| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
ABK Current Account
|
Minimum Balance: KWD 500 | Annual Fee: KWD 0 | Internet Banking: No | Features: Free Cheque Book, Free Monthly Statements, No Salary Transfer, Current Account, Bank Statement |
For the ultimate control of your finances, apply now for the ABK Current account. Handle day-to-day payments easily with a Cheque book or with our Visa Electron card. Pay for goods worldwide or draw cash from over 700,000 global ATMs. For financial flexibility you can manage your money with direct debit payments, transfers and remittance facilities.
ABK Current Account Features:
ABK Current Account Features:
- Initial Deposit is KWD 500
- Unlimited number of deposits and withdrawals
- Cheque book
- Choose to receive monthly statements by mail or via your local branch
** 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.
