Opening FAB Account Online

Opening a bank account online has become a staple of modern convenience, allowing you to bypass lengthy queues and paperwork. If you’re looking to open an account with First Abu Dhabi Bank (FAB), this detailed guide will walk you through each step, ensuring a smooth and straightforward process.

Account Opening Procedure

For Residents

Residents of the UAE can open an account by providing their Emirates ID, proof of residence, and employment details. The process is efficient and can be done entirely online, from application to approval.

For Non-residents

Non-residents need to provide their passport, a visa entry stamp, and sometimes proof of residence or employment in their home country. While the process is similar to that for residents, additional documents might be required to comply with international banking regulations.

What You’ll Need Before You Start

Before diving into the application process, it’s crucial to have the following items handy:

• • A valid Emirates ID

• • Your current residential address details

• • Employment information

• • Tax residency details

Step By Step FAB account opening Process

Choose the Type of Bank Account

FAB offers various account types, catering to different needs, including savings accounts, current accounts, and investment accounts. Consider what you need from your bank account:

• • Savings Account: Ideal for earning interest on your money.

• • Current Account: Suitable for daily transactions and managing your cash flow.

• • Investment Account: Best if you’re looking to invest.

Selecting to Open an Account

Navigate to the FAB website, and find the ‘Open an Account’ button. This is your first step into a world of digital banking that promises both security and accessibility.

Enter Your Contact Information

You’ll start by entering your basic contact information:

• • Phone number

• • Email address

• • Residential address

This information will be used to communicate important account details and updates.

Authentication with OTP

After submitting your contact details, you’ll receive a One-Time Password (OTP) on your phone. This adds an extra layer of security by verifying that the information you provided is correct.

Adding Your Personal Details

This part of the process involves more in-depth information about yourself, including:

• • Full name

• • Date of birth

• • Nationality

Select Your Account Type

Here, you will choose the type of account you want to open based on your earlier decision.

Scan and Verify Your Emirates ID

Scanning your Emirates ID is straightforward. Follow the on-screen instructions to capture a clear image of your ID. This will be used to verify your identity and ensure all details match your application.

Verifying Your Emirates ID

Once scanned, the system will automatically verify the details on your Emirates ID with your entered information, ensuring everything is up-to-date and correct.

Enter Your Employment Details

Provide information about your employment status, employer name, and your position. This helps in assessing your financial standing.

Review Your Details

Take a moment to review all the information you’ve entered. It’s important to check for any errors that could delay your account opening process.

Enter Your Home Country Address

If you’re an expat, you’ll need to provide details of your address in your home country. This is typically required for compliance with international banking regulations.

Verify the Name on Your Card

You’ll have the option to verify or modify the name that will appear on your bank card. Make sure it matches your official documents.

Complete the Tax Declaration

Fill out your tax status, which includes disclosing whether you pay taxes in another country. This information is crucial for compliance with global tax laws.

Customer Declaration

Read through the customer declaration form carefully and submit your agreement. This form includes consent to the bank’s terms and conditions.

Welcome to FAB

Congratulations! Once all steps are completed, you’ll receive a confirmation of your new bank account. Welcome to FAB, where your financial journey can truly begin.

FAB offers a range of features across its banking products, including high-tech online banking services, competitive interest rates, and access to a wide network of ATMs and branches across the UAE and abroad.

Open FAB Personal Bank Account

Eligibility Criteria

To open a personal bank account with FAB, applicants must be at least 18 years old and provide valid identification, proof of income, and residency details.

FAB Required Documents

Required documents include a valid Emirates ID for residents, passport for non-residents, proof of income (such as a salary certificate), and residence proof (like a utility bill or rental agreement).

Commercial Banking in FAB

Business Basic Account

Designed for SMEs, the Business Basic Account offers straightforward banking solutions with low maintenance fees, online banking facilities, and easy chequebook access.

Business Call Account

Ideal for businesses looking for liquidity, the Business Call Account provides flexible access to funds while earning interest on the account balance.

FAB One Account

Features

The FAB One Account combines the features of both a savings and a checking account, offering high flexibility with attractive interest rates, minimal fees, and easy access to funds.

Eligibility

Eligibility includes maintaining a minimum monthly balance and proving a regular income source, making it ideal for salaried individuals or steady income earners.

FAB Savings Account

Features

The FAB Savings Account is designed to help customers grow their savings with competitive interest rates, no monthly fees, and easy access to funds through online and mobile banking.

Eligibility

Applicants must provide proof of residency and income. There is typically a minimum deposit requirement, which varies depending on the specific product offering.

Conclusion

With a broad range of products tailored to meet the needs of individuals, expatriates, and businesses, FAB provides one of the most comprehensive banking experiences in the UAE. Whether you’re opening your first account or expanding business operations, FAB’s streamlined process and robust features make it a top choice for banking in the region. Start your application today and experience the convenience and security of banking with First Abu Dhabi Bank.