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