Minimum Salary Requirement to Open a Bank Account in the UAE

The banks in the UAE offer different types of accounts such as savings accounts, current accounts, salary accounts, etc. for their customers. These bank accounts have specific requirements such as a minimum monthly balance for savings or current accounts and a minimum salary transfer for salary accounts.

The banks enable employers in the UAE to open salary accounts for their employees. The standard minimum salary requirement to open a bank account in the UAE is AED 3,000. It usually ranges between AED 3,000 and AED 10,000 for most banks. However, it can be even more for some banks. 

In this post, we will help you learn the minimum income requirements for different salary accounts along with their features and benefits. The list will help you open a bank account with a minimum salary requirement depending on your convenience.

Best Salary Bank Accounts with Minimum Salary Requirements in UAE

Here is the list of major salary accounts with their features, benefits and minimum salary requirements.

1. Emirates NBD Salary Account – AED 3,000

Emirates NBD offers different types of bank accounts for its customers. The salary account provided by the bank comes with a minimum salary requirement of AED 3,000 for the account holders.

Features and Benefits for Emirates NBD Salary Account

• Multiple Currencies: Emirates NBD Salary Account can be opened and operated in various currencies, including AED, USD, GBP and more.
• Online Banking: Emirates NBD offers an online and mobile banking portal for its customers to help them open a bank account and access their details in just a few clicks.
• Easy Transfers: Emirates NBD Salary Account enables account holders to transfer funds easily through online and mobile banking portals.
• Eligibility: All UAE residents and expats can open an Emirates NBD Salary Account.
• Minimum Monthly Balance: Emirates NBD Salary Account has a minimum monthly balance requirement of AED 3,000.

2. ADIB Current Account – AED 3,000

ADIB Current Account has a minimum salary requirement of AED 3,000 with no minimum balance requirement for the account holders.

Features and Benefits for ADIB Current Account

• Online Banking: ADIB offers an online and mobile banking portal for its customers to help them open a bank account and access their account details in just a few clicks.
• E-Statements: ADIB Current Account offers a free monthly e-statement to help account holders keep track of their finances with great ease.
• Easy Transfers: ADIB Current Account enables account holders to make easy fund transfers through online and mobile banking portals.
• Eligibility: All UAE residents and expats are eligible for opening an ADIB Current Account.
• Debit Card: ADIB Current Account offers a free debit card for the account holders.
• Chequebook: ADIB Current Account offers a free chequebook for the account holders.
• Teller Transactions: ADIB Current Account enables account holders to make unlimited teller transactions for free.
• Instant Overdraft: ADIB Current Account enables account holders to avail of an instant overdraft facility in case they need immediate funds.

3. Standard Chartered Salary Account – AED 3,000

Standard Chartered Salary Account comes with a minimum monthly salary requirement of AED 3,000. The best part about the bank account is that it offers a zero minimum balance requirement for the account holders.

Features and Benefits for Standard Chartered Salary Account

• Debit Card: Standard Chartered Salary Account offers a free debit card for the account holders.
• Chequebook: Standard Chartered Salary Account offers a free chequebook for the account holders.
• Online Banking: Standard Chartered Salary Account holders can access their banking details anytime by logging into the online banking and mobile banking portals.
• Easy Transfers: Standard Chartered Salary Account holders can make easy fund transfers through online and mobile banking portals.
• Eligibility: All UAE residents and expats are eligible for opening a Standard Chartered Bank Account.
• Multiple Currencies: Standard Chartered Salary Account can be opened and operated in multiple currencies, including AED, USD, GBP and more.

4. RAKBANK RAKmore Salary Transfer Account - AED 5,000

RAKBANK RAKmore Salary Transfer Account is another leading salary bank account in the UAE that comes with a minimum salary requirement of AED 5,000 for the applicants.

Features and Benefits for RAKBANK RAKmore Salary Transfer Account

• credit card: RAKBANK RAKmore Salary Transfer Account offers a free credit card for the account holders depending upon their eligibility.
• Chequebook: RAKBANK RAKmore Salary Transfer Account offers a free chequebook for the account holders.
• Online Banking: RAKBANK RAKmore Salary Transfer Account holders can access their banking details anytime by logging into the online banking and mobile banking portals.
• Easy Transfers: RAKBANK RAKmore Salary Transfer Account holders can make easy fund transfers through online and mobile banking portals.
• Domestic Remittances: RAKBANK RAKmore Salary Transfer Account enables account holders to make free domestic remittances through their bank account.
• Cash Withdrawals: RAKBANK RAKmore Salary Transfer Account holders can make three cash withdrawals from non-RAKBANK ATMs for free every month.

 

 

5. FAB One Account – AED 10,000

FAB One Account is one of the best salary bank accounts offered by the First Abu Dhabi Bank. The bank account comes with a minimum monthly salary requirement of AED 10,000. 

Features and Benefits for FAB One Account

• Online Banking: FAB offers an online and mobile banking portal for its customers to help them open a bank account and then access their details in just a few clicks. The existing banking customers can also open a FAB Bank Account through their mobile banking app.
• Debit Card: FAB One Account offers a free debit card for the account holders.
• No Monthly Fee: FAB One Account comes with no monthly fee required for the account holders failing to maintain the minimum average balance in their salary account.
• FAB Stars: FAB One Account holders can earn an attractive amount of FAB Stars on the purchases made through their salary account.
• Airport Lounge Access: FAB One Account holders enjoy complimentary access to leading airport lounges in the Middle East region.
• Cash Withdrawals: FAB One Account holders can make three cash withdrawals from non-FAB ATMs for free every month.
• Purchase Protection: FAB One Account holders get purchase protection benefits against the loss, theft, or damage caused to the products bought using their FAB debit card.
• Minimum Monthly Deposit: FAB One Account comes with a minimum deposit requirement of AED 10,000 for non-salaried applicants.

6. ADCB Current Account - AED 5,000

ADCB Current Account comes with a minimum salary requirement of AED 5,000. Along with a wide range of features, the bank account enables account holders to earn TouchPoints while saving more on their expenditures.

Features and Benefits for ADCB Current Account

• Eligibility: All UAE residents and expats are eligible for opening an ADCB Current Account.
• Debit Card: ADCB Current Account offers a free debit card for the account holders.
• Chequebook: ADCB Current Account offers a free chequebook for the account holders.
• Initial Deposit: The initial deposit of AED 5,000 is required to open an ADCB Current Account.
• Online Banking: ADCB Current Account details can be accessed by logging into the online banking and mobile banking portals.
• E-Statements: ADCB Current Account holders can request a free e-statement every month to keep track of their finances.
• Easy Transfers: ADCB Current Account holders can make easy fund transfers through online and mobile banking portals.
• TouchPoints: ADCB Current Account holders can earn TouchPoints by maintaining an average monthly balance of AED 10,000.

7. Mashreq Happiness Account - AED 10,000

Mashreq Happiness Account comes with a minimum salary requirement of AED 10,000 and no minimum monthly balance requirement for the account holders.

Features and Benefits for Mashreq Happiness Account

• Online Banking: Mashreq Happiness Account details can be accessed by logging into the online banking and mobile banking portals.
• Joining Bonus: Mashreq Happiness Account offers a joining bonus of AED 2,000 for the account holders.
• Salaam Points: Mashreq Happiness Account enables account holders to earn AED 25 worth of Salaam points every month.
• E-Statements: Mashreq Happiness Account holders can request a free e-statement every month to keep track of their finances.
• Easy Transfers: Mashreq Happiness Account holders can make easy fund transfers through online and mobile banking portals.
• Eligibility: All UAE residents and expats are eligible for opening a Mashreq Happiness Account.
• Debit Card: Mashreq Happiness Account offers a free debit card for the account holders.
• International Transfers: Mashreq Happiness Account enables account holders to make unlimited international transfers for free.
• Dining Discounts: Mashreq Happiness Account offers an attractive discount of 30 per cent on selected dining outlets in the UAE.

Documents Required for Opening a Bank Account in the UAE

Here is the list of documents that you need to submit when opening a salary account with any of the banks in the UAE. The bank may ask for additional documents at its discretion. 

Category	Documents Required
Mandatory Documents	Emirates Identification Card
	Original Passport (for verification purposes)
	A Copy of the Resident Visa Page of the Passport
Any one of these documents	Appointment Letter
	Salary Slips
	Salary Transfer letter
	Salary Certificate

The Bottom Line

The applicants need to visit the concerned bank’s branch with all the essential documents and fill in the application form to open a bank account. If an applicant is already a customer of the chosen bank, they can simply log in to their internet banking or mobile banking portal to apply for a salary account. The new applicants can visit the bank’s website and fill out the online application form to open a bank account with a minimum salary requirement.

The applicants can also call our helpdesk or visit our website to open a bank account with great ease. Our financial experts not only take the applicants through the features and benefits of their chosen bank account but also help them open one without any hassle.