8 Best Bank Accounts in Jordan

Selecting the right bank account in Jordan is crucial for a smooth banking experience. It affects everyday transactions and international payments. In this guide, we’ll review and suggest the best bank accounts in Jordan. We’ll outline unique offerings and highlights key considerations for choosing the most suitable account.

Top Banks for Current Accounts in Jordan

Jordan boasts a diverse range of banking institutions, each with its own strengths and specialties. To help you make an informed decision, we have compiled a list of the best banks for opening current accounts, along with their unique offerings and key features.

1. Arab Bank

This bank is best known for its extensive branch network and reliable services. It ensures convenient access to banking with numerous locations and dependable support.

• Requires basic documents such as a passport and residency card for account opening.
• Offers a wide range of account types to cater to various needs.
• Provides access to online banking services and mobile applications for convenient account management.
• Maintains a robust network of branches and ATMs across Jordan and the Middle East region.
• Minimum balance requirements may vary depending on the account type.

For similar banking options in the region, check out the best bank accounts in Oman and Bahrain.

2. Bank of Jordan

This bank is best known for its straightforward account opening process and basic banking services. It provides an easy setup and essential financial services to meet your everyday banking needs.

• Requires a minimum deposit of 200 JD (or equivalent foreign currency) for account opening.
• Maintains a minimum balance requirement of 100 JD for most accounts.
• Provides basic features such as debit Visa cards, contactless payments, and standard withdrawal and deposit services.
• Offers online banking and mobile banking capabilities for account management.
• Maintains a reasonable network of branches and ATMs across Jordan.

Explore more about the best bank accounts in Saudi Arabia and Qatar for further options.

3. Cairo Amman Bank

This bank is best known for its ability to link accounts with PayPal and manage online businesses. It offers seamless integration and efficient financial management for digital entrepreneurs.

• Offers an easy account opening process, with options to visit the nearest branch or book an appointment online.
• Provides a dedicated account type for individuals who need to receive and send payments through PayPal.
• Maintains a decent network of branches and ATMs across Jordan.
• Offers online banking and mobile banking services for account management.
• Minimum balance requirements and account maintenance fees may apply.

Check out the best bank accounts in UAE and the best business bank accounts in UAE for more options tailored to specific needs.

4. Jordan Kuwait Bank

This bank is best known for its services tailored to expatriates and its easy account opening process. It provides convenient banking solutions designed to meet the needs of international customers.

• Offers a range of account types tailored to the needs of expatriates and foreign nationals.
• Provides dedicated support and services for international money transfers and remittances.
• Maintains a widespread network of branches and ATMs across Jordan.
• Offers online banking and mobile banking services for account management.
• Minimum balance requirements and account fees may vary based on the account type.

5. Housing Bank

Housing Bank is renowned for its expansive ATM network across Jordan, ensuring convenient access to cash withdrawals and deposits.

• Offers a range of account types, including savings accounts and current accounts.
• Provides a user-friendly online banking platform and mobile banking app.
• Maintains a large network of branches and ATMs across Jordan.
• Offers debit cards with contactless payment capabilities.
• Minimum balance requirements and account maintenance fees may apply.

6. Standard Chartered Bank

As an international bank with a strong presence in Jordan, Standard Chartered is well-equipped to cater to the needs of expatriates and individuals with international financial requirements.

• Offers a range of account types, including multi-currency accounts and specialized expatriate accounts.
• Provides dedicated services for international money transfers and remittances.
• Maintains a network of branches and ATMs across Jordan, with a focus on major cities.
• Offers online banking and mobile banking services for account management.
• Minimum balance requirements and account fees may vary based on the account type and services required.

7. Capital Bank

Capital Bank is known for offering competitive interest rates on savings accounts and a range of investment products tailored to individual financial goals.

• Offers a variety of account types, including current accounts, savings accounts, and investment accounts.
• Provides online banking and mobile banking services for account management.
• Maintains a network of branches and ATMs across Jordan.
• Offers debit cards with contactless payment capabilities.
• Minimum balance requirements and account fees may apply.

8. Societe Generale Bank

As a subsidiary of the French banking group Societe Generale, this bank caters well to the needs of expatriates and individuals with international financial requirements.

• Offers a range of account types, including multi-currency accounts and specialized expatriate accounts.
• Provides dedicated services for international money transfers and remittances.
• Maintains a network of branches and ATMs across Jordan, with a focus on major cities.
• Offers online banking and mobile banking services for account management.
• Minimum balance requirements and account fees may vary based on the account type and services required.

Things To Look For While Looking For a Best Bank Account In Jordan

When selecting a bank account in Jordan, it is essential to consider several key attributes to ensure that the account meets your specific needs and requirements. Here are some of the essential attributes to consider:

Account Features

• Debit Visa cards: Most banks in Jordan offer debit Visa cards linked to your account, allowing you to make purchases and withdraw cash from ATMs both locally and internationally.
• Contactless payments: Many banks have embraced contactless payment technology, enabling you to make secure and convenient payments by simply tapping your debit card at compatible terminals.
• Online banking services: Reputable banks in Jordan offer online banking platforms and mobile applications, allowing you to manage your account, view transactions, transfer funds, and pay bills from the comfort of your home or on the go.
• Easy withdrawal and deposit options: Ensure that the bank you choose has a widespread network of branches and ATMs, making it convenient for you to withdraw or deposit cash whenever needed.
• Ability to link with PayPal (specific to Cairo Amman Bank): If you are involved in e-commerce or online businesses, the Cairo Amman Bank stands out as the only bank in Jordan that allows you to link your account directly with PayPal, facilitating seamless online payments and transactions.

Accessibility and Convenience

• Branch network availability: Consider the bank’s branch network and its proximity to your residence or workplace, as this can greatly impact the ease of conducting in-person transactions and accessing personalized banking services.
• ATM locations: Evaluate the bank’s ATM network coverage, ensuring that there are ample ATM locations in areas you frequent, allowing you to conveniently withdraw or deposit cash.
• Customer service quality: Assess the bank’s reputation for customer service, as responsive and knowledgeable support can greatly increase your overall banking experience, especially when dealing with complex transactions or inquiries.
• Option for online account opening and management: Many banks in Jordan now offer the convenience of online account opening and management, allowing you to complete the entire process from the comfort of your home or office, saving time and effort.

For Tourists

• Flexibility in account management: If you are a tourist visiting Jordan, consider banks that offer temporary or short-term account options with minimal requirements and fees, allowing you to manage your finances during your stay with ease.
• International transaction support: Ensure that the bank you choose provides robust support for international transactions, including favorable exchange rates and minimal fees for foreign currency conversions.
• Minimal account maintenance fees: As a tourist, you may want to consider banks that offer low or no account maintenance fees, especially if you plan to open an account for a short period.

For Expats

• Ease of transferring money internationally: If you are an expatriate in Jordan, look for banks that offer reliable and cost-effective international money transfer services, allowing you to seamlessly send or receive funds from your home country or other locations.
• Accounts that support multiple currencies: Some banks in Jordan offer multi-currency accounts, which can be beneficial for expats who need to manage funds in different currencies, such as their home country’s currency and the Jordanian dinar.
• Support for linking international services like PayPal: If you conduct business online or receive payments through platforms like PayPal, consider banks that facilitate direct account linking, such as the Cairo Amman Bank.

FAQs

Do all banks in Jordan require a minimum balance?

Most banks in Jordan have a minimum balance requirement for various account types, but the amount can vary significantly. It is essential to inquire about the minimum balance requirements with the bank you are considering, as maintaining the required balance is crucial to avoid potential fees or account closures.

Can I open a bank account in Jordan as a tourist?

Yes, it is possible for tourists to open bank accounts in Jordan, although the requirements and account types may differ from those offered to residents or expatriates. Some banks offer temporary or short-term account options specifically designed for tourists, allowing them to manage their finances during their stay in the country.

Is it possible to open a bank account in Jordan online?

Many banks in Jordan now offer the convenience of online account opening, allowing customers to complete the entire process remotely without the need to visit a physical branch. However, the specific requirements and procedures may vary among banks, so it is advisable to check with your preferred bank for their online account opening policies and guidelines.

Do banks in Jordan charge fees for international money transfers?

Most banks in Jordan charge fees for international money transfers, but the rates and associated costs can vary significantly. It is crucial to inquire about the fees and exchange rates offered by the bank before initiating an international money transfer to ensure transparency and avoid unnecessary charges.