ADCB Hayyak Zero Balance Account Charges: What You Need to Know

ADCB Hayyak Zero Balance Account Charges: What You Need to Know

Are you looking for a bank account that doesn’t require you to maintain a minimum balance? If so, the ADCB Hayyak Zero Balance Account might be a good option for you. This account offers a number of features that make it a great choice for people who want to save money on bank fees.

What is a Zero Balance Account?

A zero-balance account is a type of bank account that does not require you to maintain a minimum balance. This means that you can keep your account balance at zero without being charged any fees.

Benefits of a Zero Balance Account

There are a number of benefits to having a zero-balance account. These include:

  • No minimum balance requirement: This can save you a lot of money in bank fees, especially if you have a low income or if you are struggling to save money.
  • Free e-statements: You can receive your account statements online for free, which can save you money on paper statements.
  • Free chequebook: You can get a free chequebook with your zero balance account, which can be helpful if you need to write cheques.
  • Free debit card: You can get a free debit card with your zero-balance account, which can be used to make purchases and withdraw cash from ATMs.

Features of the ADCB Hayyak Zero Balance Account

The ADCB Hayyak Zero Balance Account offers a number of features that make it a great choice for people who want to save money on bank fees. These features include:

  • No minimum balance requirement: You can keep your account balance at zero without being charged any fees.
  • Free e-statements: You can receive your account statements online for free.
  • Free chequebook: You can get a free chequebook with your account.
  • Free debit card: You can get a free debit card with your account.
  • Free ATM withdrawals: You can make free ATM withdrawals at ADCB ATMs.
  • Low foreign exchange fees: You can enjoy low foreign exchange fees when you use your debit card abroad.

Account Charges

There are a few account charges associated with the ADCB Hayyak Zero Balance Account. These charges include:

  • Monthly service charge: There is a monthly service charge of AED 25.
  • ATM withdrawal fees: There is a fee of AED 2 per ATM withdrawal if you withdraw cash from a non-ADCB ATM.
  • Cheque processing fees: There is a fee of AED 20 for each cheque that is returned unpaid.

Comparison to Other Zero Balance Accounts in the UAE

The ADCB Hayyak Zero Balance Account is a competitive option compared to other zero balance accounts in the UAE. The monthly service charge is lower than some other accounts, and there are no fees for ATM withdrawals at ADCB ATMs.

Tips for Avoiding Account Charges

You can do a few things to avoid account charges with the ADCB Hayyak Zero Balance Account. These tips include:

  • Keep your account balance above zero: If you keep your account balance above zero, you will not be charged the monthly service charge.
  • Use your debit card for purchases: If you use your debit card for purchases, you will not be charged ATM withdrawal fees.
  • Pay your bills on time: If you pay your bills on time, you will not be charged late payment fees.

Conclusion

The ADCB Hayyak Zero Balance Account is a great option for people who want to save money on bank fees. The account offers a number of features that make it a good choice for people with low incomes or who are struggling to save money. If you are looking for a zero-balance account, the ADCB Hayyak Zero Balance Account is a good option to consider.

Additional Information

  • For more information on the ADCB Hayyak Zero Balance Account, please visit the ADCB website.
  • To compare the ADCB Hayyak Zero Balance Account to other zero balance accounts in the UAE, please visit a comparison website.
  • For tips on avoiding account charges, please visit the ADCB website or consult a financial advisor.

FAQs

Q: What is the minimum balance requirement for the ADCB Hayyak Zero Balance Account?

A: There is no minimum balance requirement.

Q: What are the account charges for the ADCB Hayyak Zero Balance Account?

A: There is a monthly service charge of AED 25, and ATM withdrawal fees of AED 2 per ATM withdrawal if you withdraw cash from a non-ADCB ATM.

Q: What are the benefits of the ADCB Hayyak Zero Balance Account?

A: There are no minimum balance requirements, free e-statements, free cheque book, free debit cards, free ATM withdrawals at ADCB ATMs, and low foreign exchange fees.

Q: How can I open an ADCB Hayyak Zero Balance Account?

A: You can open an account online or at any ADCB branch.

Q: What are the eligibility criteria for the ADCB Hayyak Zero Balance Account?

A: You must be a UAE resident, at least 18 years old, have an Emirates ID or passport, and have valid proof of address.

Q: Is the ADCB Hayyak Zero Balance Account a good option for me?

A: It depends on your individual needs and circumstances. If you want to save money on bank fees, this account could be a good option for you.

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