Everyone needs to open an FAB iSave Account as it is important to manage savings easily. For this purpose, First Abu Dhabi Bank (FAB), one of the largest banks in the UAE, provides a reliable and convenient process. In this detailed blog, we will explore how to open an 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
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
Customer Support
24/7 support via phone, email, and chat
Security Features
Advanced security measures, including OTP and biometric authentication
Every resident and visitor needs to understand the FAB iSave Account as it offers flexibility to manage their savings. Moreover, it also provides beneficial interest rates and the comfort of digital banking.
Must Read: Check Your FAB Balance Online Anytime, Anywhere | Simple Steps to Follow
One of the key benefits of the FAB iSave account is it does not require any minimum balance like other saving accounts. This feature makes it preferred among residents and visitors in the UAE.
In the UAE, you can comfortably manage your savings anytime and anywhere with the help of FAB mobile banking.
FAB iSave Account has no maintenance fees which offers comfort and peace of mind to customers.
FAB offers top-class security services that protect your account and personal details.
Account Balance (AED)
Interest Rate (p.a.)
Up to 10,000
0.50%
10,001 - 25,000
0.75%
25,001 - 50,000
1.00%
50,001 - 75,000
1.10%
75,001 - 100,000
1.25%
100,001 - 250,000
1.35%
250,001 - 500,000
1.40%
500,001 - 1,000,000
1.45%
Above 1,000,000
1.50%
FAB iSave Account allows you to manage your savings and offers attractive interest rates. Moreover, it also ensures that your savings grow faster.
Step
Description
Visit the FAB Website or App
Access FAB's official website or download the mobile app.
Register or Log In
Log in with existing credentials or create a new iSave account.
Select 'Open a New Account'
Go to the section for opening a new account and choose iSave.
Provide Personal Information
Fill out the form with personal details like name and contact.
Verify Your Identity
Upload Emirates ID, passport, utility bill, and possibly tenancy contract.
Review and Agree to Terms
Review all provided information and agree to the terms.
Submit Your Application
Submit the iSave account application and await confirmation via email or SMS.
Account Activation
Your iSave account will be activated after the approval process.
Must Read: How to Check Your Salary in FAB: A Step-by-Step Guide
If you are willing to open a FAB iSave Account then you have to visit the FAB official website. Moreover, you can also download the Mobile application for this purpose. The app provides reliable and smooth ways to do the whole process of opening an account.
After accessing the website or mobile application, you have to log in by providing your credentials. Moreover, if you are using it for the first time then first create a username and password. Your basic information like name, email address, and mobile number is required for this process.
After logging, you have to find the section that is normally labeled as “Open a New Account. After that, you have to click on the iSave account from the list of accounts.
In this step, you have to fill out the application form by providing your personal information. These vital details are your full name, date of birth, and nationality. Moreover, contact details are important to avoid any hassle and issues.
After completing the application form, In this step, you have to verify your identity. For this purpose, you have to upload an Emirates ID card, passport, and utility bill. Moreover, a tenancy contract may be required to confirm your address.
Always remember to review and ensure that all information is correct before finalizing your application. Moreover, it is vital to read the terms and conditions of the iSave Account to avoid any issues.
After completing all the required steps now it's time to submit your application. Moreover, you will receive a confirmation email or SMS from FAB in a few days
At last, when your application is approved your iSave account is activated.
If you are aiming to open a FAB iSave account then use the option of the official website of FAB or mobile app. Moreover, for account opening purposes, you have to fill out an application form and upload all important documents.
If you open a FAB iSave Account it offers flexibility to manage your savings and provides attractive interest rates.
If you want to open a FAB iSave Account then you must have to verify your identity by providing your Emirates ID. Moreover, you must also have a passport, utility bill, and tenancy contract.
In the UAE, the FAB mobile app is one of the smoothest and most reliable ways to open an FAB iSave account.
16 Sep 2024
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