DIB Bank Accounts | Minimum Account Balance Required |
---|---|
FAB iSave Account | AED 3,000 |
FAB Elite Savings Account | AED 25,000 |
FAB Personal Call Account | AED 3,000 |
FAB Personal Savings Account | AED 3,000 |
The account opening process typically takes 2-3 business days once all required documents are submitted and verified. In some cases, accounts may be opened on the same day if all requirements are met.
Minimum balance requirements vary by account type. Savings accounts typically require AED 3,000-5,000, while current accounts may require AED 10,000-25,000. Salary accounts often have reduced or waived minimum balance requirements.
Yes, expatriates with valid UAE residence visas can open FAB accounts. Additional documentation such as residence visa verification may be required compared to UAE nationals.
Yes, all FAB personal account holders receive complimentary access to FAB’s comprehensive digital banking platform, including mobile banking, online transactions, and electronic statements.
Monthly maintenance fees may apply if the minimum balance requirement is not maintained. These fees vary by account type and customer segment, with premium customers often enjoying fee waivers.
FAB offers multi-currency accounts in major currencies including AED, USD, EUR, and GBP, allowing you to manage funds in different currencies through a single banking relationship.
Maintaining the required minimum balance, setting up a regular salary transfer, or qualifying for premium banking relationships are common ways to avoid or reduce monthly maintenance fees.
FAB offers select remote account opening services for certain customer segments. However, complete verification and activation typically require in-person verification at a branch once you arrive in the UAE.