Many people living in the UAE may need a bank account that doesn’t require maintaining a minimum balance and provides all banking facilities. If you also want to open a zero balance savings account within Dubai, then this post is for you!
In this post, we will provide you with a comprehensive list of zero balance accounts available in the UAE. We will also tell you what services these accounts offer and which account might be best for you.
What is a Zero Balance Account?
A zero balance account is a type of savings account that does not require you to maintain a minimum balance. This means you can deposit as much or as little money as you want into the account.
Benefits of a Zero Balance Account:
- No minimum balance requirement: Ideal for those who do not have a large amount of money to deposit in the bank.
- Lower fees: Zero balance accounts typically charge lower fees compared to accounts that require a minimum balance.
- Convenience: Manage your account through online banking, mobile banking, and ATMs.
- Encourages savings: Opening a zero balance account can encourage you to save money little by little.
A List Of Zero Balance Accounts In UAE
Zero balance bank accounts are perfect for those who want to deposit their money at interest, take advantage of features like online banking and mobile banking, track their expenses and more.
Here is a list of zero balance accounts offered by all the popular banks inside the UAE:
| Bank Name | Account Name |
|---|---|
| Abu Dhabi Commercial Bank | ESaver Account |
| Abu Dhabi Islamic Bank | Hayat Account |
| Ajman Bank | Sahl Account |
| Al Hilal Bank | Student Account |
| Al Maryah Community Bank | Everyday Account |
| Al Masraf Arab Bank for Investment & Foreign Trade | Wise Account |
| Bank of Sharjah | Easy Saver Account |
| Commercial Bank International | eSaver Account |
| Commercial Bank of Dubai | Smart Account |
| Dubai Bank | Dubai Saver Account |
| Dubai Finance Bank | Easy Saver Account |
| Dubai Islamic Bank | Dubai Islamic Saver Account |
| Emirates Investment Bank | ESaver Account |
| Emirates Islamic | Savings Account |
| Emirates NBD | Liv Account |
| First Abu Dhabi Bank | SAVE Account |
| Invest Bank | Invest Saver Account |
| Mashreq | Neo Account |
| National Bank of Fujairah | Easy Saver Account |
| National Bank of Ras Al-Khaimah PJSC (RAKBANK) | eSaver Account |
| National Bank of Umm Al-Quwain | NBU Saver Account |
| Noor Bank | Noor Saver Account |
| Sharjah Islamic Bank | Sahl Account |
Note: The above table gives a comprehensive list of zero balance accounts in UAE, banks may change their policies and charges from time to time in future, hence you should always contact the concerned bank for latest information. You must keep this in mind.
| Also Read | Mashreq Bank Easy Saver Account |
Top 5 Zero Balance Savings Accounts in the UAE
If you’re looking for a savings account in the UAE that doesn’t require maintaining a minimum balance and avoids account maintenance fees, this guide provides a detailed overview of the best options available. Each bank offers unique benefits, ensuring you find the right fit for your financial needs.
| Bank Logo | Bank Name | Zero Balance Savings Accounts in the UAE |
|---|---|---|
 | Abu Dhabi Commercial Bank (ADCB) | ● Zero account maintenance fees ● No minimum balance requirements ● Debit cards ● Mobile banking included |
 | Abu Dhabi Islamic Bank (ADIB) | ● Zero account maintenance fees ● No minimum balance requirements ●Debit cards ● Mobile banking included |
 | Emirates NBD | ● Zero account maintenance fees ● No minimum balance requirements ● Free debit cards ● Online and mobile banking ● 24/7 customer support |
 | Dubai Islamic Bank | ● Zero account maintenance fees ● No minimum balance requirements ● Free debit cards ● Mobile banking included ● Shariah-compliant banking solutions |
 | Mashreq Bank | ● Zero account maintenance fees ● No minimum balance requirements ● Free debit cards ● Mobile banking included ● Exclusive offers and discounts |
UAE Bank Account Without Minimum Balance
If you want to open your savings account within UAE without maintaining balance, then the table given below is going to be very important for you. Here the name of the bank is mentioned along with the minimum amount and the features available in the account. List of Zero Balance Accounts in UAE.
Here is a list of some of the popular zero balance accounts available in the United Nations (UAE) that do not require maintaining a minimum balance:
Here is the provided information converted into a table:
| Bank Name | Minimum Balance | Features |
|---|---|---|
| Abu Dhabi Commercial Bank | AED 0 | ● Free Debit Card, Online & Mobile Banking, ● 24/7 Customer Support |
| Abu Dhabi Islamic Bank | AED 0 | ● Islamic Banking, ● Free Debit Card, ● Online & Mobile Banking |
| Ajman Bank | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● 24/7 Customer Support |
| Al Hilal Bank | AED 0 | ● Islamic Banking, ● Free Debit Card, ● Online & Mobile Banking |
| Al Maryah Community Bank | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● 24/7 Customer Support |
| Al Masraf Arab Bank for Investment & Foreign Trade | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Multi-currency Accounts |
| Bank of Sharjah | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● 24/7 Customer Support |
| Commercial Bank International | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Mobile App |
| Commercial Bank of Dubai | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Rewards Program |
| Dubai Bank | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● 24/7 Customer Support |
| Dubai Finance Bank | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Investment Options |
| Dubai Islamic Bank | AED 0 | ● Islamic Banking, ● Free Debit Card, ● Online & Mobile Banking |
| Emirates Investment Bank | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Premium Banking |
| Emirates Islamic | AED 0 | ● Islamic Banking, ● Free Debit Card, ● Online & Mobile Banking |
| Emirates NBD | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Budgeting Tools |
| First Abu Dhabi Bank | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Financial Planning |
| Invest Bank | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Loyalty Programs |
| Mashreq | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Cashback Offers |
| National Bank of Fujairah | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● 24/7 Customer Support |
| National Bank of Ras Al-Khaimah PJSC (RAKBANK) | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Wealth Management |
| National Bank of Umm Al-Quwain | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● 24/7 Customer Support |
| Noor Bank | AED 0 | ● Free Debit Card, ● Online & Mobile Banking, ● Loan Facilities |
| Sharjah Islamic Bank | AED 0 | ● Islamic Banking, ● Free Debit Card, ● Online & Mobile Banking |
10 Best Saving Account In UAE With Zero Balance
Such best saving accounts which can be opened within UAE, where you do not require minimum balance and also get facilities like debit card, mobile banking, internet banking, then this list of best saving accounts in UAE is for you. It will be very beneficial.
In the table below, Here are the top 10 Best Zero Balance Savings Accounts in the UAE along with their unique features:
| Bank Name | Features |
|---|---|
| Emirates NBD Liv. Account | ● Automated savings, up to 2% interest, ● Paperless banking, Cheque book access, ● 24/7 support |
| Abu Dhabi Islamic Bank (ADIB) Smart Banking Account | ● Islamic banking, ● Salary bonus, ● Competitive profit rates, ● Discounts on Smartdeals |
| Commercial Bank of Dubai (CBD) Esaver Account | ● No maintenance fees, ● up to 1.25% interest, ● instant account opening |
| First Abu Dhabi Bank (FAB) iSave Account | ● Unlimited withdrawals, ● 5.25% interest on new funds, ● online account opening |
| RAKBANK Fast Saver Online Account | ● Multi-currency accounts, ● Free debit card, ● Monthly e-statements |
| Mashreq Neo Savings Account | ● No fees, ● attractive interest rates, ● online banking, ● cashback offers |
| HSBC Esaver Account | ● No maintenance fees, ● high interest rates, ● flexible withdrawals |
| Standard Chartered XtraSaver Account | ● Competitive interest rates, ● online banking, ● Free international transfers |
| Dubai Islamic Bank (DIB) Al Islami Savings Account | ● Islamic banking, ● profit-sharing, ● free debit card, ● easy online access |
| Emirates Islamic Flexi Plus Account | ● Islamic banking, ● flexible withdrawals, ● free debit card, ● online banking |
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Faq : Best Saving Account In UAE With Zero Balance
What is zero balance account?
Zero balance account is a type of savings account in which you do not need to maintain a minimum amount. This means you can deposit as much or as little as you want into the account. In this account, only selected services are provided to you by the bank.
What do I need to open a zero balance account in UAE?
To open a zero balance account in UAE, you will need a valid passport, valid UAE Emirates ID, visa in the bank. In some cases, the bank may also demand electricity bill or rent agreement for address proof documents.
Which banks offer zero balance accounts in UAE?
All banks within UAE provide you the facility of zero balance account. In some banks, to open this balance account, you are required to have a monthly salary ranging from 5000 dirhams to 3000 dirhams. If your monthly salary is not this much, then in such a situation you will have to pay some charges. Here are the names of the banks where zero balance can be opened in UAE:
1. Abu Dhabi Commercial Bank
2. Abu Dhabi Islamic Bank
3. Ajman Bank
4. Al Hilal Bank
5. Al Maryah Community Bank
6. Al Masraf Arab Bank for Investment & Foreign Trade
7. Bank of Sharjah
8. Commercial Bank International
9. Commercial Bank of Dubai
10. Dubai Bank
11. Dubai Islamic Bank
12. Emirates Investment Bank
13. Emirates Islamic
14. Emirates NBD
15. First Abu Dhabi Bank
16. Investment Bank
17. Mashreq
18. National Bank of Fujairah
19. National Bank of Ras Al-Khaimah PJSC (RAKBANK)
20. National Bank of Umm Al-Quwain
21. Noor Bank
22. Sharjah Islamic Bank
4. Which is the best zero balance account?
If you are searching for the best zero balance account, then I have given a table above, where you will get all the information in the table, you can find out about it as per your need.
5. How do I open a zero balance account?
You can usually open a zero balance account by visiting a bank branch or through the bank’s website. Apart from this, you can also open your bank account sitting at home in just a few taps through the bank’s mobile application.
6. Do I have to go to the bank to open a zero balance account?
Some banks allow you to open a zero balance account online or through a mobile app. You can also open your bank account by going to the bank branch for which you will need a lot of documents.
7. Do zero balance accounts come with debit cards?
Yes, many zero balance accounts come with free or low-fee debit cards.
8. Is interest available on zero balance account?
Yes, if you open your zero balance account inside UAE, then here too you will get interest which can range from 2% to 2.5%.
Conclusion
For people living in the United Nations (UAE) who want to open a bank account but are not able to maintain the minimum balance, a zero balance account is a great option. These accounts offer a variety of benefits, including low fees, convenience, and savings incentives.
However, it’s important to note that not all zero balance accounts are the same. Some accounts may have fewer features than others, or they may have hidden fees. Therefore, it is important to compare different accounts before choosing the best account for you.
In this post, we have given you information about the various zero balance accounts available in UAE. We’ve also explained what features these accounts have and which account might be best for you.
We hope this information has been useful to you! If you want to ask us any kind of question, you can comment below and you will get a reply within 2 hours.
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