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Arab Bank Current Account

Arab Bank Account

Arab Bank

Min. Salary

AED

Min. Balance

3000 AED

Non Maintenance Fee

25 AED

Currencies

AED, USD, GBP, Euro

Features

Conventional Banking
Free Cheque Book
Free Debit Card
Internet Banking
Mobile Banking
Multiple Currencies
No Salary Transfer

Arab Bank Current Account non-profit paying, basic checking account for all the regular transactions. It serves most of the basic banking needs with much more ease and convenience.

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Benefits

  • A free cheque book with 10 leaves on account opening.
  • The account can be opened in other international currencies.
  • Customers can opt for the joint account facility.
  • A complimentary Visa Electron Card International debit card on account opening.
  • Can be used as a salary transfer account.
  • Free internet banking and phone banking services.
  • Utility bill payments can be made through digital banking channels, phone banking, and teller machines.

Fees & Charges

  • Account Closure (Within one year)= AED 100
  • Non-Arab Bank ATM Transactions in UAE- Cash Withdrawal = AED 2 per transaction
  • Non- Arab Bank Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1 per transaction
  • Fee for using the ATM outside UAE and GCC = 2% of the transaction fee

Interest Rates

  • Not Applicable

Documents Required

  • A copy of valid identity proof
  • A copy of valid residence document
  • For minors – Birth certificate or any other identity proof
  • Latest utility bills
  • A copy of lease contract for companies
  • A duly filled and signed in account opening form

Eligibility

  • Must be a resident of the UAE.

Addition Information

  • A minimum monthly balance of AED 3,000 needs to be maintained in the account.
  • A ledger fee of AED 25 will be charged for not maintaining the minimum balance.
  • Free first renewal for the Visa debit card.
  • Complimentary add-on debit cards.
  • Arab Bank international network utilization.
  • The Arab Bank current account can be opened online or by visiting any of the bank branches.
  • Additional cheque books are issued at a nominal fee of AED 1 per leaf.
  • Six free ATM transactions per month. A nominal fee of AED 10 per transaction will be charged from 7th transaction onwards.
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Disclaimer: Information found on saverfox.com is provided for illustrative purposes only, rates are subject to change based on your personal circumstances. You should always speak to a trained professional before applying for any financial product

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