Overview
First Abu Dhabi Bank, at a glance.
First Abu Dhabi Bank is a bank headquartered in the United Arab Emirates, regulated by Central Bank of the UAE. Business accounts cost AED 0–250 a month. Opening an account takes 3–5 days. FAB's account terms say current accounts may only be opened and kept by UAE residents; a non-resident company can hold only a Business Call Account.
First Abu Dhabi Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE.
Why businesses pick First Abu Dhabi Bank
- Business current accounts in AED and foreign currencies including USD, EUR, GBP and JPY
- Opened digitally through the FAB Business app
- Incoming transfers are free
- Cheaper transfers on the higher tiers: from AED 20 in the UAE and AED 45 abroad
- The UAE's largest bank, present in 20 markets
Watch out for
- Business Basic costs AED 250 a month, plus AED 100 below an AED 10,000 average balance
- Advantage and Preferred need AED 250,000 or AED 500,000 to avoid AED 350 or AED 500 a month
- Current accounts only for UAE residents
- No FX margin published on transfers
- Closing the account within 6 months costs AED 150 to AED 500
Business fit
Will First Abu Dhabi Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on First Abu Dhabi Bank's published rules
Likely no
First Abu Dhabi Bank does not list United Kingdom among the countries where it accepts companies.
First Abu Dhabi Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What First Abu Dhabi Bank publishes about the businesses it takes on.
Who First Abu Dhabi Bank serves
- Startups and SMEs
- Import and export
- Professional services
Not supported
Industries and countries First Abu Dhabi Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use First Abu Dhabi Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
AED and foreign currencies
- EUR
- USD
- GBP
- JPY
- AED
FAB names AED, USD, GBP, JPY and EUR among its currencies; no full list is published.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United Arab Emirates
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does First Abu Dhabi Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
AED 0–250
depends on plan
Business Basic
AED 250 per month
Setup fee not published
Business Advantage
Lowest costAED 0 per month
Setup fee not published
Business Preferred
AED 0 per month
Setup fee not published
Transaction fees
| Cost | Business Basic | Business Advantage | Business Preferred | How it is charged |
|---|---|---|---|---|
| Incoming | ||||
| SWIFT / international | Free | Free | Free | No charge · Inward remittances in AED and foreign currency |
| Outgoing | ||||
| SWIFT / international | AED 70 | AED 60 | AED 45 | Fixed fee |
| Local transfer to another bank | AED 50 | AED 25 | AED 20 | Fixed fee · Transfer within the UAE (Central Bank) |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply online
Apply at business.bankfab.com or in the FAB Business app.
- 2
Choose a tier
Pick Business Basic, Advantage or Preferred, depending on the balance you will keep.
- 3
Documents
Provide the trade licence and the documents FAB asks for the company, signatories and owners.
- 4
Account live
Once approved you receive the account details and access to FAB Business.
Documents you need
Not published
FAQ
Your questions, answered.
Is FAB a bank?
Yes. First Abu Dhabi Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE, licence 01.01.01.008.1968.01.
How much does a FAB business account cost?
Business Basic costs AED 250 a month, plus AED 100 if the average balance falls below AED 10,000. Business Advantage and Preferred have no monthly fee above an average balance of AED 250,000 or AED 500,000; below it they cost AED 350 or AED 500 a month.
Can a non-resident company open a FAB current account?
No. FAB's account terms limit current accounts to UAE residents; a non-resident company can hold only a Business Call Account.
What do transfers cost?
Incoming transfers are free. Transfers within the UAE cost AED 50, 25 or 20 and international transfers AED 70, 60 or 45, depending on the tier.
Alternatives
How First Abu Dhabi Bank compares.
If First Abu Dhabi Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 First Abu Dhabi BankThis pageBank |  | Multi-currencyDigital opening |
 Emirates NBDBank |     +4 | Business packagesVisa debit card |
 ADCBBank | | Small businessesAED only |
 Mashreq NeoBizBank |   | Digital bankNo initial deposit |
 Wio BankBank | | Digital bank7 currencies |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.