Federal Bank Dubai: Your Trusted Banking Partner in the UAE
Federal Bank Dubai
In the UAE, whether you are a visitor or resident Banks are smart and prefer options that offer financial services. Federal Bank Dubai is one of the leading financial institutions which provide a wide range of banking services in the UAE. It was founded in 1984 and makes itself prominent due to its innovative and customer-centric financial solutions. Furthermore, the commitment of Federal Bank Dubai to wealth management and investment services enhances your experience. In this detailed blog, we will discuss services, account opening, and the branches of Federal Bank Dubai.
Services Offered by Federal Bank Dubai
|
Service |
Details |
Fees/Charges |
|
Savings Account |
Minimum balance requirement |
AED 3,000 |
|
Monthly maintenance fee |
AED 25 (if balance falls below minimum) |
|
|
Interest rate |
1.5% per annum |
|
|
Current Account |
Minimum balance requirement |
AED 5,000 |
|
Monthly maintenance fee |
AED 50 (if balance falls below minimum) |
|
|
Fixed Deposits |
Minimum deposit |
AED 10,000 |
|
Interest rate |
2.0% - 3.5% per annum |
|
|
Early withdrawal penalty |
Varies based on tenure |
|
|
Personal Loans |
Interest rate |
Starting from 3.99% per annum |
|
Processing fee |
1% of the loan amount (min AED 500) |
|
|
Late payment fee |
AED 200 |
|
|
Home Loans |
Interest rate |
Starting from 2.99% per annum |
|
Processing fee |
0.75% of the loan amount |
|
|
Early settlement fee |
1% of the outstanding amount |
|
|
Credit Cards |
Annual fee |
AED 200 - AED 1,000 |
|
Interest rate |
2.99% - 3.49% per month |
|
|
Late payment fee |
AED 250 |
|
|
Cash advance fee |
3% of the amount (min AED 100) |
|
|
Business Accounts |
Minimum balance requirement |
AED 10,000 |
|
Monthly maintenance fee |
AED 100 (if balance falls below minimum) |
|
|
Remittance Services |
Domestic transfers |
AED 5 - AED 25 |
|
International transfers |
AED 50 - AED 100 |
|
|
ATM Services |
ATM withdrawal fee (own bank ATMs) |
Free |
|
ATM withdrawal fee (other bank ATMs) |
AED 2 - AED 6 |
|
|
Cheque Book |
First cheque book |
Free |
|
Additional cheque books |
AED 25 per book |
|
|
Online Banking |
Online banking access |
Free |
|
Fund transfer fee (within bank) |
Free |
|
|
Fund transfer fee (other banks) |
AED 2 - AED 5 |
Digital Banking
In the UAE, if you choose Federal Bank Dubai then you can 24/7 access your account and make payment of your bills. Moreover, the bank also allows you to withdraw your cash, deposits, and other services at different ATMs in this country.
Wealth Management
With Federal Bank Dubai you can experience different investment services like portfolio management and investment products. Moreover, the banks also provide you with insurance solutions and retirement plans to secure your financial future.
Business Banking
Federal Bank Dubai allows its customers to experience accounts for large corporations and cash management. Moreover, in this reputable bank, you can also avail of the option of services like term loans and trade finance.
Must Read: HDFC Bank: A Guide to India’s Top Private Bank With Great Dubai
Branches of Federal Bank Dubai in the UAE
Federal Bank Dubai operates through strategically located branches across the UAE, ensuring easy accessibility for both residents and businesses. Each branch is equipped with dedicated customer service representatives, advanced banking facilities, and comfortable service areas to enhance your banking experience.
1. Dubai Main Branch
-
Location: Near Al Fahidi Metro Station, Bur Dubai
-
Services: All banking services including account opening, remittances, loans, and investment products
-
Timings: Monday to Saturday – 8:00 AM to 2:00 PM (Closed on Sunday)
2. Deira Branch
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Location: Al Maktoum Road, Deira, Dubai
-
Services: Personal and business banking, loan applications, wealth management
-
Timings: Monday to Saturday – 8:00 AM to 3:00 PM
3. Abu Dhabi Branch
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Location: Hamdan Street, Opposite Al Salama Hospital, Abu Dhabi
-
Services: Corporate banking, investment solutions, cash management
-
Timings: Monday to Saturday – 8:30 AM to 2:30 PM
4. Sharjah Branch
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Location: King Faisal Street, Al Majaz, Sharjah
-
Services: Savings and current account services, deposits, loan applications
-
Timings: Monday to Saturday – 8:00 AM to 2:00 PM
