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10+ Best Zero Balance Account in UAE (2024 Updated)

The list of best zero balance account in UAE for you to open an account

Most people don’t want to make a minimum deposit just to open a bank account. If you are one of them, you should open a zero balance account in UAE.

The account can be opened without depositing any money or paying fees per month. This averts the bank requirements of maintaining a minimum monthly average balance to prevent penalty fees.

Many banks in UAE offer zero balance accounts, but not all are good. To help you choose the best zero-balance bank account in UAE, we’ve compiled a list of 12.

Let’s go through them and help you choose the best zero balance bank account in UAE.

List of 12 best zero balance account in UAE

Following is a list of no minimum balance accounts in the UAE:

1. FAB iSave Account

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Bank: Commercial Bank of Dubai

Interest rate: Up to 2.25%


  • Get credit cards upon opening an account
  • Free online banking and mobile banking from any of the emirates
  • Instant online account creation with just your Emirates ID

FAB is one of the top banks in the UAE and offers several excellent account options for its customers. One of these is the iSave account.

It provides customers with a high-interest rate, unlimited withdrawals, and is a no minimum balance account in UAE. This makes it an ideal account for those looking to maximize their savings.

2. CBD Esaver Account

InArticle Image-eSaver Account-CBD

Bank: Commercial Bank of Dubai

Interest rate: Up to 1%


  • Instant online account opening
  • Three debits (payments or transfers) each month
  • Online banking available

The CBD Esaver Account has a great deal for UAE residents aged 18 years or over. The interest rate p.a is very attractive, and you can earn 0.25% interest immediately upon depositing even a low amount. [1]Commercial Bank of Dubai, “CBD Esaver Account, https://www.cbd.ae/personal/bank/accounts/savings-account/esaver#”

If you have a deposit of AED 25,000 to 99,999 in your account, you can earn 0.5% interest. AED 100,000 to 999,999 earns you 0.75% and AED 1,000,000 to 4,999,999 earnS 1%.

These are all higher rates than most other banks. However, if you have over AED 5,000,000 in your account, you will only earn 0.1% interest.

3. ADIB Smart Account

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Bank: Abu Dhabi Islamic Bank

Profit rate: Around 0.5%


  • One domestic or international transfer for free each month
  • Get 1,500+ discount offers and deals through the Smartdeals app

The non-income-based zero balance bank account in UAE is a great way to manage your finances. [2]Abu Dhabi Islamic Bank, “ADIB Smart Account, https://www.adib.ae/en/Pages/smartbanking.aspx#tab_default_3″

Once you have the app, you’ll have access to over 1500 deals and discounts through Smartdeals. You’ll also be able to make one domestic or international transfer for free each month.

In addition, you will also earn rewards just for being active or for referring a friend.

4. CBD Business Account

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Bank: Commercial Bank of Dubai

Monthly maintenance fees: AED 125


  • Dedicated SME service desks
  • High withdrawal limits on debit card
  • Dedicated relationship managers

With no minimum balance and low monthly fees, it’s easy to keep your business running smoothly without breaking the bank.

Plus, their Business Debit Card comes with high daily withdrawal limits. So you can access your funds whenever you need them with the account.

You get the best value for money with standard banking and digital transaction fees. They also provide standard rates on foreign exchange, trade finance, and standard banking transactions.

See also: Check out our Dbd guide on the best bank in UAE

5. RAKBANK Fast Saver Account

InArticle Image-RAKBANK Fast Saver Account

Bank: RAKBANK (National Bank of Ras Al Khaimah)

Interest rate: 0.5% for AED, 0.25% for USD


  • No monthly maintenance charges
  • AED and USD currencies are available
  • Interest is calculated daily and paid monthly

You can save in either AED or USD currencies, and the interest rate is very competitive. Interest is earned on all deposits, no matter how high the amount is, which is a great benefit.

Additionally, there is no maximum limit on deposits that can earn interest. This is an advantage over other banks, which set a maximum limit on deposits that can earn interests.

Overall, the RAKBANK Fast Saver Account is a great choice for anyone looking for a high-yield savings account.

6. ADIB Banoon Children’s Savings Account

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Bank: Abu Dhabi Islamic Bank

Interest rate: Up to 0.41%


  • Free Darhoom Prepaid Card
  • Unlimited cash withdraw
  • Free SMS updates

The ADIB Banoon Children’s Savings Account is a great way for parents to start saving for their children’s future.

This account is free, and there is no limit to cash withdrawals. Parents can apply for this zero balance bank account in UAE for their children under 18.

This account should be helpful to parents in teaching kids how to manage their finances early on as well. With the account, parents can rest assured that their children will be financially stable when they reach adulthood.

7. RAKstarter Account

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  • No ledger fees
  • Unlimited Cheque book facility
  • Attractive Trade Finance and Forex rates
  • Dedicated Relationship Manager for financial advice

With RAKstarter Account, you can choose from AED, USD, Euro, and GBP currencies. That makes it a convenient option for businesses with international operations.

RAKstarter also provides 24-hour phone banking services. As an added benefit, RAKstarter offers a business insurance and cloud accounting package for just AED 49 per month.

With RAKstarter, businesses can save time and money while getting the tools they need to grow.

8. DIB Shaatir Savings Account

InArticle Image_Dubai Islamic Bank

Bank: Dubai Islamic Bank

Interest rate: Around 0.1%


  • No minimum balance or maintenance fees
  • Personalized card

Many parents are hesitant to open savings accounts for children due to maintenance fees and minimum balances. However, Dubai Islamic Bank offers a bank account without such hassles.

DIB Shaatir Savings Account offers a great alternative for parents who want to help their children learn about saving money.

This account has no maintenance fees. So you can save for your children without having to worry about costs eating into their savings.

Additionally, the DIB Shaatir Savings Account is a great first step to helping your children learn about money management.

Related info: Our Dbd guide, best bank account in UAE, has detailed information on the best bank accounts in the country.

9. ADIB Student Savings Account

InArticle Image-Student Savings Account-ADIB

Bank: Abu Dhabi Islamic Bank


  • Free online and mobile banking
  • Free ISIC Prepaid Card
  • Unlimited Cash Withdrawals

The ADIB Student Savings Account is an excellent way for students in the UAE to save money. There is no minimum balance required, and the account comes with a free ISIC Prepaid Card.

This card can be used to load the balance from your ADIB account and make free cash deposits or withdrawals at all ADIB ATMs. In addition, a mobile app is available to manage your money quickly, and it also supports Apple pay.

This account is a great option for students who do not have enough to deposit as a minimum balance in a normal account.

10. HSBC Flexi Account

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Bank: HSBC (Hongkong and Shanghai Banking Corporation Limited)

Interest rate: Up to 0.02%


  • National and international money transfers allowed
  • Online account management
  • Up to 12 visits to over 1,000 airport lounges globally each year

HSBC Flexi Account provides all the features and benefits you need with none of the hassles. [4]HSBC, “HSBC Flexi Account, https://www.hsbc.ae/savings-accounts/products/flexi/”

There is no need to transfer your salary, and no minimum balance is required either. The account is perfect for busy, on-the-go people.

Plus, you can get an optional cashback credit card that gives you up to 10% monthly cashback. If that wasn’t enough, the Flexi Account also comes with a free movie ticket every month! Account holders get a “buy 1 get 1 free” ticket offer at VOX Cinemas.

11. NBF Max Saver Account

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Bank: National Bank of Fujairah

Interest rate: Up to 1.75% (AED) and Up to 1.25% (USD)


  • One cash withdrawal every month without affecting interest
  • Two Max saver account per person is allowed
  • Starting interest rates of 1.5% for AED and 1% for USD accounts

The NBF Max Saver account is a great way to save money. As the name suggests, it allows you to maximize your savings.

One family member can create a free account with no minimum balance required. The lowest interest rate is 1.5% which is still much higher than most UAE banks. [5]National Bank of Fujairah, “Expat banking solutions, https://nbf.ae/en/personal/account-services/new-to-uae/expat-banking-solutions#:~:text=Savings%20account,competitive%20interest%20rate”

This account can be created with two currencies – AED and US Dollar. You can also withdraw cash once each month without affecting the interest rate.

If more than one withdrawal is made, only 0.25% interest will be paid for AED accounts and 0.15% for USD accounts. It is a great way to save money and ensure that you always have some cash on hand in an emergency.

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12. SIB Digital Account

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Bank: Sharjah Islamic Bank


  • Profit paid monthly
  • Free remittance to India and Pakistan
  • Online and mobile banking options are available

Sharjah Islamic Bank has introduced a new digital account for its customers. You can avoid paying this account’s minimum balance, fees, or other charges. [6]Sharjah Islamic Bank, “SIB Digital Account, https://www.sib.ae/en/personal-banking/accounts/digital-account”

The bank promises to pay monthly profits on this account. Also, the customers will be able to send money without any extra charges to India and Pakistan.

In addition, a free debit card and a chequebook are also provided. You can withdraw up to AED 15,000, make physical purchases up to AED 50,000, or online purchases up to AED 25,000 with the debit card daily.

To open an account, simply provide an email ID, phone number, Emirates ID, and a selfie. With these documents, they can instantly open an account online without hassle.

See also: If you don’t know how to open a bank account, then check our comprehensive Dbd guide on How to open bank account in UAE.


Can I open zero balance account in UAE?

Yes, a few banks offer zero balance account in UAE. But some of them may deduct account maintenance charges at the end of each month after you start depositing.

How to open zero balance account in UAE?

No minimum balance account in UAE can be done through most banks’ online bank account opening processes. You must visit a branch in some cases, while you must download an app and sign up in others.

Which bank is best for zero balance account in UAE?

The best bank account with zero balance in UAE depends on your specific needs. UAE zero balance account can be opened from FAB, ADIB, RAKBANK, etc.

Which bank offers zero balance account in UAE?

ADIB, FAB, RAKBANK, CBD, etc., offer zero balance account in UAE. You should read more about their services before you choose.

Which bank has no minimum salary in UAE?

Generally, a zero balance account in UAE, which is a savings account, has no minimum salary requirement. FAB, ADIB, CBD, etc., have no minimum salary accounts in the UAE, and the account can be opened online or from a branch.

Final thoughts

A zero balance account in UAE is a fantastic way to access all your financial resources. It is far superior to traditional minimum balance accounts.

UAE zero balance account isn’t as popular as normal bank accounts. But knowing about them will undoubtedly be helpful to some people.

There are several different types of zero balance bank account in UAE that you can check out and select. But since everyone has unique requirements, you must pick one that caters to your needs.

About the author

Khalid Jama
Khalid Jama
Financial Advisor

Khalid Jama is a financial advisor based in Dubai. He has a decade of experience in the financial sector, specializing in asset portfolio management, investor relations, and taxation. His expertise in corporate finance and global investments have made him one of the most sought-after advisors in the Emirates. With knowledge, Khalid has helped his clients create long-term wealth through careful analysis and strategic planning.

Mohamed Yousuf
Mohamed Yousuf
Personal Financial Advisor

Mohamed Yousuf is a personal financial advisor based in the UAE. He helps people save money, shop smarter, and manage their finances. He has over a decade of experience as a financial adviser and is committed to helping his clients reach their financial goals. He is also actively involved in the community, volunteering his time to help those in need.


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