card holders ATM withdrawal limit is AED 10,000 and retail purchase limit is AED 20,000
- For Platinum debit card holders ATM withdrawal limit is AED 15,000 and retail purchase limit is AED 40,000
- Platinum card holders also get free lounge access at select airports
Fees & Charges
- Account Closure (Within one year)= AED 105
- Non-FAB ATM Transactions in UAE – Cash Withdrawal = AED 2.10
- Non-FAB ATM Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1.05
- 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.
- Can be salaried, self-employed or non-salaried
Addition Information
- A minimum balance of AED 3,000 needs to be maintained.
- Non-maintenance of the minimum balance would lead to a fee of AED 26.25 per month.
- Additional cheque books will be issued at an additional charge of AED 21 for 10 leaves.
- Six free ATM transactions every month. AED 10 per transaction will be charged thereafter