Zero balance account opening online is now easier than you think. A zero-balance account in UAE is one that does not require you to keep a minimum balance at all times. Unlike a regular savings account, there are no penalties imposed on this account if your balance falls to zero. While the absence of minimum balance maintenance is the primary distinction between a standard and a zero-balance account.
The savings account is one of the most popular types of accounts that the general public opens as a personal account in any bank. A savings account, as the name implies, is intended to encourage account holders to deposit and save money. To open a savings account in UAE, you must meet certain criteria, including a minimum salary . Some banks do not require a certain minimum salary to open an account. These accounts are known as zero balance account in UAE.
Open a zero balance account online
Zero balance accounts are very useful because they are easy to maintain and there are no fees if the account is out of balance. In the UAE, there are several banks that provide Zero Balance Accounts. We have compiled a list of the best banks which provides zero balance account in UAE for your convenience.
Almost all top banks in the UAE are now providing a zero Balance account to their customers. Each one comes with its own set of instructions, benefits, conditions, and rules. The first and most important feature is that no minimum or average monthly balance is required.
| Account Name | Interest Rate(p.a.) | Minimum Salary |
| Mashreq Happiness Account | NA | NA |
| ADIB Smart Banking Account | Profit on every dirham in the account | Both income & non-income based eligible |
| Commercial bank of Dubai(CBD) ESaver Account | 1.50% | AED 5000 |
| FAB iSave Account | 2% | NA |
| HSBC Esaver Account | 0.10% | NA |
| Emirates NBD Liv. Account | 1.5% | NA |
| ADCB Active Saver Account | 2.25% | AED 5000 |
Mashreq Happiness account opening online
This is one of the most popular and best zero balance accounts in UAE. Let us look at some of the key features of the ADIB Smart Banking Account:
Eligibility
Any UAE resident over the age of 18 can have this zero balance account opening in their name. Earning personnel should be paid at least AED 5000 per month. Zero balance account for housewife in UAE is possible under some conditions such as must have a valid ID and visa status. Only students 24 and under (with a student ID) are eligible for the non-income-based group.
This is one of the zero balance savings accounts that offers some of the highest rates of interest on deposited funds, as well as a slew of other offers. Let us look at some of the key features of the CBD Esaver Account:
Click to learn more about zero balance business bank account in uae
The First Abu Dhabi band iSave Account is the one that provides some of the best in class deals on its zero balance savings account to account holders and is constantly introducing new, exciting things. Since it doesn’t require minimum salary, this could be considered as best zero balance account for housewife in UAE. This is one of the zero balance savings accounts that offers some of the highest rates of interest on deposited funds, as well as a slew of other offers. Let us look at some of the key benefits of the CBD Esaver Account:
Click to learn more about FAB zero balance account opening online in UAE
Key Benefits:
ADCB Active Save Account proves to be an excellent option for both UAE Nationals and Residents who are considering the establishment of multiple distinct savings funds, each tailored to specific financial goals. Here are the key highlights of this zero balance account offered by ADCB:
Click to learn more about ADCB zero balance account opening online in UAE
| Account | ADIB Smart Account | CBD ESaver Account | HSBC eSaver Account | ADCB Active Saver Account | FAB iSave Account |
| Maintenance Charges | – | – | – | – | – |
| Initial Deposit | – | – | – | AED 1000 | – |
| Minimum Salary required | Yes | Yes | Yes | No | No |
| Cap on Interest Rates | Yes | Yes | Yes | Yes | Yes |
| Required to be an Existing Customer | – | Yes | – | Yes | Yes |
| Can be applied online? | Yes | Yes | Yes | Yes | Yes |
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A: All UAE nationals and residents are eligible to open a bank account with no minimum balance required.
A: There are no processing fees to open a 0 balance account in UAE.
A: The minimum initial deposit varies by bank and starts at AED 1. Some banks do not require an initial deposit at all.
A: No, only a few banks in the UAE pay interest on zero balance accounts.
A: No, only UAE residents with a valid Emirates ID can open a zero balance account in the UAE.
A: You can open a zero balance account online for free.
A: Yes, they must have a valid ID and visa status
1. Mashreq Happines account
2. CBD Esaver account
3. FAB isave account
4. HSBC Esaver account
5. Emirates NBD liv. account
6. ADIB smart banking account
7. ADCB active saver account
Please fill out the below details for zero balance account opening online in UAE
