FAB Mobile App Current Account Features
Opening an Account:
- Instantly open a current account through the FAB Mobile app.
- Requires a monthly income of AED 3,000 or more.
Cashback Bonus:
- Transfer your salary to FAB and receive a cashback bonus.
- Cashback is provided in the form of FAB Rewards, redeemable as cashback, miles exchange, utility bill payments, and more.
- Limited time offer with cashback rates for new salary transfers:
- UAE Nationals: Up to 5% cashback (maximum AED 3,000).
- Expatriates: Up to 3% cashback (maximum AED 1,500).
Cashback Rates:
UAE Nationals:
- AED 5,000 to AED 25,000: 2.5%
- AED 25,000 to AED 50,000: 3%
-
AED 50,000: 5%
Expatriates:
- AED 5,000 to AED 25,000: 2%
- AED 25,000 to AED 50,000: 2.5%
-
AED 50,000: 3%
Additional Cashback Details:
- Cashback will be credited as FAB Rewards in the third month following two consecutive salary transfers.
- Existing FAB customers with salary transfers are not eligible.
Account Features:
- Free MasterCard & Debit Card.
- Free first cheque book (upon account opening).
- Free lounge access at selected airports.
Eligibility:
- Must be a resident of the UAE.
- Applicable for salaried, self-employed, or non-salaried individuals.
Required Documents:
- 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:
FAB Standard Debit Card:
- Daily ATM withdrawal limit: AED 10,000.
- Daily retail purchase transaction limit: AED 20,000.
FAB Platinum Debit Card:
- Daily ATM withdrawal limit: AED 15,000.
- Daily retail purchase transaction limit: AED 40,000.
