Checking/Saving/Time Deposit Account Opening Procedure Lebanon : Bank of Beirut

Name of the Organization : Bank of Beirut
Type of Facility : Checking/Saving/Time Deposit Account Opening Procedure
Country : Lebanon

Website : https://www.bankofbeirut.com/

Bank of Beirut Time Deposit Account Opening Procedure

Checking Account:
It is most essential that you start building a credit record through the opening of a current / checking account. This provides you with a credit history whenever applying for loan / credit facilities in the future.

Related : Bank of Beirut Apply For Home Insurance Lebanon : www.statusin.org/5825.html

** You may open a current account in any currency LBP, USD, Euro, GBP, etc.
** No minimum amount requirement.
** All current account holders automatically qualify for a Visa Electron Card (a direct debit card).

Saving Account:
Individuals may open a Blocked Savings Account in all major currencies: LBP, USD, GBP, EURO, etc.
** Account holder may be resident or non-resident.
** Photocopy of passport or ID will be required.
** A passbook is provided with this account which allows you to keep a record of all transactions performed on the account. Passbook should be presented upon withdrawing or depositing funds into the account.
** Attractive interest rates are offered and you have the flexibility to choose the maturity date best suited to your needs.
** Blocked Savings Accounts are automatically renewable and are available in one, three, six, or twelve month periods, depending on your requirement.

Time Deposit Account:
Companies or individuals may open a Time Deposit Account in all major currencies: LBP, USD, GBP, EURO, etc..
** Account holder may be resident or non-resident.
** Attractive interest rates are offered providing you with the flexibility to choose the maturity date best suited to your needs.
** Time Deposit Accounts are automatically renewable and funds are blocked for one, three, six, or twelve month periods, depending on your requirement.
** No passbook is provided.
** Any Account Holder of a Time Deposit Account shall be given a voucher specifying the date the account was opened, the maturity date and the applicable interest rate.
** The Account shall yield interest pursuant to the rate agreed upon, which interest shall be added to the capital at maturity date. No withdrawal may be carried out prior to maturity date.

FAQs :
How can I apply for the personal loan?
You can apply :
** By visiting one of our 65 branches, smart and satellite branches
** Via phone call to our Contact Center on 1262

Kindly note that self-employed individuals have to visit a regular branch, rather than a Smart / Satellite Branch.

How do I know if I am eligible to receive a personal loan?
** You should be an employee for a minimum of 2 consecutive years or self-employed for 3 years.

** However, this criterion is subject to change, as special features for employees within prime companies may be offered. As a result, it is preferable to visit one of our branches to have an accurate answer.

What is the cost of a current account?
There are many current accounts (e.g.: Checking, University, Wedding, Salary Domiciliation, etc.) and, as a result, the charges differ from one account to another.

Can I open an account online?
No, you have to be physically present at one of our branches.