How to Open ADCB Bank Account, UAE? [Guide] - RIZ & MONA (2024)

If you’re planning to move to the UAE or you’ve already done so, you’ll eventually need a bank account. While there are many options available, ADCB is a bank to look out for. Whether you are a fresh entrepreneur, a professional investor, or an experienced businessman, there is a financial solution for you in this bank. You will learn about the ADCB bank account opening process, required documents, eligibility criteria, and more, all in one place.

Overview of ADCB Bank

ADCB stands for Abu Dhabi Commercial Bank. It was established in 1985. It is one of the UAE’s largest banks. The bank came into existence from the merger of Khaleej Commercial Bank, Emirates Commercial Bank, and Federal Commercial Bank. It offers a diverse range of savings and business accounts. These accounts feature competitive interest rates and include perks like free e-statements, chequebooks, phone banking, and debit cards.

Catering to both local and international clients, ADCB serves non-residents, residents, Free Zone Companies, LLCs, and UAE offshore companies. With a strong presence in the UAE and branches in India, Jersey, the UK, and Singapore, ADCB provides comprehensive banking solutions for its customers.

Benefits and Features of ADCB Bank Accounts

ADCB offers a variety of bank accounts, including current and savings accounts, call accounts, student accounts, business accounts, deposit accounts, and a digital option called Active Saver. ADCB is committed to making your banking experience simple, convenient, and rewarding.

Let’s take a look at some of the main advantages of ADCB’s current and savings accounts:

• Rewards: With ADCB, customers can collect TouchPoints and enjoy appealing rewards, making their banking experience even more satisfying.
• Easy Access: Managing your account is a breeze with ADCB’s user-friendly online banking portal and mobile app.
• Free E-Statements: You’ll get free monthly e-statements, which make it easy to keep an eye on your finances.
• Debit Card: If you have an AED savings account, you can get a debit card, which makes everyday transactions more convenient.
• Interest: Your account earns monthly interest, paid out every six months, helping your savings grow steadily.
• Low Minimum Balance: ADCB’s accounts don’t require a lot of money to keep in them, so they’re accessible to a wide range of customers.

Documents Required and Eligibility Criteria for ADCB Bank Account Opening

ADCB bank offers many accounts for its customers. There are different types of ADCB savings accounts, current accounts, and other accounts that one can open. Here are the details of the documents and criteria that should be kept in mind when you want to apply for an account.

For Current Account

• An original passport with a UAE residence visa (valid for more than a month)
• Salary certificate
• Original Emirates ID
• 5,000 AED is the minimum salary per month for residents employed in the UAE.

For ADCB Savings Account and Call Account

The requirements are different for UAE residents and non-residents.

For UAE Residents:

• An original passport with a UAE residence visa (valid for more than a month)
• Original Emirates ID
• Salary certificate
• You must have 5,000 AED as the minimum salary per month for residents employed in the UAE

For Non-UAE Residents (Current Account Only):

• Your original passport
• A letter of introduction from an existing ADCB customer with a relationship of more than a year.
• Your existing bank account’s three-month stamped bank statement.
• Copy of your entry stamp page or e-gate card and visit visa.

Here is the eligibility criteria for the ADCB Active Saver Account:

• Citizens and residents of the UAE with a valid visa only
• The age requirement is 21 years or older
• You must first have an ADCB current or savings account
• You cannot open this account jointly with someone else or for a kid

For Etihad Guest Aspire Account

• You must have 5,000 AED as the minimum salary per month for residents employed in the UAE.
• An original passport with a UAE residence visa (valid for more than a month)
• Salary certificate
• Original Emirates ID

For Etihad Guest Privilege Account and Etihad Guest Excellency Account

To be eligible for the Etihad Guest Privilege Account, individuals must maintain a total relationship balance of AED 200,000 or have a minimum monthly salary of 20,000 AED. For the Etihad Guest Excellency Account, maintain a total relationship balance of 500,000 AED.

You need to gather the following documents:

For UAE Residents:

• An original passport with a UAE residence visa (valid for more than a month)
• Salary certificate
• Original Emirates ID

For Non-UAE Residents (Current Account Only):

• Your original passport
• Copy of your entry stamp page or e-gate card and visit visa.
• A letter of introduction from an existing ADCB customer with a relationship of more than a year.
• Your existing bank account’s three-month stamped bank statement.

Business Choice Current Account – Silver

To open a business account, you need AED 10,000 minimum average balance per month.

• Valid tenancy contract
• Valid trade license
• Power of attorney (if applicable)

Business Choice Current Account – Gold

For this account, you need AED 50,000 minimum average balance per month.

• Valid tenancy contract
• Valid trade license
• Power of attorney (if applicable)

Business Choice Current Account – Platinum

For this account, you need AED 100,000 minimum average balance per month.

• Valid tenancy contract
• Valid trade license
• Power of attorney (if applicable)

E-Business Account

• The e-Business Account is exclusively open to Emiratis and GCC Nationals.
• This account is denominated in AED (United Arab Emirates Dirhams) only.
• There is no minimum average balance requirement per month (AED 0 minimum balance).
• To be eligible for this account, a valid e-Trader license is necessary.

SmartStart Business Account

• Emirates ID for the signer/s
• Trade License
• Original Valid passport and passport copies of all partners, including residence visa for signatories
• Any subsequent amendments and Power of Attorney, if any
• Commercial Registration
• Chamber of Commerce Membership Certificate
• Memorandum of Association (MoA)
• Other documents if required

Fixed Deposit Account:

• Requires a minimum deposit of AED 5,000 or its equivalent in respective currencies.
• Available to UAE residents, nationals, and non-residents.
• Open to all ADCB customers with an active Current or Savings account in AED, USD, GBP, and other major currencies.

Upfront Interest Deposit Account:

• To open an Upfront Interest Deposit, you should first have an ADCB Current, Savings, or Call Account.
• Open to UAE nationals, residents, and non-resident customers.

Regular Interest Deposit:

• Open to all ADCB customers with an active Current or Savings account.
• Available to UAE nationals, residents, and non-residents.

How to Open ADCB Bank Account in the UAE?

There are three ways to open your account in the ADCB bank.

1. Website

In order to open a bank account via internet banking or the website:

• Visit the ADCB Bank website.
• Choose the account that you want to open
• Fill in the form
• Add the required documents, details, and fulfill all other requirements
• Once your application is approved, your account will be open.

2. Mobile

If you want to open an account through the mobile phone, send an SMS ‘CASA’ to 2626 from your registered mobile number in the UAE. Follow the instructions that are provided in the response to your message.

3. Phone Banking

ADCB bank provides a fantastic phone banking facility for its customers. Call their 24-hour helpline “600 50 2030” and register your bank account over the mobile phone.

4. Visiting the Branch

The best way to open an account is to visit your nearby ADCB branch. The representative will help you in opening the account as per your requirements.

How to Close an ADCB Bank Account in the UAE?

Closing an ADCB bank account in the UAE is an extremely easy process. Just like for opening an account, you have a few convenient options to choose from.

Visit a Nearby ADCB Branch:

1. Head to your nearest ADCB branch.
2. Fill out the Account Closure Request Form, which is available at the branch. To save time, you can download the form from the bank’s website and complete it before your branch visit.
3. The form will require essential details like your account number, full name, and the reason for closing the account.

SMS or Phone Request:

1. Another quick way to initiate the closure process is by sending an SMS with the word ‘CLOSE’ to 2626 from your registered mobile number.
2. You can also call their 24-hour contact center at 600 50 2030 to avail of their phone banking services.

It’s important to be aware that there might be a fee associated with closing your account. To ensure a smooth closure, it’s advisable to reach out to the bank for any additional requirements or charges before proceeding. Your satisfaction and convenience are our priorities.

Please note that you may be charged a fee for closing your account. It’s advisable to check with the bank for any additional requirements or charges before initiating the account closure process.

How to Open a Zero Balance Account in ADCB?

In the digital age, the process of opening an ADCB Zero Balance Account online has become more accessible and convenient. Ahead, we have outlined the three key methods for you to embark on this journey from the comfort of your office or home.

ADCB Call Centers

You can begin the process by contacting ADCB through their dedicated contact centers, reachable at 600502030. This approach is appreciable due to the 24/7 availability of phone banking, ensuring you can reach out at your convenience.

Upon connecting with a customer support representative, clearly communicate your intention to open an ADCB Zero Balance Account online. Provide essential personal details such as your registered email address, customer ID, and contact number. To streamline the process, ensure you have these details readily available before making the call.

Visiting Branch

The bank offers visits to their branches to open the account. Visit the nearest branch, fill out some details, and get your zero balance account set up in no time.

SMS

Another hassle-free option is to register for your ADCB Zero Balance Account via mobile banking or SMS.

1. Begin by sending a text with the word ‘ACTIVE’ to 2626.
2. Following this, you will receive instructions via SMS or receive a call from a customer support team member to further assist you in the account opening process.
3. Simply follow the received instructions on your phone to start your ADCB Active Saver account online.

Website

Those who prefer a more hands-on approach, they can visit the official ADCB website and navigate to the ADCB Zero Balance Account page.

• Once on the website, head to the accounts section and click on “Active Saver Account.”
• Scroll down to find the application form.
• Begin by selecting your customer category, and differentiating between ‘New’ and ‘Existing’ customers.
• Existing customers are required to fill in their name, phone number, customer ID, and registered email address. Meanwhile, new customers should provide the requested details. Additionally, select your emirate from the dropdown menu and proceed to submit the form.
• Upon receiving your application, an ADCB representative will reach out to you to guide you through the remaining steps in opening your online ADCB Zero Balance Account.

Features of ADCB Zero Balance Account

• Sharia compliance is maintained via the ADCB Active Saver Account.
• The goal of the ADCB Active Saver zero balance savings account is to promote maximum savings.
• 2.25% (for AED) and 2.00% (for USD) interest rates are offered in tiers.
• For this ADCB zero balance account, there is no minimum balance that needs to be met each month.
• You can transfer money to other ADCB accounts online for free when you use Active Saver. There is a small cost for international domestic transfers to other bank accounts.
• Since ADCB Active Saver is an online account, it can only be opened and used via the Internet.
• GBP, AED, and USD are the three currencies in which it is offered.
• A minimum initial amount of 1000 GBP, 1000 AED, and 1000 USD is needed.
• Your ADCB Active Saver account’s daily closing balance is used to compute interest. Every month, payment is made for the account.
• There is no checkbook or ATMs card offered to encourage saving.

Open ADCB Bank Account in Dubai with RIZ & MONA CONSULTANCY

If you are looking to open your bank account in ADCB, get in touch with RIZ & MONA CONSULTANCY. Here, at RIZ & MONA CONSULTANCY, we focus on delivering customer satisfaction through a straightforward approach. Our wide range of bank account opening services comes with transparent pricing and no hidden costs. While you can have our assistance with setting up bank accounts in various places, our primary focus and expertise is in Dubai.

We not only take care of the account opening process on your behalf but also keep you away from the hassle. Talk to one of our representatives now and set up a current or savings account right away in ADCB.

FAQs – Frequently Asked Questions

What is the minimum salary to open a bank account in ADCB?

AED 5,000 is the minimum salary to open a bank account in the ADCB.

Can I open a bank account online?

Yes, you can open a bank account online via the website or fill out the online application.

What is the minimum salary to open a bank account in UAE?

The minimum salary to open an account can vary depending on the bank. But the general requirement in Dubai is AED 3,000.

Can I open a bank account online without going to the bank?

Yes, in Dubai, it is possible for customers to open an account online without paying a visit to the bank.

Can I open a UAE bank account online?

Yes, you can open a bank account from the comfort of your home in the UAE.

Which bank allows to open bank account online?

ADCB Bank allows customers to open a bank account online.

How can I open ADCB account online?

You can visit the bank’s website to open an account online in Dubai.

Does ADCB have zero balance account?

The Active Saver Account is the zero balance account of the ADCB.

What is the minimum balance in ADCB account?

AED 5,000 is the minimum balance in the ADCB account.