| Minimum Balance Required | Currencies | Features | |
|---|---|---|---|
Samba - Current Account
|
Minimum Balance: AED 3,000 | Currencies: AED, GBP, USD, EUR | Features: Multiple Currencies, Free Cheque Book |
- Unlimited deposits and withdrawals
- Speedy and efficient service
- Simple and swift account opening process
- Access to multiple banking channels
- Statements issued according to your desired frequency
- Currency Choices-PKR, USD, EURO, GBP
- SMS alerts to help you keep track of transaction flows
Eligibility
- Applicants must be 18 years and above
- Current account facility not offered to non-resident, non-GCC nationals
** 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.
