When it comes to managing your finances, having a trustworthy banking partner is crucial. The National Bank of Oman (NBO) has established itself as a reliable and comprehensive banking institution offering a wide range of services to meet the diverse needs of its customers.
NBO provides an extensive array of financial products and services, including personal and business banking, loans, credit cards, and insurance solutions. Let’s go through some of the accounts offered by NBO.
National Bank Of Oman’s Children’s Account
Securing your child’s future is a priority for every parent. At the National Bank of Oman (NBO), we understand this deeply and offer a specially designed Children’s Account to help parents save for their children’s future. Our Children’s Account is more than just a savings account; it’s a way to teach your kids the value of saving from an early age.
Flexible Monthly Deposits
Start saving with a plan that suits your budget. Whether you want to deposit a fixed amount each month or vary your contributions, our account gives you the flexibility to save at your own pace. This flexibility ensures that saving becomes a regular and manageable part of your financial routine, making it easier to achieve your long-term goals for your child.
Competitive Interest Rate
Enjoy interest rates up to 3.5%, ensuring your savings grow over time. You can choose between an interest-bearing account or a non-interest-bearing option based on your preferences. This allows you to optimize your savings strategy and ensure your child’s funds grow steadily, providing a solid financial foundation for their future.
Free Life Insurance
As an added benefit, NBO provides free life insurance for the parent or guardian. This coverage offers peace of mind knowing that your child’s future is secure, even in unforeseen circumstances. It’s a thoughtful feature that adds an extra layer of security to your savings plan, ensuring that your child’s financial needs will be met no matter what happens.
Free Debit Card for Children
Kids aged 13 and above receive a free debit card, giving them access to their savings and teaching them how to manage money responsibly. This feature is a great way to introduce your child to financial independence and responsibility, providing practical experience in managing their funds and understanding the value of money.
Currency Flexibility
Maintain the account in Omani Rials or US Dollars, offering flexibility to suit your financial planning needs. This allows you to cater to your savings strategy whether you are focusing on local expenses or planning for potential international costs, providing you with the convenience and adaptability to meet your specific financial goals.
Opening an NBO Children’s Account is a simple step towards securing your child’s financial future. With attractive features and the backing of a trusted institution, you can rest assured that you’re making a wise investment in your child’s future. Visit your nearest NBO branch or our website to learn more and start saving today.
Current Account
National Bank of Oman Current Account is perfect for managing both personal and business finances efficiently. With a range of features designed to meet diverse financial needs, it offers a comprehensive solution for anyone looking to manage their money seamlessly.
Foreign Currency Accounts
Our Current Account allows you to hold funds in multiple currencies, making it easier to manage international transactions and hedge against currency fluctuations. Whether you’re dealing with foreign clients or traveling frequently, having a foreign currency account simplifies your financial management and reduces the hassle of currency conversion.
Convenient Banking Options
Enjoy 24/7 access to your account through various banking channels, including online banking, mobile apps, and ATMs. This ensures you can manage your finances whenever and wherever you need, providing the flexibility and convenience essential for modern banking.
No Transaction Limits
There are no transaction limits with NBO’s Current Account, giving you the freedom to conduct as many transactions as needed without any additional fees or restrictions. This feature is particularly beneficial for businesses or individuals with high transaction volumes, ensuring smooth and uninterrupted financial operations.
Easy Access with Debit Card
With a debit card linked to your Current Account, you have round-the-clock access to your money anywhere in the world. This card allows you to withdraw cash, make purchases, and perform various banking transactions effortlessly, ensuring you always have access to your funds when you need them.
Personalized Cheques
NBO’s Current Account provides personalized cheques, offering a professional touch for your financial transactions. Whether for personal use or business purposes, having customized cheques enhances your financial interactions and maintains a professional image.
Opening an NBO Current Account is a step towards efficient and flexible financial management. With features tailored to meet your personal and business needs, you can trust NBO to provide the support and services required to manage your finances effectively.
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Privilege Banking
For those seeking a more personalized banking experience, NBO offers Privilege Banking. This exclusive service is tailored for high-net-worth individuals, providing a range of benefits designed to meet the unique needs of our most valued clients.
Dedicated Relationship Manager
With Privilege Banking, you receive a dedicated relationship manager who understands your financial goals and provides personalized advice. This manager acts as your single point of contact for all your banking needs, ensuring a seamless and efficient banking experience. They are committed to helping you navigate the complexities of wealth management and optimize your financial strategies.
Priority Service in Branches
Enjoy priority service at NBO branches, allowing you to bypass queues and receive immediate attention. This ensures that your banking transactions are handled swiftly and efficiently, saving you valuable time. Whether you need assistance with complex financial transactions or simple banking tasks, our priority service ensures a hassle-free experience.
Access to World-Class Financial Advice
Privilege Banking clients have access to world-class financial advice from experienced professionals. Our advisors provide insights into investment opportunities, market trends, and wealth management strategies tailored to your specific needs. This expert advice helps you make informed decisions and maximize the potential of your financial portfolio.
Preferred Banking Products
As a Privilege Banking client, you gain access to preferred banking products that offer enhanced features and benefits. These products are designed to provide superior value and meet the sophisticated needs of high-net-worth individuals. From exclusive credit cards to tailored investment products, our offerings are curated to align with your financial aspirations.
Lifestyle Benefits
Privilege Banking also includes a host of lifestyle benefits that enhance your overall experience. Enjoy special rates on loans and deposits, exclusive offers, and invitations to premium events. These benefits are designed to complement your lifestyle and provide added value beyond traditional banking services.
Special Rates on Loans and Deposits
Benefit from special rates on loans and deposits, ensuring you get the most competitive terms available. Whether you are looking to finance a major purchase or grow your savings, our preferential rates help you achieve your financial goals more effectively.
NBO’s Privilege Banking is designed to provide a comprehensive and personalized banking experience that caters to the needs of high-net-worth individuals. With a dedicated relationship manager, priority service, world-class financial advice, and a range of exclusive benefits, you can trust NBO to deliver a banking experience that exceeds your expectations.
Mazaya Elite Savings Account
The Mazaya Elite Savings Account is specifically designed for NBO’s Mazaya banking customers, offering a suite of exclusive benefits and features. By maintaining a minimum deposit of OMR 15,000, customers can enjoy a premium banking experience tailored to meet their sophisticated financial needs.
High Interest Rates
One of the standout features of the Mazaya Elite Savings Account is the high interest rates offered on your deposits. These rates ensure that your savings grow steadily over time, providing you with a solid return on your investment. This feature makes it an attractive option for those looking to maximize their savings potential.
Linked Chequebook
For easy withdrawals and added convenience, the account comes with a linked chequebook. This allows you to access your funds effortlessly, whether you need to make payments, manage expenses, or handle other financial transactions. The linked chequebook ensures you have seamless access to your money whenever you need it.
Access to Investment Opportunities
Mazaya Elite Savings Account holders gain access to exclusive investment opportunities. These tailor-made investment options are designed to help you diversify your portfolio and achieve your financial goals. Our team of experts is available to provide personalized advice and guidance, ensuring you make informed decisions.
Flexible Banking
With the Mazaya Elite Savings Account, you can enjoy flexible banking that suits your lifestyle. This account offers various features designed to make your banking experience smooth and convenient, allowing you to manage your finances with ease.
Preferential Rates
Benefit from preferential rates on various bank charges and foreign exchange rates. These special rates help you save money on transactions and currency exchanges, making your banking experience more cost-effective. Whether you are conducting business internationally or managing personal finances, these preferential rates provide significant advantages.
The Mazaya Elite Savings Account is an excellent choice for Mazaya banking customers who want to enjoy exclusive benefits and high returns on their savings. With features like high interest rates, a linked chequebook, access to investment opportunities, flexible banking, and preferential rates, you can trust NBO to provide a premium banking experience.
Youth Account
NBO’s Youth Account is designed to cater to the unique needs of young savers aged 13 to 25, providing tailored solutions that grow with them. Whether you are a young saver or an aspiring graduate, this account offers a range of features to help you manage your money and develop financial responsibility.
For Young Savers (Aged 13 to 17)
For those aged 13 to 17, the Youth Account offers an excellent opportunity to start building savings early. This account provides access to a debit card, allowing young savers to manage their money and make purchases under parental guidance. Additionally, the account includes financial education resources, helping young savers understand the importance of budgeting, saving, and managing their finances wisely. By starting early, young savers can develop good financial habits that will benefit them throughout their lives.
For Students (Aged 18 to 25)
For students aged 18 to 25, the Youth Account provides a seamless and easy setup process, ensuring you can get started with your banking needs quickly. This account includes savings solutions designed to help you grow your funds while managing daily expenses.
With a debit card, you can access your money conveniently, making it easier to manage your finances as you transition to adulthood. The Youth Account also offers mobile banking access, allowing you to manage your account on the go.
With mobile banking, you can check your balance, transfer funds, and monitor your spending from the convenience of your smartphone. This feature is especially useful for busy students who need to stay on top of their finances.
Financial Responsibility and Future Security
One of the primary goals of the Youth Account is to help young individuals learn financial responsibility and secure their financial future. By providing practical banking tools and financial education, NBO empowers young savers and students to make informed financial decisions.
This foundation of financial literacy is crucial for achieving long-term financial success. The NBO Youth Account is an ideal choice for young individuals looking to start their financial journey on the right foot.
With tailored solutions for different age groups, including debit card access, financial education, savings solutions, and mobile banking, this account provides everything needed to develop good financial habits and secure a prosperous future.
Priority Banking – Sadara Elite
Sadara Elite is NBO’s premier wealth management account, tailored for priority banking customers who seek exclusive and personalized financial services. This top-tier service provides a range of benefits designed to meet the sophisticated needs of high-net-worth individuals.
Dedicated Relationship Manager
Sadara Elite offers a dedicated relationship manager who provides personalized attention and expert financial advice. Your relationship manager is your primary point of contact, ensuring that all your banking needs are met with efficiency and professionalism. This personalized service helps you navigate complex financial decisions and manage your wealth effectively.
Flexible Banking Options
With Sadara Elite, you have access to flexible banking options that cater to your lifestyle and financial preferences. Whether you need specialized financial products, tailored investment solutions, or unique banking services, Sadara Elite ensures you have the flexibility to manage your finances the way you want.
Exclusive Investment Opportunities
Sadara Elite customers enjoy access to exclusive investment opportunities. These opportunities are designed to help you grow and protect your wealth, providing options that are not available to regular banking customers. Our team of investment experts will work with you to identify and capitalize on these opportunities, ensuring your portfolio is aligned with your financial goals.
Preferential Rates
As a Sadara Elite customer, you benefit from preferential rates on bank charges. This includes lower fees on various banking transactions and services, ensuring you get the most value out of your banking experience. These preferential rates help you save money and make your banking more cost-effective.
Special Services
Sadara Elite offers a range of special services to enhance your lifestyle. Enjoy airport lounge access, providing comfort and convenience during your travels, and chauffeur services, ensuring you travel in style and comfort. These exclusive services are designed to make your life easier and more enjoyable, reflecting the premium nature of Sadara Elite.
Sadara Elite is NBO’s premier wealth management service, offering personalized attention, flexible banking options, exclusive investment opportunities, preferential rates, and a suite of special services. This account is designed to meet the needs of high-net-worth individuals who seek a superior banking experience.
Savings Account
NBO’s Savings Account is designed to help customers manage their money with ease, whether they save a little each month or a larger amount periodically. This account offers a range of features tailored to meet your diverse financial needs, ensuring that saving is both convenient and rewarding.
Interest and Non-Interest Accounts
One of the key features of NBO’s Savings Account is the option to choose between interest and non-interest accounts. This flexibility allows you to select the type of account that best aligns with your financial goals. Interest-bearing accounts help your savings grow over time, providing a steady return on your deposits, while non-interest accounts may suit those who prefer to keep their savings without earning interest.
Same-Day Issuance Debit Card
With NBO’s Savings Account, you receive a debit card with same-day issuance. This ensures you have immediate access to your funds, allowing you to make purchases, withdraw cash, and manage your finances conveniently. The prompt issuance of the debit card means you can start using your account benefits right away.
Multiple Currency Options
The Savings Account offers the flexibility to maintain your account in multiple currencies. Whether you need to save in Omani Rials, US Dollars, or other currencies, this feature allows you to manage your savings in the currency that best suits your financial planning. This is particularly beneficial for those dealing with international transactions or saving for overseas expenses.
Convenient Management
Managing your Savings Account is made easy through NBO’s 24-hour call center and digital banking network. You can access your account information, transfer funds, and monitor your savings at any time, from anywhere.
This round-the-clock accessibility ensures that you can manage your money efficiently, whether you prefer to handle your banking needs over the phone or through our user-friendly online and mobile banking platforms.
NBO’s Savings Account is designed to provide a flexible and convenient way to manage your savings. With options for interest and non-interest accounts, same-day issuance of a debit card, multiple currency maintenance, and easy account management through a 24-hour call center and digital banking, this account meets all your savings needs.
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Super Saver Account
The Super Saver Account offers a new way to maximize your savings, combining attractive interest rates with flexible banking options. This account is designed to help you grow your savings efficiently while providing easy and convenient access to your money.
Attractive Interest Rates
With the Super Saver Account, you can earn an interest rate of 0.5% per annum on daily balances. This competitive rate ensures that your savings grow steadily over time.
Additionally, during promotional periods, customers can earn up to five times the normal interest rate, significantly enhancing your savings potential. These promotions provide an excellent opportunity to maximize your returns and make the most of your savings.
Convenient Banking Options
The Super Saver Account offers a range of convenient banking options to suit your lifestyle. You can manage your account easily through NBO’s digital banking network, ensuring you have access to your funds whenever you need them.
Whether you prefer online banking, mobile apps, or visiting a branch, our services are designed to provide you with the flexibility and convenience you need.
Easy Access
Having easy access to your money is crucial, and the Super Saver Account ensures you can reach your funds without any hassle. With a debit card linked to your account, you have 24/7 access to your money, whether you are at home or traveling abroad.
This debit card allows you to make purchases, withdraw cash, and perform various transactions effortlessly, ensuring your money is always within reach.
The Super Saver Account is an excellent choice for those looking to grow their savings with competitive interest rates and flexible access. With features like a 0.5% per annum interest rate on daily balances, the potential to earn up to five times the normal interest during promotional periods, convenient banking options, and 24/7 access with a debit card, this account offers everything you need to maximize your savings.
National Bank of Oman Credit Cards
NBO offers a range of credit cards with unmatched benefits, designed to cater to various lifestyle and spending needs. Whether you seek premium services or everyday convenience, our credit card lineup has something for everyone. The collection includes the Infinite, Signature, Platinum, and Gold credit cards, each offering unique features and advantages.
Infinite Credit Card
The Infinite Credit Card is perfect for those who desire the highest level of service and luxury. Key benefits include lounge access at airports around the world, ensuring a comfortable travel experience.
Additionally, cardholders receive medical and travel assistance, providing peace of mind wherever you go. The Infinite card also offers reward points on every purchase, which can be redeemed for a variety of products and services, along with exclusive discounts and offers tailored to your lifestyle.
Signature Credit Card
The Signature Credit Card is ideal for individuals seeking a blend of prestige and practicality. It includes benefits such as access to premium airport lounges, comprehensive travel insurance, and reward points on spending.
This card also provides various discounts and offers at select retail and dining establishments, enhancing your everyday experiences. With the Signature card, you can enjoy a world of privileges that complement your lifestyle.
Platinum Credit Card
The Platinum Credit Card offers a balanced mix of benefits and value, suitable for those who appreciate quality and convenience. Cardholders enjoy reward points on every transaction, which can be accumulated and redeemed for numerous rewards.
The Platinum card also includes medical and travel assistance, ensuring support during your travels. Additionally, you benefit from a variety of discounts and offers on dining, shopping, and entertainment, making it easier to enjoy the finer things in life.
Gold Credit Card
The Gold Credit Card is designed for those who seek reliable benefits and straightforward rewards. It provides reward points on all purchases, which can be used for a wide range of rewards.
The Gold card also offers travel assistance services and access to special discounts and offers at various partner merchants. This card is a great choice for individuals looking for a dependable credit card with essential benefits.
NBO’s range of credit cards ensures that you can find the perfect match for your lifestyle and spending habits. Whether you choose the Infinite, Signature, Platinum, or Gold credit card, you will enjoy a host of benefits designed to enhance your everyday experiences.
Personal Loans
NBO’s Personal Loans are crafted to offer a hassle-free experience, making it easier for you to achieve your financial goals. Whether you need funds for a major purchase, a special event, or to consolidate existing debts, our personal loans provide a seamless and convenient solution.
High Loan Amounts Based on Your Salary
Our personal loans offer high loan amounts that are tailored to your salary, ensuring you have access to the funds you need. This feature allows you to borrow a substantial amount based on your income, providing the financial support necessary for various purposes, from home renovations to education expenses.
Doorstep Service for Application
To make the loan application process as convenient as possible, NBO offers doorstep service. Our representatives will come to your location to assist with the application process, saving you time and effort.
This personalized service ensures that you can apply for a loan without the need to visit a branch, making it easier to get the funds you need quickly.
Easy Monthly Installments
Repaying your loan is straightforward with our easy monthly installments. We offer flexible payment terms that can be adjusted to fit your budget, ensuring that your loan repayments are manageable. This flexibility helps you maintain financial stability while paying off your loan over time.
Assistance in Transferring Loans from Other Banks
If you have existing loans with other banks, NBO provides assistance in transferring those loans. We offer competitive rates and streamlined processes to make the transfer smooth and beneficial for you. By consolidating your loans with NBO, you can take advantage of better rates and simplified repayment terms.
NBO’s Personal Loans are designed to provide you with the financial flexibility you need, combined with quick processing and personalized service. With features like high loan amounts based on your salary, doorstep service for application, easy monthly installments, and assistance in transferring loans from other banks, our personal loans offer a convenient and effective solution for your financial needs.
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Car Loans
NBO’s Car Loans provide a straightforward and affordable way to finance your vehicle purchase. Designed to make owning a car easier and more accessible, our car loans come with a range of features that ensure a hassle-free experience from start to finish.
Low Installments
One of the key benefits of our car loans is the low installments, allowing you to spread the cost of your vehicle over an extended period without straining your budget. This makes it easier to manage your finances while enjoying the benefits of your new car.
Easy Documentation
NBO simplifies the loan application process with easy documentation requirements. We understand that your time is valuable, so we’ve streamlined the paperwork to make the process as quick and straightforward as possible. This ensures you can get your loan approved without unnecessary delays.
Competitive Rates
Our car loans come with rates starting from 4.75% per annum, making them highly competitive in the market. These attractive rates help reduce the overall cost of your loan, providing you with more savings in the long run.
Quick Approval
With NBO, you can get your car loan approved quickly, ensuring you can proceed with your vehicle purchase without long waiting periods. Our efficient processing times mean you can drive away in your new car sooner than you might expect.
Flexible Repayment Terms
Customers can enjoy the benefit of low installments spread over up to 10 years, giving you the flexibility to choose a repayment plan that suits your financial situation. This extended term ensures that your monthly payments remain manageable, making it easier to budget for other expenses.
NBO’s Car Loans offer an ideal solution for financing your vehicle with low installments, easy documentation, competitive rates starting from 4.75% per annum, quick approval, and flexible repayment terms up to 10 years.
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Takaful Elite Life Plan
The Takaful Elite Life Plan offers comprehensive financial security for your family, combining high-value life takaful cover with a range of additional benefits.
High-Value Life Takaful Cover
At the core of the Takaful Elite Life Plan is the high-value life takaful cover. This ensures that your family is financially protected, offering significant support in the event of your passing. This cover provides a lump sum payment to your beneficiaries, helping them manage expenses.
Worldwide Travel Cover
In addition to life takaful, the plan includes worldwide travel cover. This benefit provides protection and assistance no matter where you are, ensuring that you and your family are covered during your travels. From medical emergencies to trip cancellations, this travel cover offers comprehensive support, giving you peace of mind while you explore the world.
Gadget Protection
The Takaful Elite Life Plan also includes gadget protection, covering your valuable electronic devices. Whether it’s a smartphone, tablet, or laptop, this feature ensures that your gadgets are protected against damage or loss.
Women’s Cancer Cover
An important feature of the plan is the lump sum payout upon diagnosis of women’s cancers. This benefit is designed to provide financial support during a critical time, helping cover medical expenses and other costs associated with cancer treatment. This focused cover underscores the plan’s commitment to supporting women’s health and well-being.
Lifestyle Benefits Following the Death of a Spouse
The plan also offers lifestyle benefits following the death of a spouse, ensuring that you receive additional support during an emotionally challenging period. These benefits are designed to help you adjust to changes in your life, providing financial assistance that can ease the burden of losing a partner.
Hassle-Free Enrollment
Enrolling in the Takaful Elite Life Plan is simple and hassle-free, with no medical examination required. This straightforward enrollment process means you can get covered quickly and easily, without the need for extensive medical tests or paperwork.
The Takaful Elite Life Plan is a comprehensive solution designed to provide financial security and support for your family. With high-value life takaful cover, worldwide travel cover, gadget protection, women’s cancer cover, and lifestyle benefits following the death of a spouse, this plan offers robust protection and peace of mind.
Himayati My Health Plus
Himayati My Health Plus is an exclusive health protection plan designed specifically for NBO accountholders, with a focus on providing comprehensive coverage for women. This plan offers a range of flexible options to ensure that you and your loved ones are protected in times of need.
Sharia Compliance
One of the key features of Himayati My Health Plus is its Sharia compliance. This ensures that the plan adheres to Islamic principles, providing you with peace of mind that your health coverage aligns with your values and beliefs.The plan structures itself to meet the ethical and moral requirements of Sharia law, making it a trustworthy option for those seeking compliant health protection.
24-Hour Worldwide Cover
Himayati My Health Plus offers 24-hour worldwide cover, ensuring that you are protected no matter where you are. This round-the-clock coverage provides assurance that you can access medical care and support anytime, anywhere. Whether you are at home or traveling abroad, you can rely on this plan to provide the necessary protection.
Lump Sum Payouts for Women’s Cancers
A significant feature of the Himayati My Health Plus plan is the provision of lump sum payouts for women’s cancers. This benefit is designed to provide financial support upon the diagnosis of specific cancers that affect women. The lump sum payment can help cover medical expenses, treatment costs, and other related expenses, providing crucial support during a challenging time.
Flexible Premium Payments
The plan also offers flexible premium payments, allowing you to choose a payment schedule that suits your financial situation. This flexibility ensures that you can maintain your coverage without straining your budget, making it easier to manage your health insurance costs effectively.
Himayati My Health Plus is an ideal health protection plan for women, offering comprehensive coverage and flexible options tailored to your needs. With features like Sharia compliance, 24-hour worldwide cover, lump sum payouts for women’s cancers, and flexible premium payments, this plan provides robust protection and peace of mind.
I’m Adam, and I offer a global viewpoint to our team. With my background in credit cards and personal loans, I’ve helped both individuals and businesses enhance their financial strategies. My approach is inclusive, making sure my advice applies to various financial situations. I aim to simplify financial planning, guiding you through the advantages and challenges of different financial products.