Features of Current Accounts

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Current Account in UAE

  • Current accounts can be used to transfer salaries.
  • Funds can be held in these accounts in various currencies like USD, GBP, Euro, AED, etc.
  • These accounts too come with international ATM and debit cards and chequebooks.
  • The account can be opened by individuals or by proprietorship firms, companies or other such groups of individuals.
  • These accounts also provide overdraft facilities that can be availed after the bank has been informed of it.
  • They will also allow you to create standing instructions to take care of transactions that need to be conducted on specific dates.
  • Some banks may require that you maintain a minimum balance in your current accounts while others may not.