·        Corporate Current Accounts:

We, in CAC Bank, are aware of the fact that smooth banking transactions that are based on trust, safety and speed form a basic requirement for each Company or Firm that looks for banking services.

As such, CAC Bank accords companies' current accounts as a starting point for numerous banking products that suit the special needs of any firm.

Through this kind of account, the Company or Firm will be able to:

·     Receive a cheque book against a nominal price;

·    Have the option to receive CAC Debit Card for cash withdrawals and purchases payment through any of the Bank’s ATMs and Points of sale located all over the Governorates of the Republic.

·     Request for regular statement of account.

·     Benefit from all of the Bank’s services designed for this category.

·         Establish more than one current account under the same customer’s name, and therefore, have an easy tool for control over each activity of the firm.

·         Have an internet access to information of the account.

·         Having access to the account through any of our 44 Branches that spread all over the Governorates of the Republic by using our Real Time On-line electronic  network.

Conditions of procuring this Service:

§         Submission of all documents that are consistent with the nature of the firm, as follows:

Sole Proprietorship Corporations:

§         A valid copy of the Commercial Registration;

§         A valid copy of the ID Card or Passport of the Owner;

Companies:

§        A copy of the Memorandum of Association duly authenticated by the concerned authorities;

§         A copy of the Decree approving incorporation of the Company;

§         A copy of the last issue of the Company's Articles of Association duly authenticated by the concerned authorities;

§         The Board Resolution for opening the account and identifying those authorized to manage the account and their capacities;

§         Valid copies of the ID Cards or Passports of those authorized to manage the account.

Note:

This account may be opened in any of the following currencies:

Yemeni Riyal, US Dollar, Euro, Great Britain Pound, Saudi Riyal, Emirates Dirham