Statement Account
An account with a convenient blend of access and convenience.
- Base rate
- 0.35%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable *Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au. | 0.35% | AMOUNT | monthly |
| Variable *Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au. | 0.35% | AMOUNT | monthly |
| Variable *Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au. | 0.35% | AMOUNT | monthly |
| Variable *Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au. | 0.25% | AMOUNT | monthly |
| Variable *Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au. |
Fees
| Fee | Type | Amount |
|---|---|---|
| Monthly Account Keeping Fee Account keeping fee waived for those customers in receipt of a Government pension, and customers with student ID cards. | Event | |
| Over the Counter Fee It includes a maximum of 5 free Over the Counter transactions and unlimited free EFTPOS transactions per month. Over the Counter fee waived for those customers in receipt of a Government Concession cards. | Transaction |
Features
- Minimum opening deposit $1
- Interest paid on balances of $2,000 and over.
- Interest is calculated daily & paid monthly.
- Statements are supplied quarterly.
- Card access — Access funds available with a Visa Debit payWave Card.
- Available in other selected currencies.
- Digital banking
- Access via our internet banking service abal.online
- Free transactions — 5
- A maximum of 5 free Over the Counter transactions and unlimited free EFTPOS transactions per month.
Eligibility
- Any individuals, available only for private or domestic use and cannot be used for business purposes. Minimum opening deposit AUD$1. Successful completion of applicable Arab Bank Australia Limited (ABAL) identification check requirements. For Visa Debit Cards: Customers must be over the age of 16 and have an Australian residential address. Customers under 18 years of age but over 16 years of age must have a parent/guardian as a joint account holder to obtain a Visa Debit Card.
Constraints
- Opening balance — $1.00 $0 minimum opening balance for customers in receipt of Government concession cards.
More Information
Published by Arab Bank Australia Limited under the Consumer Data Right · Last updated 11 June 2025 · Product ID Stmt01 · View on CDR.gov.au