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.
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
AED 5,000
AED 50 (if balance falls below minimum)
Fixed Deposits
Minimum deposit
AED 10,000
2.0% - 3.5% per annum
Early withdrawal penalty
Varies based on tenure
Personal Loans
Starting from 3.99% per annum
Processing fee
1% of the loan amount (min AED 500)
Late payment fee
AED 200
Home Loans
Starting from 2.99% per annum
0.75% of the loan amount
Early settlement fee
1% of the outstanding amount
Credit Cards
Annual fee
AED 200 - AED 1,000
2.99% - 3.49% per month
AED 250
Cash advance fee
3% of the amount (min AED 100)
Business Accounts
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
Additional cheque books
AED 25 per book
Online Banking
Online banking access
Fund transfer fee (within bank)
Fund transfer fee (other banks)
AED 2 - AED 5
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.
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.
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.
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City
Location
Services
Contact No
Operating Hours
Dubai
Downtown Dubai
Full range of banking services
+971 4 123 4567
Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed
Abu Dhabi
Abu Dhabi city center
Personal and business banking
+971 2 123 4567
Sharjah
Sharjah city center
Personal and corporate banking
+971 6 123 4567
Al Ain
Al Ain city center
+971 3 123 4567
Ras Al Khaimah
Ras Al Khaimah city center
+971 7 123 4567
Ajman
Ajman city center
Fujairah
Fujairah city center
+971 9 123 4567
Umm Al Quwain
Umm Al Quwain city center
To provide an extensive range of services to customers in the UAE, Federal Bank Dubai offers a well-managed network of branches. These branches ensure that you can enjoy reliable and convenient banking experiences in any city of this bustling country. Federal Bank Dubai allows you to open accounts, cash management, and other banking needs in the UAE.
Method
Overview
Fees
Online Application
Open an account via the Federal Bank Dubai website for a quick and convenient process.
- No account opening fee.
Mobile App
Use the Federal Bank Dubai mobile app to apply for an account anytime, anywhere.
In-Branch
Visit a Federal Bank Dubai branch to open an account with personal assistance from a representative.
One of the smooth ways to create an account with Federal Bank Dubai is through their official website in the UAE.
Visit the Website: To create an account with Federal Bank Dubai you have to visit the official website.
Select Account Type: After accessing now you have to choose the type of account which you want to open like savings and current.
Fill out the Application Form: After that, you have to fill out the online application form by providing your all personal details.
Upload Documents: In this step, you have to upload all required documents according to the instructions. These vital identification documents are valid Emirates ID, Passport copy, Proof of address, and Passport-sized photograph.
Review and Submit: Always remember to review and ensure that all information is correct before submitting your application.
Verification: The verification process of your documents and the process of your application is an important step in creating an account.
Account Activation: At last, when your application is approved you will receive your account details and banking credentials via email. And your account is activated.
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If you are willing to create an account with Federal Bank Dubai then visit their physical branch. Furthermore, it is without the need for the Internet and face-to-face interaction.
Visit a Branch: For account opening purposes, you have to find the nearest Federal Bank Dubai branch to start the process.
Meet a Representative: Now you have to speak with the representative, I am looking to create an account.
Complete Application Form: The next step is to take the form from the representative and fill it out with attention.
Submit Documents: Now you have to provide all required documents according to the instructions of the representative. Moreover, these important documents are valid Emirates ID, Passport copy, Proof of address, and Passport-sized photograph.
Initial Deposit: Always remember to make the required initial deposit if it is applicable.
Verification: The representative makes a verification process of your documents and processes your application.
Account Activation: At last, upon approval of your application, you will receive your account details. Moreover, the representative also hands over your relevant banking materials like a cheque book or debit card.
If you create an account with Federal Bank Dubai it allows you to 24/7 access your account and retirement plans.
In the UAE, the Federal Bank Dubai official website is one of the reliable ways to create an account.
Federal Bank Dubai is not owned by any single individual or entity. Moreover, it is a publicly traded company with shares held by various investors.
If you are willing to create an account with Federal Bank Dubai in the UAE then you must have a valid Emirates ID and proof of address. Moreover, you also have to submit a Passport copy and a Passport-sized photograph.
Yes, If you are aiming to create an account with Federal Bank Dubai then you can visit your nearest branch. Moreover, for account opening purposes, you have to fill out an application form and provide all required documents.
12 Sep 2024
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