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

With an NBF salary account, you can benefit from hassle-free salary transfers, easy access to funds, and a range of banking services (including online and mobile banking). The account also offers additional perks like zero balance requirements (under certain conditions), attractive interest rates, ...read more

Benefits and Features of NBF Bank Salary Account

Given below are the key NBF bank salary account benefits and features in the UAE —

1. NBF Classic Current Account

Feature	Description
Multiple Currencies	This NBF account is available in several major currencies
Extensive Banking Facilities	Use overdraft facility by arrangement Get standing instructions and remittance facilities Chequebook available
Multiple Banking Channels	Various banking modes available — Internet banking Mobile banking SMS banking and more
Free Facilities	Free monthly bank statements Get an international debit card for free Withdraw cash from any ATM without any charges in the UAE

2. NBF Twin Benefit Account

Feature	Description
Interest Rate	Enjoy high interest rates of up to 1.25% per annum
Currency	Only available in AED currency
Extensive Banking Facilities	Enjoy a wide range of credit card facilities Get salary advance facility
Multiple Banking Channels	The list includes — Internet banking SMS banking Mobile banking and more
Free Facilities	Receive free monthly bank statements International debit card for free Withdraw cash from any ATM without any charges in the UAE Enjoy unlimited branch transactions for free

NBF Salary Account Opening Requirements

To open an NBF salary account, you must be a UAE national or an expatriate. For more info on NBF salary account opening requirements, get in touch with us via email at communication@policybazaar.ae or call us at 042472904.

NBF Salary Account — Documents Checklist

Tabled below are the documents required for opening an NBF bank account in the UAE:

1. Classic Current Account

For Salaried Employees	For Self-Employed Individuals
Emirates ID Passport Residence Visa (only for expatriates) For Salary Transfer Applicants — Salary Certificate For Non-Salary Transfer Applicants — Recent Bank Account Statement (to which salary is being transferred) Consolidated Letter from HR (for bulk applications) Less Than 3 Months Old Pay Slips Employment Contract/ Appointment Letter	Emirates ID Passport Residence Visa (only for expatriates) Trade Licence

2. Twin Benefit Account

For Salaried Employees	For Self-Employed Individuals
Emirates ID Passport Residence Visa (only for expatriates) For Salary Transfer Applicants- Salary Certificate For Non-Salary Transfer Applicants- Recent Bank Account Statement (to which salary is being transferred) Consolidated Letter from HR (for bulk applications) Less Than 3 Months Old Pay Slips Employment Contract/ Appointment Letter	Emirates ID Passport Residence Visa (only for expatriates) Trade Licence

NBF Open Salary Account Via Policybazaar.ae

On Policybazaar.ae, you can easily open bank account in UAE within minutes! Simply fill out the lead form and apply on our bank account quotes page. Once you successfully submit your application, our team will reach out to you and assist you with the next steps.

NBF Salary Account — Fees & Charges

Here are the major charges related to the discussed NBF salary bank accounts —

Type of Fee	Classic Current Account	Twin Benefit Account
Average Monthly Balance	AED 2,500* *Not required for salary transfers above AED 5,000	AED 15,000 Not needed for salary transfers above AED 20,000
Breach of Monthly Balance	AED 25	AED 75
Monthly Account Maintenance Fee	NIL	NIL

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Frequently Asked Questions

No, you only need to submit your salary certificate in case of a salary transfer.

No, the Twin Benefit bank account is available only in AED currency.

You don’t need to maintain a monthly balance if you transfer your salary of at least AED 5,000 to the Classic Current Account or AED 20,000 to the Twin Benefit Account.

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