{"id":108,"date":"2021-10-20T19:36:31","date_gmt":"2021-10-20T19:36:31","guid":{"rendered":"https:\/\/gulfweeks.com\/?p=108"},"modified":"2023-01-06T22:07:57","modified_gmt":"2023-01-06T22:07:57","slug":"0-balance-account-opening-in-uae","status":"publish","type":"post","link":"https:\/\/www.gulfweeks.com\/0-balance-account-opening-in-uae\/","title":{"rendered":"0 balance account opening in UAE 2023"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Banks in the United Arab Emirates have started to provide accounts with no minimum balance requirement. A zero-balance account is a sort of account in which there is no balance. So, if you&#8217;re thinking about opening an account and want to know what the requirements, limitations, and benefits are, as well as which bank is the best to open a zero-balance account with, this is the place to go. I&#8217;ll go through each and every detail you&#8217;re interested in.<\/span><\/p>\n<blockquote><p>It may interest you: <a href=\"https:\/\/gulfweeks.com\/uae-bank-account-without-minimum-salary\/\" target=\"_blank\" rel=\"noopener\">UAE bank account without minimum salary<\/a><\/p><\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_63 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.gulfweeks.com\/0-balance-account-opening-in-uae\/#0_balance_account_opening_in_UAE_%E2%80%93_Documents_Required\" title=\"0 balance account opening in UAE &#8211; Documents Required\">0 balance account opening in UAE &#8211; Documents Required<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"0_balance_account_opening_in_UAE_%E2%80%93_Documents_Required\"><\/span><span style=\"color: #115571;\"><b>0 balance account opening in UAE &#8211; Documents Required<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">I will start with the easiest, the required documents to open zero-balance account.<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">The candidates&#8217; original passports and a copy of it<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Your original Emirates ID and an original copy might be required by some banks.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">A copy of the resident&#8217;s visa, student ID, or any other kind of identification that the bank may require.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Utility bills as proof of the applicants&#8217; addresses<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Some banks might request additional information, for example; for salaried employees, a salary certificate is required, as is a trade license for self-employed individuals.<\/span><\/li>\n<\/ol>\n<p>Now, in this section, I&#8217;ll give you an overview of the best banks that provide zero-balance accounts, as well as the benefits and drawbacks of each.<\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">ADIB Smart Banking Account<\/span><\/li>\n<li><span style=\"font-weight: 400;\">CBD ESaver Account<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Emirates NBD Liv Account<\/span><\/li>\n<li><span style=\"font-weight: 400;\">FAB iSave Account<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Mashreq Happiness Account<\/span><\/li>\n<\/ol>\n<h3><span style=\"color: #ff6600;\"><b>ADIB Smart Banking Account<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the best zero balance accounts in the United Arab Emirates as you may open an account online and get started right away.<\/span><\/p>\n<p><b>What are the benefits of opening an account in this bank?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">A free debit card is available.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">There are no fees for withdrawing cash from ADIB ATMs.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Gain profit on every AED in your account.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Discounts on dining, shopping, and other services are available.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">One free transfer per month is available.<\/span><\/li>\n<\/ul>\n<p><b>What are the limitations for opening an account in this bank?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Applicants must be between the ages of 18 and 24 and they\u2019re students or have a minimum salary of AED 5000, or be housewives.<\/span><\/p>\n<h3><span style=\"color: #ff6600;\"><b>CBD ESaver Account<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You can earn up to 1.5% profit, and you can start an account with CBD online banking right away.<\/span><\/p>\n<p><b>What are the benefits of opening an account in this bank?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">There are no fees if you don&#8217;t keep a minimum balance in your account.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Three debits from the Esaver account per month (transfers, payments, etc.)<\/span><\/li>\n<\/ul>\n<p><b>What are the limitations for opening an account in this bank?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">You must already be a CBD customer.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">AED 5000 is the minimum wage requirement.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">If you have more than three debits per month, you will lose your interest rate.<\/span><\/li>\n<\/ul>\n<h3><span style=\"color: #ff6600;\"><b>Emirates NBD Liv Account<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Provides an international debit card with a 1.5% to 2% interest rate and up to 50% off dining, entertainment, and leisure.<\/span><\/p>\n<p><b>What are the benefits of opening an account in this bank?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Using the Liv. the app, you may instantly open a bank account.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The Liv. app allows you to manage your account and transactions.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">There are no expenses for upkeep.<\/span><\/li>\n<\/ul>\n<p><b>What are the limitations for opening an account in this bank?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Your account should have a minimum monthly balance of AED 2500 (or) a transfer salary of AED 4000 (or) a minimum monthly balance of AED 1000 per month.<\/span><\/p>\n<h3><span style=\"color: #ff6600;\"><b>FAB iSave Account<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you already have a FAB account, you can open an iSave account through the bank&#8217;s mobile app or through net banking.<\/span><\/p>\n<p><b>What are the benefits of opening an account in this bank?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">A profit rate of 3% (annually) is guaranteed.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">There are no monthly payments for upkeep.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">There are no restrictions on how much money you can withdraw from your account.<\/span><\/li>\n<\/ul>\n<p><b>What are the limitations for opening an account in this bank?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Instant account opening is only available to current FAB bank customers.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">No debit card is provided<\/span><\/li>\n<\/ul>\n<h3><span style=\"color: #ff6600;\"><b>Mashreq Happiness Account<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you open Mashreq Happiness Account, you will get a welcome bonus of up to AED 2000. And with 5 online transactions each month, you\u2019ll earn AED 25 in Salaam points.<\/span><\/p>\n<p><b>What are the benefits of opening an account in this bank?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Salaam points can be exchanged for airline tickets or at a number of different brands.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">You will obtain a free debit card<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Through Mashreq online banking or mobile banking, you can send money for free.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">You can get your first checkbook for free.<\/span><\/li>\n<\/ul>\n<p><b>What are the limitations for opening an account in this bank?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">A minimum salary of AED 10,000 is required.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For here, I&#8217;ve included the most crucial information you&#8217;ll need to open a zero-balance account in the UAE, such as the documents you&#8217;ll need and the advantages of each bank. So, before you make a decision, I propose that you thoroughly examine each point.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks in the United Arab Emirates have started to provide accounts with no minimum balance requirement. A zero-balance account is a sort of account in which there is no balance. So, if you&#8217;re thinking about opening an account and want to know what the requirements, limitations, and benefits are, as well as which bank is the best to open a zero-balance account with, this is the place to go. I&#8217;ll go through each and every detail you&#8217;re interested in. It may interest you: UAE bank account without minimum salary 0 balance account opening in UAE &#8211; Documents Required I will\u2026<\/p>\n","protected":false},"author":1,"featured_media":111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,2],"tags":[],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":5}},"_links":{"self":[{"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/posts\/108"}],"collection":[{"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/comments?post=108"}],"version-history":[{"count":6,"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/posts\/108\/revisions"}],"predecessor-version":[{"id":1203,"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/posts\/108\/revisions\/1203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/media\/111"}],"wp:attachment":[{"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/media?parent=108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/categories?post=108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gulfweeks.com\/wp-json\/wp\/v2\/tags?post=108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}