| Minimum Salary | Currencies | Features | |
|---|---|---|---|
FAB - Personal Current Account
|
Minimum Salary: AED 10,000 | Currencies: AED | Features: Airport Lounge Access, Free Cheque Book, Free Credit/Debit Card |
Open a current account instantly on the FAB Mobile app
Get a cashback bonus when you transfer your salary to FAB
Limited time offer
Get up to 3% cashback for expatriates and up to 5% cashback for UAE Nationals in the form of FAB Rewards on new salary transfers, and enjoy a loyalty programme that is second to none. The FAB Rewards you earn from your salary transfer can be redeemed in multiple ways, including cashback, miles exchange, utility bill payments and more.
- The FAB Salary Cashback pays up to 5% cashback (a maximum of AED 3,000) for UAE Nationals and up to 3% cashback (a maximum of AED 1,500) for expatriates
UAE Nationals
Monthly Salary Slabs Cashback AED 5,000 to AED 25,000 2.5% AED 25,000 to AED 50,000 3% > AED 50,000 5%
| Monthly Salary Slabs | Cashback |
| AED 5,000 to AED 25,000 | 2.5% |
| AED 25,000 to AED 50,000 | 3% |
| > AED 50,000 | 5% |
Expatriates
| Monthly Salary Slabs | Cashback |
| AED 5,000 to AED 25,000 | 2% |
| AED 25,000 to AED 50,000 | 2.5% |
| > AED 50,000 | 3% |
- The FAB Salary Cashback will be credited as FAB Rewards in the third month following two consecutive salary transfers
- Existing FAB customers with salary transfer are not eligible
- Free MasterCard & Debit Card
- Free first cheque book (upon account opening)
- Free lounge access at selected airports
Eligibility:
- Applicants must be residents of UAE
- Salaried, Self-employed or non-salaried
Required Documents:
- A complete account opening form
- Copy of valid Passport / Resident Visa / Emirates ID (Originals must also be presented)
- Salary Certificate or Reference Letter (Dated within the last 30 days)
Debit card daily limits
- Debit cardDaily ATM withdrawal limitDaily retail purchase transaction limit
- FAB Standard debit cardAED 10,000AED 20,000
- FAB Platinum debit cardAED 15,000AED 40,000
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
