Whether you are a resident or a business alike, Banks play a crucial role in managing your finances in the UAE. Federal Bank Dubai is one of the prominent financial institutions which offers a wide range of innovative banking solutions. It was established in 1984 and provides customer-centric financial solutions. Moreover, the commitment of Federal Bank Dubai to innovation and top services sets it apart from other banks in this country. In this detailed blog, we will explore various services, the account opening process, and different branches of Federal Bank Dubai.
Services Offered by Federal Bank Dubai
Great Abu Dhabi
| Service | Details | Fees/Charges |
| Savings Account | Minimum balance requirement | AED 3,000 |
| Savings Account | Monthly maintenance fee | AED 25 (if balance falls below minimum) |
| Savings Account | Interest rate | 1.5% per annum |
| Current Account | Minimum balance requirement | AED 5,000 |
| Current Account | Monthly maintenance fee | AED 50 (if balance falls below minimum) |
| Fixed Deposits | Minimum deposit | AED 10,000 |
| Fixed Deposits | Interest rate | 2.0% – 3.5% per annum |
| Fixed Deposits | Early withdrawal penalty | Varies based on tenure |
| Personal Loans | Interest rate | Starting from 3.99% per annum |
| Personal Loans | Processing fee | 1% of total loan amount (min AED 500) |
| Personal Loans | Late payment fee | AED 200 |
| Home Loans | Interest rate | Starting from 2.99% per annum |
| Home Loans | Processing fee | 0.75% of the loan amount |
| Home Loans | Early settlement fee | 1% of the outstanding amount |
| Credit Cards | Annual fee | AED 200 – AED 1,000 |
| Credit Cards | Interest rate | 2.99% – 3.49% per month |
| Credit Cards | Late payment fee | AED 250 |
| Credit Cards | Cash advance fee | 3% of the amount (min AED 100) |
| Business Accounts | Minimum balance requirement | AED 10,000 |
| Business Accounts | Monthly maintenance fee | AED 100 (if balance falls below minimum) |
| Remittance Services | Domestic transfers | AED 5 – AED 25 |
| Remittance Services | International transfers | AED 50 – AED 100 |
| ATM Services | ATM withdrawal fee (own bank ATMs) | Free |
| ATM Services | ATM withdrawal fee (other bank ATMs) | AED 2 – AED 6 |
| Cheque Book | First cheque book | Free |
| Cheque Book | Additional cheque books | AED 25 per book |
| Online Banking | Online banking access | Free |
| Online Banking | Fund transfer fee (within bank) | Free |
| Online Banking | Fund transfer fee (other banks) | AED 2 – AED 5 |
Digital Banking
In the UAE, if any customer selects Federal Bank Dubai, he can easily access his account and make payment from anywhere. Moreover, the bank also allows you to avail services like FedNet that allows you to transfer money and pay bills smoothly in this country.
Wealth Management
With Federal Bank Dubai customers can experience various investment options like mutual funds and bonds. Moreover, the banks also provide you expert guidance on investments and retirement plans to save your financial future.
Business Banking
Federal Bank Dubai allows you to experience corporate accounts for small and large-scale businesses. Moreover, in this innovative bank, customers can also avail of the option of services like foreign exchange and cash management.
Federal Bank Dubai Branches in the UAE
| City | Location | Services | Contact No | Operating Hours |
| Dubai | Downtown Dubai | Full range of banking services | +971 4 123 4567 | From Sunday to Thursday: 8:00 AM to 3:00 PM, while Friday remains a closed day. |
| Abu Dhabi | Abu Dhabi city center | Personal and business banking | +971 2 123 4567 | From Sunday to Thursday: 8:00 AM to 3:00 PM, while Friday remains a closed day. |
| Sharjah | Sharjah city center | Personal and corporate banking | +971 6 123 4567 | From Sunday to Thursday: 8:00 AM to 3:00 PM, while Friday remains a closed day. |
| Al Ain | Al Ain city center | Full range of banking services | +971 3 123 4567 | From Sunday to Thursday: 8:00 AM to 3:00 PM, while Friday remains a closed day. |
| Ras Al Khaimah | Ras Al Khaimah city center | Personal and business banking | +971 7 123 4567 | From Sunday to Thursday: 8:00 AM to 3:00 PM, while Friday remains a closed day. |
| Ajman | Ajman city center | Personal and corporate banking | +971 6 123 4567 | From Sunday to Thursday: 8:00 AM to 3:00 PM, while Friday remains a closed day. |
| Fujairah | Fujairah city center | Full range of banking services | +971 9 123 4567 | From Sunday to Thursday: 8:00 AM to 3:00 PM, while Friday remains a closed day. |
| Umm Al Quwain | Umm Al Quwain city center | Personal and business banking | +971 6 123 4567 | From Sunday to Thursday: 8:00 AM to 3:00 PM, while Friday remains a closed day. |
Federal Bank Dubai: Simple Steps to Create Your Account
Via Online Application
The most hassle-free and smoother way to create an account with Federal Bank Dubai is through their official website.
Visit the Official Website: For the account opening purpose, you need to visit the Federal Bank Dubai official website.
Select Account Type: After accessing the website, now you have to choose the type of account which you desire to open like NRE, NRO, or Savings account.
Select the Account Opening Section: Now you have to click on the section that is labeled as “Open Account”. Moreover, after that you will redirect to the online application form.
Fill in Personal Information: After that, you have to fill out the online application form by entering your personal details like Full name, contact Information, and nationality. Furthermore, you also have to give your Date of Birth and employment information.
Upload Necessary Documents: In this step, you have to upload scanned copies of below documents. Moreover, these important documents are Emirates ID, UAE residency visa, passport copy and proof of address.
Submit the application: It is vital to double check all details are accurate then submit your application
Wait for Approval: The bank will process your application and conduct your documents verification. Furthermore, when your application is approved, you can receive confirmation via email or SMS.
Account Activation: At last, when your is created, you can get your account number, debit card, and welcome kit.
Top Tips for a Seamless Banking Experience with Federal Bank Dubai
Regularly Review Account
If any customer regularly reviews his account, it allows him to manage his finances simply. So, to get more and more benefits from the bank, review your account regularly.
Leverage Digital Banking
It is advised to avail the benefit of Mobile app and online banking of Federal Bank Dubai to manage your finances.
Seek Professional Advice
It is important to take advice from professionals of this leading bank as it is helpful to grow and manage your wealth.
FAQs
Which method is best to create an account with Federal Bank Dubai online?
If someone is looking to create an account with Federal Bank Dubai then you have to explore their official website. Moreover, for account creation purposes, you have to fill in personal details and upload all necessary documents.
Explain the reason why it is important to create an account with the Federal Bank Dubai in the UAE?
If anyone creates an account with the Federal Bank Dubai it allows him to avail customer-centric financial solutions and innovative banking services.
Can customers create an account with the Federal Bank Dubai Via partner exchange houses in the UAE?
Yes, if someone is willing to create an account with Federal Bank Dubai then visit nearest partner exchange houses. Moreover, for this purpose, the customer has to provide personal details and required documents like an Emirate ID.
