Requirements for Opening FAB Bank Salary Account

Requirements for Opening FAB Bank Salary Account

Employers often pay their employees through FAB (First Abu Dhabi) Bank salary accounts, offering various benefits such as convenience, debit cards, salary credits, and online banking services. These accounts also come with additional advantages, like insurance coverage and rewards, based on the specific account type chosen.

General Requirements for Opening FAB Bank Account

Before diving into the specifics of FAB Bank salary accounts, certain prerequisites must be met to be eligible for any FAB Bank account. These include:

• Proof of Income (for Salaried Individuals): Individuals employed under a company need to provide proof of their income.
• Trade License (for Self-Employed Individuals): For entrepreneurs and self-employed individuals, a trade license is necessary.
• Identification Documents: Photocopies and originals of Emirates ID, Passport, or Residential Visa for non-citizens.
• Filled-in Application Form: Submission of a completed form to initiate the account opening process.

Once these requirements are fulfilled, one can proceed to open a specific FAB Bank salary account.

Types of FAB Bank Salary Accounts

FAB Bank offers various salary accounts tailored to different needs. Let’s explore five of these accounts and their individual prerequisites:

1. Elite Gold Current Account

The Elite Gold Current Account provides premium services, including free unlimited chequebooks and high withdrawal limits. This account type also offers free international remittance without any monthly or annual fees, and there’s no specified minimum amount required to maintain the account.

Requirements: Valid passport, visa, Emirates ID, and a salary certificate.

2. Personal Current Account

This account focuses on flexibility and lifestyle convenience, providing features like issued checkbooks, waived first fee on debit cards, and access to selected airport lounges. Users can perform transactions in multiple currencies and access internet banking.

Minimum Balance Requirement: AED 3,000

3. Etihad Guest Elite Account

With this account, users can earn Etihad Guest miles based on their spending. Features include bonus miles for new salary transfers, free checkbooks, special airport terminal entrances, and unlimited travel benefits.

No Minimum Balance Requirement: Valid identification documents required.

4. Etihad Guest Account

The Etihad Guest Account offers opportunities to earn miles along with benefits such as free international remittance and additional rewards based on spending.

5. Elite Gold Savings Account

This account caters to individuals inclined towards local and international purchases, offering rewards on spending in various currencies without the need to maintain a minimum balance.

Requirements: Valid identity documents.

Frequently Asked Questions (FAQs)

Conclusion

Beyond the conventional advantages of maintaining a bank account, the FAB Bank salary account offers numerous additional perks. These accounts facilitate earning rewards through spending, access to lounges and lodges, and hassle-free local and international transactions. FAB Bank ensures a fulfilling banking experience for its customers.