FAB Elite Current Account, UAE
Banking in the UAE is not just about storing money; it’s about access, lifestyle, and status. Among the premium offerings from First Abu Dhabi Bank (FAB) — the largest bank in the UAE and one of the region’s most trusted financial institutions — the FAB Elite Current Account stands out as a product designed for high-net-worth individuals, frequent travelers, and professionals seeking more than just a basic current account.
With exclusive lifestyle rewards, international privileges, and relationship banking benefits, this account has become a benchmark for elite banking in Dubai and across the Emirates. Let’s break down everything you need to know — from benefits and eligibility to fees, features, and application steps.
Why the FAB Elite Current Account is Different
Unlike standard current accounts, the FAB Elite Current Account blends daily banking convenience with exclusive privileges usually reserved for private banking clients. Think of it as a financial passport that not only manages your money but also elevates your lifestyle with luxury benefits.
Some standout reasons people choose this account include:
- No minimum balance requirement for Elite, Private Banking, or KCG customers.
- Unlimited free chequebooks — a rarity in modern banking.
- Elite Gold Mastercard World Debit Card with high cash withdrawal and purchase limits.
- FAB Rewards loyalty program, rewarding both spending and account balances.
- Free international transfers and cash withdrawals across ATMs in the UAE.
- Exclusive lifestyle perks like airport lounge access, purchase protection, and concierge-style banking.
Related: FAB Etihad Guest Account
Key Features & Benefits of the FAB Elite Current Account
Multi-Currency Flexibility
Manage your money across multiple currencies — AED, USD, EUR, and others — making this account ideal for global professionals, expats, and business owners.
Debit Card Privileges
The Elite Gold Mastercard World Debit Card offers:
- Daily ATM cash withdrawal limit: up to AED 25,000.
- Daily purchase limit: up to AED 75,000.
- Purchase protection insurance: up to USD 1,000 annually.
- Global recognition & security powered by Mastercard.
FAB Rewards Program
Elite Current Account holders enjoy one of the most lucrative reward structures in the UAE:
- 60 FAB Rewards for every AED 100 spent inside the UAE.
- 120 FAB Rewards for every AED 100 spent abroad.
- 8 FAB Rewards per AED 1,000 maintained as monthly average balance (with a minimum TRB of AED 10,000).
- Instant redemption options for cashback, bill payments, travel, shopping, and dining.
Free Banking Services
- Unlimited free chequebooks.
- Free debit card issuance (replacement AED 26.25 if lost).
- Free withdrawals from non-FAB ATMs in the UAE.
- Four free international ATM withdrawals per month.
Relationship Banking
As an Elite customer, you’re not just another account holder. FAB assigns you a dedicated Relationship Manager who understands your financial needs, investments, and lifestyle goals — providing a personalized banking experience.
Related: How to Open a FAB Bank Account
Eligibility Criteria
Opening a FAB Elite Current Account is restricted to customers meeting premium banking thresholds. You qualify if you meet one of the following:
- Total Relationship Balance (TRB): AED 500,000 across accounts, deposits, and investments.
- Mortgage: Minimum AED 2,500,000.
- Salary Transfer: Minimum AED 50,000 per month.
- Age Requirement: 21 years or above.
This makes the FAB Elite Current Account an exclusive banking product, tailored to clients who demand premium financial solutions.
Related: FAB Bank Current Account
Documents Required
To apply, keep the following ready:
- Completed account opening form.
- Valid Emirates ID, passport, and residence visa (with originals for verification).
- Proof of income (salary certificate, pay slips, or equivalent).
FAB may request additional documents depending on your profile.
Fees & Charges
Unlike many banks in the UAE that impose strict balance penalties, FAB Elite Current Account is designed to be low on hidden costs and transparent. Here are some highlights:
- Minimum balance requirement: None.
- Low balance fee: None.
- Account closure fee: AED 105.
- Teller services: 8 free per month, then AED 10.
- International transfers: AED 5.25 (AED), AED 105 (USD/EUR/AUD), AED 84 (other currencies).
- Cheque facility: Free unlimited cheque books, but stop-payment instructions cost AED 52.50.
- Debit card foreign transaction fee: 2.1% of the converted rate.
This transparent structure makes FAB’s Elite Current Account one of the most customer-friendly premium accounts in the UAE.
How to Apply for a FAB Elite Current Account
FAB has made the process simple and flexible — you can open your account via:
- FAB Mobile App
- Download via Google Play, App Store, or AppGallery.
- Register using Emirates ID or contact details.
- Select FAB Elite Current Account, complete your details, and submit.
- Online Application
- Visit the FAB official website, fill out the lead form, and a representative will contact you.
- FAB Branch Visit
- Walk into any branch across Dubai or the UAE, submit documents, and open your account on the spot.
- Phone Banking
- Call FAB’s customer service line and request account opening support.
FAB Elite Current Account FAQs
What is the minimum balance required for the FAB Elite Current Account?
There’s no minimum balance requirement for Elite, Private Banking, or KCG customers.
Do I need to transfer my salary to open this account?
Not always. However, a salary transfer of AED 50,000 per month qualifies you for eligibility if you don’t meet the TRB requirement.
What is the daily withdrawal limit for the Elite Debit Card?
You can withdraw up to AED 25,000 daily and make purchases up to AED 75,000.
What rewards can I earn?
Earn FAB Rewards on spending and account balances, redeemable for travel, shopping, cashback, or bill payments.
What is the account closure fee?
Closing the FAB Elite Current Account costs AED 105.
How do I apply for the account online?
Simply download the FAB Mobile App or apply through the FAB website.
Final Word
The FAB Elite Current Account is more than a financial tool — it’s an entry into exclusive lifestyle banking in Dubai and the wider UAE. Whether you’re a frequent traveler, a high-income professional, or a business owner, this account offers a blend of flexibility, premium privileges, and financial rewards.
At TheDubaiWeb.com, we recommend this account for those who want their bank to be not just a financial partner but also a lifestyle enabler. With global access, premium services, and tailored banking support, the FAB Elite Current Account is an unmatched choice in the UAE’s competitive financial landscape.
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