FAB (First Abu Dhabi Bank) Business Account for UAE Free Zone Companies 2026
FAB (First Abu Dhabi Bank) is the UAE largest bank by assets following the merger of First Gulf Bank and NBAD. Here is the 2026 guide to FAB business banking for UAE free zone companies.
In this guide:
FAB Business Banking Overview
- FAB: UAE largest bank; AED 1+ trillion in assets; listed on Abu Dhabi Securities Exchange
- SME Banking: FAB SME division offers dedicated products for small and medium enterprises
- Free zone acceptance: Accepts free zone companies from most UAE free zones; Abu Dhabi-based companies particularly well-served
FAB Business Account Products
- FAB Business Current Account: AED current account; cheque book available
- FAB SME e-Business Account: Digital-first; lower minimum balance
- FAB Multi-Currency Account: AED + USD + EUR + GBP
- FAB Trade Finance: Export LC, import LC, trade loans for trading companies
FAB Business Account Requirements
- Valid UAE trade licence
- MOA (Memorandum of Association)
- Shareholder and director passports + Emirates ID
- Source of funds declaration
- Last 6-month personal bank statements
FAB Business Account Minimums
- Minimum average balance: AED 25,000-100,000 depending on account type
- Monthly charge if below minimum: AED 200-500
- Account maintenance fee: AED 100-200/month
When FAB Is a Good Choice
- Abu Dhabi-based businesses: FAB has strong Abu Dhabi network and government connections
- Trading companies: FAB offers strong trade finance products at competitive rates
- When rejected by Dubai banks: FAB has slightly different risk appetite and may accept companies declined by Dubai-headquartered banks