Personal Banking

Demand Drafts

Your respective beneficiary's account details are enclosed on a cheque-like paper called a draft, which is an easy and fast way to send outward transfers. You could draw them on Arab Bank branches or correspondent banks all over the world. You can always stop a draft by returning it to the bank and informing then of your desire to cancel the specified draft. In case the draft was stolen or lost, the draft applicant or the beneficiary may submit a stop-payment request for the subject draft to the bank/correspondent banks.

Features

  • Fast, easy and secure method of funds transfer, to anywhere in the world.
  • Payment made account debit.
  • Draft can be stopped and cancelled.
  • Arab Bank international network utilization.

For more information, please call our Customer Contact Center on 04-4450000

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