United Arab Bank – Current Account
Minimum Salary
AED 0
Currencies
AED, GBP, USD, EUR
Feature
Free Cheque Book, Multiple Currencies

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UAB Current Account: Flexible and Efficient Banking

The UAB Current Account is perfect for both individuals and businesses, offering exceptional flexibility and simplifying your transactions.

Account Details

  • Currencies Available: Offered in UAE Dirhams, all major international currencies, and EURO.
  • Minimum Balance:
    • AED 3,000 average monthly balance for individuals.
    • AED 25,000 average monthly balance for companies.

Benefits

  • Free ATM Card: 24/7 account access through over 18 million ATMs worldwide. The UAB ATM card is also accepted at over 27 million retail outlets globally.
  • Personalized Cheque Book: Available upon request.
  • Free Monthly eStatements: Regular account updates delivered electronically.
  • Branch Transactions: Convenient deposit and withdrawal services at all UAB branches.
  • Electronic Banking Services: Free access to Phone Banking, Online Banking, ATMs, and Cash/Cheque Deposit Machines.
  • Account Notifications: Receive SMS notifications for account-related activities.

Eligibility

  • Age and Residency: Open to individuals over 21 years of age who are residents of the UAE. Non-residents are not eligible to open a Current Account.

Enjoy the ease and efficiency of managing your finances with a UAB Current Account.

Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

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