Statement Account

An account with a convenient blend of access and convenience.
Category: Transaction & Savings Accounts  Last Updated June 11, 2025  Effective June 3, 2026

 General Lending Rates

No product information is currently listed. Please make contact with us for more information.

 Product Features

  • Other Additional Information: Minimum opening deposit $1
  • Other Additional Information: Interest paid on balances of $2,000 and over.
  • Other Additional Information: Interest is calculated daily & paid monthly.
  • Other Additional Information: Statements are supplied quarterly.
  • Card Access
  • Other Additional Information: Available in other selected currencies.
  • Digital Banking Additional Information: Access via our internet banking service abal.online
  • Free Txns Additional Information: A maximum of 5 free Over the Counter transactions and unlimited free EFTPOS transactions per month.

 Product Eligibility

  • Other Additional Information:  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.

 Bank Fees and Charges

  • Monthly Account Keeping Fee (Event), Amount: 6.00. Additional Information: Account keeping fee waived for those customers in receipt of a Government pension, and customers with student ID cards.
  • Over The Counter Fee (Transaction), Amount: 2.00. Additional Information: 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.

 Limitations & Restrictions (Constraints)

  • Opening Balance of 1.00 Additional Information: $0 minimum opening balance for customers in receipt of Government concession cards.