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Fixed Deposit in Arab Bank Algeria in Algerian Dinar Flexible Tenor with a minimum of three months. Fixed deposit accounts carry a certain interest, the percentage of which shall be set at the time of deposit and upon each renewal On maturity, and upon your request, the account is automatically renewed for an identical period and at the interest rate prevailing thereupon

How to Open Saving Account in Arab Bank Algeria This account is opened in DZD. ( Algerian Dinars) This is a personal account from which withdrawals are to be made either by you personally at the counter of the branch/other branches. Minimum amount of opening the account is 50,000 DZD. Free statement of account is issued every Three months.

How to open Current account in Arab Bank Algeria The Current Account can be opened for both, you personally or your legal entity, upon presentation of an approved personal identification document for you, and the approved registration documents for companies, institutions and legal entities. This account is opened in all major currencies, according to Central Bank of Algeria Regulation It may be opened in your name singly / jointly. Minimum amount of opening the account is 10.000 DZD. Minimum amount of opening the account in foreign currencies is EUR 500 (or equivalent on other currencies). You will be issued a Cheque Book with this account. The current account in DZD is a non-interest bearing account. Free statement of account is issued every Three months

The Beginning of the Journey With seven investors and a startup capital of 15,000 Palestinian Pounds, Arab Bank was registered on May 21, 1930 and commenced its operations in Jerusalem on July 14 of the same year. Abdul Hameed Shoman, the founder, was named the Bank’s first chairman. Since its founding, the Bank’s legacy has been to act as an active and leading partner in the socio-economic development of the region.  Trust and Commitment from the Start  After the British Mandate Authority withdrew from Palestine in 1948, the Bank lost its branches in Jafa and Haifa. When customers who were obliged to leave the country asked for their deposits, Arab Bank fully redeemed all claims. This decision won the Arab Bank a great reputation and became a historical turning point in its growth: it fostered a strong commitment from the Bank towards its customers and ingrained an enormous loyalty from its customers, which prevails to this day.  The lost branches were re-established: Ha...