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Because of the higher interest rates offered by the Arab Bank we decided to take out 2 term deposits for our company. We needed to provide documentation and have an interview which went smoothly. However at the end it was mentioned that there would be a $25 fee for setting each up. The bank withdrew the fees when threatened with withdrawal of the applications.
However on maturation of the first deposit and transfer of the principal plus interest to another financial institution we found that a $25 transfer fee had been applied. In 40+ years of...
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