Existing ADCB account
New customers first open an ADCB Savings or Current Account.
ADCB Foreign Currency Savings Account
ADCB Foreign Currency Savings Account holds money in 19 currencies, with 0.1% a year on US dollars. Existing customers open it in the app from USD 1,500.
An existing account with ADCB is required, such as ADCB Current Account.
At a glance
The ADCB Foreign Currency Savings Account lets you keep savings in a currency other than the dirham. ADCB offers 19 currencies, among them the US dollar, British pound, euro, Saudi riyal and Japanese yen. It is useful when you are paid, or need to pay, in that currency and would rather not convert each time. Existing customers open it in the mobile app. New customers start with an ADCB Savings Account or current account. Whenever you do convert, ADCB uses its exchange rate at the date and time of the transaction.
Who can open it
Fees and balance
Minimum balance: USD 1,500 or equivalent in another supported currency. Segment relationship fees apply if the relationship criteria are not met.
Two rules decide what this account costs. First, it has a minimum balance of USD 1,500, or the same value in the currency you hold. Second, ADCB's relationship fee applies to you as a customer. That fee is zero when your total relationship balance is AED 20,000 or more, when a salary of AED 15,000 or more is credited directly, or when a smaller salary comes with an ADCB credit card, overdraft or loan. Otherwise it is AED 25 a month for a smaller salary transfer and AED 100 a month for other Aspire customers. ADCB may close an account whose balance stays under the required minimum for 90 consecutive days.
Monthly fee
Free
Total relationship balance of AED 20,000 or more, a salary transfer of AED 15,000 or more, or a smaller salary transfer with an ADCB credit card, overdraft or loan.
Monthly fee
AED 25
Salary transfer under AED 15,000 without an ADCB credit card, overdraft or loan.
Monthly fee
AED 100
Every other Aspire customer.
In plain words
- Fee levels
- The monthly fee has more than one level. The condition you meet decides which one applies, and you pay that one level only, never the levels added together. More on this
Interest
How interest works
PayoutMonthly
Calculated onLowest balance in the month
- USD balances.
How interest works
PayoutMonthly
Calculated onLowest balance in the month
- Balances in GBP, AUD, EUR, CAD, SGD, CHF, JPY, SAR, BHD, HKD, NOK, DKK, SEK, JOD, KWD, OMR, QAR and NZD.
In plain words
- Annual rate
- The rate is quoted for a full year. Money held for part of a year earns the matching part of it. More on this
- Which balance counts
- The return is worked out on the lowest balance the account held during the month, so a withdrawal lowers the return for that whole month. More on this
How your interest is worked out
US dollar balances earn 0.1% a year. Balances in the pound, euro, Australian, Canadian, Singapore, Hong Kong and New Zealand dollars, Swiss franc, yen, Saudi riyal, Bahraini, Jordanian and Kuwaiti dinars, Omani and Qatari rials and the Scandinavian currencies earn 0.05% a year. Interest is worked out on the minimum monthly balance, which is the lowest amount the account held during the month, and is paid monthly. A payment is credited only when at least USD 1, or its equivalent, has built up.
Benefits
19 Foreign Currencies
Savings can be held in 19 currencies, including US dollars, pounds and euros.
Digital Account Opening
Existing customers open the account in the ADCB mobile app or Personal Internet Banking.
Free E-Statements
Statements within the statement cycle are issued free.
How to open
Before you apply
1.Open in the app.
2.An existing account with the bank is required.
Application steps
1.Make sure you hold an ADCB Current or Savings Account.
2.Log in to the ADCB mobile app or Personal Internet Banking.
3.Select Savings Account FCY.
4.Choose your currency and complete the steps on screen.
Good to know
Good option for
Customers with income or commitments in a foreign currency who want to hold it at ADCB without converting to dirhams.
Consider another account if
You are looking for a return. The rates here are low, and an ADCB Fixed Deposit is also offered in foreign currencies.
Frequently asked questions
Get answers to common questions about the ADCB Foreign Currency Savings Account