| Minimum Balance Required | Currencies | Features | |
|---|---|---|---|
meem - Currencies Card
|
Minimum Balance: SAR 0 | Currencies: AED, GBP, USD, EUR | Features: Sharia Compliant |
Travelling and currency exchange have never been so simple and secure. The foreign currency current accounts enable customers to instantly link and unlink up to four different currency accounts with the currencies card. Moreover, the currencies card recognizes the currency of your transaction automatically and pays from your account in the corresponding currency, without any manual intervention. You can also top up any of your accounts through meem online banking from wherever you are.
Features & Benefits:
Documents Required:
- No minimum salary
- No minimum balance required required
- No initial deposit required
- No annual fee is applicable
- Fill out the online application
** 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.
