Minimum salary
AED 5,000/month
ADIB Electron Account
ADIB Electron Account is a simple Sharia-compliant current account for new UAE residents, which you can open while your residency is still in process.
At a glance
Key facts
Monthly Fee
AED 26.25/month below AED 3,000
Minimum BalanceAED 3,000
Minimum SalaryAED 5,000
Account access
Debit card included.
You can apply while your UAE residency is being processed.
ADIB Electron Account is a basic current account built for people who have just moved to the UAE. You can apply while your residency is still under process, which is the main thing that separates it from the ADIB Current Account. You get a Visa debit card for spending and cash withdrawals, plus mobile, internet and SMS banking. It does not come with a cheque book. Like ADIB's other current account, it runs on Qard Hasan: the money you deposit counts as a loan to the bank, which must hand it back whenever you ask, and the balance earns no profit. You declare a monthly salary of AED 5,000 or more when you apply.
Who can open it
Fees and balance
Your first calendar month is free of any balance requirement, which gives a new arrival time to get a salary flowing in. After that, ADIB looks at the closing balance of every day. A month in which it stays at AED 3,000 or above costs nothing. A month in which it slips under AED 3,000 costs AED 26.25. If you opened after the 20th of a month, the first month the fee can apply is the third one. An account that pays an active ADIB auto, personal or home finance instalment is not charged, and neither is one that receives a pension. If you close the account in its first 6 months, there is an AED 105 closure fee.
Minimum balance
AED 3,000
Monthly fall-below fee
AED 26.25
How to avoid the monthly fee Meet any one of these conditions.
- Keep a balanceBalance of AED 3,000 or more
- Other exemptionsCharged from the second month (the third if opened after the 20th). Waived for an account paying an active ADIB auto, personal or home finance instalment, or receiving a pension; minimum daily balance is zero in the opening month.
Account closure fee
AED 105
Charged only within 6 months of opening.
In plain words
- Fall-below fee
- A monthly charge for holding less than the balance the bank asks for. Here it is AED 26.25, charged in a month when your balance is under AED 3,000. It is not charged in a month when you stay at or above that amount. More on this
- Account closure fee
- A one-off charge of AED 105 for closing the account within 6 months of opening it. Closing it later costs nothing. More on this
Benefits
Visa Debit Card
Visa debit card in AED, with the first card issued free
Mobile, Internet and SMS Banking
Manage the account in the ADIB app, online or by SMS
Shariah-compliant
Banking model
How to open
Before you apply
1.You can apply while your UAE residency is being processed.
2.Minimum salary: AED 5,000/month.
3.Minimum balance: AED 3,000.
4.Debit card included.
Good to know
Good option for
New residents who need a working account and debit card before their residency paperwork is finished, and who expect to keep at least AED 3,000 in it.
Consider another account if
You write cheques, since this account has no cheque book, or you want profit on your money. For a wider view, compare current accounts across UAE banks.
Frequently asked questions
Get answers to common questions about the ADIB Electron Account