Corporate Banking

Drafts-Outward & Inward

  • Drafts drawn on Arab Bank branches/correspondent banks in most parts of the world are issued on a limited basis
  • Outward drafts of Arab Bank branches drawn on other branches can be cashed by any Arab Bank branch worldwide
  • The cancellation of an outward draft is possible after returning it to the Bank
  • In case the draft is lost or stolen, the draft applicant or beneficiary may submit a stop-payment request for the subject draft to the Bank