zero balance accounts in UAE

Zero Balance Accounts in UAE – 2023

To open a savings account in UAE, you need to meet a few requirements like minimum salary and minimum balance maintenance. Few banks even charge high fees on non-maintenance of a minimum balance. However, banks in the UAE started providing accounts with no requirement of maintaining a minimum balance. This kind of accounts are dubbed as a Zero balance account. 

Account NameInterest Rate(p.a.)Minimum Salary
ADIB Smart Banking AccountProfit on every dirham in the accountBoth income and non-income based eligible
Commercial bank of Dubai(CBD) ESaver Account1.50%AED 5000
FAB iSave Account2%NA
RAK Bank Fast Saver Online Account0.50%NA
HSBC Esaver Account0.10%NA
Emirates NBD Liv. Account1.5%NA
Mashreq Happiness AccountNAAED 10,000

Here’s a list of various banks and features of the zero balance facility: 

ADIB Smart Banking Account

  • One of the best zero balance account in UAE
  • Can open an account online, instantly
  • Can get a personalized debit card
  • No charges on non-maintenance of the account balance
  • Get profit on every dirham available in the account
  • No charges on ATM withdrawals at ADIB, UAE
  • Can access the account using the smart banking mobile app
  • Applicant must be 18 – 24 yrs student or should have a minimum salary of AED 5000
  • Even non-income based individuals like housewives(with housewife visa status) are eligible
  • Provides high discounts and offers on dining, entertainment, shopping, etc.
  • Get can reward on referring friends 
  • One free transfer per month to other banks anywhere in the world 

Commercial bank of Dubai(CBD) ESaver Account

  • Need not maintain minimum balance in the account 
  • Zero maintenance charge
  • Monthly average balances pull in up to 1.5% interest
  • Three debits per month (transfers, payments, etc) from Esaver account
  • It provides CBD Online Banking for customers
  • Minimum salary requirement AED 5000
  • UAE Nationals and Expats are eligible

Read More about CBD Esaver Account

Mashreq Happiness Account

  • Can open the account online instantly
  • Salary Transfer Account
  • Get Online Banking and Mobile Banking facilities
  • No monthly fee or minimum balance requirement on the account
  • Get first cheque book for free
  • Get free debit card
  • Can avail free remittance through Mashreq online banking or mobile banking
  • Get up to AED 2000 welcome bonus
  • Earn AED 25 worth Salaam points on making 5 online transactions monthly
  • Salaam points can be redeemed for travel tickets or at selected brands

Read more about Mashreq Happiness Account

FAB iSave Account

  • One of the Zero balance savings account in UAE
  • Can get up to 2%(pa) interest rate on the balance maintained in the account from February 1, 2022 to April 30, 2022
  • No account opening charges
  • No monthly fees
  • No withdrawal limitations

Read more about FAB iSave Account

RAK Bank Fast Saver Online Account

  • No minimum balance requirement on the account 
  • No charges for maintaining an account
  • 5 utility payments or 1 cash withdrawal is allowed per month
  • A maximum interest rate of 0.50%(pa) is provided
  • AED & USD currencies are allowed

Read more about RAKBank Fast Saver Account 

HSBC Esaver Account

  • Zero balance account for UAE residents
  • Can manage your money online
  • No maintenance charges
  • Interest rate of up to 0.10% is provided on the account balance
  • Can withdraw money easily from the account

Read more about HSBC Esaver Account 

Emirates NBD Liv. Account

  • Can open a bank account quickly using Liv. app 
  • Provides up to 1.5%(pa) interest rate according to the account balance
  • Provides an international debit card
  • Can get up to 50% off on dining, entertainment and leisure
  • Can manage your account and transactions using the Liv. app 
  • No maintenance charges involved

Read more about Emirates NBD Liv Account

Now, see a detailed comparison of all the Zero Balance Accounts in UAE here 

These are the few 0 balance accounts in UAE where you can open an account and get best interest rates in UAE if any balance is present else maintain the account with zero balance and zero fees. These UAE bank accounts without minimum balance are also being provided with good offers and rewards.  Disclaimer: Mymoneysouq holds no responsibility for any changes in the figures.

Meet the author
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Nikitha is a Senior Analyst at She has been writing about personal finance, credit cards, mortgage, and other personal finance products in the UAE. Her work on Mortgage loans has been featured by the GulfNews and other popular Financial Blogs in the UAE.






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