8 Best banks in UAE
8 Best banks in UAE
If you’re looking for best banks in UAE, you have plenty of choices. There are some strong local banks, regional banks, and global banking giants all operating in the UAE.
Each has its own features and benefits, so choosing the right one for you will require some research.
In this article, you will discover the top 8 banks, and some of their most popular accounts and credit card options. Read through to discover what makes these banks so great and why might need to consider opening an account with one of them.
Here is the list of top 8 banks in UAE:
3. Abu Dhabi Commercial Bank ADCB
The First Abu Dhabi Bank, a part of the FAB Group, is the largest bank in the UAE, and stands out as one of the largest in the world.
Safety drives every activity, interaction, and transaction at this bank. Understanding the importance of a positive customer experience means that the banking products available have been tailor-made to offer unique solutions.
When seeking benefits and rewards for all your transactions, this is the account you should choose. Through the FAB mobile app, this account can be opened instantly. The benefits you receive can be accumulated each time you spend using a debit card, and even for the funds that are retained within your account.
This hybrid accounts bring together banking and travel through convenience and rewards. With this account, each time that you travel and spend using your debit card, you earn miles and are eligible to receive travel awards. For added convenience, you can open this account using the FAB Mobile app.
This unique credit card gives you 5% cashback on your fuel, groceries, and utilities.
Anyone looking to stand a chance to win big every time they spend will appreciate this card. The big-ticket items include an Audi Q5 as well as dream holidays.
FAB has 630 ATMs in the UAE
Total Assets AED 919 billion – Net Profit AED 10.6 billion
Google Store Rating: 4.1 (as of Q4 2021)
In 1963, the Emirates NBD bank was formed following the Charter of Incorporation of the National Bank of Dubai.
It was the first National Bank and a leader in the region, later merging with Emirates Bank International in 2007 to become Emirates NBD. This bank focuses on retail banking and is a pioneer in the global digital banking industry. Emirates NBD has more than 905 branches across 13 countries.
Emirates NBD is the 2nd largest bank in the UAE and 4th largest bank in GCC.
The Gold Investment Account from Emirate NBD caters to anyone looking for the easiest way to invest in gold. It delivers convenience as there is no need to have and store gold physically, yet all the benefits of having savings in gold are available to customers. Existing customers can open gold accounts conveniently online, while new customers should call or visit their closest bank.
The account opening requirements for existing customers are minimal as no additional documentation, or minimum amount is necessary. Simply log in to the online banking platform to create the account.
The current account from Emirates NBD is ideal for anyone seeing a flexible bank account with a host of benefits. The features of the account allow for a personalized banking experience to suit the everyday banking needs of its customers.
With this credit card, you can earn 5 plus points every time that you spend AED 400.
This reward-based card features a wide range of special perks and privileges that can suit any lifestyle. Some of these include airport lounge access, restaurant discounts, and global golf privileges.
Emirates NBD has 369 ATMs in the UAE
Total Assets AED 698 billion – Net Profit AED 6.96 billion
Google Store Rating: 3.9 (as of Q4 2021)
The Abu Dhabi Commercial Bank (ADCB) is an excellent bank for customers seeking a full range of commercial products and services.
Its extensive product range includes retail banking, private banking, commercial banking, corporate banking, and investment banking. Other services offered include wealth management, cash management, property management, as well as corporate finance, and foreign exchange.
ADCB is determined to create 1 millionaire each month worth AED 1 million and twice a year worth AED 2 million. This is possible with this account, where millionaire winners are announced each month.
ADCB Active Saver Account offers a higher rate of interest on your finances that allows you to reach your savings goals at a faster pace.
This is a fantastic lifestyle credit card that offers a world of infinite possibilities and rewards. Some of these rewards include:
This is a unique credit card that is exclusively available to Emiratis. It offers a host of attractive benefits, including:
ADCB has 158 ATMs in the UAE
Total Assets AED 411 billion – Net Profit AED 3.8 billion
Google Store Rating: 4.0 (as of Q4 2021)
With more than fifty years of experience as a leading financial institution in the UAE, Mashreq Bank stands out for offering quality and high performance.
The bank is also present in Africa, Europe, Asia, and the US. This is also the only privately-owned bank in the United Arab Ghurair Group of business institutions.
The Happiness Account is an excellent starter account for anyone starting to explore the world of banking products. There are plenty of rewards and benefits with this account, including the chance to get up to AED 2000.
With Mashreq Bank, you can use your bank account to help you realize your dreams faster. This account offers the opportunity to save and earn a high-interest rate as well. With this account,
With this lifestyle credit card, you receive a host of benefits and can earn Salaam points every time you spend. These benefits include:
For instant access to the best shopping, this is the card to choose.
Mashreq has 398 ATMs in the UAE
Total Assets AED 158 billion – Net Profit AED -1.2 billion
Google Store Rating: 4.0 (as of Q4 2021)
Established in 1975, the Dubai Islamic Bank is a unique entity that operates on Islamic Banking and financial inclusion principles. This is possible through the incorporation of interest-free banking and Shariah compliance.
When you want the best of both worlds, you should choose the Al Islami 2 in 1 account. This account combines the benefits from both current account convenience and savings account profitability.
The Johara Current Account is a good starter account for anyone seeking a bank account that meets their every banking needs. This account comes with a debit card that you can use around the globe.
This card is specially created for anyone seeking a safe and secure way to make payments when shopping online. It is a secondary card that links to the Al Islami card, allowing for ease of tracking. With a restriction of 20% of your overall primary card limit, you can minimize your overall risk exposure with this card.
DIB has 414 ATMs in the UAE
Total Assets AED 289.5 billion – Net Profit AED 3.2 billion
Google Store Rating: 3.8 (as of Q4 2021)
The Standard Chartered Bank is a leading financial institution with an international presence and a 150-year history.
The first branch of the bank in the UAE was opened in 1958. A wide range of services is available from the bank, including private, corporate, retail, and commercial banking services.
The range also includes Islamic banking products. Customers seeking a bank with a solid international reach will appreciate that this bank has reach in Africa, the Middle East, Europe, and Asia.
When you want quick, convenient banking that uses all the major currencies globally, choose the Current Account at Standard Chartered Bank. You can carry out an unlimited number of transactions each month. In addition, there are other benefits of having this account, including the higher daily withdrawal limits across the wide range of ATMs, The minimum initial deposit required to open the account is AED 10,000, and there are no monthly service charges on this account.
With the XtraSaver Account, the money you put into the bank for savings can earn attractive interest using the 0.60% p.a. rate.
With every spend, you receive reward points with this card. The Visa Infinite is a rewards card that also includes a complimentary round of golf each month, access to Fitness First clubs, and medical and travel insurance as just some of the benefits. To qualify for this card, you need a minimum salary of AED 30,000.
Standard Chareted has 31 ATMs in the UAE
Total Assets $789 billion – Net Profit $751 Million
Google Store Rating: 3.4 (as of Q4 2021)
As a bank, HSBC serves more than 40 million customers from all around the world. The main banking services on offer from HSBC include Commercial Banking, Personal Banking, Global Banking, and Markets. This bank focuses on revealing to customers the wide range of opportunities from banking options.
This is a bank account for any customer seeking rewards and lifestyle. There is no minimum balance required for this account if you earn more than AED 5,000 each month. Furthermore, there are many free services available, including cash withdrawals at ATMs within the UAE, international money transfers, overdrafts for up to 1 salary multiple, and a checkbook.
With this account, you can transact in up to 21 currencies, saving you from opening multiple accounts. This is the ideal solution for international transactions which are instant and fee-free. It is also possible to make quick payments using the phone numbers of your recipient.
Customers like this card as it offers rewards right from the moment that you begin to use it.
This is an excellent card if you are seeking support for your lifestyle spending and entertainment.
HSBC has 92 ATMs in the UAE
Total Assets $2.9 Trillion – Net Profit $6.1 Billion
Google Store Rating: 4.6 (as of Q4 2021)
The Commercial Bank of Dubai (CBD) focuses on financial inclusion by consistently developing intelligent, innovative, and client-focused banking products and services.
There is an extensive range of financial services to choose from so that customers can significantly build and manage their finances. There are personal, business, wholesale, and Islamic banking services available.
With any major currency, you can receive attractive returns through the CBD Savings account. Like a savings account, there are a host of benefits you can experience with this bank. These include a free debit card. In addition, this account is easy to maintain due to the low minimum monthly balance for the account.
The ideal instant digital account that takes online minutes to create. There is no minimum balance required to open this account. There are a range of free features, including free remittances, free salary transfers, and free debit cards. You can also accumulate smiles points redeemable when making bill payments, purchases, or even savings.
With this card, you can enjoy fantastic cashback opportunities. In the first year, you will receive a waiver on the annual fee. You can also share with the family through the supplementary card option. Use the card to pay your bills, education, supermarket shopping, and transport. To get this card, you need to have a minimum monthly salary of at least AED 5,000.
With this card, you discover how you can avert risk and protect your family from any unforeseen events. At an affordable price, you can get maximum coverage. The monthly premium is 1% of your monthly credit card outstanding balance. As this is a supplementary card, you need to ensure you have a CBD primary cardholder before you apply.
CBD has 155 ATMs in the UAE
Total Assets AED 97 Billion – Net Profit AED 1.1 Billion
Google Store Rating: 4.5 (as of Q4 2021)
Since the competition among banks is high, it’s difficult to say that a certain bank is “the best bank in UAE”. This completion results to a high-quality products and services for both locals and expats.
However, when it comes to choosing your bank, you need to understand your needs, and look for the bank that provide accounts, cards and products that meet your requirements.
8 Best banks in UAE
8 Best banks in UAE