| 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:
- Cheque book facility. First book for free, 10 leaves - AED 10, 25 leaves - AED 25, 50 leaves - AED 50
- Foreign currency accounts facility
- Joint account facility
- Free online banking service
- Free Phone banking services
- Arab Bank international network utilization
- Free Visa Electron Card - International ATM debit card
- Free Supplementary ATM cards.
- Salary account facility
- Utility bill payments through ATMs, Online Banking and Phone Banking
- Minimum Balance - AED 3,000
- Below Required Minimum Balance-AED 25
- Foreign currency cash withdrawal - Free
- Foreign currency cash deposit - Free
- ATM Card Issuance (1st time)/ renewal - Free
- ATM Supplementary Card - AED 25
- ATM Card replacement (lost or damaged) - AED 25
- ATM Card PIN replacement - AED 25
- Cash withdrawal Balance Deposit enquiry at Arab Bank ATMs for Arab Bank customers - Free
- Cash withdrawal - UAE switch ATM (per transaction) - AED 2
- Balance enquiry - UAE switch ATM (per transaction) - AED 1
- Processing fee for foreign currency transaction added to the foreign exchange rate - 2%
- Copy of sales slip - AED 25
** 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.
