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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
  • Access to our 24-hour call center.
  • No restriction on the number of transactions.
  • Cash withdrawals, deposit & balance inquiry services for individual account holders locally and internationally.
  • Instant issuance of debit cards through ITM machines or through any of our branches.
  • Utility payments conveniently through various electronic channels.
  • Standing instructions.
  • No hidden charges.
  • Pay orders facility.
  • Local and international remittances.
  • Apply easily through any of our branches spread across the Sultanate.
  • Free Periodic account e-statements.
  • Apply for Cheque Books using mobile banking or through any of our branches.
  • Free Debit card for the first year.
  • Inward and outward clearing.
  • Customers can operate their Accounts in various major currencies of their choosing, these include OMR, AED, EUR, GBP, and USD.
  • Foreign currency cheque collection.
  • Carry out all the banking transactions using the Bank’s e-channels such as: ATM/CDM, POS Machines, Mobile Banking and Internet Banking.
  • Transaction alerts on Mobile.
  • Cash withdrawal and deposit over the counter.
  • 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: Nil
  • If account Balance falls below RO 200: Nil
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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 Bank 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
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10. 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
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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 depositing your money in a daily transaction 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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