Types and procedures to open an Account with Arab Bank, Dubai
Types of Account
- Current Accounts
- Savings Account
- Tiered Savings Account
- Regular Fixed Deposits
- Call Deposits
- Fixed Deposits
Eligibility
- UAE National or UAE Resident
- 21 years old or over
- Do not already hold a Conventional Current Account in same currency with Al Masraf
Features
- Offered in AED, USD, EUR and GBP currencies
- Interest is not paid on credit balance maintained. Please note that interest will be charged for currencies where
“negative” rates are applied. - Cheque book is provided for AED denominated accounts subject to account-holder meeting AECB and CB UAE
guidelines - Joint account is possible; making it possible to add one first degree relative
- Monthly e-statement is sent on email address registered with the Bank. Account-holder can also use Mobile and
Online Banking for viewing the statement
Benefits
- Bundled with a Debit Card with the latest Chip & PIN security to make easy payments or withdraw cash at ATMs
worldwide - Transactions and Marketing SMS are sent on U.A.E. mobile number registered with the Bank
- Online and Mobile Banking subscription
- Setting up of Utility Bill payment is possible up on request
- Setting up of UAE Direct Debit is possible up on request
- Setting up of Standing Orders is possible up on request
- Setting up of Overdraft facility is possible subject to meeting Bank’s credit approvals
- Statement for Overdraft – Individuals for more details
Procedure to (to open an account with Al Masraf Bank in Dubai)
Through Online
- Visit https://almasraf.ae/apply-now
- Select the category and subcategory
- Enter the name, phone number and Email
- Select the City name
- Click “Submit”
Procedure to (to open an account with Al Masraf Bank in Dubai)
- To apply for an account, you can click here.
- Enter the details like your name, Company name, phone number, and Email address;
- After completing the details submit the application
- A representative will contact you within 24 hours of receiving your application.
List of Banks in Dubai (UAE)
View the List of Banks in Dubai, address, phone number, email, website, service through the above link
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