A Comprehensive Guide to Student and Youth Bank Accounts in the UAE

In the dynamic landscape of student life and young adulthood in the UAE, managing finances becomes crucial. To ease this journey, several banks in the UAE offer specialized student and youth bank accounts based on your needs. In this comprehensive guide, we will explore the features and detailed steps to open these students and youth accounts, ensuring a seamless banking experience.

1. ADIB Student Savings Account:

Features:

• No minimum balance requirement.
• Tailored for students aged 13 and above.

Documents required:

• Passport-sized photograph.
• Copy of a valid passport (including legal guardian’s if under 18).
• Copy of a valid Emirates ID (and legal guardian’s if under 18).
• Copy of a valid School ID or proof of student status.

Application Process

Visit an ADIB branch with the necessary documents for a hassle-free account opening.

2. Emirates NBD Youth Package:

Features:

• No minimum balance requirement for applicants over 18.
• Employment required with a minimum salary of Dh5,000.

Documents required:

• Active UAE mobile number.
• Emirates ID.
• Passport.
• Proof of income with a minimum salary of Dh5,000.

Application Process:

Apply online through the Emirates NBD website or the ‘Emirates NBD Mobile’ app for a convenient and swift experience.

3. Emirates Islamic Student Bundle Package:

Features:

• No minimum balance requirement.
• Eligible for applicants aged 18 to 21.

Documents required:

• Passport copy with residence visa.
• Emirates ID copy.
• Student ID copy.
• Original documents may be required for verification.

Application Process:

Visit an Emirates Islamic branch with the necessary documents to kickstart your financial journey.

4. ADCB University Student Account:

Features:

• No minimum balance required, but an initial deposit of Dh1,500 is necessary.
• Eligible for students aged 18 and above.

Eligibility and Documents:

• Enrolled in a full-time or part-time higher education institution.
• GCC and UAE Nationals need evidence of enrollment.
• Expatriate students require a University ID and residence visa.

Application Process:

Initiate the account opening by visiting an ADCB branch with the stipulated documents.

5. CBD Digi Account:

Features:

• No minimum balance requirement for new customers aged 18 and above.
• To receive a cheque book, applicants must be 21 and above.

Eligibility and Documents:

• Valid Emirates ID.

Activation

Instant activation upon registering details, but certain transaction restrictions apply until final approval and delivery of the debit card.

6. NBF Ajyal:

Features:

• Digital account with no minimum balance for UAE nationals aged 18 to 25.

Eligibility and Documents:

• Emirates ID.

Activation:

Download the ‘NBF Instant’ app, scan Emirates ID, and take a selfie. Receive a welcome pack, including the NBF Debit Card, after completion.

7. SIB Student Savings Account:

Features:

• Minimum balance requirement of Dh500.
• Eligible for students aged 18 and older.

Required documents:

• Valid Emirates ID.
• Valid Passport with Visa.
• Valid Student ID.

Application Process:

Visit an SIB branch with the specified documents to initiate the account opening process.

8. SIB Digital Account:

Features:

• Digital account with no minimum balance for individuals aged 18 and above.

Required documents:

• Emirates ID.
• Proof of income.

Activation:

Download the ‘SIB Digital’ app, register using Emirates ID, and upload a selfie. The card will be delivered via courier, collecting necessary documents for verification.

Navigating the world of student and youth banking in the UAE has never been more accessible. Having the right information makes opening a specialized account a straightforward process.