Opening a bank account in the UAE often comes with a range of requirements, including maintaining a minimum balance. However, several banks offer accounts that do not require a minimum balance, making banking accessible to a wider audience. Here is a list of some banks in the UAE that offer such accounts:
1. Al Maryah Community Bank
Account Type: Savings and Current Accounts
Features:
- No minimum balance requirement
- No initial deposit needed
- Instant virtual debit card issuance
- Digital and paperless transactions
- Easy account management through the Mbank UAE app
2. Mashreq Bank
Account Type: Easy Saver Account
Features:
- No minimum balance requirement
- Free debit card
- Access to online and mobile banking
- Free remittances and utility bill payments
- Exclusive lifestyle benefits and rewards
3. Emirates NBD
Account Type: Liv. Account
Features:
- No minimum balance requirement
- Digital-only bank account
- Instant account opening via the Liv. app
- Free debit card
- Budgeting tools and spend tracking
4. ADIB (Abu Dhabi Islamic Bank)
Account Type: Amwali Youth Account
Features:
- No minimum balance requirement
- Designed for young adults aged 18-24
- Free debit card
- Access to online and mobile banking
- Financial literacy tools and resources
5. Commercial Bank of Dubai (CBD)
Account Type: ESaver Account
Features:
- No minimum balance requirement
- Higher interest rates on savings
- Instant account opening
- Free online and mobile banking
- Access to exclusive discounts and offers
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6. RAKBANK
Account Type: Fast Saver Online Account
Features:
- No minimum balance requirement
- Higher interest rates on savings
- Instant account opening online
- Free debit card
- Access to online and mobile banking
7. Ajman Bank
Account Type: Ajman Payroll Account
Features:
- No minimum balance requirement
- Free debit card
- Online and mobile banking access
- Designed specifically for salaried employees
8. FAB (First Abu Dhabi Bank)
Account Type: FAB One Account
Features:
- No minimum balance requirement
- Free debit card
- Instant account opening
- Access to online and mobile banking
- Financial management tools
Conclusion
These banks offer convenient and accessible banking solutions without the burden of maintaining a minimum balance. Whether you are looking for a savings account, a current account, or a digital banking experience, these options provide flexibility and ease of use to meet your financial needs.
For more detailed information, you can visit the respective bank websites or contact their customer service representatives.
Sources:
- Al Maryah Community Bank
- Mashreq Bank
- Emirates NBD Liv.
- ADIB
- Commercial Bank of Dubai
- RAKBANK
- Ajman Bank
- First Abu Dhabi Bank
You can check this also: How to Open an Account at Mbank in the UAE
