Student Savings Account

Designed for college and university students to help you manage your finances and save towards your future

Student Savings Account

Savings made simple


  • Competitive interest rates
  • No minimum balance to maintain
  • Free lounge access at selected airports

The Student Savings Account is no longer issued by the bank and any information shown here is for existing customers only

A free debit card, airport lounge access and more


  • For college or university students between 18 and 24 years of age
  • Open to UAE nationals and resident expatriates only

Required documents

  • Copy of valid Passport / Visa / Emirates ID (Originals must also be presented)
  • Copy of University student ID card or letter of enrolment from the university
  • No salary certificate is needed unless applying for a credit facility as well

Fees and charges

  • The table below highlights charges and fees that are specific to NBAD Personal Student Banking Savings Account
  • *Facility offered to students only within the age limit of 21-24
Charge Description Frequency Value  
Minimum Balance* Monthly NIL
Initial Minimum Deposit Per account
AED 250
Account Monthly Charges Monthly NIL
Low Balance Charge Monthly NIL
Account Closure Fee Per request AED 100 (if closed within 1 year); NIL (if closed after 1 year)
Standing Instructions Establishment Fee Per request
AED 50
Payment Execution Fee
By means of Demand Draft, Payment Order through Central Bank (postage included) Per payment AED 25
By means of SWIFT Transfer in Foreign Currency (plus applicable charges of SWIFT) Per payment AED 15
Within NBAD branches Per payment NIL
Amendment Fee (excl. requests to defer/ postpone payment) Per request
AED 25
Standing Order favoring charity organization within UAE Per payment NIL
Release (Clearance) Letter Per request
AED 50
Statement of Account Per cycle
Free within the agreed cycle, AED 25 outside the cycle
Teller Charge (A/c to A/c transfer, cash withdrawal, cash deposit, cheque deposit, etc.) Per item 6 free per month, AED 10 afterwards
Utility payment (at branch) Per item AED 10 per transaction
Manager’s Cheque Per item AED 30
Debit Card
Issuing Fee (for primary card) Per item Free
Issuing Fee (for supplementary card) Per item Free
Replacement for Lost/ Stolen Card Per item AED 25
International Transaction Fee Per transaction
2% of transaction amount
Cash withdrawal fees on NBAD ATMs in UAE Per transaction   Free
Cash withdrawal fees on Non-NBAD ATMs in UAE   Per transaction   AED 2
Withdrawal Fee on GCC Net ATMs Per transaction   AED 6 + 2% of transaction amount as FX charges
Balance Inquiry on NBAD ATMs in the UAE Per request
Balance Inquiry on Non-NBAD ATMs in the UAE Per request
Declined Transaction on Non-NBAD ATMs in the UAE Per transaction   AED 1
Balance inquiry on GCC Net ATMs   Per request
Withdrawal on International ATMs Per transaction
AED 15 or 2.5% of withdrawn amount whichever is higher + 2% of transaction amount as FX charges
Uncollected Card destroyed by Bank Per item NIL
Copy of sales slip Per request AED 25
Other Charges
Instalment deferral fees*   AED 100
Interest on credit card*   1.5% p.m.
  • *Facility offered to students only within the age limit of 21-24

Discover products to suit you

View our wide range of credit cards, accounts and exclusive services designed to help you get more for your money

Ways to Apply

Visit a Branch

Talk to our experts about your banking needs

Phone Us

Lines Open 24/7

UAE Helpline

600 52 5500

International Helpline

+971 2 6811511

Email Us

We'll answer your query as soon as possible