Current Account
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Who can open a Current Account with BankMuscat?
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| You can open a Current Account with the Bank either in your personal name or in the name of the Company. |
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How much money do I need to deposit to open a new Current
Account?
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| You can open a Current Account with BankMuscat at any of the branches with a minimum of RO
200. In case you wish to open a Current account as an individual, your salary will have to be assigned to BankMuscat. |
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Do I get Cheque Book facility on my Current
Account?
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| Yes, the bank will issue you a Pre-printed cheque book containing 25 leaves for a charge of RO
2. |
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Do I get any interest on my Current Account?
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| You do not earn any interest
in Current Accounts. |
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Are there any service charges applicable for Current Accounts?
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In case your balance falls below
RO 200 anytime during the month,
a service charge of RO 2 will be
levied for that month. |
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Can I get any overdraft facility from the Bank?
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| Yes, you can. For more details on the amount of facility and other terms and conditions, please contact your branch. |
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Can I get an ATM card on my Current Account?
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| Yes, the Bank issues an ATM card to all
Individual / Sole Proprietors with a daily withdrawal limit of RO 600 per day. This ATM card can be used for getting cash advance or for balance enquiry at any ATM worldwide, which has the Visa Electron signage. So, you can obtain local currency anywhere in the world, while your Current Account is held in Omani
Rials. In such cases you will be debited a cash advance charge of 1.5% of the cash advance amount subject to a minimum of RO
1.5. |
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How can I pay my utility bills
from my Current Account?
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| You can pay your utility bills by directly debiting your Current Account without going to the Billing Company's collection center or paying cash. All that you have to do is to register for the service by filling up the relevant
section in the Account opening form and provide a copy of the bills at the time of opening your Current account. Thereafter, you can start paying the utility bills either through the ATM,
Online banking free of cost. If you prefer to pay your bills through the branches, a nominal charge will be levied. |
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