How to Open a Zero Balance Account in UAE 2022? – GulfExpatsGuide

There are two different types of saving accounts available in the UAE market. One is a standard savings account, open a Zero Balance Account which can be found at any of the UAE banks. The other is the zero balance account, which offers more benefits to the customers. Both accounts differ from each other.

Best Zero Balance Savings Account in UAE

If you are looking for an option to open a bank account that does not require any minimum balance requirements, then you can consider opening a Zero Balance account. There are many ways to open a savings account in different banks and financial institutions in UAE.

A few years ago, banks in the UAE started providing Zero balance accounts for customers who don’t wish to maintain a minimum balance. Most of these accounts have no initial deposit requirements and you can open an account with no money at all!

Open a Zero Balance Account

How to Open a Zero Balance Account in UAE 2022

Every bank offers its own advantages through these kinds of accounts and they work reasonably well for the institutions too since customers are more likely to use them again if they have been satisfied with your service.

Raed More about Information: How to Apply For Ratibi Card?

In this article, we will talk about some of the accounts available from the banks in the UAE that do not require you to maintain any minimum balance.

There are even banks in UAE which provide ATM cards and checkbooks for Zero Balance Accounts. However, to open such an account that does not require minimum balance maintenance, you have to meet some specific criteria provided by the bank.

These accounts are offered by United Arab Bank (UAB), Emirates Islamic, Arab Bank, Commercial bank of Dubai (CBD), First Abu Dhabi Bank (FAB), Finabank, Mashreq bank.

Account NameInterest Rate(p.a.)Minimum Salary
ADIB Smart Banking AccountProfit on every dirham in the accountBoth income and non-income based eligible
Commercial bank of Dubai(CBD) ESaver Account1.50%AED 5000
ADCB Active Saver Account0.60%NA
FAB iSave Account1.68%NA
RAK Bank Fast Saver Online Account0.50%NA
HSBC E saver Account0.10%NA
Emirates NBD Liv. Account1.5%NA
Mashreq Happiness AccountNAAED 10,000

Required Documents To Open a Zero Bank Account in UAE

  • Applicants must provide their original passport and a copy.
  • Original Emirates ID copy 
  • This may be a copy of the resident’s passport, student identification card, or any other form of identification requested by the bank.
Required Documents To Open a Zero Bank Account in UAE

Zero Balance Account can be opened with a minimum balance of Dh.3,000/- or US$1,000/- (Non-resident clients) / Dh.50,000/- or US$15,000/-(corporate clients).

How To Open a Bank Account in UAE?

A Step-by-Step Guide on How to open a Zero Balance Account in UAE?

  • Choosing the Right Bank in UAE.
  • Choose the bank that best suits your needs.
  • Prepare all the required documents.
  • Take an appointment for opening a bank account in UAE with the bank’s customer care representative through phone calls, bank’s website, or visiting them at their branches (read process for each one of them)
  • Provide the following documents: Valid passport copy, valid UAE residence visa copy, proof of address in the UAE, e.g. utility bill, bank statement with UAE address (not older than 3 months)

Photograph Note: For new resident visa holders and for individuals who are under 18 years of age, additional documents pertaining to the residency visa or age verification process would be required.

More Information about :How to Check Etisalat Balance in the UAE?


A zero balance account is a term commonly used in the UAE that refers to a checking account with no minimum balance requirements. There isn’t a standard way to open a zero balance account in the UAE, but there are a few steps that you can take to increase your chances of success at opening an account with no minimum balance requirements.

The first thing you can do is to contact the bank directly and explain that you have no intentions of using the account for anything other than receiving direct deposits from your employer and transferring it to your savings or checking accounts.

The second thing you can do is connect with any relatives or friends who are already holders of zero balance accounts at the bank you’re interested in, especially if they already have an online banking relationship with the bank. You should reach out to them and see if they can recommend you for an account opening.

Alternatively, you can visit one of the branch offices in person, where you might be offered a chance to set up an appointment at a later date. Appointments are generally only offered during business hours, so it’s important to keep this in mind when scheduling. Once you reach out to the bank, it would be good to have all of your paperwork ready.

Read About More Information :

How to Check Credit Score in UAE?

List of Top Insurance Companies in UAE

Leave a Reply

Your email address will not be published. Required fields are marked *