FAB One Account, UAE – A Complete Guide
Banking in the UAE is evolving rapidly, and First Abu Dhabi Bank (FAB), the country’s largest bank by market capitalization, continues to lead the way. Among its flagship personal banking products, the FAB One Account stands out as a flexible, rewards-driven current account designed to simplify money management for UAE residents with busy lifestyles.
Whether you are a professional looking for no minimum balance requirements, a frequent traveler in need of airport lounge access, or a savvy spender seeking rewards on everyday transactions, the FAB One Account has positioned itself as one of the most user-friendly current accounts in the UAE.
In this guide, we’ll take a deep dive into its benefits, eligibility criteria, fees, rewards program, and how to apply — along with insights to help you decide if it’s the right account for your financial needs.
Why Consider the FAB One Account?
Unlike traditional current accounts that often impose strict balance requirements, the FAB One Current Account is built around flexibility and customer rewards.
Here are the standout benefits:
- No minimum balance: Maintain financial freedom without worrying about hidden penalties.
- Platinum Debit Card perks: A free FAB Platinum Mastercard comes bundled with the account, offering airport lounge access and exclusive lifestyle privileges.
- Reward system: Earn FAB Rewards Stars on debit card spending and account balances. These can be redeemed for Emirates Skywards Miles, Etihad Guest Miles, or even direct flight bookings via the Stars Travel portal.
- Lifestyle discounts: Special offers and promotions at premium retailers across Dubai and the UAE.
- Digital convenience: Instant account opening through the FAB Mobile App, secure online banking, and 24/7 access to your money.
💡 For residents of Dubai juggling fast-paced careers and lifestyles, these benefits make the account especially appealing.
FAB One Account Eligibility
Opening a FAB One Account in the UAE is straightforward, but there are a few important requirements:
- Age: Applicants must be 21 years or older.
- Residency: Only UAE residents are eligible.
- Employment status: Both salaried and self-employed (or non-salaried) individuals may apply.
- Salary/Deposit requirement:
- Salaried: Minimum monthly salary of AED 10,000.
- Non-salaried: Initial deposit of AED 10,000.
👉 Note: To fully benefit from FAB Rewards Stars, you’ll need to maintain a monthly average balance of AED 10,000.
Required Documents for FAB One Current Account
When applying, you’ll need to provide the following:
- Emirates ID (original and copy)
- Passport (with valid residence visa for expatriates)
- Proof of income (salary certificate or equivalent)
- Completed account opening form
All documents must be valid and originals presented for verification.
How to Open a FAB One Account in the UAE
FAB makes account opening simple through both digital and offline channels:
1. Online Banking & Mobile App
- Download the FAB Mobile Banking App from the App Store or Google Play.
- Register, choose the FAB One Account option, and follow the on-screen prompts.
- Alternatively, apply through FAB’s website or authorized online platforms like Paisabazaar.ae.
2. Offline (In-Branch)
Visit the nearest FAB branch with your documents and apply directly with a banking officer.
⚡ Pro tip: Digital onboarding is usually faster and offers instant card issuance via the FAB app.
FAB One Account Fees and Charges
Here’s a breakdown of key fees:
| Service | Charges |
|---|---|
| Account Opening | Free |
| Minimum Balance | Not required |
| Utility Payments (ATM/Online) | Free |
| Salary Non-Receipt Fee | Free |
| Account Closure (within 6 months) | AED 105 |
| Account Balance Letter | AED 52.5 |
| Liability Letters | AED 63 |
| Standing Instructions | AED 52.5 |
| Dormant Account Fee | Free |
| Teller Bulk Cash Deposits/Withdrawals | Free |
✔️ Compared to other UAE current accounts, the FAB One Account keeps fees minimal and transparent, making it cost-effective for professionals and entrepreneurs alike.
Rewards & Lifestyle Privileges
One of the most compelling features of the FAB One Account is its rewards ecosystem:
- FAB Stars Program
- Earn 1 Star for every AED 200 average balance (up to 50,000 Stars per month).
- Earn 0.5 Stars for every AED 2 spent on your FAB Platinum debit card.
- Redemption options:
- Convert Stars into airline miles (Etihad Guest or Emirates Skywards).
- Redeem via the Stars Travel portal for flights worldwide.
- Spend Stars with merchants who accept Visa through the Stars Card.
✈️ For frequent travelers, this makes the FAB One Account a hybrid between a current account and a travel rewards program.
Terms & Conditions to Keep in Mind
- FAB may impose transaction limits for security (withdrawals, transfers, and online payments).
- Accounts may be frozen if suspicious activity is detected.
- Overdrafts and foreign exchange services come with additional charges as per FAB’s policies.
- To close the account, customers must settle outstanding dues and return issued cards/chequebooks.
For the full list of terms, always refer to the official FAB schedule of charges.
Contact FAB
- 📞 Within UAE: 600 52 5500
- 🌍 Outside UAE: +971 2 681 1511
- 💻 Website: First Abu Dhabi Bank
FAB One Account FAQs
Q. What is the minimum balance for a FAB One Account?
There is no minimum balance requirement. However, maintaining AED 10,000 monthly balance ensures you earn rewards.
Q. What is the minimum salary to open a FAB One Current Account?
For salaried individuals, the minimum is AED 10,000 per month.
Q. Can non-salaried individuals open this account?
Yes. Non-salaried applicants must place an initial deposit of AED 10,000.
Q. Which currency is the FAB One Account available in?
It is available exclusively in AED (United Arab Emirates Dirham).
Q. What is the daily withdrawal limit for the Platinum Debit Card?
You can withdraw up to AED 20,000 per day.
Q. Are there fees for international transactions?
Yes, a 2.1% transaction fee + scheme charges apply on international transactions.
Q. What makes the FAB One Account better than other current accounts in the UAE?
Its combination of no balance fees, travel rewards, exclusive lifestyle perks, and seamless digital onboarding makes it stand out among current account options.
Final Thoughts
The FAB One Account is more than just a place to park your money — it’s a lifestyle account tailored to the cosmopolitan rhythm of Dubai and the UAE. With its no-balance policy, premium card benefits, travel rewards, and digital convenience, it bridges the gap between everyday banking and aspirational living.
For UAE residents seeking a hassle-free, reward-rich, and modern current account, FAB One remains one of the most competitive choices in the market.
🔗 Explore more guides on TheDubaiWeb.com for trusted insights on banking, lifestyle, and travel in Dubai.
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