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.