General terms & conditions of accounts and banking services

In consideration of Arab Bank for Investment and Foreign Affairs (hereinafter referred to as the “Bank/Al Masraf”) which expression shall include their successors and legal assigns, agreeing to open an Account (as hereinafter defined) to the Customer (as hereinafter defined) or the performance of any transaction or subscription to any Banking Services (as hereinafter defined), the Customer hereby agrees to the following terms and conditions (hereinafter referred to as the “Terms and Conditions”), in addition to any other terms and conditions issued/amended subsequently at any point of time by the Bank in relation to the Account(s) and Banking Services.

These Terms and Conditions shall apply on all the Bank Accounts of any kind opened or maintained by the Customer with the Bank and these Terms and Conditions govern all the transactions conducted through those Accounts. The Customer signature on the Bank’s Account opening forms and applications, subscription or usage of any Services/product offered by the Bank and conducting of any transaction with the Bank shall constitute an acceptance to these Terms and Conditions as amended from time to time.