US Dollar Bank Account
An account that offers the facility to hold US dollar currency and make instant transfers between this and other UAE Arab investment Bank Accounts linked to the same customer ID.
If your clients travel abroad regularly or have a second home outside the Dubai, the Compass Bank US Dollar Bank Account offers the ability to hold US dollars, in a UK current account. It also provides the freedom for clients to transfer between this and their other UAE Arab investment Bank accounts without incurring any currency conversion charges. See today's foreign exchange rates for transfers between accounts.
The minimum deposit is £5,000 (or the US dollar equivalent at opening).
In addition, this account offers a US dollar UAE Arab investment Bank VISA Deferred-Debit Card; any card transactions made (excluding cash withdrawals) are not applied to the account until the statement date.
Please see the US Dollar Bank Account Factsheet and Personal Terms and Conditions for more information.
If interest is payable, it is paid on a tiered and variable basis. Please see current available interest rates.
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.