Open Bank Account Online UAE: If you are planning to open a bank account in UAE and you do not know whether you should open a savings account, open a current account, open a company account, then this information is going to be very special for you, here you will be helped in choosing the right option. Will be told about. By opening a bank account inside UAE, you will be given all these facilities:
- Zero Balance Account: No worries about maintaining any minimum balance!
- Bank accounts in Dubai and across the UAE: Manage your money safely and easily.
- Virtual & Physical Debit Card: Convenient for both online and offline purchases.
- Chance to Win AED 1 Million a Month: Don’t miss your chance to get lucky!
Bank accounts let you store your money and save it for the future. Additionally, you can also earn interest on your deposited amount at competitive rates. There are many types of bank accounts available in the United Arab Emirates (UAE), including savings accounts, current accounts, business accounts, etc. In this post, you will be told the complete process about opening a bank account inside UAE. Here the type of bank account, eligibility criteria, necessary documents, information related to the bank account, everything will be told, so stay with us till the end.
Types of bank accounts in UAE
You can open many types of bank accounts inside the UAE. Here you get the options of Current Account, Saving Account, Business Account, Salary Account. Below we have given information about the types of all these accounts and also told which bank. It is giving you the facility to open the best account. The information given here has been given after doing a lot of research, so read this information till the end.
| Sr No | Details |
|---|---|
| 1 | Open Current Accounts |
| 2 | Open Savings Accounts |
| 3 | Open Business Accounts |
| 4 | Open Salary Accounts |
1. Open Current Accounts
A current account in the UAE is designed for everyday financial transactions, providing easy access to funds through ATMs, online banking and branch services. This usually includes a chequebook, a debit card and facilities for money transfer and bill payment. This flexibility and range of features helps individuals and businesses manage their finances and daily transactions efficiently. Below are the best current bank accounts to open in UAE:
1. FAB Personal Current Account
You can open your personal current account in First Abu Dhabi Bank. This savings account can be opened online in just 5 minutes through your smartphone sitting at home without visiting the branch. Some of the facilities available in this savings account are as follows:
- Minimum balance – AED 3,000
- First check book free
- Daily ATM cash withdrawal limit AED 15,000
- Free access to select airport lounges for FAB Platinum MasterCard debit card users
2. HSBC Advance Account
You can open your advance account in HSBC Bank. This account can be opened online in just 5 minutes through your smartphone sitting at home without visiting the branch. Some of the facilities available in this savings account are as follows:
- Free overdraft facility up to AED 100,000
- Minimum balance AED 100,000
- Free international money transfers
- Unlimited ATM Withdrawals
3. FAB One Account
One current account can be opened in First Abu Dhabi Bank. In this account you do not need to maintain any kind of balance, here you are given the facility of a zero balance account. This account can be opened from your mobile within 5 minutes. After opening the account, you can use mobile banking immediately. Some of the facilities available in this savings account are as follows:
- zero balance
- Many lifestyle and shopping benefits
- Earn 40 FAB Rewards for every AED 100 spent
- Earn 6 FAB Rewards for every AED 1,000 average balance
4. FAB Etihad Guest Account
FAB Etihad Guest Account can be opened online at First Abu Dhabi Bank. You do not need to maintain any balance in this account. Here also you are given the facility of zero balance. Some of the facilities available in this account are: The type is:
- zero minimum balance
- Four free local money transfers per month
- 500 bonus Etihad Guest Miles on first salary transfer
- 1.5 Etihad Guest Miles for every AED 1,000 average balance
5. FAB Elite Current Account
You can also open a FAB Elite current account with First Abu Dhabi Bank. Here you are given the facility of a free cheque book and debit card. Apart from this, cashback offers are also given at some places. You do not need to maintain any kind of balance in this account. Here also you get the facility of zero balance. Some of the facilities available in this account are as follows:
- Zero minimum balance
- Free Elite Gold Mastercard World Debit Card
- Unlimited Free Check Books
- Attractive rewards and offers
6. FAB Etihad Guest Elite Account
FAB Etihad Guest Elite account can be opened online through your smartphone in just 5 minutes. You are not required to maintain any balance in this account. Here also you are given the facility of zero balance account. Some of the facilities available in the account are as follows:
- Zero minimum balance
- Free Etihad Guest Signature Debit Card
- Four free domestic money transfers per month
- 1,000 bonus Etihad Guest Miles on first salary transfer
7. Al Hilal Bank Current Account
You can also open an Al Hilal Bank current account. This account is a strict compliance account. After opening the account here, you get many facilities like an ATM card and free statements. The facilities available in this account are as follows:
- Shariah-compliant current account
- Free e-Statements
- Free Cash Withdrawal at ADCB ATM
- Zero charges on local and international travel
8. Mashreq Neo Smart Account
You can open a Mashreq Neo Smart Account from your smartphone in just 2 minutes without visiting the branch. To open this account, you must have documents with you. Here you get the facility of a free debit card and cheque book. Some of the facilities available in this account are as follows:
- Free International Debit Card and Cheque Book
- Ease of opening account, no need to visit branch
- Welcome bonus up to AED 2,500
- Initial cashback up to AED 350
- Earn Salaam Points
9. HSBC Personal Banking Account
HSBC personal banking accounts can be opened without maintaining balance. Here you are given the facility of zero balance account. After opening the account, facilities like free overdraft and free cheque book are also available. The facilities available in this account are as follows:
- Zero minimum balance
- Free overdraft up to one salary or AED 50,000 (whichever is less)
- Free international money transfers
- Free Cheque Book
- Utility bill payment through online or mobile banking
- Free cash withdrawal at any bank’s ATM in UAE
Compare Current Account
Here we have given information about many types of current accounts. Now you must be wondering which current account can be good for us. Keeping this in mind, we have compared all these current accounts in the table below. The information given below will help you in choosing a better current account.
| Bank Account | Minimum Balance | Key Features |
|---|---|---|
| FAB Personal Current Account | AED 3,000 | First check book free, daily ATM cash withdrawal limit AED 15,000, free access to select airport lounges for FAB Platinum MasterCard debit card users |
| HSBC Advance Account | AED 100,000 | Free international money transfers, unlimited ATM withdrawals, free overdraft facility up to AED 100,000 |
| FAB One Account | Zero | Multiple lifestyle and shopping benefits, 40 FAB Rewards on every AED 100 spent, 6 FAB Rewards on every AED 1,000 average balance |
| FAB Etihad Guest Account | Zero | 500 bonus Etihad Guest Miles on first salary transfer, 1.5 Etihad Guest Miles on every AED 1,000 average balance, four free local money transfers per month |
| FAB Elite Current Account | Zero | Free Elite Gold Mastercard World Debit Card, Unlimited Free Check Books, Attractive Rewards & Offers |
| FAB Etihad Guest Elite Account | Zero | 1,000 bonus Etihad Guest Miles on first salary transfer, four free domestic money transfers per month, free Etihad Guest Signature Debit Card |
| Al Hilal Bank Current Account | Zero | Free cash withdrawals at ADCB ATMs, zero charges on local and international travel, free e-statements |
| Mashreq Neo Smart Account | Zero | Welcome Bonus up to AED 2,500, Initial Cashback up to AED 350, Salaam Points, Free International Debit Card and Check Book |
| HSBC Personal Banking Account | Zero | Free international money transfers, free check book, free cash withdrawal at any bank ATM in UAE, free one salary or free overdraft up to AED 50,000 |
2. Open Savings Accounts
Savings account in the UAE is a bank account that helps individuals grow their savings and provides easy access to their funds. It provides interest on deposits, thereby promoting the habit of regular savings. Account holders can avail features like online and mobile banking, money transfer, and ATM access. Savings accounts often come with no minimum balance requirements and make deposits and withdrawals easy. Below are the best savings accounts to open in UAE:
1. Emirates Islamic Kunoos Savings Account
You can open Emirates Islamic Kunooz Savings Account in just 5 minutes. You can start using internet banking and mobile banking immediately after the account is opened. The facilities available in this savings account are as follows:
- Minimum balance AED 3,000
- Internet Banking and Mobile Banking included
- Weekly Cash Prize AED 10,000
- Quarterly Cash Prize AED 1,000,000
2. Liv Savings Account
You can open a Liv Savings Account in just 5 minutes using the mobile application of this bank. Internet banking support is available immediately after the account is opened, with the help of which you can send money. This savings account has been specially designed keeping in mind the needs of the students. Some of the facilities available in this account are as follows:
- Minimum balance AED 3,000
- Free for students up to 23 years
- Free Credit Card and Debit Card
- Internet Banking Available
3. Al Hilal Banking Savings Account
In Al Hilal Banking Savings Account, you are also given the facility of zero balance account where you do not need to maintain any kind of balance, here you also get the facility of free statement. The facilities available in this savings account are as follows. : :
- Shariah-compliant savings account
- Free e-statement
- Monthly profit distribution
- Zero minimum balance
- Free local and international transfers
4. FAB iSave Account
First Abu Dhabi Bank is the largest bank in Dubai which allows you to open FAB iSave account. Here also you do not need to maintain any kind of balance. Apart from this, you are also given the support of zero balance account. The facilities available in this budget account are as follows.
- Shariah-compliant savings account
- Zero minimum balance
- No restrictions on withdrawals
- Available in AED only
- Quick Account Opening
5. HSBC Savings Account
In HSBC Savings Account, you are given the facility of International Visa Debit Card. Here, after opening the account, online banking, internet banking, 24 hours customer support service, facility of depositing money through ATM card is also available. The facilities available in this savings account are as follows. Is:
- Minimum monthly balance AED 3,000
- Free International Visa Debit Card
- Multi-currency accounts
- Access to over 50 cash deposit machines in the UAE
- Round the clock banking through online banking, phone banking, mobile banking etc.
6. Al Hilal LITE Savings Account
Al Hilal LITE Savings Account can be opened through the online process within 5 minutes. If you have a UAE passport then this process becomes even faster. After opening the account, you can avail the benefit of free statement, virtual and physical Master Debit Card. The facilities available in this account are as follows:
- Minimum balance AED 1,000
- Easy onboarding with UAE Pass
- Shariah-compliant savings account
- Free e-statement
- Get Virtual and Physical Mastercard Debit Cards
7. FAB Personal Savings Account
First Abu Dhabi Bank allows you to complete the bank account opening process in just 5 minutes through the online website. This bank has the largest number of branches in UAE from where you can transfer money, use debit card and many other banking facilities. Some of the facilities available in this account are as follows.
- Minimum balance AED 3,000
- Using the FAB Platinum Mastercard Debit Card
- Free FAB MasterCard Debit Card
- Free airport lounge access
- No need for salary transfer
8. FAB Personal Call Account
You can open your personal call account within First Abu Dhabi Bank. The process of opening an account can be completed in just 5 minutes. Here you are also given the facility of international bank account in which you do not need to maintain any kind of balance and here you can use the account facility with zero fees. The facilities available in this savings account are as follows.
- Minimum balance AED 3,000
- Multi-currency bank account
- Earn interest on maintained balance
- Minimum charges for non-maintenance of minimum balance
9. FAB Elite Savings Account
You can also open a FAB Elite Savings Account in First Abu Dhabi Bank. Zero balance account facility is available in this savings account where you do not need to maintain any kind of balance. Here also you are given the facility of an International Savings Account. The facilities available in this savings account are as follows:
- Zero minimum balance
- High cash withdrawal limit
- Competitive interest rates
- Multi-currency accounts
- ATM cash withdrawal limit AED 40,000
- Retail purchase transaction limit AED 75,000
10. HSBC Flexi Account
HSBC Flexi accounts can be opened without any balance maintenance. You are given 24 hours benefit of mobile banking, internet banking and customer support in your account. You can transfer international money from here. The facilities available in this savings account are as follows:
- No minimum balance required
- 24/7 money management with mobile banking and online banking
- Get returns of 0.50%
- Free international transfer
Compare Savings Account
Here I have told you about all those savings accounts which you can open through an easy and fast process. Now this question must have come to your mind: which savings account will be good for us in view of this problem. We have created a table below to help you get an idea of which account would be better for you:
| Bank Account | Minimum Balance | Key Features |
|---|---|---|
| Emirates Islamic Kunooz Savings Account | AED 3,000 | Weekly Cash Prize AED 10,000, Quarterly Cash Prize AED 1,000,000, Internet Banking & Mobile Banking |
| Liv Savings Account | AED 3,000 | Free for students up to 23 years, Free Credit Card and Debit Card, Internet Banking |
| Al Hilal Banking Savings Account | Zero | Monthly profit distribution, free e-statements, free local and international transfers |
| FAB iSave Account | Zero | No withdrawal restrictions, instant account opening, available in AED only. |
| HSBC Savings Account | AED 3,000 | Free International Visa Debit Card, Multi-Currency Accounts, 24 Hour Banking |
| Al Hilal LITE Savings Account | AED 1,000 | Free e-Statements, Virtual and Physical MasterCard Debit Cards, Easy Onboarding |
| FAB Personal Savings Account | AED 3,000 | Free FAB Mastercard Debit Card, Free Airport Lounge Access, No Salary Transfer Required |
| FAB Personal Call Account | AED 3,000 | Multi-Currency Bank Account, Earn Interest, Minimum Fees |
| FAB Elite Savings Account | Zero | High cash withdrawal limits, competitive interest rates, multi-currency accounts |
| HSBC Flexi Account | Zero | 24/7 wealth management, 0.50% returns, free international transfers |
3. Open Business Accounts
A business account in UAE is designed for companies to manage financial transactions efficiently. It is a type of current account that makes daily money management easier. You can transact in multi-currency, enjoy online banking and get assistance from dedicated relationship managers. You can also access money transfers, payroll management and bill payments.
Information about the banks in which business accounts can be opened within UAE is given in the table below, which is as follows:
Here’s the table as requested:
| Bank Name | Account Name |
|---|---|
| Emirates NBD | ENBD Prime Banking |
| Abu Dhabi Commercial Bank | ADCB Premium Current Account |
| First Abu Dhabi Bank | FAB Business Advantage Account |
| Abu Dhabi Islamic Bank | ADIB Business Elite Account |
| Commercial Bank of Dubai | CBD My Business Account |
4. Open Salary Accounts
A salary account in the UAE is designed for employees to receive their monthly salaries and does not require a minimum balance. Apart from easy access to funds through ATMs, online banking, and mobile banking, you can also enjoy the benefits of salary accounts in UAE such as priority loan rates and overdraft facilities.
Information about the banks in UAE in which you can open your salary account and the name of the account is given in the table below, which is as follows:
| Bank Name | Account Name | Minimum Wage Requirement | Minimum Balance Requirement |
|---|---|---|---|
| Abu Dhabi Islamic Bank | ADIB Current Account | NA | AED 3,000 |
| Standard Chartered Bank | SCB Salary Account | NA | AED 0 |
| Emirates Islamic Bank | EIB Current Account | NA | AED 0 |
| RAKBANK | RAK Salary Transfer Account | AED 5,000 | NA |
| Emirates NBD | ENBD Standard Current Account | NA | AED 3,000 |
How to Open a Bank Account Online in UAE through Mobile App?
If you want to open your bank account online within UAE, then you can use the mobile application. By following the step by step process given below, you will be able to open your bank account:
Step 1: Download the App
First, download the mobile app of the bank in which you want to open an account. Search and download the official app of the bank by visiting App Store (for iOS users) or Google Play Store (for Android users).
Step 2: Register in the app
After installing the app, open the app and click on the ‘Register’ or ‘Sign Up’ option. Enter the required details such as your name, email address, and phone number.
Step 3: Identity Verification
To verify your identity, the bank will ask you to upload photos or scans of certain documents. These may include the following:
- Valid Emirates ID
- Passport
- Proof of address (such as a utility bill or bank statement)
- Salary Certificate (if required)
Step 4: Select Account
Choose the account that suits you best from the various account options available with the bank. It can be a salary account, savings account, or current account.
Step 5: Fill the Application Form
Fill the application form for the selected account. This may include your personal information, contact information, and other necessary details.
Step 6: Agree and Terms
Read and understand the bank’s terms and conditions carefully. Next, tick the consent box and click ‘Submit’ or ‘Next’.
Step 7: Additional Information and Documents
If the bank requires any additional information or documents, you will be informed about the same. Upload the required documents and confirm all the details.
Step 8: Account Activation
After the bank reviews your application and documents, your account will be activated. You will receive the account number and other details via SMS or email.
Step 9: Debit Card and Cheque book
Once the account is activated, the bank will provide you with a debit card and cheque book. You can receive these by post or can also collect them from the bank branch.
Step 10: Mobile Banking and Online Banking Setup
Now you can access your bank account through mobile banking and online banking. Login to the app, set up your username and password, and start using banking features.
Features and benefits of bank account in UAE
There are many benefits of opening a bank account in UAE. On opening a bank account here, many types of features are also available in the bank. The information about the benefits you will get after opening a bank account inside UAE is as follows:
- Easy Bill Payment
Having a bank account makes paying bills easier. You can pay your electricity, water, and other bills directly from your account, saving time and effort.
- Convenient Transactions
Bank account in UAE simplifies money management and transactions. You can easily deposit funds, withdraw funds, and perform other financial transactions.
- Keep Money Safe
Keeping money in a bank account ensures that your money is safe from theft or loss. Your money remains safe in the bank and you can withdraw it whenever you want.
- Effective Strategy for Saving
A bank account is one of the smartest ways to save money. It has the potential to grow your savings through regular deposits and interest rates.
- Debit card use
A debit card linked to your bank account in the UAE serves as a convenient tool to access your funds. You can withdraw cash from ATMs and shop easily in stores.
Eligibility Criteria to Open a Bank Account in UAE
If you live in UAE and want to open your bank account for any of your needs, then you have to follow the following eligibility criteria:
- Nationality
All residents, including nationals and expatriates, are eligible to open a bank account in the UAE.
- Age
Every bank has set age criteria for opening a bank account. Generally, the minimum age is 18 years, although some banks have a minimum age of 21 years.
- Minimum wage
There is no specific minimum salary requirement to open a bank account in Dubai or any other emirate. Every bank account has its own individual criteria – some bank accounts have no minimum salary requirement.
- Salary transfer
Some financial institutions consider salary transfer as a necessary criterion for opening a bank account in Dubai. However, there are also bank accounts that do not require salary transfers from individuals.
Documents required to open a bank account in UAE
If you live in UAE and want to open your bank account, then you will need the following documents:
- For resident individuals
If you live in Dubai, then you will need these documents:
| Sr No | Required Documents |
|---|---|
| 1 | Valid Emirates ID |
| 2 | Valid Passport |
| 3 | Valid Address Proof |
| 4 | Latest Bank Account Details |
| 5 | Salary Certificate |
- For non-resident individuals
If you live outside Dubai and your home country is another country then you will need these documents:
| Sr No | Required Documents |
|---|---|
| 1 | Valid Passport |
| 2 | Valid Visa |
| 3 | Valid Proof of Employment or Self-Employment (payroll, bank statement, or business license) |
| 4 | Valid Address Proof (utility bill, bank statement, or banker’s reference letter) |
- For companies
If you want to open your account in the company then you will need these documents:
| Sr No | Required Documents |
|---|---|
| 1 | Valid Emirates ID of Authorized Signatories |
| 2 | Valid Passport of Authorized Signatories |
| 3 | Memorandum and Articles of Association |
| 4 | Power of Attorney (if applicable) |
Note: Additional documents may be asked for opening a bank account in UAE as per your bank’s requirements.
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Common Questions (FAQs) on Bank Accounts
1. Which bank accounts can be opened?
All nationals and foreigners resident in UAE can open a bank account. Saving account, current account, business account and salary account can be opened here.
2. What should be the age to open a bank account?
Generally, the minimum age to open a bank account is 18 years, although in some banks this minimum age may also be 21 years.
3. Which bank account would be better to open?
Depending on your needs and financial goals, you can choose the right bank account as per your needs, such as savings account, current account for financial transactions, business account etc.
4. On opening which savings account do we have to maintain zero balance?
In some banks, there is no minimum balance requirement for opening a savings account, so you do not have to worry about maintaining zero balance.
5. What are the facilities available on opening a bank account in UAE?
By opening a bank account, you get facilities like online banking, debit card and cheque book, so that you can easily do your money related transactions. Additionally, there may be other special features such as easy customer service, international fund transfers, and easy bill payments.
6. Can I open a bank account for my child in UAE?
Yes, many banks allow you to open a savings account for your child in the UAE. Some banks also have special accounts for children that offer higher interest rates.
7. Do I have to pay extra if my bank account remains inactive?
Most banks do not charge additional fees for inactive accounts, but you do have to maintain a minimum monthly balance to avoid monthly account maintenance fees or penalties.
8. Who will control my child’s account?
Until the child turns 18, the bank account will be operated and controlled by the signed guardian or parents. Once the child turns 18, control of the bank account will be transferred to the account holder. Note that the age for account transfer may vary between 16-21 years depending on the bank.
9. Can I close my bank account?
Yes, banks allow you to close your account. However, most banks will charge you an account closure fee if you close it within 12 months of opening the account.
10. What happens to my bank account if I die?
If you are a UAE national, the bank will freeze your account and the amount in your account will be provided to the nominee mentioned in your bank form. If you are a foreigner, your bank accounts will be frozen until probate is granted by a UAE court. Once approved by the court, the amount will be released to your nominee.
11. If I don’t use my bank account, will the bank close it?
Generally, if you have maintained the minimum balance, the bank does not interfere in your activities. However, in some cases, the bank may close your account if it remains inactive for a long period of time. If the bank decides to take any action on your account, the bank will send you a mail for immediate action.
12. Which currency can I use to open a bank account in UAE?
Different bank accounts have different currency preferences. For example, a savings account at a bank may accept USD, AED, GBP and other currencies, while a current account at the same bank may only accept AED. However, almost every bank has the option to use foreign currency. Nevertheless, it is advisable to check if payment is accepted in foreign currency in your favorite bank account.
13. Can I connect my bank account to my phone wallet?
Yes, UAE banks allow you to connect your bank account to your phone wallet to easily pay. You can pay from your bank account using Apple Pay, Ewallet, Payby, Google Pay, PayPal, Samsung Pay, and other platforms.
14. Can I transfer my funds from one bank account to another?
Yes, you can transfer the amount of your account from one bank account to another.
16. I do not have a UAE mobile number, can I open my account inside Dubai?
Yes, to open an account in UAE, you need not having a UAE mobile number. You can open the account by following the procedure given by the bank.
17. Will you have to go to the branch to open a savings account inside the UAE?
Many banks provide the process of online savings account, so that you do not need to go to the branch. But in some special situations, you may need to go to the branch if the required documents or certificates need to be submitted to the original.
4. How much minimum balance will be required to open a savings account inside the UAE?
In some banks, no minimum balance is required for a savings account, while some banks require minimal balance. This minimum balance bank ranges from bank AED 3,000, AED 5,000.
15. How will opening an online savings account inside the UAE?
It is easy to open an online savings account in UAE. You can apply through the bank’s website or mobile app. You will need to upload the required documents online and you may be validated through video calls by some banks.
Conclusion
After seeing this summary about opening and handling bank accounts in the UAE, it is clear that it is very convenient to open and handle bank accounts. It not only protects your funds, but also provides you with constant financial services and other benefits. In addition, there is an opportunity to use easy payment, financial operations and various digital options through bank account. If you are thinking of opening bank accounts in the UAE, it can help make your financial system strong and safe.
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