Minimum age
18 years
FAB Personal Current Account
FAB Personal Current Account is an everyday account with a free debit card and cheque book. Keep AED 3,000 in it daily to avoid an AED 26.25 monthly fee.
At a glance
Key facts
Monthly Fee
AED 26.25/month below AED 3,000
Minimum BalanceAED 3,000
Minimum SalaryNo minimum salary
The FAB Personal Current Account is the bank's standard everyday account. Your salary or other income goes in, and you spend from it with a free FAB Mastercard debit card, a cheque book and the FAB Mobile app. It pays no interest. You can hold it in UAE dirhams or in one of ten other currencies, including US dollars, pounds and euros.
There is no minimum salary and no need to move your salary to FAB. Salaried, self-employed and non-salaried people can all apply, as long as they live in the UAE and are 18 or older. If you would rather not watch a minimum balance, the FAB One Account has none, but it asks for a salary or opening deposit of AED 10,000.
Who can open it
Residency
UAE resident
Minimum salary
No minimum
Salary transfer
Not required
Fees and balance
The account has one balance rule. Keep at least AED 3,000 in it and it costs nothing to hold. In a month when the balance goes under AED 3,000, the bank charges AED 26.25. The AED 3,000 is a minimum daily balance, so what counts is the balance on each day, not your average across the month. A foreign currency account needs the equivalent amount in its own currency.
The AED 105 closure fee is charged only if you close the account within 6 months of opening it. Your first cheque book, of up to 10 leaves, is free. Later books cost AED 21 for 10 leaves or AED 26.25 for 25 leaves.
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 below AED 3,000 minimum daily balance.
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
Free FAB Mastercard Debit Card
A debit card comes with the account at no charge, with free cash withdrawals at FAB ATMs.
Eleven Account Currencies
Hold the account in UAE dirhams or in a foreign currency such as US dollars, pounds or euros.
Account Opening on FAB Mobile
The account can be opened on the FAB Mobile app.
How to open
Before you apply
1.Open in the app.
2.No minimum salary.
3.Salary transfer is not required.
4.Minimum balance: AED 3,000.
5.Debit card included.
Application steps
1.Check that you are a UAE resident aged 18 or above.
2.Apply on the FAB Mobile app, where the account can be opened instantly.
3.Keep your Emirates ID, passport and residence visa to hand, with the originals available.
4.Provide proof of income, and any extra document the bank asks for.
5.Fund the account with at least AED 3,000 so the monthly fee is not charged.
Good to know
Good option for
UAE residents who already keep AED 3,000 or more in their main account and want a cheque book, a debit card and the option of a foreign currency account, with no salary condition attached.
Consider another account if
Your balance regularly dips under AED 3,000, because each of those months costs AED 26.25, or you want your everyday money to earn a return. You can compare accounts with no minimum balance instead.
If a cheque bounces
A cheque that is returned because the account lacks funds carries a charge and is reported to the Al Etihad Credit Bureau, which lowers your credit rating and can limit future borrowing. Four or more such returns can lead the bank to close the account.
Frequently asked questions
Get answers to common questions about the FAB Personal Current Account