How to apply FAB Bank Company Account

Want to open a company account in UAE but don’t know the bank preferences you should use? FAB bank in UAE is one of the largest banks that facilitate the business and the company owners to open the relevant account smoothly. UAE is one of the largest areas with multiple national and international companies.

Keeping this view in mind, FAB decided to help local and global people promote the company account opening opportunity. This post provided a complete guide to apply FAB Bank Company Account easily.

Apply FAB Bank Company Account

Opening an FAB bank account for a UAE company is very easy. Here are the steps to follow:

Go to the official website of FAB
Search and click on the option named “Accounts”
You will be able to see the multiple options
Click on the option named the “Company” or “Business” account option
Now follow the steps to open the FAB company account and submit your application

Note: Once you have applied, the bank owners will call you for confirmation. Once your application and request are confirmed, your account will be opened in 2-5 business days.

Also Read: Transfer Money From Ratibi / Ratibi Card Salary Check / Open FAB Bank Account / FAB Salary Account Opening Requirements

Requirements to Open FAB Company Account in UAE

There are no tough requirements to fulfill to open an FAB bank account in UAE. Here are some criteria to fulfill:

The company must have an average monthly income of around AED 50,000.
The company must have an official name and documental proof of the activities.
The company must have specific business/company identification.

Why Open an FAB Company Account in UAE?

Many reasons explain why you must open a company bank account in UAE. The matter becomes more important if you own a company and want to run it on the largest scale. Here are some reasons which determine why you should apply FAB Bank Company Account.

The first and most important consideration for the FAB company account is that you can easily receive payments in your company from any corner of the world without hurdles.
It is the way to make your company more famous, as people will know you have the official company or the business once you use professional ways of receiving and sending payments.
Another benefit is that FAB doesn’t have tough requirements, so there is no need to maintain a high balance in the account even for a month. You only need to keep an average balance of AED 50,000 each month; this amount is very low compared to many other banking systems in the UAE.
You can open an FAB account anywhere, and there is no need for hard and fast rules. You need to open the official website and fill out an application form.
The bank offers annual rewards and gifts, especially for companies and businesses. And this urges people from small to large-scale company owners to open this account.

Also Read: FAB iSave Account Apply / FAB Balance Check / Al Ansari Salary Card Balance Check / check Hafilat Card Balance

Frequently Asked Questions

Q. Is there any fee if I don’t maintain my bank account’s monthly maintenance limit balance?

Ans. Yes, there is a fee of around AED 250 if your monthly balance limit is less than AED 50,000.

Q. Does the FAB account also offer the ATM and checkbook for the company bank account?

Ans. Yes, the FAB account also offers ATMs and checkbooks, even for the company bank account. So, you don’t need to worry about the credit and debit cards for the company account, as the banking system offers all the facilities.

Q. Can I get loans by using the FAB company bank account?

Ans. You can also get loans using an FAB company account in the UAE.

Final Verdicts

Hence, the FAB bank account is the perfect choice for owners to open an account and make their company more famous. Using the FAB bank company account, you can easily send and receive the biggest transactions anytime, depending upon your company’s growth. If you have a company or a business looking to open a bank account, we recommend using the FAB banking system.