Are UAE banks really planning to raise the minimum account balance for individuals in 2025?

Yes, several major banks in the UAE are set to raise the minimum balance requirement for personal current accounts from the current Dh3,000 to Dh5,000, effective June 1, 2025. Customers who don’t meet this new threshold may face a Dh25 monthly fee, unless they maintain a total balance of Dh20,000, transfer a monthly salary of at least Dh15,000, or meet other qualifying conditions like holding an active credit card or loan. Those transferring less than Dh5,000 may see fees rise to Dh100 or more, depending on the bank. This change marks a significant shift in personal banking norms—what do you think of this increase? Will it affect how you manage your money or your choice of bank? Let us know your thoughts.

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