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Current Account

Everyday Banking Made Simple!

Discover transparent day-to-day banking with our Shari’a-compliant Current Account. It provides the convenience of putting your money in a daily transection account and accessing it without any restrictions on withdrawal while enjoying a host of professional conveniences from Bank Nizwa.

Key Features

  • Sharia compliant product based on the Sharia concept of Qard Al Hasan
  • No restriction on the number of transactions.
  • Instant issuance of debit cards through ITM machines or through any of our branches.
  • Standing instructions
  • Pay orders facility
  • Local and international remittances
  • Free Periodic account e-statements
  • Free Debit card for the first year
  • Customers can operate their Accounts in various major currencies of their choosing, these include OMR, AED, EUR, GBP, and USD.
  • Carry out all the banking transactions using the Bank’s e-channels such as: ATM/CDM, POS Machines, Mobile Banking and Internet Banking.
  • Cash withdrawal and deposit over the counter
  • Access to our 24-hour call center.
  • Cash withdrawals, deposit & balance inquiry services for individual account holders locally and internationally.
  • Utility payments conveniently through various electronic channels.
  • No hidden charges.
  • Apply easily through any of our branches spread across the Sultanate.
  • Apply for Cheque Books using mobile banking or through any of our branches.
  • Inward and outward clearing.
  • Foreign currency cheque collection.
  • Transaction alerts on Mobile.
  • Exclusive offers & discounts.

Eligibility Criteria

  • Any Omani citizen or resident (single or joint) above 18 years of age.
  • All entities licensed to operate in Oman

Fees & Charges

No. Fees and Charges Charges + VAT
1. Ledger Fee (Minimum Account Balance)

Account purpose to receive pension or other social support allowance being granted by the Government / Salary less than RO 200

If account Balance falls below RO 200
2. Account Closure Fee (within 1 year of opening) RO 3.150
3. New Debit Cards FREE
4. Supplementary Debit Card RO 2.100
5. Replacement Debit Card RO 2.100
6. Cash Withdrawal Nizwa Network Within (Omannet) FREE
7. Annual Fee - Primary / Supplementary Card RO 1.050
8. Cash Withdrawal Bank ATMs Within Oman (Omannet) RO 0.105
9. Segment Non Maintenance Charges

Privilege Banking - RO 5.250

Wealth Management - RO 10.500

Private Banking - RO 21.00
  Cheque book charges  
  25 leaves Cheque book RO 2.100
  50 leaves Cheque book charge RO 3.150
  100 leaves Cheque book charge RO 5.250
  Cheque returned charges RO 15.750

Requirements

  • Local ID (Omani Nationals)
  • Resident ID and Passport with Visa page (Expatriates)
  • Passport or Country ID (GCC Nationals)
  • Application form
  • Proof of address (for non-resident customers)
  • Complete the full Common Reporting Standard (CRS) section in account opening form.
  • FATCA – W9 Form (for USA nationals, US Tax resident and Green Card holders)
  • FATCA – W8BEN Form (for customers with a USA address or telephone number or for customers making outgoing payments to the USA)

FAQs

  • What is a Current Account?
    Bank Nizwa current accounts serve as a day-to-day Shari’a-compliant banking tool. It provides the convenience of putting your money in a daily transection account and accessing it without any restrictions on withdrawal while enjoying a host of professional conveniences.

Terms and Conditions

Key Fact Statement (KFS)

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