First Step Savings Account

It’s never too early to teach your children about saving

First Step Savings Account

Start good financial habits young with your child’s first savings account


  • High interest rates
  • Exclusive airport lounge access
  • Free NBAD MasterCard Platinum Debit Card for ATM and purchases


Click here to insert your account details and generate your IBAN

International Banking Account Number

Flexible, easy to manage and with a range of benefits


  • Open to UAE residents and non-residents
  • Applicable for children under the age of 14 years
  • Account will be opened and operated by guardian in minor’s name

Required documents

  • Original passport of minor and father or guardian
  • Emirates ID of minor and guardian
  • Valid UAE Residence VISA (for expatriates)

Fees and charges

  • *Minimum monthly balance of AED 1,000 is required to earn interest on account
Charge description Frequency Value
Minimum Balance* Monthly AED 1000
Initial Minimum Deposit Per account AED 500
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 Free
Balance Inquiry on Non-NBAD ATMs in the UAE Per request AED 1
Declined Transaction on Non-NBAD ATMs in the UAE Per transaction AED 1
Balance Inquiry on GCC Net ATMs   Per request AED 3
Withdrawal on International ATMs Per transaction AED 15 or 2.5% of withdrawn amount whichever is higher + 2% of transaction amount as FX charges

Discover NBAD 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 56 6223

International Helpline

+971 2 635 8001

Email Us

We'll answer your query as soon as possible