Online Bank Account Opening With Zero Balance In UAE

 To open a savings account in UAE, you need to meet a few requirements like minimum salary and minimum balance maintenance. Few banks even charge high fees on non-maintenance of a minimum balance. However, banks in the UAE started providing accounts with no requirement of maintaining a minimum balance. This kind of accounts are dubbed as a Zero balance account. 

Benefits of opening Bank Account in UAE

1. Bank account facilitates a safe custody of money

The bank is the custodian of cash. As and when the account holders needs the money can withdraw the same depending upon the type of account.

2. Bank account helps in making payments

The bank account holder can make payment to third parties through the savings and current account. The payment may be regarding electricity bills, insurance premium, etc. The bank also makes direct payment on the standing instructions of the customer.

3. Bank account helps in collection of money

The bank can directly collect money of the customer in respect of dividend, salary pension or from debtors. The collected money is then deposited in customer's bank account.

4. Bank account holders get advances and loans

The current account holder can obtain an overdraft facility from his bank. The recurring and fixed deposit account holders can get a loan up to 75% of the amount to their credit. The savings account holders can also obtain loans to purchase computers and such other equipment.

5. Bank account helps in smooth transactions

The bank account make it possible for the businessmen to conduct their business operations smoothly not only in the domestic trade but also in the foreign markets.

6. Bank account holders get a safe deposit locker

The bank provides safe deposit locker facility to its account holders to keep their valuables like gold jewellery, share certificates, property documents, and so on.

 List of various banks and features of the zero balance facility: 

1. ADIB Smart Banking Account
2. Commercial bank of Dubai(CBD) ESaver Account
3. ADCB Active Saver Account
4. FAB iSave Account
5. RAK Bank Fast Saver Online Account
6. HSBC Esaver Account

ADIB Smart Banking Account

ADCB Active Saver Account