KFS Current Savings Accounts

Current and Savings Accounts – Individuals

The Key Facts Statement (KFS) provides essential product features and indicative details regarding interest rates, fees, and charges associated with these products. If you are considering applying for a current or savings account with Al Khaliji France S.A., we kindly request you to read and understand this document carefully. By signing the KFS, you confirm that you have read and understood the features, benefits, applicable interest rates, fees and charges, and the General Terms and Conditions available on the bank’s website at www.alkhaliji.ae

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Key Product Details
Description	Current Account	Savings Account
Applicable to	Individual UAE resident & GCC national customers (salaried and non-salaried)	Individual UAE resident and non-resident customers (salaried, non-salaried and minors)
Cheque Book	Offered (in AED only)	Not offered
Account Currency	AED, USD, GBP, EUR, QAR
Debit Card	Offered in AED only	Offered in AED only
Documents Required	Completed manual account opening form along with identification documents such as valid passport, residence visa and Emirates ID (whenever applicable).

Applicable Interest Rates

Type of Account

Interest Rate (per annum)

Basis of Interest Calculation

Interest Credit Frequency

Current Account (AED)

Nil

Not Applicable

Foreign Currency Account

Nil

Not Applicable

Fusion Account (AED)

Up to AED 99,000	0.05%
AED 99,001 – AED 1,100,000	0.25%
AED 1,100,001 and above	0.10%

Daily closing balance
The calculation method as follows:
(Balance x Interest Rate x 30)/360

Monthly

Savings Account (AED)

0.10%

Minimum monthly balance
The calculation method as follows:
(Balance x Interest Rate x 30)/360/strong>

Half Yearly

Savings Accounts (FCY)

0.10%

Note:

Interest rates are subject to change, please refer to your Relationship Manager for latest interest rates

Key Fees and Charges, inclusive of Value Added Tax (VAT)*
	Personal	Premium
Account Opening Fee	Without Fees	Without Fees
Minimum monthly balance requirement (Current/Savings accounts)	AED 25,000/-	AED 50,000/-
Minimum monthly average balance requirement	AED 35,000/-	AED 75,000/-
(Fusion accounts)
Fee for non-maintenance of minimum balance (Monthly)	AED 210/-	AED 315/-
Account closure fee (within 6 months of opening)	AED 105/-	AED 105/-
Cheque book charges	First cheque book: Without charges Additional cheque book: AED 26.25 per cheque book	First cheque book: Without charges Additional cheque book: AED 26.25 per cheque book
Cheque returned charges	AED 210/-	AED 210/-
Negative Balance or unauthorized overdraft interest rate	18% p.a.	18% p.a.

*Effective from 15/04/2025

Important Links

All fees and charges mentioned above and on Bank’s website are inclusive of Value Added Tax (VAT) unless stated separately.
For the latest fees, charges, and product details, please visit our website www.alkhaliji.ae

Additional Information

The Bank reserves the right to amend its Terms and Conditions with a 60-day prior notice.
Failure to maintain the required minimum monthly balance may result in a fee. The Bank also reserves the right to change the account package if this requirement is not met.
To prevent misuse or fraudulent activity, please keep your cheque books, debit cards, PIN, and online banking credentials secure at all times.

Warning

You are required to provide the Bank with copies of your updated documents at all times. Failure to do so may result in charges, transaction restrictions, or account suspension.
The Bank reserves the right to close an account if its conduct is deemed unsatisfactory, in accordance with the Bank’s compliance policy and UAE Central Bank regulations.
As per UAE Central Bank regulations, your account will be closed and added to the blacklist if four (4) cheques are returned unpaid due to insufficient funds within one year.
Failure to comply with the Bank’s Terms and Conditions before or during your banking relationship may result in consequences such as account restrictions, blockage, or closure.
There is no “cooling-off” period for foreign exchange (forex) and remittance transactions.
The Bank offers a “cooling-off” period of five (5) business days from the date of signing the contract. During this period, you may choose to close your current or savings account, and the Bank will refund any closure charges or fees incurred within this timeframe.
Lost or stolen debit card and unauthorized transactions: If your debit card is lost or stolen, you must immediately block it by contacting our 24/7 customer service at 800 542 54 54 (within the UAE) or +974 4494 0044 (outside the UAE) to prevent unauthorized transactions and request a replacement card.