FAB Elite Current Account
First Abu Dhabi Bank (FAB) is a very popular bank in the UAE that offers customers a variety of accounts, including current, savings, elite accounts, and more. Among them, the FAB Elite Current Account stands out, which offers you a number of benefits such as free international transfers and an Elite Gold MasterCard debit card.
If you are considering opening your own current account in the UAE, the FAB Elite Account could be the best option for you. Here is an overview of its many features, eligibility requirements, benefits, fees, and more. Also, check your FAB balance via FAB Balance Check to get more details about your account status.
How to Apply for FAB Elite Current Account
You can open an Elite Current Account without any hassle in a few different ways:
Top Reasons to Choose FAB Elite Account
- 60 FAB Rewards for every AED 100 spent in the UAE.
- 120 FAB rewards for every AED 100 spent abroad.
- 8 FAB rewards per AED 1,000 average balance (with a minimum monthly balance of AED 10,000).
Benefits and Features of Elite Current Account
Eligibility Criteria of Elite Current Account
Anyone who wants to open a FAB Elite Account must meet the following requirements:
Documents Required for Opening a FAB Elite Current Account
To open a Elite Current Account, you need:
Note: Banks may also request additional documents based on your application.
Fees & Charges on FAB Elite Current Account
The following is a schedule of charges on the FAB Elite Current Account (prices inclusive of VAT) –
Fees on FAB Elite Current Account
| Type of Charge on FAB Elite Current Account | Maximum Fees |
|---|---|
| Minimum balance requirement | None |
| Low balance charge | None |
| Closure of account | AED 105 |
| Account statement | Free in the specified cycle – the bank charges AED 26.25 otherwise |
| Teller service | 8 free per month (afterwards at AED 10) |
| Release (clearance) letter | AED 52.50 |
| Interest on the debit balance | 19% per annum (at least AED 175 per month) |
| Telegraphic transfer in AED (Dirham) | AED 5.25 |
| Telegraphic transfer in Euro, USD, and AUD | AED 105 |
| All telegraphic transfers except in Dirhams, Euro, USD, and AUD | AED 84 |
| Manager’s cheque or demand draft | AED 31.50 |
| Setting up standing instructions | AED 52.50 |
| Penalty for insufficient funds for standing order | AED 25 |
Fees on Cheque Facility associated with FAB Elite Current Account
| Type of Charge | Amount |
|---|---|
| Cheque book | Free (unlimited) |
| Returned cheque fees (when deposited into your account) | None |
| Returned cheques fees (when drawn on your account) | AED 100 |
| Stop payment instructions (cheque) | AED 52.50 |
| Special clearing of the non-FAB cheque | AED 205 |
Fees on the Debit Card associated with FAB Elite Current Account
| Type of Charge | Amount |
|---|---|
| For issuing the primary card | NIL |
| Replacement for lost/stolen card | AED 26.25 |
| Own ATM fees | NIL |
| Fees for using other bank’s ATMs in the UAE | NIL |
| Fees for using an ATM outside the UAE | As per the host country system (1 free per month) |
| Processing fee for foreign currency transactions added to the foreign exchange rate | 2.1% of transaction rate |
| Copy of sales slip | AED 26.25 |
