FAB ATM Cash Withdrawal Limit Per Day in UAE

ByAdmin
FAB ATM Cash Withdrawal Limit Per Day in UAE

FAB ATM Cash Withdrawal Limit Per Day in UAE. If you’re banking with First Abu Dhabi Bank (FAB) in the UAE, understanding your daily ATM cash withdrawal and transaction limits is crucial for managing your finances effectively. Here, we’ll break down the key details of FAB’s ATM cash withdrawal limits, daily POS transaction limits, and associated fees for using ATMs within the UAE and the GCC.

FAB ATM Cash Withdrawal Limit Per Day in UAE

Daily ATM Cash Withdrawal Limits

FAB offers different types of accounts with varying benefits. Here’s a summary of the daily ATM cash withdrawal limits for two of their main account types:

  • Basic Account: AED 50,000
  • Business Advantage: AED 50,000

Both Basic Account and Business Advantage customers can withdraw up to AED 50,000 per day from an FAB ATM. This substantial limit ensures that customers have easy access to their funds whenever needed.

Daily POS Transaction Limits

Alongside ATM withdrawals, FAB customers can also benefit from high daily POS (Point of Sale) transaction limits:

  • Basic Account: AED 75,000
  • Business Advantage: AED 75,000

With a daily POS transaction limit of AED 75,000, FAB account holders can make significant purchases without worrying about exceeding their transaction limits.

Fees for Cash Withdrawals on Other Bank ATMs

While withdrawing cash from an FAB ATM is free, there are nominal fees associated with using other banks’ ATMs, both within the UAE and across the GCC (Gulf Cooperation Council) countries.

  • UAE Switch (per Transaction): AED 2
  • GCCNET (per Transaction): AED 6

The UAE Switch fee of AED 2 applies when you withdraw cash from a non-FAB ATM within the UAE. For cash withdrawals in other GCC countries via GCCNET, a fee of AED 6 per transaction is charged.

UAE Switch and GCCNET

  • UAE Switch: This is a network that allows bank customers in the UAE to use ATMs of other banks for their transactions. The AED 2 fee is relatively low, making it convenient for users who might not have an FAB ATM nearby.
  • GCCNET: This ATM network links all the GCC national switches, enabling seamless cash withdrawals across the GCC countries. Despite the AED 6 fee per transaction, it provides flexibility and ease for FAB customers traveling within the GCC.

Benefits of High Withdrawal and Transaction Limits

  1. Convenience: High daily limits ensure that you can access large amounts of cash or make significant purchases without multiple transactions.
  2. Flexibility: Whether you’re shopping, dining, or traveling, having high transaction limits provides financial flexibility.
  3. Travel Ease: For those frequently traveling within the GCC, the ability to withdraw cash from various ATMs ensures you’re never short on cash.

Conclusion

FAB’s ATM cash withdrawal and POS transaction limits are designed to offer their customers convenience, flexibility, and ease of access to their funds. With substantial daily limits and nominal fees for using non-FAB ATMs, managing your finances becomes more straightforward whether you are in the UAE or traveling across the GCC.

Similar Posts