arabbank.com.lb Current & Saving Account Opening Lebanon : Arab Bank

Name of the Organization : Arab Bank
Type of Facility : Current & Saving Account Opening
Country : Lebanon

Website : http://www.arabbank.com.lb/en/persaccount.aspx

Current & Saving Account Opening :

Current Account:
The current Account gives you immediate access to your funds and can be opened for individuals (upon presentation of approved personal identification documents) or companies, institutions and legal entities (upon presentation of approved registration documents)

Related : Arab Bank Apply For Credit Card Lebanon : www.statusin.org/5862.html

** The account can be opened in all major currencies, including LBP, USD, EUR, GBP, CHF, JPY, JOD, AED, SAR, SEK, DKK, CAD, AUD, NOK, KWD, OMR, BHD and QAR.
** The minimum amount for opening the account is three Million Lebanese Pounds or equivalent in other currencies
** The minimum amount requirement is waived for employees with salary domiciliation
** A free of charge Visa Electron card is issued for the account
** A Cheque Book may be issued for the account
** Utility and other bills can be domiciled on the account
** You will be able to have several sub-accounts and immediate access to your funds in several currencies
** The current account is a non-interest bearing account
** A statement of account is issued every six months
** You can manage your account 24×7 using Arab Bank ATMs or through our free of charge Arabi-Online Internet banking service.

Required Documents:
** Valid Identification Document
** Valid Residency Document
** Utility Bill (Electricity, Water…)

Saving Account:
** The Passbook savings account combines flexibility and return, allowing you to earn interest and still have immediate access to your funds
** The account is opened in the following currencies: LBP, USD, EUR, GBP, CHF, JPY, JOD, AED, SAR, SEK, DKK, CAD, AUD, NOK, KWD, OMR, BHD and QAR.
** This is a personal account from which withdrawals have to be made by you personally at the counter of an Arab Bank branch in Lebanon
** Upon opening the account, you will receive a passbook to be presented at the counter each time you make a transaction on your account
** No cards on Cheque books can be issued for this account
** The minimum amount for opening the account is LBP 1 mn or equivalent in other currencies (waived for minors) and the minimum interest bearing amount is LBP 3 mn USD 2,000 or equivalent in other currencies.
** You can review your account 24×7 using Arab Bank ATMs or through our free of charge Arabi-Online Internet banking service.

Required Documents:
** Valid Identification Document
** Valid Residency Document
** Utility Bill (Electricity, Water…)

Fixed Deposit:
** The fixed term deposit is the best savings option when you are looking for higher returns on your account. Term deposits are available for terms ranging from one month to one year or more for certain currencies.
** The account can be opened in all major currencies: LBP, USD, EUR, GBP, CHF, JPY, JOD, AED, SAR, SEK, DKK, CAD, AUD, NOK, KWD, OMR, BHD and QAR.
** Deposits are fixed from the opening date to maturity when interest is posted to the account, and deposits and withdrawals can be made.
** The balance must be higher than the minimum set for this account (USD 3,000 or equivalent in other currencies), otherwise no interest will be computed for the account
** Upon maturity, the account is automatically renewed for a similar period at the interest rate prevailing on the renewal date, unless the Bank is otherwise instructed five working days prior to maturity date

Required Documents:
** Valid Identification Document
** Valid Residency Document
** Utility Bill (Electricity, Water…)