An Elite Savings Account means so much more than just a savings account. You can open an Elite Savings Account instantly on the FAB Mobile app
As the name implies, you need to be in the elite class to open an elite savings account. You need a monthly income of AED 50,000 or more to qualify as a customer.
Below are the features, eligibility requirements, documents needed, and all the information you may need on FAB Elite Savings Account
- Multi-currency accounts with no minimum balance requirement
- Earn competitive interest rates**
- First international remittance free per month (only FAB charges are waived for remittance made from AED accounts)
- Tiered interest rate on AED savings account
- Elite Eligibility is 500,000 AED the Total Relationship Balance (TRB), 2,500,000 AED Mortgage or 50,000 AED Salary Transfer
TRB = Current/savings/call account balance + fixed deposits + investments
- The completed account opening form
- Copy of a valid passport/resident visa/Emirates ID (originals must also be presented)
- Proof of income
Note: Additional documents may be required on a case-by-case basis
Debit card benefits
Your Elite Saving Account comes with a free Elite World Mastercard debit card, which provides easy access to your money
- High daily ATM cash withdrawal (up to AED 25,000) and purchase limits (up to AED 75,000)
- Free cash withdrawals from any ATM in the UAE
- Four free cash withdrawals per month from any ATM outside the UAE
- Access to exclusive benefits and preferential treatment allowing World Mastercard cardholders to move seamlessly across the world to experience the best it has to offer
Rewarding in every way
With your Elite Saving Account, you will earn FAB Rewards when you spend using your debit card
- Earn 60 FAB Rewards for every AED 100 you spend domestically and 120 FAB Rewards for every AED 100 you spend internationally.
- Enjoy instant redemption at your fingertips and easily choose from an extensive selection of rewards such as shopping, cashback, paying your utility bills, dining out or booking your next holiday.
- Experience exclusive lifestyle rewards through our World Mastercard debit card. For details please.
Debit card daily limits
- ATM cash withdrawal limit AED 25,000
- Retail purchase transaction Limit AED 75,000