| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Arab Bank Current Account
|
Minimum Balance: BHD 100 | Annual Fee: BHD 0 | Internet Banking: No | Features: Free Cheque Book, Multiple Currencies, No Salary Transfer |
The Current Account can be opened for both, you personally or your legal entity, upon presentation of an approved personal identification document for you, and the approved registration documents for companies, institutions and legal entities
Arab Bank Current Account Features:
Arab Bank Current Account Features:
- Minimum balance required is BHD 100
- Initial deposit should be BHD 100
- Free cheque book
- Multiple currencies - BHD, USD, GBP, CHF (SFR), JPY, AED, SAR, SEK, DKK, CAD, & EURO
- You will be able to open more than a sub-account
- The current account is a non-interest baring account
- Free statement of account is issued every six months
- You can manage your account 24x7 through the following free automated services:
- Phone Banking (Hala Arabi)
- Arabi Online Banking
- ATM Cash Withdrawal facility
- SMS notification
- Valid Identification Document (CPR)
- Valid Passport
- Valid Residency Document (For non-Bahraini)
- Birth Certificate or Identification Document for Minors
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
