How to open a bank account in Bank Muscat

• founded in 1982, the largest commercial bank in Oman;
• the bank opens savings (deposit) and current accounts;
• the bank only opens accounts for local companies registered in Oman, and personal accounts also only for residents of Oman;
• to open an account for a foreign company will require the opening of a branch in Oman;
• minimum account balance OMR 200* (~ USD 520);
• for account opening personal visit of founders and signatory on the account in Oman is required;
• basic available currencies: OMR, USD, EUR etc.;
• it is possible to issue bank cards and checkbooks;
• pre-approval is possible before the account opening process;
• transfer fee to a foreign bank is ~ OMR 4,4* (~ USD 12);
• Internet Banking in English;
• time of account opening: about 1-2 weeks

*Rates are approximate as they may eventually vary depending on the service program chosen by the client in the bank