How to open a bank account in National Bank of Bahrain (NBB)

• the bank was founded in 1957, the oldest bank in Bahrain with local capital;
• the bank opens savings (deposit) and current accounts;
• the bank only opens accounts for local companies registered in Bahrain, and personal accounts also only for residents of Bahrain;
  to open an account for a foreign company will require the opening of a branch in Bahrain;
• minimum balance for corporate account BHD 500* (~ USD 1 330), for personal account – BHD 300 (~ USD 800), for foreign currency account – USD 1 060 – 1 330, if lower – BHD 3-5 (~ USD 8-14);
• there is no deposit requirement for the corporate account, but requires that authorized capital be deposited in the account (recommended as the optimum amount of authorized capital is BHD 10 000). The authorized capital in the account is blocked until the procedures for CPR, licenses, etc. are completed;
• a personal visit to Bahrain by the founders and the account signatory is required to open the account;
• available currencies: BHD, USD EUR, but you must first open an account in the local currency;
• bank cards and checkbooks are available, but cards are NOT issued for corporate accounts;
• pre-approval is possible before the account opening process;
• transfer fee to a foreign bank is ~ BHD 5,5* (~ USD 15);
• Internet Bank in English;
• time of account opening: about 1-2 weeks

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