Interest bearing Savings
Account
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How much money do I need to deposit to open a new Savings Account?
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| You can open a Savings Account with BankMuscat at any of the branches by depositing a mere RO
5 in cash. |
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Are there any service charges applicable for Savings
Accounts?
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| In case your balance falls below RO 100 anytime during a month, there is a service charge of RO
1. However, if your balance during other months is above RO 100, you are not charged the
service charges. |
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Is it true that I can use my BankMuscat Visa Electron ATM card even outside Oman?
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| Yes, you can use the ATM card 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 Savings 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 Savings
Account?
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You can pay your utility bills
by directly debiting your
Savings 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 Savings account.
Thereafter, you can start paying
the utility bills either through
the ATM, Call Centre or 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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Is there any charge for
using banking, Call Centre facilities?
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| No. All these facilities are free of cost for Savings Account customers. |
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