Procedure to open an account with Federal Bank, Abu Dhabi

• Visit the Federal Bank website or their branch to explore the various types of accounts they offer. Standard options include savings accounts, current accounts, fixed deposit accounts, and more. Decide on the account type that best suits your needs.
• Fill out the account opening application form with accurate and up-to-date information. Make sure to provide all the required details and attach the supporting documents.
• Some accounts may require an initial deposit to activate the account. Check the specific account requirements and deposit the required amount.
• The bank will conduct a verification process to verify the information provided and assess your eligibility for the chosen account type. This may take a few business days.
• Once your application is approved and the verification process is completed, the bank will activate your account, and you will be issued an account number and relevant account documents.
• You will receive your account details, such as account number, debit card (if applicable), and other relevant information.
• If Federal Bank offers online banking services, you may need to set up your online banking account separately. This will allow you to access your account and perform transactions online.

Eligibility

1. Age: The applicant must meet the minimum age requirement set by the bank for the specific type of account. In most cases, individuals over 18 can open their accounts independently. For minors, there might be special types of accounts with different requirements.
2. Residency: Depending on the type of account and the bank’s policies, residents and non-residents may be eligible to open accounts.
3. Valid Visa/Residency: Non-resident applicants may need to provide a valid work permit, residency visa, or other relevant documents to establish their legal status in the UAE.
4. Compliance with Regulatory Guidelines: The applicant must comply with all regulatory guidelines and requirements set by the Central Bank of the United Arab Emirates and other relevant authorities.

Documents Required

1. Valid Passport: A valid passport with clear identification and personal details.
2. Emirates ID or other government-issued ID: UAE residents may need to provide their Emirates ID or other government-issued ID as proof of identity.
3. Proof of Address: A utility bill (electricity, water, etc.) or a tenancy contract may be required to prove the applicant’s address in the UAE.
4. Passport-sized Photographs: A couple of passport-sized photographs are usually needed for account opening.
5. Visa and Work Permit (for non-residents): Non-residents will likely need to provide a valid residency or work permit.
6. Additional Documents: Depending on the type of account, the bank may request additional documents, such as salary certificates, trade licenses (for business accounts), or other income-related documents.