Minimum Salary Requirement to Open a Bank Account in the UAE

By Sakshi Srivastava - 19 Feb 2022 Last Updated: 20 May 2022
Minimum Salary Requirement to Open a Bank Account in the UAE

Customers in the UAE can open several sorts of accounts such as savings accounts, current accounts, salary accounts, and so on. There are certain conditions for these bank accounts, such as a minimum monthly balance for savings and current accounts, and a minimum salary transfer for salary accounts. Employers in the UAE can open pay accounts for their employees through the banks. In the UAE, a minimum salary of AED 3,000 is required to create a bank account. Most banks charge between AED 3,000 and AED 10,000 for this service. For other banks, though, it can be substantially higher. With the help of this blog, Dhanguard will help you to know what is the minimum salary requirement.

Bank Accounts with the Best Salary and the Lowest Salary Requirements

The following is a list of the most common salary accounts, along with their features, benefits, and minimum salary criteria.

Salary Account with Emirates NBD - AED 3,000

Customers of Emirates NBD can choose from a variety of bank accounts. The bank's salary account has a minimum salary threshold of AED 3,000 for account holders.

Features and Advantages

  • Multiple Currencies: You can open and maintain an Emirates NBD Salary Account in a variety of currencies, including AED, USD, GBP, and others.
  • Online Banking: Emirates NBD provides its customers with an online and mobile banking site that allows them to open a bank account and access their account information in just a few clicks.
  • Easy Fund Transfers: With an Emirates NBD Salary Account, account holders can quickly transfer funds via online and mobile banking websites.
  • All UAE citizens and expats are eligible to open an Emirates NBD Salary Account.
  • Minimum Monthly Balance: The Emirates NBD Salary Account requires a minimum monthly balance of AED 3,000.

AED 3,000 ADIB Current Account

The minimum wage requirement for an ADIB Current Account is AED 3,000, although there is no minimum balance requirement for account holders.

Features and Advantages

  • Online Banking: ADIB provides its customers with an online and mobile banking site that allows them to open a bank account and access account information in just a few clicks.
  • E-Statements: ADIB Current Account account users can get a free monthly e-statement to assist them keep track of their accounts.
  • Easy Financial Transfers: Account holders with an ADIB Current Account can make simple fund transfers using online and mobile banking platforms.
  • All residents and expats in the UAE are eligible to register an ADIB Current Account.
  • Debit Card: Account holders of the ADIB Current Account receive a free debit card.
  • Cheque book: Account holders of the ADIB Current Account are entitled to a complimentary cheque book.
  • Account holders with an ADIB Current Account can make an unlimited number of teller transactions for free. 
  • Instant Overdraft: Account holders with an ADIB Current Account can get an instant overdraft if they need money right now.

Salary Account with Standard Chartered - AED 3,000

The minimum monthly salary requirement for a Standard Chartered Salary Account is AED 3,000. The bank account's best feature is that it has no minimum balance requirement for account users.

Features and Advantages

  • Account holders who have a Standard Chartered Salary Account can get a free debit card.
  • Standard Chartered Salary Account holders receive a complimentary chequebook.
  • Online Banking: By entering into the online banking and mobile banking portals, Standard Chartered Salary Account holders can access their banking information at any time.
  • Online and mobile banking websites allow Standard Chartered Salary Account members to make simple financial transfers.
  • Eligibility: A Standard Chartered Bank account is open to all UAE residents and expats.
  • Multiple Currencies: You can open and maintain a Standard Chartered Salary Account in a variety of currencies, including AED, USD, GBP, and others.

AED 5,000 RAKBANK RAK more Salary Transfer Account

Another popular salary bank account in the UAE is RAKBANK RAK more Salary Transfer Account, which has a minimum salary requirement of AED 5,000 for applicants.

Features and Advantages

  • Credit Card: Account holders with a RAKBANK RAK more Salary Transfer Account may be eligible for a free credit card, depending on their eligibility.
  • Chequebook: RAKBANK RAK more Salary Transfer Account holders receive a complimentary chequebook.
  • RAKBANK Salary Transfer Account holders can log into the online banking and mobile banking portals at any time to access their banking information.
  • Easy Fund Transfers: RAKBANK Salary Move Account users can transfer funds quickly and easily via online and mobile banking portals.
  • Domestic Remittances: Account holders of the RAKBANK Salary Transfer Account can make free domestic remittances using their bank account.
  • Cash Withdrawals: RAKBANK Salary Transfer Account customers are entitled to three free cash withdrawals per month from non-RAKBANK ATMs.

AED 10,000 FAB One Account

The First Abu Dhabi Bank's FAB One Account is one of the greatest salary bank accounts available. AED 10,000 is the minimum monthly wage requirement for the bank account.

Features and Advantages

  • Online Banking: FAB provides its customers with an online and mobile banking site that allows them to open a bank account and then access their account information in just a few clicks. Existing banking customers can use their mobile banking app to open an FAB Bank Account.
  • FAB One Account users receive a complimentary debit card.
  • No Monthly Fee: FAB One Account holders who do not maintain a minimum average balance in their pay account are not charged a monthly fee.
  • Access to Leading Middle Eastern Airport Lounges: FAB One Account holders receive complimentary access to leading Middle Eastern airport lounges.
  • Cash Withdrawals: FAB One Account customers are entitled to three free cash withdrawals per month from non-FAB ATMs.
  • Purchase Protection: FAB One Account holders are covered by purchase protection against loss, theft, or damage to items purchased with their FAB debit card.
  • Non-salaried candidates must make a minimum monthly deposit of AED 10,000 in order to open an FAB One Account.

Conclusion

To open a bank account with a minimum salary requirement, prospective applicants can go to the bank's website and fill out an online application form. Applicants can also open a bank account with ease by calling our helpdesk or visiting our website. Our financial advisors not only walk applicants through the features and benefits of their preferred bank account, but also assist them in opening one without delay.

Connect with experts of Dhanguard if you need any help regarding minimum salary requirement.

Open business bank account online in Dubai, UAE. Compare and apply for business bank account from leading banks with Dhanguard.

By Sakshi Srivastava

19-Feb, 2022

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