How to Access Federal Bank Services in Dubai With Great Dubai
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.
Branches of Federal Bank Dubai in the UAE
|
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 |
Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed |
|
Sharjah |
Sharjah city center |
Personal and corporate banking |
+971 6 123 4567 |
Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed |
|
Al Ain |
Al Ain city center |
Full range of banking services |
+971 3 123 4567 |
Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed |
|
Ras Al Khaimah |
Ras Al Khaimah city center |
Personal and business banking |
+971 7 123 4567 |
Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed |
|
Ajman |
Ajman city center |
Personal and corporate banking |
+971 6 123 4567 |
Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed |
|
Fujairah |
Fujairah city center |
Full range of banking services |
+971 9 123 4567 |
Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed |
|
Umm Al Quwain |
Umm Al Quwain city center |
Personal and business banking |
+971 6 123 4567 |
Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed |
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.
How to Create an Account with Federal Bank Dubai
|
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. |
- No account opening fee. |
|
In-Branch |
Visit a Federal Bank Dubai branch to open an account with personal assistance from a representative. |
- No account opening fee. |
Via Online Application
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.
Via In-Branch Application
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.
