Best Zero Balance Account in UAE
Opening a zero balance account in UAE is easy and convenient. This is an excellent option if you want to use an account without maintaining a minimum balance. It offers significant benefits like no balance requirement, no penalties for minimum balance breach, full digital banking access, and much more. Keep on reading to find the best zero balance bank account in UAE for yourself and all the key features and benefits.
Benefits of Zero Balance Accounts in the UAE
With a zero balance account in UAE, you get a simple, flexible, and rewarding way to manage your money. One of the biggest advantages of opening this account, as the name suggests, is that there’s no minimum balance requirement. In other words, you don’t ever have to worry about maintaining an average amount to avoid penalties. It’s ideal for residents with irregular incomes, such as freelancers, small business owners, students, part-time workers, and more.
Furthermore, you can find many banks with seamless zero balance account opening online UAE. This means quick and paperless applications without any branch visits, lengthy paperwork, and long queues.
With a 0 balance account in UAE, it’s easy to pay your bills, shop, and make transactions in an instant. You can also enjoy additional benefits beyond a seamless banking experience — exclusive rewards, cashback, discounts, and more. Additionally, many banks offer competitive or higher interest rates compared to traditional accounts, allowing your savings to grow faster.
Types of Current Accounts in UAE
Let’s understand some of the major types of current bank accounts in Dubai and other Emirates —
- Regular Current Account: These accounts offer basic features and services that you can use to manage your funds
- Islamic Current Account: Shariah-compliant accounts that follow Islamic banking principles
- Premium Current Account: This is an ideal option if you plan to maintain a high current account balance and want premium services and various additional features
Note: Premium current bank accounts also have stricter requirements in terms of minimum balance and salary or income.
Why Open a Current Account in UAE?
Here are some of the key benefits of current bank accounts in the UAE —
- High Transaction Limits — You can usually make many more transactions in a day than savings accounts
- Ease of Frequent Transactions: With a current account in Dubai, easily make multiple transactions — fund transfers, cheques, and more. You can also keep track of spends with mobile, internet, SMS, and phone banking services.
- Multiple Currency Options: The best current accounts in UAE are available in various currencies — AED, USD, EUR, and more. They also offer the flexibility to easily make transactions in various currencies.
- Overdraft Facility: With this facility, you can overdraw the balance in your bank account on a temporary basis to plug the shortfall in funds.
- Additional Perks: Most current accounts offer additional benefits like free debit cards, chequebooks, credit cards, and more to further simplify your transactions
- Specialised Services: Some accounts also come with features like payroll processing, cash management, and merchant services
- Ease of Opening Account: On platforms like Paisabazaar.ae, you can now easily open current account online from the comfort of your home. This way, you can access your account in no time and start managing your business right away.
List of Top Zero Balance Accounts in UAE
While looking for a 0 balance account in UAE, you can find many banks offering the same. This, naturally, can confuse you about which option to choose. To help you out, here is the list of the top accounts without minimum balance requirements. You can compare their key features, interest rates, eligibility, benefits, and more to find the one that suits you the best.
| Zero Balance Bank Account in UAE | Key Benefits | Interest / Profit Rate | Digital Features | Eligibility |
|---|---|---|---|---|
| FAB iSave Account |
|
Up to 4.25% |
|
UAE residents with a valid Emirates ID |
| RAKstarter Account |
|
Up to 0.25% | Mobile banking | A company with a valid trade licence |
| HSBC E-Saver Account |
|
Up to 3% AER (fixed) | Online banking | UAE nationals and expats |
| ADIB Smart Account |
|
N/A |
|
UAE residents |
| Liv. Primary Account (By Emirates NBD) |
|
N/A | Mobile banking | UAE residents |
| CBD GreenGrowth Account (Previously eSaver Account) |
|
Up to 1.25% | Mobile banking | UAE nationals and expats |
1. FAB iSave Account
The FAB iSave is one of the top zero balance bank accounts in UAE. It’s a user-friendly digital savings account designed for UAE residents. With its attractive interest rates, you can grow your savings fast. Additionally, the account has no minimum balance requirement or monthly fees, making it convenient and cost-effective.
You can easily open and manage it through the FAB mobile app or online banking. With unlimited withdrawals and flexible access to your funds, this zero balance account in UAE is ideal for those who want a simple, accessible way to save while earning competitive returns on their money.
Features & Benefits of FAB iSave Account
| Features and Benefits | Description |
|---|---|
| Availability of Currency | You can open this account in AED only |
| Easy Withdrawals | Easily withdraw cash without any hassles |
| Attractive Interest Rate | You can earn an interest rate of up to 4.25% per annum* |
| Instant Account Opening | This can be opened through the FAB mobile app and online banking in no time |
*If you opened this account between 1st May, 2023, and 30th November, 2025.
2. RAKstarter Account
If you’re kicking off a business venture and seeking a streamlined banking solution, the RAKstarter account can be an ideal option. With zero minimum balance and no ledger fees, this account offers a number of perks to make your banking simple.
You can operate this 0 balance account in UAE in AED, USD, EUR, or GBP. You can also enjoy attractive interest rates on your deposits and access perks like a free chequebook and business-financing opportunities. It’s easy to open this bank account in UAE from the comfort of your office with minimal documents.
Features & Benefits of RAKstarter Account
| Features and Benefits | Description |
|---|---|
| Multiple Currencies | This account is available in AED, USD, EUR, and GBP. |
| Chequebook Facility | It offers one chequebook for free in a year. |
| Attractive Interest Rate | Earn attractive interest rates on your savings — up to 0.25% p.a. |
| Business Financing | Get business financing options, from loans to funding for real estate. |
3. HSBC E-Saver Account
HSBC E-Saver account is a digital savings account. It gives you the flexibility to save and grow your money right at your fingertips. With this account, you can enjoy several benefits — competitive interest rates, easy cash deposits and withdrawals, no minimum balance requirement, and more. Additionally, it allows you to transfer funds worldwide in multiple currencies.
Whether you are a UAE national or an expat, you can deposit and withdraw your money quickly and conveniently. Once you meet the eligibility criteria, you can open this zero balance bank account in UAE in just a few minutes. Overall, it’s ideal for anyone who prefers managing their finances online.
Features & Benefits of HSBC E-Saver Account
| Features and Benefits | Description |
|---|---|
| Competitive Interest Rate | Earn up to 3% fixed interest rate on your deposits. It is calculated on the daily closing balance and paid monthly. |
| Quick Deposits | You can make deposits through online banking, cheque deposit machines, or telegraphic transfers. |
| Easy Fund Transfers | Transfer funds domestically or internationally in a variety of currencies. |
4. ADIB Smart Account
Abu Dhabi Islamic Bank (ADIB) is a leading bank in the UAE, offering an array of bank accounts for residents. Smart account is a top zero balance account in UAE without a minimum salary requirement. This is a Shari’a-compliant bank account that features a range of exciting perks, such as profit-based returns, a free debit card, and access to the SmartDeals app. Moreover, the account supports salary transfers, which lets you participate in ADIB’s salary bonus program. It also allows you to enjoy one free domestic or international transfer per month.
Note: This 0 balance account in UAE is currently unavailable for new customers.
Features & Benefits of ADIB Smart Account
| Features and Benefits | Description |
|---|---|
| Competitive Profit Rate | Earn profit at an attractive rate on your monthly average balance every month. |
| Quick Fund Transfers | Enjoy 1 domestic and international transfer without any cost from the Smart Banking mobile app. |
| ADIB Salary Bonus | This account gives you an opportunity to earn a bonus by transferring your salary into the account. |
5. Liv. Primary Account (Formed by Emirates NBD)
Liv. is a digital bank launched by Emirates NBD in the UAE. It offers a number of bank accounts, from which the Liv. Primary accounts is among the top ones. You can easily open this zero balance account in UAE through the mobile app without any hectic paperwork.This account allows you to manage your finances from the comfort of your home. Also, it includes unparalleled benefits such as a free debit card, chequebook, and much more.
Features & Benefits of Liv. Primary Account
| Features and Benefits | Description |
|---|---|
| Instant Account Opening | Easily open this account with a few taps through the Liv. app. |
| Chequebook Facility | You can get a free chequebook if you choose a zero balance salary account in UAE with Liv. |
| Debit Card and Withdrawal Facility | Enjoy a complimentary debit card and easy withdrawals with no charges. |
6. CBD GreenGrowth Account (Previously eSaver Account)
The GreenGrowth account (formerly known as the eSaver account) is among the best 0 balance accounts in UAE offered by the Commercial Bank of Dubai (CBD). It provides competitive profit rates based on monthly average balances, ranging from 0.50% to 1.25% per annum. The account is cardless, doesn’t incur any maintenance fees, and allows up to three debit transactions per month without affecting the profit rate.
Additionally, for every AED 25,000 increase in the average balance, CBD plants a mangrove tree on the customer’s behalf and supports the UAE’s environmental initiatives. You can access your balance and statements online and open the account instantly via the CBD mobile app.
Features & Benefits of CBD GreenGrowth Account
| Features and Benefits | Description |
|---|---|
| Simple Account Opening | Easily open this zero balance account in UAE through the CBD mobile app. |
| Smooth Transactions | Make up to 3 transactions every month. |
| Environmental Initiative | The bank provides quarterly mangrove updates and an e-certificate, promoting a sustainable future. |
Eligibility Criteria and Documents to Open Zero Balance Account in UAE
When you know the eligibility criteria and required documents, you can easily open a zero balance bank account in UAE. While the exact requirements are different for each bank, we have mentioned the key requirements, eligibility criteria, and required documents for your reference below —
| Eligibility Criteria | Documents Required |
|---|---|
|
|
Note: It’s best to check with the bank directly to understand the specific requirements and documents needed for a smooth account opening process.
Best Zero Balance Accounts in UAE for Expats
When choosing a zero balance account in UAE, expats should consider more than just the absence of minimum balance requirements. After all, the best accounts combine convenience, accessibility, and benefits designed specifically for those living abroad.
Many accounts, like FAB iSave, HSBC E-Saver account, ADIB Smart account, and more, offer seamless digital onboarding. This allows expats to open accounts quickly with minimal documentation, making the process hassle-free. Beyond ease of setup, it’s important to look for features like international money transfers, multi-currency management, and low foreign exchange fees.
Moreover, certain accounts are tailored for salaried professionals, offering perks such as salary transfer bonuses, cashback, or rewards on shopping and dining. However, you need to check their specific requirements, especially if you’re looking for a zero balance account in UAE without minimum salary. Others are ideal for frequent travellers. They provide widely accepted debit cards and free global ATM withdrawals, ensuring banking remains smooth and flexible wherever you go around!
How to Open a Zero Balance Account in UAE?
Opening a zero balance account in UAE is simple and hassle-free. With Gulf Policy Souq, you can easily compare top banks, find the perfect account, and apply online in just a few clicks. To find the right option, follow the steps below —
- Step 1: Submit the form and review the options
- Step 2: Browse their features and pick the one that fits your needs
- Step 3: Click on the ‘Apply’ button
Tips for Choosing the Best Zero Balance Account
Choosing the right account ensures convenience, better savings, and access to essential banking features without hidden costs. If you find it a daunting task to choose and open the right 0 balance account in UAE, here we discuss the pro tips to help you make an informed decision —
Tip1: Compare Interest Rates – Check which bank offers the most competitive interest rate on savings. So even if you choose to keep a minimum balance, it can still grow faster.
Tip2: Review Account Charges – Make sure there are no hidden fees for services like ATM withdrawals, fund transfers, or debit card usage. All these charges can slowly eat into your savings over time.
Tip3: Look for Digital Accessibility – Choose a bank with a reliable mobile app or online banking platform. This gives you not only seamless transactions and fund transfers but also the option to track the account anytime and anywhere.
Tip4: Consider Customer Support – If you are searching ‘which bank is best for a zero balance account in the UAE?’, know that the account is not the only thing to consider. You also need to look at the customer support of the bank. It’s always advisable to choose one known for responsive customer service. Many banks in the UAE offer 24/7 customer support, ensuring quick help for issues like failed transactions, lost cards, or technical glitches.
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