FAB Bank Salary Account - Eligibility, Document Required, Application Process

With this account, you earn FAB Rewards on your balance, debit card spending, and international remittances. You'll even get a chance to get a 1,000 bonus Etihad Guest Miles when you transfer your first salary. Additionally, you can enjoy your first international transfer free each month, making it easier to send money home or manage assets.

In this article, we will read in detail about how this account meets your everyday financial needs while offering rewards and savings opportunities.

Types of FAB Salary Accounts

FAB offers a range of accounts to cater to various financial needs, whether you're salaried, self-employed, or non-salaried. Here are the different types of FAB bank accounts —

FAB Bank Salary Account Benefits

Given below are the features every FAB salary account offers —

Personal Current Account
FAB Etihad Guest Account
FAB One Account
Elite Current Account
FAB Etihad Elite Guest Account

Get free access to lounges at selected airports if you hold the FAB Platinum Mastercard debit card.
Enjoy a free debit card to use for purchases.
Receive your first cheque book at no charge.
Earn 1.5 Etihad Guest miles for every AED 1,000 in your average monthly balance, with a cap of 5,000 miles per month
Enjoy a complimentary Etihad Guest Platinum debit card, providing travel perks and convenient cash access

Enjoy the freedom of having no minimum balance
Transferring your first salary will get you 500 additional Etihad Guest miles
Get the first free cheque book
You can send your first international money transfer for free each month. This only applies to transfers from AED accounts using SWIFT. There is no fee waiver for Instant transfers
Enjoy four free local fund transfers each month

Receive a complimentary Platinum Mastercard debit card
Enjoy free access to lounges at selected airports when using your FAB Platinum Mastercard debit card
Earn FAB Rewards on your purchases, which you can redeem for rewards of your choice
Benefit from the flexibility of having no minimum balance requirements
Access special offers and discounts from select premium retailers in the UAE

For each AED 100 spent domestically, earn 60 FAB Rewards and earn 120 FAB Rewards for spending abroad
Receive unlimited cheque books at no additional cost
Benefit from your first international remittance free each month (only FAB charges waived for remittances from AED accounts via SWIFT; no fee waiver on Instant Transfers)
Enjoy a complimentary Elite Gold Mastercard World debit card
Earn 8 FAB Rewards, up to a maximum of 150,000, for each AED 1,000 in average account balance
Get easy and instant redemption for a wide range of rewards, including meals, travel reservations, shopping, cashback, and utility bill payments
Experience additional exclusive rewards through your World Mastercard debit card
Enjoy the flexibility of multi-currency accounts with no minimum balance requirement

Note: FAB Rewards will be evenly distributed among all account holders in joint accounts, based on the average balance.

You can benefit from four free local fund transfers each month
Receive unlimited free cheque books for your transactions
Enjoy the flexibility of no minimum balance needed
Earn 1,000 additional Etihad Guest Miles on your initial pay transfer
Your Etihad Guest Signature debit card includes various travel perks
Earn three Etihad Guest Miles for every AED 1,000 in your average monthly balance, up to a maximum of 5,000 miles per month
Take advantage of a round-the-clock concierge service to assist with a wide range of travel-related tasks
Get access to over 650 airport lounges worldwide, enhancing your travel experience

Eligibility Criteria for FAB Bank Salary Account in UAE

You must adhere to the following eligibility requirements to successfully open bank account in UAE —

Personal Current Account

Applicant must be a UAE resident
Salaried, self-employed, or non-salaried

FAB Etihad Guest Account

Maintain FAB minimum balance for salary account of at least AED 10,000
Must be a resident of the UAE
Minimum monthly salary of AED 10,000
Minimum initial deposit of AED 10,000

FAB One Account

Applicant must be a resident of the UAE
Minimum monthly salary of AED 10,000
Minimum initial deposit of AED 10,000
To earn rewards on your average balance, a minimum balance of AED 10,000 must be maintained.

Elite Current Account

Eligibility requires a total relationship balance of AED 500,000, a mortgage of AED 2,500,000, or a salary transfer of AED 50,000

FAB Etihad Elite Guest Account

A total relationship balance of AED 500,000 or above is required

Note: Total Relationship Balance includes current/savings/call account balances, fixed deposits, and investments.

Documents Required for FAB Salary Account Opening

To open any FAB salary transfer account you’ll need to provide the following documents —

Filled out account registration form
Copy and original passport, Emirates ID, or residence proof
Proof of income

Note: Additional documents may be required as needed, depending on specific requirements or circumstances related to your application.

How to Open Bank Account in UAE?

Looking for guidance on FAB salary account opening online? With Policybazaar UAE, it's easy!

Just follow these steps —

Go to Policybazaar.ae.
Select ‘Open Bank Account’ in the ‘Banking Products’ drop-down menu.
Fill out the form to see bank account options.
Choose your preferred account and click ‘Apply.’
Follow the on-screen instructions.

This quick process makes it easy to open your FAB salary transfer account and saves you time!

You can enjoy lots of benefits, like different options, a simple application process, and assistance from our customer service team.

Fees and Charges for FAB Bank Account in UAE

You may incur some additional charges for some transactions while using the FAB bank account —

Minimum Balance Requirement	NIL
Minimum Balance to Earn FAB Rewards	AED 10,000
Returned Cheque Fees (when drawn on your account)	AED 100
Demand Draft/Manager’s Cheque	AED 31.50
Cheque Book	Unlimited
Account Closure Fee	AED 105
Primary Card Issuing Fee	Free
Replacement for Lost/Card Stolen	AED 26.25
Fees for using other bank’s ATM in UAE	AED 2.10 (4 free per month)

Open Salary Accounts in Other Top UAE's Banks -

Frequently Asked Questions

To open the FAB salary account, you'll need to provide identification (like your passport and UAE residence visa), proof of income, and possibly additional documents as specified by the bank.

The minimum salary requirement for FAB salary account opening is AED 10,000.

The FAB minimum balance for salary account is AED 10,000 to avoid maintenance fees or penalties

FAB is considered one of the leading and largest banks in the UAE, known for its range of services, customer support, and digital banking capabilities.

For certain accounts like the FAB One Account and Etihad Guest Elite Account at FAB, you don’t need to maintain a minimum balance, which can be a great option if you're looking for flexibility.

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