FAB bank salary account is a bank account through which employers pay their employees. It comes with numerous benefits that include ease of usage, debit cards, salary crediting, and online usage.
Also, there’s a little to no fee charged with other benefits such as insurance, rewards, etc – that’s based on the type of FAB bank salary account that you opened.
Opening the FAB bank salary account is free for everyone under the working age in the UAE.
However, there are certain requirements that you must meet to be eligible for the FAB bank salary Account such as a minimum amount at the bank, valid documents, and other means of identity.
In this article, you’ll be cleared on the general requirements for opening a Fab bank salary account, the 5 FAB bank salary accounts you need, and the requirements for opening them.
Opening FAB Bank Account
You must first open a fan bank account before the Fab Bank salary account.
Also, before visiting FAB Bank or on the online platform for the motive of opening the FAB Bank account, be sure you’re at least 18 years old.
Following are the general requirements for opening a fab bank account:
- Proof of Income (for salaried people)
- Trade License (for self-employed individuals)
- A photocopy and original Emirates ID.
- A photocopy and original Passport or Residential Visa – for foreigners
- Submit a filled-in form for opening the bank account.
Now that you’re done with the FAB Bank account opening, you’re ready for the FAB salary account. Keep in mind that there are numerous Fab Bank accounts to open and each one has its requirements.
Requirements for Opening FAB Bank Salary Account
let’s take a glance at 5 FABbank salary accounts and their requirements, first, here are the types of fab bank salary types at a glance:
- Elite Gold Current Account
- Personal Current Account
- Etihad Guest Elite Account
- Etihad Guest Account
- Elite Gold Savings Account
#1. Elite Gold Current Account
Enjoying the highest levels of service when you go down with the Elite Gold Current account. There mounta of perks to enjoy ranging from free unlimited chequebooks; with this account, you have high withdrawal. Also, you’ll enjoy a free international remittance fee, every month.
This is a relationship manager-inclusive service with a 0 AED Monthly Fee and 0AED annual fee with no minimum amount requirements to sustain the account.
Requirements: Valid passport/Visa/Emirates ID and your salary certificate.
#2. Personal Current Account
If you want flexibility, consider the personal current account. It is made with the user’s lifestyle in mind which is achievable in the following features of this account such as issued checkbook & debit card(first fee waived).
Following is Airport Lounge Access at selected airports on this FAB Current Account. However, there is a daily ATM cash withdrawal limit of 15,000 AED for FAB Standard debit cards and 20,000 AED for FAB Platinum debit cards and more.
You’ll also have access to internet banking and transactions in multiple currencies. Minimum Balance Requirement – AED 3,000
#3. Etihad Guest Elite Account
The more you spend, the more Etihad guest miles you earn when you hold this card. You love to consider the perks of this card such as bonus miles starting from 15,000 to 100,000 on Etihad Guest Accounts for a new salary transfer. 1000 bonus miles on 1st salary transfer.
You’ll also get free checkbooks, a special airport terminal entrance, and unlimited travel advantages. No minimum balance is required to open this account–just have valid documents.
#4. Etihad Guest Account
With an Etihad Guest Account, you can easily earn Etihad Guest miles along with delightful features.
For AED 1000, you’ll earn 1.5 miles monthly with ten times extra Etihad guest miles. Also, you get free international remittance every month and a lot more benefits that swim the eyes.
#5. Elite Gold Savings Account
The Elite Gold Savings Account (EGSA) is for selected individuals who are keen on local and international purchases. You can earn up to 0.75 stars on every AED 2 spent locally and 1.5 stars on every AED 2 spent on international purchases.
No need to maintain a minimum balance in the account and can avail of the account in multiple currencies. Free cash withdrawal at any bank ATM in the UAE region with a very high cash withdrawal limit is provided.
Requirements: valid identity documents.
Aside from the traditional benefits that keeping money in the bank brings, the FAB bank salary account brings you much more. You earn by spending, lodges, and lounges at delightful places. Also, you’ll be able to carry out local and international purchases at little or no charge. At FAB bank, you’re assured.
Read Also: FAB Card Balance Online