Making the correct choice of bank account is vital for managing your finances effectively. Whether you are a person wanting to save up, a salaried employee, a business owner, or a parent looking to save for a child’s future, First Abu Dhabi Bank (FAB) is the right fit for you. Along with being one of the UAE’s biggest and most reputable banks, FAB customers get the advantage of diverse banking services.
So, let’s look at the distinct FAB account types, their features, and who they are best for.
About First Abu Dhabi Bank (FAB)
FAB is a regional banking leader formed through the merger of First Gulf Bank (FGB) and the National Bank of Abu Dhabi (NBAD). It provides universal banking retail, corporate, investment, and Islamic banking services. Emphasizing customer focus and innovation, FAB backs its full range of banking products with one of the region’s strongest capital bases.
Types of FAB Bank Accounts
1. FAB Current Account
The Current Account at FAB is the best choice for daily banking transactions due to its flexible fund access and the manifold benefits that it offers.
Features of Fab Current Account:
- AED and foreign currency options.
- Free international debit card and chequebook.
- Mobile and internet banking access.
- Salary transfer facility.
- Bill payments and fund transfers.
- Available for UAE residents and expatriates
Fab Current Account is Best For:
It is mainly used by salaried employees, people with a lot of withdrawals and payments, or people who need to write cheques.
Open a Fab Current Account Right now:
2. FAB Savings Account
With savings accounts, you can grow your finances while gaining interest on the account balance.
Features of FAB Savings Account:
- Monthly balance interest is earned.
- Access to 24/7 mobile and online banking.
- ATM/debit card.
- Regular savings promotions and reward programs.
- Option to open accounts in multiple currencies.
FAB Savings Account is Best For:
Those persons who regularly want to save money with good interest rates and access to cash with ease.
Open Your Fab Savings Account Right now:
3. FAB iSave Account
FAB iSave is a digital-only savings account with a good interest rate, but no minimum balance requirement is needed.
Features of FAB iSave Account:
- Opened and managed via the FAB Mobile App.
- Up to 4% interest (varies by promotions).
- No minimum balance or monthly maintenance fees.
- No branch visits are required.
FAB iSave Account is Best For:
- A digitally oriented person who is tech savvy and loves to enjoy high savings.
- FAB Elite and Private Banking Accounts
- These are the premium accounts developed for the high-net-worth individuals who desire their own personalized wealth and lifestyle management.
Open Your Fab ISave Account Right now:
4. FAB Children’s Savings Accounts
FAB has set up special savings accounts for kids. It helps parents with their children’s education proposals and equips them with financial knowledge.
Features of FAB Children’s Savings Accounts:
- Joint account with parental control.
- Reward programs for consistent saving.
- No maintenance fee.
- The account grows with the child.
FAB Children’s Savings Accounts is Best For:
Parents who want to ensure their child’s financial future while fostering financial wisdom in them.
Open your Fab Children Account right now:
5. FAB Islamic Accounts
FAB Islamic Banking offers a full range of accounts that comply with Sharia principles. These include Islamic Current and Islamic Savings Accounts.
Features of FAB Islamic Accounts:
- Based on Wakala (savings) and Murabaha (finance).
- No interest; profit-based returns.
- Transparent and ethical banking.
- Available in AED and other currencies.
FAB Islamic Accounts is Best For:
Customers seeking religious-compliant banking solutions.
Open Your Fab Islamic Current Account right now:
6. FAB Business Accounts
FAB provides dedicated current accounts, financial equipment options, and payment facilities for businesses.
Features of FAB Business Accounts:
- Salary transfer services (WPS compliant)
Multiple user access
Trade finance integration
Multi-currency and high-volume transactions
Access to FAB Business Online portal
FAB Business Account is Best For:
Startups, SMEs, and corporates handling high-value or cross-border transactions.
Open your Fab Business Account right now:
7. FAB Expat Accounts
FAB simplifies banking for non-UAE residents, making it easier for them to open accounts and manage finances in the UAE.
Features of FAB Expat Account:
- Fast-tracked account opening
- Multi-currency support
- International debit card
- Global remittance options
- Flexible documentation process
FAB Expat Account Best For:
Expatriates living, working, or planning to settle in the UAE.
Open your Fab Account right now
How to Choose the Right FAB Account?
Choosing the right account depends on:
- Your income and spending habits.
- Your banking preferences (branch vs digital).
- Whether you want to earn profit or interest.
- Need for premium or basic services.
- Business vs personal requirements.
How to Open a FAB Bank Account?
Things required for Opening an Account in Fab Bank:
- Valid Emirates ID (for UAE residents).
- Passport and valid UAE residence visa.
- Salary certificate (for salaried individuals).
- Trade license (for business accounts).
Steps to Open an Account in Fab Bank:
- Visit any FAB branch or use the FAB Mobile App on App Store on Play Store (iSave account only).
- Submit your documents.
- Choose your account type and complete the form.
- Receive your debit card and account number.
Conclusion
FAB caters to a diverse clientele, offering everything from basic current accounts to elite banking services and from digital savings solutions to Islamic banking alternatives. Whether you’re saving, spending, or investing, FAB provides secure, innovative, and convenient banking options. With a strong digital infrastructure, friendly service, and a commitment to customer satisfaction, FAB continues to be a preferred choice across the UAE.
Must Read to Get more about banking:
FAQs
- How do I open a FAB iSave account?
Open via the FAB Mobile App in minutes with no paperwork required. - How do I check the FAB account balance?
Log in to FAB Mobile App, Internet Banking, or visit any ATM. - Can FAB close a credit card account with intimation in UAE?
Yes, FAB may close your credit card with prior written notice. - How long to open FAB current account?
Usually takes 1–2 business days upon submission of valid documents. - How much time is needed to make a bank account in FAB?
Typically within 1–3 business days, depending on verification. - How do you add a beneficiary to a FAB account?
Go to ‘Transfers’ on the FAB app or website and add a new beneficiary. - How do I add a mobile number to a FAB bank account online?
Update through the FAB Mobile App or by contacting customer support. - How do I check my FAB account online?
Access your account via FAB Internet Banking or the Mobile App. - How do I get the IBAN for the FAB account?
Find your IBAN in the app, account statement, or contact support. - How do I get my FAB account number?
Check your welcome email, mobile app, or any bank correspondence. - How do I get a new account number in FAB?
You must visit a branch to close the old account and open a new one. - How do I know my account number in FAB e-Dirham?
Log in to the e-Dirham portal or FAB app to retrieve the account number.
How do I open a bank account in FAB?
Visit a branch or use the FAB app; provide your ID and the required documents. - How do you send money to a FAB account?
Use online banking or a mobile app to initiate fund transfers. - How do I transfer cash from eWallet to my FAB account?
Add your FAB account in the eWallet app and proceed with the transfer. - How do I transfer money to India from my FAB salary account?
Use international remittance via the FAB app or visit a branch. - How do I transfer money from my FAB Ratibi card to my bank account?
Use ATM or FAB eWallet to move funds from your Ratibi card.
