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Personal Accounts

Banking made easy

Current Account

Day to day transaction with cheque book facility

Benefits

Your current account is packaged with a range of benefits:

  • Open your account at any of our 58 conveniently located branches across the Sultanate
  • Access to your money at all times with OAB debit card – Instantly issued in select branches.
  • Free 24 hours cash withdrawal and deposit from over 130 ATMs across Oman and over a million globally. OAB debit card can also be used at over 30 million merchant locations worldwide.
  • Cheque book facility
  • Multiple currency options
  • Free SMS banking
  • Free eStatements and eAdvices
  • “Fil Khidma” Call Center available 24 hours a day.
  • Utility bills payment through our ATMs, Call Center, and branches.

At the time of account opening you will receive a welcome kit, with all the information you need to start your banking experience with us.

Eligibility
  • Individual Omanis and non-Omanis who earns a minimum monthly salary of RO 500
  • Joint Accounts
Apply

Child Education Saving Plan

Save for a brighter future

Benefits

Make your child’s dreams come true with OAB’s Child Education Savings plan. Start saving early for their education and secure their future.

  • Flexibility on your savings: OAB’s Child education savings plan can help you decide how much you can afford to save for your child each month starting from as low as RO 25 to a maximum of RO 5,000. You can amend the monthly deposit anytime without any charges.
  • High Interest Rate*: Your child will benefit from high interest rate of 1.75% per annum on the monthly deposit balance.
  • Bonus Reward*: The Bank equally cares for your child as the plan offers a bonus interest rate every three years of 1.25% per annum above the existing interest rate as a reward after regular monthly deposits of 36 consecutive months.
  • Prize Draws: This account also entitles your child to win cash prizes every month through special Hassad Savings scheme draws for children.
  • Free Life Insurance: With OAB you can rest assured the continuity of your monthly payments under the complimentary life insurance, which covers up to OMR 50,000 in case of any unforeseen incident that may occur to the parent.
  • Hassle Free Savings Plan: You can easily set a monthly debit instructions free of charge once you open the account, which will automatically debit your main account and transfer the specified amount to your Child’s account for the whole tenor of the plan.

*The interest rate & bonus interest rate are subject to change as per market conditions. Terms & Conditions apply

Eligibility
  • Parents between the age of 18 and 64 are Eligible to subscribe to the Child Education Savings Plan for their children, provided child age is less than 18 years old.
Apply

Growth Account

Grow and protect your savings with an interest paying transactional account

Benefits

Now you can enjoy receiving monthly interest payments on your transactional account and watch your deposit grow and protect it at the same time.

  • Open your account at any of our 58 conveniently located branches across the Sultanate
  • High interest rates paid on monthly basis
  • Access to your money at all times with OAB debit card – Instantly issued in select branches.
  • Free 24 hours cash withdrawal and deposit from over 130 ATMs across Oman and over a million globally. OAB debit card can also be used at over 30 million merchant locations worldwide.
  • Free insurance (life and permanent disability) up to account balance or up to a maximum of RO 25,000
  • Free SMS banking
  • Free eStatements and eAdvices
  • “Fil Khidma” Call Center available 24 hours a day.
  • Utility bills payment through our ATMs, Call Center, and branches.
Eligibility
  • Any Individual; Omanis and non-Omanis
  • Above 18 years old.
Apply

Fixed Deposit Account

Invest your money with the certainty of a fixed interest rate and a choice of terms.

Benefits

Earn guaranteed returns with your fixed deposit, offering flexible tenors and interest payment options:

  • Open your account at any of our 58 conveniently located branches across the Sultanate
  • Deposits can be fixed for 1 month, 3 months, 6 months, 1 year up to 5 years.
  • You can receive interest at end of term, semi-annually or annually.
  • Multiple currency options.
  • Free eStatements and eAdvices
  • “Fil Khidma” Call Center available 24 hours a day.

At the time of account opening you will receive a welcome kit, with all the information you need to start your banking experience with us.

Eligibility
  • Any Omanis and non-Omanis who have an account with Oman Arab Bank. This also includes all Corporate customers of the bank.
Apply

Save and win with Hassad Savings Account