How to Open a FAB iSave Account:-

What is a FAB iSave Account?

The FAB iSave Account is a high-interest savings account offered by First Abu Dhabi Bank (FAB), designed to help customers grow their savings with competitive interest rates and flexible access. This account is tailored for individuals who want to maximize their savings potential while enjoying the convenience of digital banking.

How to Open a FAB iSave Account:-

How to Open a FAB iSave Account:-

Opening a FAB iSave Account is a simple and straightforward process that can be completed online. The account is available to both new and existing FAB customers, providing them with an easy way to enhance their savings with minimal effort.

How to Apply Online for a FAB iSave Account:-

  1. Visit the FAB Website: Navigate to the official FAB website and select the iSave Account from the list of savings products.
  2. Fill Out the Application Form: Complete the online application form with your personal details, including name, contact information, and identification details.
  3. Upload Required Documents: Submit digital copies of the required documents, such as your Emirates ID or passport.
  4. Review and Submit: Review your application for accuracy and submit it for processing.
  5. Confirmation: Once your application is reviewed and approved, you will receive confirmation via email or SMS. You can then access your iSave Account through FAB’s online banking or mobile app.

Who Can Open a FAB iSave Account?

The FAB iSave Account is available to:

  • Individuals: Both UAE residents and non-residents can open the account.
  • New Customers: Individuals who do not currently have an account with FAB.
  • Existing Customers: Current FAB customers who want to open an additional savings account.

Required Documents to Open a FAB iSave Account:-

To open a FAB iSave Account, the following documents are typically required:

  • For UAE Residents:
    • Valid Emirates ID
    • Passport copy with a valid visa (for expatriates)
    • Proof of address (utility bill or tenancy contract)
  • For Non-Residents:
    • Passport copy
    • Proof of address (utility bill or bank statement)

Features of the FAB iSave Account:-

Feature

Details

Account Type

Online Savings Account

Interest Rate

Up to 1.5% p.a. (varies based on balance)

Minimum Balance Requirement

None

Maintenance Fees

None

Opening Balance Requirement

AED 0

Interest Calculation

Daily

Interest Payment

Monthly

Accessibility

24/7 through FAB Mobile App and Online Banking

Fund Transfers

Free transfers between FAB accounts

Automatic Savings Plan

Available

Online Banking Registration

Free

SMS Alerts

Free

Customer Support

24/7 support via phone, email, and chat

Security Features

Advanced security measures, including OTP and biometric authentication

Benefits of the FAB iSave Account

  • Financial Growth: The high-interest rates allow for greater savings growth over time.
  • Convenience: Access and manage your account 24/7 through digital channels, ensuring you can track your savings at your convenience.
  • Cost-Effective: With no fees or minimum balance requirements, all your savings go directly toward your financial goals.
  • Flexibility: The ability to deposit funds anytime provides the flexibility to save according to your schedule.
  • Security: Your funds are secured by one of the UAE’s leading banks, ensuring peace of mind.

Conclusion:-

The FAB iSave Account offers a smart and convenient way to grow your savings with competitive interest rates, no minimum balance requirements, and easy digital access. Whether you’re a UAE resident or a non-resident, opening an iSave Account is a seamless process that can be completed online with minimal documentation. With its array of features designed to encourage consistent saving, the FAB iSave Account is an excellent choice for anyone looking to maximize their financial potential. Start saving today and take control of your financial future with the ease and flexibility of a FAB iSave Account.