Tariff of Charges

Personal Banking


Saving Accounts
Description	Frequency	Charges OMR (Inclusive of VAT, where applicable)
Balance Below RO 100/-	Per Month	0.525
Salary account with less than RO 500 monthly are exempted from monthly minimum balance charge



Current Account
Description	Frequency
Monthly Balance Below RO 200/-	Per Month	0.525
Salary account with less than RO 500 monthly are exempted from monthly minimum balance charge


Bank Statement
Description	Frequency
	Monthly	5.25 Per Annum
	Weekly	21 Per Annum
	Daily	52.5 Per Annum

Cheque Book Charges
Description	Frequency
Cheque Book – 10 Leaves		1.050
Cheque Book – 25 Leaves		2.100
Cheque Book – 50 Leaves		3.150
Cheque Book – 100 Leaves		5.250

General
Description	Frequency
Account Closure	Before one year	3.150
Balance confirmation to Auditors/Balance Certificate/No liability certificate /NOC/Liability certificate	Per letter	2.100
Statement Copy	Within 6 Months	1.050
Statement Copy	Over 6 Months	3.150
Statement Copy	Above 1 year	5.250
Utility Bills (OAB Customers)	Per Bill	0.525
Utility Bills (Non- OAB Customers)	Per Bill	1.050
Dormancy Charges (If Balance Below RO 100 in saving account and RO 200 in current account)	Per Annum	2.100
Caution List (Remove Letter – Individual)	Per letter	10.500
Caution List (Remove Letter – Company)	Per letter	21.000
Cheque Returned due to insufficient funds	Per CHQ	15.750
Cheque Returned due to other reasons (excluding insufficient fund)	Per CHQ	5.250
Stop Payment of single Cheque or bunch of serially numberd cheques		5.250
Cancel Stop Payment of single Cheque or bunch of serially numberd cheques		5.250
Demand Draft	Per Demand Draft	2.100
Pay Order	Per Pay Order	2.100
Voucher or Cheque Photocopy	Up to one year- Per Voucher / Cheque	2.100
Voucher or Cheque Photocopy	Over one year- Per Voucher / Cheque	3.150
International Transfer	Per Transfer	5.250
Postage Charges		2.100
Swift Reminder (If requested by customer)	Per Swift	5.250
Special Clearing (ECC)	Per CHQ	5.250
Stop Payment of Demand Draft	Per Demand Draft	5.250
Cancellation of Demand Draft	Per Demand Draft	2.100
Purchase of Demand Draft	Per Demand Draft	2.100
Local Bank Transfer below 3,000 OMR	Per Transfer	1.050
Local Bank Transfer 3,000 OMR and above	Per Transfer	4.463
Inward Swift Transfer	Per Transfer	5.250

Retail Loans
Description	Frequency
Personal Loan ( Application/ Documentation / Processing Fees )		26.250
Car Loan ( Application/ Documentation / Processing Fees )		26.250
Housing Loan ( Application/ Documentation / Processing Fees )		52.500
Loan Insurance Documentation fee		0.0525% of loan amount
	Minimum	5.250
	Maximum	78.750
Premature Settlement		1.05% of current balance
Fully or Partial loan settelement		1.05% of setteled amount
Fully or Partial loan settlement for retired customer		exempted
Deferment of Loan Instalment upon customer request	Per Request	5.250
Topping Up/ rescheduling of an existing loan	Maximum	5.250
rescheduling of an existing loan for retired customer		15.750
Change of Guarantor	Per Request	5.250

Standing Order
Description	Frequency
Standing Order within the bank		1.050
Standing Order outside the bank (Local)		2.100
Standing Order outside the bank (Foreign)		2.1/- + remittance charges
Standing order cancellation for out-side bank beneficiary		2.100

ATM Cards
Description	Frequency
New Card		1.050
Supplementary / Duplicate Card		2.100
Replacement Card		2.100
Cash withdrawals from (non- OAB ATMs within Oman Switch),( Salary account of 200 omr or less are exempt )	Per transaction	0.105
Annual Fee		1.050
OmanNet Balance Enquiry	Per transaction	0.053
OmanNet Mini Statement	Per transaction	0.053
OmanNet Customer Accont Transfer	Per transaction	0.053
OmanNet Accont to Account Transfer (sender)	Per transaction	0.210
GCCNET Cash Withdrawl	Per transaction	0.840
GCCNET Balance Enquiry	Per transaction	0.315
International (VisaNet) Cash Withdrawl	Per transaction	1.575
Foreign Exchange International	Per transaction	2.1%
Foreign Exchange GCC	Per transaction	2.1%

Credit Cards
Description	Frequency
Classic Primary (Issuance/Renewal)	Per Annum	31.500
Classic Supplementary (Issuance/Renewal)	Per Annum	15.750
Gold Primary (Issuance/Renewal)	Per Annum	52.500
Gold Supplementary (Issuance/Renewal)	Per Annum	26.250
Platinum Primary (Issuance/Renewal)	Per Annum	52.500
Platinum Supplementary (Issuance/Renewal)	Per Annum	26.250
Infinite Primary (Issuance/Renewal) “Free for Elite customers”	Per Annum	105.000
Infinite Supplementary (Issuance/Renewal) “Free for Elite customers”	Per Annum	26.250
Internet Shopping Card	Per Annum	12.600
Late Payment Fee	Per Month	10.500
Over Limit Charges	Per Month	10.500
Copy of Sales Voucher		3.150
Replacement Card(Lost/Stolen /Damage)	Per Card	15.750
Cash Advance Fee	Per transaction	3.15% Flat or min 2.100
Monthly Interest	Monthly	1.575%
PIN reissuance	Per Card	5.250

Mortgage/Pledge/Release
Description	Frequency
Legal Mortgage Registration		26.250
Legal Mortgage Release		26.250
Pledge of Shares Registration		10.500
Shares Pledge Release		10.500

Post Dated Cheque
Description	Frequency
Commission	Per CHQ	5.250
Withdrawl of PDC	Per CHQ	5.250

Safe Deposit Lockers
Description	Frequency
Small	Per Annum	52.500
Medium	Per Annum	78.750
Large	Per Annum	131.250
Extra Large	Per Annum	183.750
Keys Deposit for all lockers (Refundable)		26.250
Replacement of locks for the lost Keys		105.000

Corporate Branch Safe Deposit Locker
Description	Frequency
Small	Per Annum	84.000
Medium	Per Annum	157.500
Large	Per Annum	236.250
Keys Deposit for all lockers (Refundable)		26.250
Replacement of locks for the lost Keys		105.000
Inward / Outward Clean Collection
Commission	Per CHQ	5.250
Handling Charges	Per CHQ	7.350

Mobile Payment on Mobile Banking
Description	Frequency
Person-to-Person – within OAB	Per Transaction	0.525
Person-to-Person – Local Bank	Per Transaction	0.105

Corporate Banking


Current Account
Description	Frequency	Charges OMR (Inclusive of VAT, where applicable)
Monthly Balance below OMR 500.000	Per Month	0.525
Bank Statement	Monthly	5.250
	Weekly	21.000
	Daily	52.500

Current Account
Description	Frequency	Percentage
Prepayment Penalty		2.1%

Cheques
Description	Frequency	Charges OMR (Inclusive of VAT, where applicable)
Cheque Book – 25 leaves		3.150
Cheque Book – 50 leaves		4.200
Returned due to insufficient funds		15.750
Returned due to other reasons		10.500
Stop Payment		5.250
Cancel Stop Payment		5.250
Demand Draft		10.500
Pay Order		10.500
Special Clearing		15.750
Cheque Photocopy		10.500

Corporate Cards
Description	Frequency	Charges OMR (Inclusive of VAT, where applicable)
Visa Card	Annual fee	52.500
Master Card	Annual fee	52.500

Safe Deposit Boxes
Description	Frequency	Charges OMR (Inclusive of VAT, where applicable)
Small	Per Month	73.500
Medium	Per Month	105.000
Large	Per Month	157.500
Key Deposit for all Lockers (refundable)		210.000
Replacement of Locks for lost keys		157.500

Standing Orders
Description	Frequency	Charges OMR (Inclusive of VAT, where applicable)
Standing Orders (within OAB)		1.050
Standing Orders (Local Banks)		2.100
Standing Order Cancellation		2.100

Remittances		Charges OMR (Inclusive of VAT, where applicable)
Description		Manual
Transfer within OAB		0.000
Transfers to Local Banks within Oman (RTGS)		4.200
International Transfers (OUR)		17.850
International Transfers (SHA)		5.250
International Transfers (BEN)		5.250
Payroll (ACH)		0.525 per transaction
Description		Online Banking
Transfer within OAB		0.000
Transfers to Local Banks within Oman (RTGS)		2.100
International Transfers (OUR)		14.700
International Transfers (SHA)		4.200
International Transfers (BEN)		4.200
Payroll (ACH)		0.315 per transaction
e-Banking

Description	Frequency	Charges OMR (Inclusive of VAT, where applicable)
One time Setup fee	One time	31.500
Maintenance fee	Monthly	21.000
Security Device (New)	per device	5.250
Security Device (Replacement)	per device	10.500
Setting up viewing only		Free
Online Banking training	per session	First time free
		Subsequent sessions 31.5

SWIFT MT940 Reporting
MT940 to other FI One time Setup Fee	One time	52.500
Maintenance fee	Monthly	5.250

Trade Finance

Letter of Credit (Imports)
Description	Charges OMR (Inclusive of VAT)
Letter of Credit (LC) / Acceptance	Opening Commission of 0.13125% per month, minimum of 3 months or OMR26.25 (whichever is higher)
Deferred Payment Credits	LCs with Usance drafts, or stipulate deferred payment terms where the maturity date is beyond the expiry date of DC, 2.52% p.a. or part thereof, from expiry date to date of maturity. Minimum charge OMR26.25
Amendments of Letter of Credit	Amendment to LC involving increase in the amount or extension of expiry date beyond the initial 3 month period or both, commission applied on the same basis as LC opening commission with a minimum of OMR 15.75. All other amendments a flat commission of OMR 15.75.
Documentary Import Bills for Collection	Sight Flat 0.13125%
	Usance 0.13125% p.m. or a minimum of OMR 15.75
Acceptance of Usance collection documents	OMR 15.75 plus costs
Avalisation of accepted import collection bills	2.52% p.a. minimum OMR 31.5
Import bill settlement charges	USD 10.5 or equivalent
Import collection document returned or unpaid or transferred to another bank	Handling Charges OMR 10.5, SWIFT OMR 10.5 per message, Courier Charges OMR 2.1/-
Shipping Guarantees/Delivery Orders	0.13125% flat or minimum 15.75, Under LC flat OMR 15.75, Collection flat 0.13125% on bills amount or minimum OMR 15.75.
Letter of Credit / Amendments advised through courier	OMR 15.75
Pre-advice/amendment advised by telex/SWIFT	OMR 10.5
Letter of credit advised by a full telex/SWIFT (OAB Customer)	OMR 15.75
Letter of credit advised by a full telex/SWIFT (Non OAB Customer)	OMR 26.25
Discrepancy fee on each set of discrepant documents	USD 84/- will be charged for each set of discrepant document from the proceeds or claimed from the negotiating bank, as appropriate, except where all the charges are on account of applicant
Reimbursement charges	USD 84/- or equivalent on each negotiation
Supplier Finance – Handling fees	OMR 15.75
Supplier Finance – Swift Charges	OMR 5.25
Safekeeping charges	USD 52.5 or equivalent per month being safe keepimg charges on each import bills remaining unpaid/unaccepted one month after date of receipt of due date of such bills
Early/Partial payment for Letter Against Trust Receipt	OMR 15.75
Miscellaneous pricing on Import Letter of Credit documents	Opening/Amendment commisiion is charged upfront, no refund of collected commission.
Miscellaneous pricing on Import Letter of Credit documents – Cancellations	OMR 10.5
	LCs allowing excess drawings such as a variance of + 10.5% commission will be charged on full value.
Miscellaneous pricing on Import Letter of Credit documents – Non standard/long text LC are issued	OMR 10.5
Letter of Credit (Exports)
Description	Charges OMR (Inclusive of VAT)
Pre-Advice of Letter of Credit	OMR 21/-
Advising of Documentary credit/ Amendment	OMR 26.25
Amendment of Letter of Credit	Same as opening charges minimum OMR 26.25/- SWIFT
Negotiation/handling of letter of credit opened by other banks/branches	A commission of 0.13125% on the face value of the bill subject to a minimum of OMR 21/-
Confirmation of letter of credit opened by other banks/branches	0.2625% for 3 months minimum OMR 52.5- whichever is higher
Silent Confirmation	Upfront charges of 0.2625% on the face value of the credit for 3 months subject to a of OMR 52.5 (whichever is higher)
Transfer of export letter of credit	A commission of 0.2625% subjet to a minimum of OMR 10.5 for each transfer
Amendments to transfer of export Letter of Credit	OMR 10.5 plus costs
Export Bills sent for collection	Usance 0.13125% p.m minimum charges OMR 26.25
	Sigh 0.13125% flat subjec to a minimum charges of OMR 26.25
Amendments to collection instrustions	OMR 10.5 plus costs
Checking Fee	OMR 5.25 will be charged for each set of discrepant/clean document
Safekeeping charges	USD 52.5 or equivalent per month being safe keeping charges on each export bills remaining unpaid/unaccepted one month after date of receipt of due date of such bills
Guarantees
Description	Charges OMR (Inclusive of VAT)
Tender Bond (Bid Bonds)	0.1575% p.m or part thereof (min 3 months) or OMR 31.5 Commission charged upfront to include claim presentation period as well.
Performance Bond	0.1575% p.m or part thereof (min 3 months) or OMR 31.5 Commission charged upfront to include claim presentation period as well.
Advance Payment Guarantee	2.52% p.a or part thereof (min 3 months) or OMR 31.5 Commission charged upfront to include claim presentation period as well.
Payment / Financial Guarantee	3.15% p.a or part thereof (min 3 months) or OMR 31.5 Commission charged upfront to include claim presentation period as well.
Amendments to guarantee	Charged on the same basis as guarantee issuance, where extension/increase in amount is involved. A flat fee of OMR 21/-. Commission is charged in advance for periods of six months each where-open-ended/auto renewable guarantees are issued
Re Issuance of Gaurantees	OMR 15.75 per guarantee
Guarantee cancellations	For guarantee cancellations without the original guarantee being submitted OMR10.5
Processing/vetting of non standard guaratees	OMR 15.75 per guarantee
Shipping Guarantees not returned within 30 days of issuance for every month outstanding	OMR 21/- for every month outstanding
Bank to Bank Reimbursments
Description	Charges OMR (Inclusive of VAT)
Courier charges	OMR 15.750
Postage charges	OMR 5.250
Swift within Oman	OMR 5.250
Handling fee	OMR 15.750
DC/DC Amendment Draft Charge	OMR 10.500
Request for copy documents under LC / Collection	OMR 0.525
Bills of lading consigned to the bank for collection documents	USD 210/- on the drawer
Issuing guarantee bonds against margin for non facility customer	0.1575% p.m. or minimum charges OMR 52.5
Issuing guarantee bonds for value equal to or less than OMR500/- for non facility customers	0.1575% p.m. or minimum charges OMR 105/-
DBS handling charges	OMR 15.75 flat fees
DIRECT LTR Handling Charges	OMR 15.75 flat fees
LTR Extension Fee (Beyond approved tenor)	1.05% (or as agreed with RM) minimum charge OMR 52.5
DBS Extension Fee (Beyond approved tenor)	1.05% (or as agreed with RM) minimum charge OMR 52.5
Document Collection Usance Acceptance	0.13125% p.m. or minimum charges OMR 26.25
Charges for Chasers	OMR 10.5
Direct Collection from Beneficiary directly	Handling charges USD 210 + Cables charges
Direct Collection from Beneficiary directly	Commission charge 0.2625% flat or minimum OMR 52.5
Documents (LC/Collection) not collected within 15 calender days from initimation	OMR 15.75 per month
Trade Finance Outstanding Statement requests	OMR 5.25 per request

Fees and Charges are revised and are inclusive of VAT – where applicable – and are subject to change as per applicable Oman VAT Law and Tax Authority guidelines.