Oumar Malik
Oumar Malik
Chief Financial Officer
Oumar Malik is the Chief Financial Officer of iNewkhusi.com, a top financial platform offering banking, loans, credit cards, and insurance. With deep financial expertise, Oumar is key in developing strategies for growth and effective management of financial products and services. Based in Al Hamriya, Dubai, Oumar provides valuable insights and innovative solutions to help individuals and businesses manage their finances.
FAB Bank, also known as First Abu Dhabi Bank, is one of the largest banks in the UAE, serving both national and international clients for many years. FAB offers various account types to meet the specific needs of its customers, including the FAB salary account.
Opening an FAB salary account is straightforward, but it’s essential to understand the requirements beforehand. This knowledge will save you time and help you avoid any potential errors during the application process.
FAB Bank Salary Account Opening Requirements
To open an FAB bank salary account, you need to meet the following requirements:
1. UAE Residency: The applicant must be currently residing in the UAE. Visitors in the UAE for a short period are not eligible.
2. Minimum Salary: The applicant must have a minimum monthly salary of AED 10,000.
Documents Required to Open an FAB Salary Bank Account
To open an FAB salary bank account, you need the following documents:
1. Application Form: A completed application form with accurate details.
2. Proof of UAE Residency: A copy of your Emirates ID or passport showing you are currently residing in the UAE.
2. Verified Income Proof: Documents such as a salary certificate or pay slips verifying your monthly income.
Why Choose an FAB Salary Bank Account?
Here are some compelling reasons to open an FAB salary bank account if you are employed:
1. Debit Card Facility: Unlike many other salary accounts, FAB salary accounts provide a debit card.
2. Easy Requirements: FAB has straightforward requirements for opening a bank account, making it accessible.
3. Convenient Account Opening: You can open an FAB bank account online anytime, anywhere.
4. Cash Withdrawals from Non-FAB ATMs: You can withdraw cash from non-FAB ATMs across the UAE.
5. Benefits and Rewards:FAB offers various benefits and rewards for account holders.
How to Open an FAB Salary Bank Account
Opening an FAB Salary Bank Account is straightforward if you follow these steps:
1. Prepare the Required Documents:
To open a salary account in First Abu Dhabi Bank, first of all you have to prepare your necessary documents. The list of documents that will be required is as follows:
- Copy of your Emirates ID or passport showing UAE residency.
- Verified income proof (such as salary slips or a letter from your employer).
- Completed application form with accurate details.
2. Meet Eligibility Criteria:
Now to open a salary account, the terms and conditions set by the bank have to be followed which are as follows:
- Ensure you are currently residing in the UAE.
- Have a minimum monthly salary of AED 10,000.
3. Online Application Process:
After checking your eligibility criteria and preparing the documents now you can follow the following step by step process to fill the heavy application form online:
- Visit the official FAB Bank website.
- Navigate to the “Accounts” section and select “Open an Account.”
- Choose the “Salary Account” option and fill out the online application form with your personal and employment details.
- Upload the required documents and submit the application.
4. Visit a Branch (if necessary):
- If the online process requires further verification, visit the nearest FAB branch with your documents for final processing.
5. Confirmation:
- After submitting your application, you will receive a confirmation message via email or SMS.
- FAB will review your application, and if everything is in order, your account will be opened.
By following these steps, you can efficiently open an FAB Salary Bank Account and start enjoying its benefits.
Frequently Asked Questions
What is the minimum balance required to open a simple FAB bank account?
The minimum balance to open a simple FAB bank account is AED 3,000.
Can non-salaried people open a FAB Salary Bank Account?
No, non-salaried individuals cannot open a FAB Salary Bank Account. However, they can open a fixed account instead of a salary account.
What is the maintenance balance for the FAB Salary Bank Account?
The minimum maintenance balance for the FAB Salary Bank Account is AED 3,000. If your balance falls below this amount, you may receive warnings for account closure.
Final Words
Opening an FAB Bank Salary Account requires meeting specific criteria and preparing necessary documents. By ensuring you fulfill these requirements beforehand, you can save time and avoid potential issues during the application process. If you have any questions or need further assistance regarding the FAB account, feel free to ask in the comments section. We are always here to help you.