Arab Bank Australia is covered by the Government Guarantee. What this means to you as a customer of Arab Bank Australia is that if you decide to place funds with the Bank your deposit up to $250,000 is automatically guaranteed by the Government.
On the 11th of September 2011, Deputy Prime Minister and Treasurer, the Hon. Wayne Swan announced that effective 1st February 2012, the government guarantee known as the Financial Claims Scheme is permanent for amounts up to $250,000 per person or per institution.
Please review the below press releases for more information on the changes to the Financial Claims Scheme or contact one of our Senior Relationship Managers who will be happy to answer your questions.
Financial Claims Scheme- Press Release (11 September 2011)
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