Abu Dhabi Commercial Bank Dubai
Abu Dhabi Commercial Bank (ADCB) is one of the most popular banks in the United Arab Emirates. Its majority shares are owned by Abu Dhabi Investment Council (ADIC). It’s headquartered in Abu Dhabi, but covers the whole country with a network of 56 branches. ADCB’s core services include personal and business banking, investment, and fund management.
Why open an account with ADCB in Dubai, United Arab Emirates?
- Easy online setup via the ADCB Hayyak mobile app
- Multicurrency support including AED, USD, GBP, and EUR
- No monthly fees for select accounts
- Access to modern digital services for payments and transfers
- Instant debit card issuance for new account holders
- Competitive interest rates on savings accounts
ADCB’s services facilitate individuals and businesses alike. You can get a wide range of efficient solutions in one place. Bigger companies and new residents might require professional consultancy to acquire the best solutions for their needs.
The process to open an account is structured. This guide walks you through everything you should know about opening an account with the Abu Dhabi Commercial Bank in Dubai, UAE.
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Types of ADCB Accounts in the UAE
- Current Account
- Savings Account
- Active Saver Account
- Fixed Deposit Account
This account is for everyday use. It comes with a free chequebook and a debit card. You can choose to have it in AED or other major currencies. It’s suitable for people who need to manage daily expenses and receive salaries.
This account helps you save money and earn interest. It’s available in AED and USD. You get a debit card and free e-statements. It’s good for those who want to grow their savings over time.
This is an online-only savings account. You can open it in AED, USD, or GBP. It offers competitive interest rates, and you can manage it through internet servicing. It’s ideal for people who prefer digital services and want to earn more from their savings.
This account lets you deposit a fixed amount for a set period. You earn higher interest rates compared to regular savings accounts. It’s suitable for those who can set aside money without needing immediate access.
Steps to Open an Account with Abu Dhabi Commercial Bank
You can apply online through the ADCB Hayyak App or by visiting the nearest branch. Choose the option more suitable for you.
Emirates Islamic offers current, savings, deposit and other account options. Explore and choose based on your requirements and long-term needs.
Prepare the documents required for your account type. Residents, expats, and businesses all require a different set of documents. Ensure your paperwork is complete and valid.
For the online application, make an account and fill out the application form. If you’re visiting a branch, a representative will assist you in filling out a physical form.
Submit all the documents required and ensure their validity. They may ask for extra documents or information as required.
Upon approval, your account will be activated. You will receive your debit card and checkbook shortly after. You can access all services using your account information.
Understanding General Trading License in Dubai
Buying and selling goods
Importing and exporting products
Wholesale and retail trading
Selling items online (e-commerce)
Trading tools, equipment, and materials
Storing and delivering goods (logistics)
In simple terms, if your business involves handling different products, this license is required. It is one of the most useful and flexible licenses in Dubai.
Difference Between Mainland & Free Zone Online Business
- Mainland
- Free Zone
The mainland licenses are regulated by the Department of Economic Development (DED). It provides several benefits to online businesses. Here are some of the highlights:
- You can trade freely within the UAE market
- UAE residents and foreign investors can get government support
- Mainland partnerships may be better for the long term
Free zones are regulated by their own authority, offering many benefits to new e-commerce businesses in Dubai. Some of the highlights about free zone setup include:
- Free zones in Dubai offers 100% foreign ownership and tax benefits
- Limited to operating within the Free Zone
- License issued by Free Zone authority with simplified setup
Your Best Banking Options in the UAE
Emirates NBD
This bank started in 1963. Its one of Dubai’s oldest and largest banks. It leading in digital banking. Its strong local trust and wide service network give it a solid edge in both personal and business services.
RAKBANK
RAKBANK was founded in 1976 and focuses on helping individuals and small businesses. It offers both regular and system compliant to Islam. The bank’s strength is in simple services, e.g. fast opening, and easy loan access for startups and freelancers.
First Abu Dhabi Bank
FAB was founded in 2017 from a merger and is now the largest bank in the UAE. It offers strong financial support and global reach. FAB’s edge is in high-value services and safe, large-scale banking for professionals and growing businesses.
ADCB
Abu Dhabi Commercial Bank began in 1985. It is known for smart digital services. It focuses on saving time for users through applications and online tools. It has strong customer service and tech-based growth. Among the best for personal and corporate banking.
Emirates Islamic Bank
This bank started in 2004. It is known for blending laws of Islam with modern tools. It was the first shariah bank to launch WhatsApp banking. Its main strength is offering Shariah-compliant products with easy access and user-friendly digital support.
Benefits of Abu Dhabi Commercial Bank
Free debit card
No hidden fees
AED & USD options
24/7 mobile access
Quick online signup
Salary transfer perks
Reward point system
Paperless processes
Instant card issue
Bill pay via app
Eligibility Requirements for Opening an ADCB Account
- Must be at least 18 years old to apply
- UAE residents need a valid Emirates ID and a residence visa
- Non-residents require a passport and a valid visit visa
- Minimum salary requirement is AED 5,000 for salaried individuals
- Submission of a salary certificate or proof of income is mandatory
- Completion of the CRS (Common Reporting Standard) form is required
- Compliance with KYC and AML regulations is mandatory for businesses
- Businesses must provide a valid trade license and incorporation documents
- Proof of address, such as a utility bill, may be requested
- Additional documents may be required based on account type and applicant profile
Required Documents for Individuals
- Valid passport copy
- Emirates ID copy
- Residence visa copy
- Recent utility bill
- Salary certificate
- Bank statement (if any)
- Proof of income
- CRS self-certification
- Completed application form
Required Documents for Businesses
- Valid trade license
- MOA/AOA copies
- Passport copies (owners)
- Emirates IDs (partners)
- Company stamp
- Board resolution
- Tenancy contract
- Shareholder structure
- Authorized signatory ID
- VAT registration (if any)
Additional Services by ADCB
Credit Cards
Secure credit cards for spending, travel, and bill payments with perks that suit diverse needs.
Wealth Management
ADCB helps you manage, grow, and protect your money with expert financial planning.
Loan Options
Get easy loans for personal, car, home, and business needs with flexible payment plans.
Lifestyle Solutions
With financial services, get travel, shopping, and daily life deals to match your lifestyle.
Financial Support &
Banking Services
Loan Options
FAB provides multiple loan options for private, business, automobile, and housing purposes. The requirements and range differ for each type. Overall, the loans are provided at lower interest rates and on easier terms.
Digital Banking
FAB provides mobile and online account access, transactions, and alerts. It features digital integration of international standards with complete security using OTPs, biometrics, and other securitization tools.
Wealth Management
FAB provides wealth management facilitation to businessmen and companies. They provide an exceptional advisory panel with informed opportunities to trade globally. Bank’s Integration of high-end research and technology helps pick the best products.
Seamless Digital Financial Services with RAKBANK
Banking Packages
The bank offers several packages (Beyond, Emirati, and Plus Maximizer), allowing you to access free debit cards, up to 5 credit cards, exclusive rewards like cashback, insurance, and high-interest savings. These packages are suited to expats and nationals alike.
Loan Options
Need personal, auto, home, or national loans? RAKBANK offers flexible options with low rates, quick approvals, and no salary transfer. They even offer green loans for eco-conscious people to purchase solar panels.
Digital Banking
RAKBANK has digital platforms that ensure smooth account access and transactions with OTPs and RAKToken. They provide instant card blocking to secure logins. You can enjoy full control and advanced fraud protection at all times.
Banking Made Easy with IBG Consultancy in Dubai
Book a Free Consultation
Contact our experts to choose the right account for your business or personal needs.
We Prepare Your Documents
Our team gathers, reviews, and organizes all required paperwork for a smooth process.
Direct Bank Coordination
We connect directly with leading banks in the country to fast-track your application.
Account Opened
Get your account activated and ready to use, without any delays or confusion.
Why IBG Consultancy is Trusted for Financial Services in Dubai
IBG Consultancy makes your banking journey easy. We provide you with a new account suitable for your requirements. All you have to do is get in touch with us, provide the details, and wait for the due processing time. Contact us today to open your account with ADCB successfully.
Frequently Asked Questions
What is ADCB Privilege and who is it for?
ADCB Privilege is a tailored financial experience for eligible individuals seeking added value and exclusive services.
Can I access ADCB services via mobile?
Does ADCB offer corporate financial support?
What is the New Shukran ADCB Credit Card?
Is ADCB involved in wealth management?
What role does ADCB play in IPOs?
Is there an option for retail clients?
What does 2024 ESG Report of ADCB highlight?
How is ADCB involved in the Dubai Financial Market?
What is Dubai Residential REIT and ADCB’s connection to it?
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