The bank was established in 1971 by Sheikh Zayed bin Sultan Al Nahyan. Today, the bank has more than 10 million customers, nearly 30,000 employees and 5,000 branches around the world. Headquartered in Abu Dhabi, UAE, the bank operates branches around Asia, North America, Europe and Africa.
In December of 2007, the Abu Dhabi government launched a new bank. This bank, called First Abu Dhabi Bank, was the world’s first 100% state-owned bank to be established in a country with a sovereign wealth fund. This bank, which is backed by the wealth of the nation of Abu Dhabi, has been set up to serve as a crucial link between regional and international markets.
Debit Card Facilities
First Abu Dhabi Bank (FAB) has finally made their debit card available to customers and it is now providing a convenient way for customers to make purchases. The card can be used at any terminal where VISA® cards are accepted and enables customers to withdraw cash or make payments at an ATM. To get started, customers must put money on the card by transferring funds from their account at FAB or by withdrawing cash from their bank account in person.
First Abu Dhabi Bank Instant Updates are here to stay. With all the publicity surrounding them, people are now asking how they will affect their lives. If you have not already heard of instant updates before, then the first question that comes to mind is what do they entail? To put it quite simply, instant updates can be used to transfer money between bank accounts. From one account in the UAE to another account in the UAE, without needing a clearance slip/signature on any paper work.
As part of Abu Dhabi Bank’s salary department, salary sorters are tasked with the responsibility of sorting through various pieces of paper documents to find data that matches an employee’s information. These individuals sort through documentation, including paystubs, to organize them into electronic folders. The task may not sound very complicated but it is one that requires dedication and patience.
Abu Dhabi’s First Abu Dhabi Bank came into being with a whole new online experience. It all starts with a quick and easy registration process that is available to both residents and non-residents of the UAE. There are three different ways to withdraw cash from the bank, including ATMs, using a Visa card, or withdrawing money from one’s account via an official branch of the bank.
Tracking Your Spending
Many banking institutions offer their clients an app to help them manage their money and track expenditures. These apps are often riddled with errors, and can be difficult to understand. First Abu Dhabi Bank is taking another approach with its new app, by giving users the opportunity to create a profile and then follow limits for different categories or types of spending, such as groceries or entertainment. This way, you can set your own limits and stay on top of your budget with less effort.
Cash Withdrawal Fees
It’s time for the UAE to say goodbye to the cash. Earlier this year, First Abu Dhabi Bank (FAB) announced that it will be charging customers a fee of AED 10 for every transaction. This decision has unsurprisingly sparked some controversy among customers who rely on cash for their daily transactions. Here is what you need to know about these new changes and how they might affect your lifestyle.
Card Replacement Fees
At First Abu Dhabi Bank, there are a number of expenses that can be incurred. One of these is the card replacement fee, which ranges from Dh50 to Dh250 depending on the needs of your account. For example, a Dh250 card replacement fee might be charged for a lost or stolen credit card. However, this fee does not change if you lose a debit card or a contactless payment card.