| Minimum Balance Required | Currencies | Features | |
|---|---|---|---|
Arab Bank Current Account
|
Minimum Balance: AED 3,000 | Currencies: AED, GBP, USD, EUR | Features: Phone Banking, Multiple Currencies, Free Cheque Book |
Arab Bank Current Account gives you the convenience and flexibility to meet all your basic banking needs and allows you to have a non-interest bearing, simple checking account for everyday transactions.
Features & Benefits:
Features & Benefits:
- The facility of Cheque Book
- The facility of Current Account for foreign currencies
- The facility of Joint Account
- The facility of Salary Account
- Free services for Phone Banking
- Free services for Online Banking
- Free ATM card (Visa Electron) for International use
- Utilization of the International network of Arab Bank
- Supplementary ATM cards are free
- Payment of the Utility bills via Phone Banking and Online Banking
Documents Required to Open an Arab Bank Current Account in UAE
- The Valid ID card of the applicant
- Valid Document of Residency of the applicant
- Utility bill of the applicant
- Contract of Lease
- An Identification card or Birth Certificate (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.
