Current account
A current account is a current account for legal entities (companies, institutions, associations, etc.).
It is used to manage all day-to-day banking transactions: receipts, payments, transfers, supplier payments, etc.
Currency account
The currency account is a sight deposit account denominated in a foreign currency (e.g. EUR, USD) and opened in the name of resident customers.
- Earns interest from the Bank of Algeria
- Does not entitle the holder to a cheque book
- Ideal for managing income or expenditure in foreign currency
CEDAC account (Convertible Dinars Account)
The CEDAC account is a convertible dinar account opened in the name of individuals or legal entities resident abroad.
- Allows funds to be managed in convertible dinars
- Recommended for companies with foreign capital established in Algeria
- Open to both legal entities and individuals
INR (Non-Resident) account
The INR account is a current account in Algerian dinars reserved exclusively for non-resident foreign individuals or legal entities holding a public contract in Algeria.
- It is intended to manage flows linked to the performance of public contracts.
- Transactions are strictly governed by the regulations in force/