Guide to Banks in Oman

Oman’s banking sector consists of several licensed local and foreign commercial banks as well as two specialised banks and two Islamic banks. The Central Bank of Oman (CBO) regulates all private banks, supervises interest rates and issues bonds and notes.

Opening a bank account

In order for you to be able to open a current bank account here as an expat, you need to have a residency visa and a No Objection Certificate (NOC) from your employer. The NOC needs to have your monthly salary indicated on it. Generally, opening a bank account with the employer’s bank is the best option as it will make the process easier and any problems can be resolved quickly.
 

Other documents needed include copies of your passport and ID card. Some banks will ask for a tenancy contract to prove your residential address as well as some passport-size photos.
If you are sponsoring your wife and children, they can open a bank account with your permission.
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