Standing Orders

Definition

We allow you to request a standing order to transfer a certain amount from your account with the bank to another account or to a sub-account, either for one time, or several times, periodically and continuously for a specified or indefinite period.

Conditions

• To have an active account in ahli Bank.
• The account must contain the amount to be transferred periodically.
• If the account is not transferred for three consecutive times, the bank has the right to cancel the standing order.

Advantages

• The amount of the standing order can be determined and set based on your request.
• The standing order can be for your own account or for another customer’s account within ahli bank.
• Dates and periodicity of payments can be determined according to your preference.
• The possibility of stopping the standing order at any time after providing the bank with a written letter explaining your desire to stop the transfer.

Required Documents

• A valid identity document (identity document), or a valid passport.
• A judicial agency to manage the account with the approval of the concerned parties in case the executor of the order is not the owner of the account.
• Any other documents in accordance with the bank’s approved terms and conditions.

* Subject to the Bank’s terms and conditions.