Provider profile
FAB
Raqma's read on FAB
Raqma's read on Summarised from catalogue fields — not a paid placement.
- Products tracked
- 2 across 2 categories (Business accounts, SME financing)
- Licence status
- UAE Central Bank — licensed
- Public rating
- Trustpilot: 2.3/5 · 6 reviews — snapshot 2026-10-15 (source)
- Lowest monthly fee
- AED 250 — FAB Business Basic
- Free-zone acceptance
- 1 of 2 products accept free-zone licences
- Last reviewed
In short: FAB has a focused offer in the UAE business accounts and sme financing space, with published fees from AED 250/mo. Licensing on record: UAE Central Bank — licensed.
Is FAB right for you?
Fit read from catalogue fields — not a recommendation, confirm terms with the provider.
- UAE SMEs
- Partial fit 2 products tracked across 2 categories
- E-commerce merchants
- Limited No payment-gateway products tracked
- Free-zone companies
- Strong fit 1 of 2 products accept free-zone licences
- Import-export businesses
- Strong fit 1 cross-border product
- Startups needing corporate banking
- Partial fit Approval details not yet verified
Strengths and watch-outs
Aggregated across the tracked FAB catalogue — exact terms are on each product page.
Where FAB stands out
- AED 250 monthly fee
- Accepts free-zone licences
- Multi-currency: AED, USD, GBP, JPY, EUR
Watch-outs
- You want fully remote onboarding — a branch visit is required.
- You cannot hold the required AED 10,000 minimum balance.
Licensing
- UAE Central Bank — licensed
Verified answers
What minimum balance does a FAB business account require?
FAB’s business-banking fee table shows minimum monthly average balances of AED 10,000 / 250,000 / 500,000 depending on the package, with fall-below fees of AED 100 / 350 / 500 per month. The entry package also carries a AED 250 monthly maintenance fee.
Source: bankfab.com · verified
What other fees does FAB charge businesses?
The schedule lists an account-closure fee of AED 150 within six months (AED 250–500 on higher tiers), a AED 400 trade-licence expiry fee, 1% on foreign-currency cash deposits/withdrawals, and teller transactions free up to a monthly allowance then AED 10 each. Monthly statements are free; IBAN, reference and liability letters cost AED 100–300 + 5% VAT.
Source: bankfab.com · verified
Frequently asked questions
Is FAB licensed in the UAE?
Yes — our catalogue records FAB as holding UAE Central Bank — licensed. Always confirm the current licence scope on the regulator’s register before applying.
What FAB products can I compare here?
We track 2 FAB products: FAB Business Basic, FAB POS Loan. Each entry shows the published fees, requirements and approval details.
How do I apply for FAB?
Raqma is a comparison service — we do not process applications. Review the products on this page, then continue to FAB’s own onboarding through the outbound links.