What is Blocked Amount in FAB With Great Dubai

What is Blocked Amount in FAB With Great Dubai

What is Blocked Amount in FAB

In this digital age, understanding the term “blocked amount” is important for you to manage your finances. If you are a customer of First Abu Dhabi Bank (FAB) then you need to understand what a blocked amount is. Moreover, it normally arises due to reasons like the rental company blocking their security deposit amount when you use an FAB credit card for a rental car. In this detailed blog, we will discuss what is the blocked amount in FAB and how to manage it.

Blocked Amount Type

Description

Typical Duration

Fees (if any)

Pending Transactions

Held for card transactions

1-7 days

None

Security Deposits

Held for rentals (car, hotel)

Until service completion

None

Regulatory Compliance

Held due to legal requirements

Varies

None

Fraud Prevention

Held to prevent unauthorized transactions

Until verification

None

Merchant Holds

Temporary merchant holds

1-14 days

None

Loan Processing Hold

Held during loan processing

Until loan approval

None

Overdraft Protection

Held to cover potential overdrafts

Continuous

Varies

What is Blocked Amount

The temporary frozen amount that is not allowed to be used is known as the blocked amount. When your fav account is blocked, you are not allowed to use any amount until the blog is lifted. Moreover, it is vital for every FAB user to understand the reason that blocks your amount.

Common Reasons for Blocking Amounts

Pending Transaction

Pending transactions are one of the common reasons which may block your amount. If you buy anything online by debit or credit card then merchants block a certain amount. Moreover, when your transaction is completed they release the hold.

Security Deposits

It is also the main reason which resulted in blocking your amount. For example, if you rent a car from any rental company, they block their security deposit fee on your card. Furthermore, when you return your car the block is lifted and there are no extra charges for it.

Must Read: Check Your FAB Balance Online Anytime, Anywhere | Simple Steps to Follow

How does a Blocked Amount Affect your Account

Overdraft Risk

If there is any blocked amount in your FAB account it may create the risk of overdrawing. Moreover, it may also result in overdraft fees and other penalties. 

Delay transactions

Block amounts also affect your transactions. For example, if you have purchased something large, the blocked amount cannot allow transaction until the hold is released.

Must Read: How to Cancel Your FAB Credit Card: A Step-by-Step Guide

Methods to Check Blocked Amount in FAB

Method

Description

Processing Time

Fees (if any)

Online Banking

Check through FAB's website

Immediate

None

Mobile Banking App

Check via FAB's mobile app

Immediate

None

Customer Service

Inquire by phone

1-2 business days

None

Visit a Branch

Check in person at a FAB branch

Immediate

None

Email Inquiry

Inquire via email

1-3 business days

None

ATM

Check at a FAB ATM

Immediate

None

Online Banking

One of the most comfortable ways to check the blocked amount in your FAB account is online banking.

Visit FAB Online Banking: If you are willing to check the blocked amount then you have to visit the official website of FAB online banking.

Log In: After accessing the website, you have to log in by using your credentials.

Navigate to Account details: After login, you have to navigate to the “Accounts'' section. Moreover, then you have to click on “pending transactions” to check any blocked amount.

Check for pending transactions: At last, the system displays your blocked amount which you have to clear.

Must Read: How to Check Your Salary in FAB: A Step-by-Step Guide

Visit a Branch

Branch Name

Location

Opening Hours

Closing Hours

Contact Info

FAB Downtown Branch

Downtown Dubai, Sheikh Zayed Road

8:00 AM

3:00 PM

+971 4 123 4567

FAB Al Barsha Branch

Al Barsha, Dubai

8:00 AM

3:00 PM

+971 4 234 5678

FAB Deira Branch

Deira, Dubai

8:00 AM

3:00 PM

+971 4 345 6789

FAB Jumeirah Branch

Jumeirah, Dubai

8:00 AM

3:00 PM

+971 4 456 7890

FAB Abu Dhabi Branch

Abu Dhabi City Centre

8:00 AM

3:00 PM

+971 2 123 4567

FAB Al Ain Branch

Al Ain, Abu Dhabi

8:00 AM

3:00 PM

+971 3 234 5678

FAB Sharjah Branch

Sharjah, Al Gulaya'a

8:00 AM

3:00 PM

+971 6 345 6789

FAB Ras Al Khaimah Branch

Ras Al Khaimah

8:00 AM

3:00 PM

+971 7 456 7890

If you are looking to check any blocked amount then you can visit the FAB branch during working hours. 

Locate a Branch: For checking purposes, you have to go to the nearest branch.

Speak with a Representative: Now you have to ask the representative, you want to check my blocked amount.

Provide details: The next step is to provide all the details and information that the representative wants.

Hear the amount: At last, you remember to hear any blocked amount carefully and clear it as soon as possible.