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FAB Business Accounts logo

FAB Business Accounts

Business bank account packages

Basic, Advantage and Preferred business accounts with differing balance requirements.

Explore

At a glance

Key facts

PlansBasic, Advantage and Preferred
Minimum balanceMonthly average: Basic AED 10,000; Advantage AED 250,000; Preferred AED 500,000
CurrenciesAED and major foreign currencies, including USD, GBP, JPY and EUR
Debit cardWorld Commercial Debit Card; daily ATM limit AED 50,000 and POS limit AED 75,000
Inward remittancesLocal and foreign-currency remittances included
See plans

Fees

Basic account maintenance · per monthAED 262.5
Basic below-balance charge if monthly average is below AED 10,000 · per monthAED 262.5
Advantage below-balance fee if monthly average is below AED 250,000 · per monthAED 367.5
See all fees

Use cases

Use casesBusiness accounts, International payments

Plans

Basic

AED 262.5 per month

Minimum monthly average balanceAED 10,000
Below-balance chargeAED 262.5 per month below AED 10,000
Relationship feeNo separate charge; account maintenance applies
Teller transactions includedTwo per month
Cheque booksFirst standard 25-leaf book included
Online bankingFAB Business access included

Advantage

Minimum monthly average balanceAED 250,000
Below-balance chargeAED 367.5 per month below AED 250,000
Relationship feeNo separate charge
Teller transactions includedEight per month
Cheque booksStandard 25-leaf books included
Relationship managerIncluded
Bulk AED cash handlingIncluded up to AED 1 million per day

Preferred

Minimum monthly average balanceAED 500,000
Below-balance chargeAED 525 per month below AED 500,000
Relationship feeNo separate charge
Teller transactions included20 per month
Cheque booksStandard 25-leaf books included
Bulk AED cash handlingIncluded up to AED 1 million per day

Fees

262.5AED

Basic account maintenance · per month

Basic AED 262.5 per month

262.5AED

Basic below-balance charge if monthly average is below AED 10,000 · per month

Basic AED 262.5 per month

367.5AED

Advantage below-balance fee if monthly average is below AED 250,000 · per month

Advantage AED 367.5 per month

Preferred below-balance fee if monthly average is below AED 500,000 · per monthPreferred AED 525 per month
Separate relationship fee, all three plans · per monthFree
Basic account package upgrade or downgrade, per changeBasic AED 262.5 per change
Advantage account package upgrade or downgrade, per changeAdvantage AED 525 per change
Preferred account package upgrade or downgrade, per changePreferred AED 787.5 per change
Basic account closure within six months, per closureBasic AED 157.5 per closure
Advantage account closure within six months, per closureAdvantage AED 262.5 per closure
Preferred account closure within six months, per closurePreferred AED 525 per closure
Internal teller fund transfer, all three plans · per transferFree
Foreign-currency cash deposit or withdrawal, all three plans1.05%
Basic teller transaction after two included per month · per transactionBasic AED 10.5 per transaction
Advantage teller transaction after eight included per month · per transactionAdvantage AED 10.5 per transaction
Preferred teller transaction after 20 included per month · per transactionPreferred AED 10.5 per transaction
Basic bulk AED cash deposit or withdrawal, daily aggregate AED 500,000 to AED 1 million0.105%
Basic bulk AED cash deposit or withdrawal, daily aggregate above AED 1 million0.2625%
Advantage bulk AED cash deposit or withdrawal, daily aggregate up to AED 1 millionFree
Advantage bulk AED cash deposit or withdrawal, daily aggregate above AED 1 million0.1575%
Preferred bulk AED cash deposit or withdrawal, daily aggregate up to AED 1 millionFree
Preferred bulk AED cash deposit or withdrawal, daily aggregate above AED 1 million0.105%
Cheque encashment, all three plansFree per cheque
Cheque deposit, all three plansFree per cheque
Local and foreign-currency inward remittance, all three plans · per transferFree
Basic outward UAE Central Bank telex transfer, per transferBasic AED 52.5 per transfer
Advantage outward UAE Central Bank telex transfer, per transferAdvantage AED 26.25 per transfer
Preferred outward UAE Central Bank telex transfer, per transferPreferred AED 21 per transfer
Basic outward foreign telex transfer, per transferBasic AED 73.5 per transfer
Advantage outward foreign telex transfer, per transferAdvantage AED 63 per transfer
Preferred outward foreign telex transfer, per transferPreferred AED 47.25 per transfer
OUR surcharge on foreign-currency transfer, additional to transfer and correspondent charges · per transferAED 105
OUR surcharge on domestic transfer, additional to transfer and correspondent charges · per transferAED 1.05
Basic outward remittance cancellation or amendment, per requestBasic AED 31.5 per request
Advantage outward remittance cancellation or amendment, per requestAdvantage AED 42 per request
Preferred outward remittance cancellation or amendment, per requestPreferred AED 36.75 per request
Basic payment inquiry, per inquiryBasic AED 31.5 per inquiry
Advantage payment inquiry, per inquiryAdvantage AED 42 per inquiry
Preferred payment inquiry, per inquiryPreferred AED 36.75 per inquiry
Basic SWIFT copy, per copyBasic AED 21 per copy
Advantage SWIFT copy, per copyAdvantage AED 26.25 per copy
Preferred SWIFT copy, per copyPreferred AED 21 per copy
Basic trace, change or cancellation after remittance, per requestBasic AED 31.5 per request
Advantage trace, change or cancellation after remittance, per requestAdvantage AED 42 per request
Preferred trace, change or cancellation after remittance, per requestPreferred AED 36.75 per request
Basic first standard cheque bookBasic Free per book
Basic additional standard cheque-book leafBasic AED 1.05 per leaf
Advantage standard cheque bookAdvantage Free per book
Preferred standard cheque bookPreferred Free per book
Uncollected cheque book, all three plansAED 15.75 per book
Returned cheque, all three plansAED 315 per cheque
Basic stop-cheque request, per requestBasic AED 105 per request
Advantage stop-cheque request, per requestAdvantage AED 63 per request
Preferred stop-cheque request, per requestPreferred AED 31.5 per request
Basic cheque copy, letter or offline document, per itemBasic AED 42 per item
Advantage cheque copy, letter or offline document, per itemAdvantage AED 36.75 per item
Preferred cheque copy, letter or offline document, per itemPreferred AED 31.5 per item
Basic cheque collection outside the UAE, per chequeBasic AED 105 per cheque
Advantage cheque collection outside the UAE, per chequeAdvantage AED 78.75 per cheque
Preferred cheque collection outside the UAE, per chequePreferred AED 52.5 per cheque
Basic post-dated cheque deposit, per chequeBasic AED 15.75 per cheque
Advantage post-dated cheque deposit, per chequeAdvantage AED 21 per cheque
Preferred post-dated cheque deposit, per chequePreferred AED 15.75 per cheque
Basic post-dated cheque stop-payment, per requestBasic AED 78.75 per request
Advantage post-dated cheque stop-payment, per requestAdvantage AED 105 per request
Preferred post-dated cheque stop-payment, per requestPreferred AED 78.75 per request
Basic standing-instruction setup, per instructionBasic AED 52.5 per instruction
Advantage standing-instruction setup, per instructionAdvantage AED 31.5 per instruction
Preferred standing-instruction setup, per instructionPreferred AED 21 per instruction
Internal recurring standing instruction, all three plans · per transferFree
Basic standing-instruction transfer within the UAE, per transferBasic AED 31.5 per transfer
Advantage standing-instruction transfer within the UAE, per transferAdvantage AED 26.25 per transfer
Preferred standing-instruction transfer within the UAE, per transferPreferred AED 15.75 per transfer
Basic foreign standing-instruction transfer, per transferBasic AED 73.5 per transfer
Advantage foreign standing-instruction transfer, per transferAdvantage AED 63 per transfer
Preferred foreign standing-instruction transfer, per transferPreferred AED 52.5 per transfer
Standing-instruction cancellation, all three plansAED 15.75 per instruction
Basic standing-instruction amendment, per instructionBasic AED 10.5 per instruction
Advantage standing-instruction amendment, per instructionAdvantage AED 15.75 per instruction
Preferred standing-instruction amendment, per instructionPreferred AED 15.75 per instruction
Standing-instruction cover setup, all three plansAED 31.5 per instruction
Basic standing-instruction failure, per instructionBasic AED 10.5 per instruction
Advantage standing-instruction failure, per instructionAdvantage AED 15.75 per instruction
Preferred standing-instruction failure, per instructionPreferred AED 15.75 per instruction
Basic demand-draft issuance, per draftBasic AED 31.5 per draft
Advantage demand-draft issuance, per draftAdvantage AED 21 per draft
Preferred demand-draft issuance, per draftPreferred AED 15.75 per draft
Basic demand-draft amendment, cancellation or stop, per requestBasic AED 105 per request
Advantage demand-draft amendment, cancellation or stop, per requestAdvantage AED 52.5 per request
Preferred demand-draft amendment, cancellation or stop, per requestPreferred AED 31.5 per request
Monthly statement, all three plansFree per statement
Basic duplicate statement, per page (maximum AED 210)Basic AED 10.5 per page
Advantage duplicate statement, per page (maximum AED 210)Advantage AED 10.5 per page
Preferred duplicate statement, per page (maximum AED 210)Preferred AED 5.25 per page
General account investigation, all three plansAED 31.5 per request
Basic under-formation letter, per letterBasic AED 787.5 per letter
Advantage under-formation letter, per letterAdvantage AED 525 per letter
Preferred under-formation letter, per letterPreferred AED 262.5 per letter
Account closure certificate, all three plansAED 157.5 per certificate
Other standard account letter, all three plansAED 157.5 per letter
Account confirmation letter by email, per letterAED 105 per letter*

*IBAN, reference, balance, capital, liability and no-liability confirmations.

Account confirmation letter by courier, per letterAED 210 per letter*

*IBAN, reference, balance, capital, liability and no-liability confirmations.

Account confirmation letter at a client service center, per letterAED 315 per letter*

*IBAN, reference, balance, capital, liability and no-liability confirmations.

World Commercial Debit Card issuance, all three plansAED 105 per card
World Commercial Debit Card replacement, all three plansAED 26.25 per card
FAB ATM withdrawal, all three plansFree per withdrawal
Non-FAB UAE ATM withdrawal, all three plansAED 2.1 per withdrawal
Non-FAB GCC ATM withdrawal, all three plansAED 6.3 per withdrawal
Non-FAB international ATM withdrawal, all three plansAED 21 per withdrawal
Other-bank UAE ATM balance inquiry, all three plansAED 1.05 per inquiry
Other-bank GCC ATM balance inquiry, all three plansAED 3.15 per inquiry
International debit-card transaction processing; scheme charges extra, all three plans2.7405%
Account administration for an expired trade licence, all three plansAED 420 per charge

Good to know

Package options

Mumayaz and Mumtaz cash-management packages extend these accounts; their terms are separate from the three base tiers.

International transfers

Correspondent-bank charges and exchange rates can add to the cost of international remittances.

Returned cheques

Cheque returns for insufficient funds are reported to AECB. Four or more may lead to account closure.

Account approval

FAB may request account documents and decide eligibility under its account terms.

Account currency charges

Account fees are converted to the selected currency at the AED-equivalent amount.

Important stuff

FAB commercial banking fees and charges

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FAB business accounts key facts

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FAB cash management packages key facts

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FAB general account terms (Feb 2022)

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FAB business account forms

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