Notice of Variation to UAE Arab investment Bank Private Bank Account, Term Deposit, Personal and Non-Personal Terms and Conditions


  • We are making some changes to UAE Arab investment Bank Private Bank Account, Term Deposit, Personal and Non-Personal Terms and Conditions.
  • We are making these changes as result of recent changes to the regulations relating to the Financial Services Compensation Scheme. The maximum compensation for each eligible deposit will now change from £85,000 to £75,000. As a result, rather than refer to any specific limit within our terms and conditions, we have introduced a general reference to the limit under the scheme.
  • The new wording in the terms and conditions is set out below. We have highlighted the changed wording in bold.
  • In respect of deposits, an eligible depositor is entitled to claim up to the current FSCS limit. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be the current FSCS limit each. The current FSCS limit relates to the combined amount in all the eligible depositor’s accounts with the bank, including their share of any joint account, and not to each separate account.
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Notice of Variation to UAE Arab investment Bank Private Bank Account, Term Deposit, Personal and Non-Personal Terms and Conditions
We are making some changes to UAE Arab investment Bank Private Bank Account, Term Deposit, Personal and Non-Personal Terms and Conditions, which will come into effect on 01 January 2016. Please view details for further information.