Several banks across the UAE are set to raise their minimum balance requirement from Dh3,000 to Dh5,000, starting June 1, 2025. This move aligns with updated internal policies by various financial institutions and marks a significant shift from the threshold previously outlined in the Central Bank’s personal loan regulations.
According to a report by Arabic daily Emarat Al Youm, one bank has already begun implementing the revised policy ahead of the June deadline. The new requirement will impact individual account holders who do not maintain the minimum monthly balance, with non-compliant customers facing a Dh25 monthly fee.
However, the fee will not apply to customers who hold a credit card or have personal financing arrangements with the bank, as they will be exempted under the new terms.
Banking experts note that the adjustment could affect thousands of low- to middle-income account holders, especially those relying on basic savings or current accounts. Financial analysts suggest customers review their account terms and explore credit or financing options to avoid incurring extra charges.
The measure reflects a broader trend among UAE banks to optimize operational efficiency while encouraging customers to utilize a wider range of banking services.
Customers are advised to contact their respective banks for further details and to ensure compliance before the new policy takes effect next month.
