Top 5 Zero Balance Saving Accounts in UAE

A zero-balance account is a type of savings account that doesn’t require you to maintain any minimum balance at any time.

Unlike regular savings accounts, there are no penalties for having no funds in the account at any given time – giving you the flexibility to withdraw all the funds in case of an emergency without worrying about incurring any charges.

Although the primary distinction between regular and zero-balanced savings accounts lies in their absence of minimum balance requirements, other differences are worth noting when comparing them.

Listed Below Are the Zero Balance Accounts in UAE

ADBI Smart Banking Account

This is one of the UAE’s most sought-after and highly regarded zero balance savings accounts.

In addition to providing a vast array of benefits and services, the bank’s application even appears to adapt themes based on your personalized debit card, which is enough to keep account holders engaged with the account and the bank.

Any UAE resident who is over the age of 18 is qualified to open this zero balance savings account.

Employed individuals must earn a minimum salary of AED 5000, while non-earning individuals such as students and homemakers must provide valid ID proof and visa status to open a zero-balance account.

See also  Best Cashback Credit Cards in UAE

Commercial Bank of Dubai ESaver Account

This zero-balance savings account that provide some of the most competitive interest rates on deposited funds and a host of other advantages.

Any UAE resident or citizen can open a bank account with no minimum balance requirements.

Applicants must be 18 years old and earn a minimum of AED 5000 to open an E-Saver account. Additionally, the applicant must already be a customer of CBD to open an ESaver account with the bank.

ADCB Active Saver Account

The Active Save Account from ADCB can be a compelling option for UAE residents and citizens looking to establish multiple distinct savings funds, each tailored to different goals, its appealing benefits and incentives.

Applicants must be at least 21 years old. Employed individuals are not required to have a minimum salary to open the account.

First Abu Dhabi Bank iSave account

The iSave account from First Abu Dhabi Bank provides account holders with some of the most attractive deals for a zero balance savings account and regularly introduces new and exciting offers.

First Abu Dhabi Bank is offering new and existing customers an impressive interest rate of 1.94% until 2022.

This elevated rate allows account holders to earn significant returns on their savings without needing to maintain a minimum balance in their accounts.

RAK Bank Fast Saver Online Account

RAK Bank’s Fast Saver Account offers applicants the flexibility to choose between two different currencies – AED and USD – for their savings account.

Each currency has a unique interest rate assigned to it, allowing customers to earn more significant returns on their savings.

The interest rates offered by RAK Bank are highly competitive and are subject to regular reviews and updates to ensure that customers receive the best possible returns on their savings.

See also  How to Check Du Balance and Remaining Data Online?

Unlike many other banks, no additional formalities or stipulations are associated with choosing a currency when opening a Fast Saver Account with RAK Bank.

Can a Non-resident Open a Bank Account in UAE Without Emirates ID?

In order to open an individual bank account in the United Arab Emirates, certain documents are necessary in order to complete the process.

In order to enter the UAE, you must submit a copy of your passport that includes its entry page.

Moreover, an original reference letter from any bank where you have either personal or corporate accounts – whether in your home country or another – is also necessary.

It is essential to remember that these documents are necessary in order to open a personal bank account as a non-resident in the UAE.

Can I Open A Bank Account In UAE Without Residency?

Non-residents of the United Arab Emirates (UAE) may be interested in opening a savings account in a bank.

Under guidelines issued by the Central Bank of UAE, non-residents are generally permitted to open such an account.

It offers convenient ways to store funds and earn interest even if you’re not a permanent resident.

However, it is essential to be aware that the guidelines for opening current accounts with banks in the UAE may differ for Gulf Cooperation Council (GCC) nationals.

Can I Open a Bank Account in UAE Without Earning Income?

If you’re considering opening an account in the United Arab Emirates, you must know the minimum salary requirements that often apply.

Generally, banks in the UAE require at least AED 3,000 to open a bank account.

See also  How to Check Overstay Fine in UAE Online?

However, this amount may differ between banks; many set their minimum requirements between AED 3,000 and AED 10,000.

It should be remembered that meeting this minimum salary requirement is only one-factor banks consider when evaluating applications for opening an account.

Can An Individual Open A Zero Balance Account In UAE?

In the United Arab Emirates (UAE), nationals and residents can open bank accounts without a minimum balance requirement.

This makes it a convenient option for those beginning to build their financial portfolio.

For bank accounts with no balance maintenance requirement, applicants must be 18 years or older.

Which Bank In UAE Doesn’t Require A Minimum Balance?

Emirates NBD, one of the leading banks in the UAE, offers various account types with different minimum balance requirements.

Choose to have your salary transferred directly into Emirates NBD’s account. However, there may be no minimum requirement in place – no specific balance requirement applies when funds are being transferred.


Zero balance accounts in the UAE can be a convenient option for those just beginning to build their financial portfolio or to need more disposable income to satisfy minimum balance requirements.

However, it is essential to carefully read the terms and conditions of these accounts and any fees or charges that may apply to make an informed decision that meets your financial needs and objectives.

Additionally, while zero balance accounts may be available to UAE nationals and residents, there may be different requirements and eligibility criteria depending on the bank and account type.

By researching and understanding the various options available, you can make an informed decision and choose the account that best fits your unique financial situation.


Recent Posts

Sign up for our Newsletter