Tariff of Charges
Saving Accounts | ||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
Balance Below RO 100/- Salary account with less than RO 500 monthly and pensioners are exempted from monthly minimum balance charge |
Per Month |
0.525 |
Current Account |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
Monthly Balance Below RO 200/- Salary account with less than RO 500 monthly and pensioners are exempted from monthly minimum balance charge |
Per Month |
0.525 |
Bank Statement |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
|
Monthly |
5.25 Per Annum |
|
Weekly |
21 Per Annum |
|
Daily |
52.5 Per Annum |
Cheque Book Charges |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
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 |
Charges OMR (Inclusive of VAT) |
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 SA and RO 200 in CA) |
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 charges (either single cheque or bunch of serially numbered cheques) |
|
5.250 |
Cancel Stop Payment of Cheque (either single cheque or bunch of serially numbered cheques) |
|
5.250 |
Demand Draft |
Per Demand Draft |
2.100 |
Pay Order |
Per Pay Order |
2.100 |
Voucher / Cheque Photocopy |
Up to one year- Per Voucher / Cheque |
2.100 |
Voucher / 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 |
Charges OMR (Inclusive of VAT) |
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 |
Partial loan settlement |
|
1.05% of setteled amount |
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 |
|
5.250 |
Rescheduling of an existing loan for retired customer |
Maximum |
15.750 |
Change of Guarantor |
Per Request |
5.250 |
Standing Order |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
Standing Order within the bank |
|
1.050 |
Standing Order outside the bank (Local) |
|
2.100 |
Standing Order outside the bank (Foreign) |
|
2.100/- + remittance charges |
Standing order cancellation for out-side bank beneficiary |
|
2.100 |
ATM Cards |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
New Card |
|
1.050 |
Supplementary / Duplicate Card |
|
2.100 |
Replacement Card |
|
2.100 |
Cash withdrawals from (non- OAB ATMs within Oman Switch) Salary accounts of RO 200 and less are exempted |
Per transaction |
0.105 |
Annual Fee |
|
1.050 |
OmanNet Balance Enquiry |
Per transaction |
0.053 |
OmanNet Mini Statement |
Per transaction |
0.053 |
OmanNet Customer Account Transfer |
Per transaction |
0.053 |
OmanNet Accont to Account Transfer (sender) |
Per transaction |
0.210 |
GCCNET Cash Withdrawal |
Per transaction |
0.840 |
GCCNET Balance Enquiry |
Per transaction |
0.315 |
International (VisaNet) Cash Withdrawal |
Per transaction |
1.575 |
Foreign Exchange International |
Per transaction |
2.100% |
Foreign Exchange GCC |
Per transaction |
2.100% |
Credit Cards |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
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 |
Charges OMR (Inclusive of VAT) |
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 |
Charges OMR (Inclusive of VAT) |
Commission |
Per CHQ |
5.250 |
Withdrawl of PDC |
Per CHQ |
5.250 |
Safe Deposit Lockers |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
Small |
Per Annum |
52.500 |
Medium |
Per Annum |
78.750 |
Large |
Per Annum |
131.250 |
X-Large | Per Annum | 183.750 |
Keys Deposit for all lockers (Refundable) |
|
26.250 |
Replacement of locks for the lost Keys |
|
105.000 |
Inward Clean Collection |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
Commission |
Per CHQ |
5.250 |
Handling Charges |
Per CHQ |
7.350 |
Outward Clean Collection |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
Commission |
Per CHQ |
5.250 |
Handling Charges |
Per CHQ |
7.350 |
Mobile Payment on OPay Mobile Wallet |
||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
Person-to-Person – within OAB |
Per Transaction |
0.053 |
Person-to-Person – Local Bank |
Per Transaction |
0.105 |
Mobile wallet top-up fees | Per Transaction | 0.263 |
Remittances iSend Service Charges |
||
corridor |
Frequency |
Charges OMR (Inclusive of VAT) |
India | Per Transaction | 2.25 |
Pakistan | Per Transaction | 1.95 |
Bangladesh | Per Transaction | 1.95 |
Sri Lanka | Per Transaction | 2.25 |
United Arab Emirates | Per Transaction | 2.25 |
Singapore | Per Transaction | 2.25 |
EU SEPA | Per Transaction | 2.25 |
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.
Current Account | ||
Description |
Frequency |
Charges OMR (Inclusive of VAT) |
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 (in OMR) |
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 (in OMR) |
Visa Card |
Annual fee |
52.500 |
Master Card |
Annual fee |
52.500 |
Safe Deposit Boxes |
||
Description |
Frequency |
Charges (in OMR) |
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 (in OMR) |
Standing Orders (within OAB) |
|
1.050 |
Standing Orders (Local Banks) |
|
2.100 |
Standing Order Cancellation |
|
2.100 |
Remittances |
Charges (in OMR) |
|
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 (in OMR) |
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 |
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.
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 |
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.