| Minimum Balance Required | Currencies | Features | |
|---|---|---|---|
Noor Bank Dual Account
|
Minimum Balance: AED 100 | Currencies: AED, GBP, USD, EUR | Features: Islamic Finance, Phone Banking, Free Cheque Book, Islamic Banking |
Noor Bank Dual Account Features:
- Combination of a current and savings account
- International debit and ATM cards
- Cheque book
- Unlimited transactions
- Monthly e-statement
- SMS alerts
- Online Banking
- Mobile Banking
- Phone Banking
- Profit rate of up to 0.70%
For Residents:
- Copy of valid UAE Residence Visa
- Emirates ID
- Copy of National ID card or Copy of Family Book
- Letter/Salary certificate
Further information:
- Minimum salary requirement of AED 5,000 per month and proof of income is required.
- You require a minimum balance of AED 100 to open this account.
- Cheque book will be issued only for AED accounts. Debit card will be issued only for AED accounts.
- Account Maintenance Fee will apply if an average balance of AED 3,000 is not maintained monthly.
** 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.
