FAQs
Personal AccountsFAQs
The interests will be deposited to the deposit account on the maturity date (every 3 months, 6 months, and 12 months).
Yes, you can specify the account that you want us to deposit the interests in either the current or the deposit accounts.
No, you can’t; only in case you liquidated the deposit.
Yes, you can liquidate your deposit at any time, the interests will be affected according to the liquidation date of the deposit, if the liquidation date is almost near of the interest maturity date, a part of interests will be paid, and otherwise you will not gain any interests.
Yes, deposits are subject to the guarantee of the “Banking Deposit Guarantee Corporation” and the Bank is considered as one of its founding members.
The minimum balance to open a deposit is YER 500,000, USD 5000 or equivalent in any other currencies.
No, there are deposits for individuals and deposits for corporations.
When you open a deposit account you should have a current account which allows you to have an ATM card, but you can’t use the card to withdraw from the deposit account; you can use it to withdraw from the current account only.
To open a deposit account, you should first have a current account, and this enables you to benefit from the services presented by our electronic banking services.
