| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
CBI Overdraft Account
|
Minimum Balance: AED 0 | Annual Fee: AED 200 | Internet Banking: No | Features: No Salary Transfer |
Account Features :
For individual & joint accounts: • Copy of passport(s) and original passport(s) for validation • Salary Certificate (in case of salary transfer accounts); in the absence of a Salary Certificate, any one of the following documents may be obtained: Appointment Letter/Contract Copy Pay slip (< 3 month old) Most recent statement of account where customer’s salary is being transferred • Sponsor’s letter of no objection if applicable
- Account available in AED only.
- Cheque book facility
- International ATM/Debit card
- 24-hour easy access through ATMs, phone banking, mobile banking and online banking
- Free withdrawals from any ATM in the UAE.
- Monthly statement of account.
For individual & joint accounts: • Copy of passport(s) and original passport(s) for validation • Salary Certificate (in case of salary transfer accounts); in the absence of a Salary Certificate, any one of the following documents may be obtained: Appointment Letter/Contract Copy Pay slip (< 3 month old) Most recent statement of account where customer’s salary is being transferred • Sponsor’s letter of no objection if applicable
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
