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National Bank of Oman review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

National Bank of Oman suits expats and business owners in Oman who want a branch relationship and cheap day to day banking. The easy access savings account charges a monthly fee of OMR 0.0053 and pays a variable rate of 0.1% to 3.25%, and the bank has operated since 1973.

Key facts

Best for
Anyone in Oman who wants branch access, low holding costs and instant transfers abroad.
Monthly fee
OMR 0.00525↗
Currencies
5↗
Local account details
IBAN↗
Transfer fee
Free local transfer for two transactions per month (digital account)↗
Legal entity
National Bank of Oman SAOG↗
Headquarters
Oman↗
Founded
1973↗
Support channels
Email, Phone, Help-centre↗
Audience
Expats, Business
Official website
nbo.om

Savings

Headline rate
0.1% to 3.25%↗
Rate type
Variable↗
Minimum deposit
OMR 5↗
Access terms
Easy access: unlimited deposits and withdrawals per day across branches; ATM withdrawal limit 750-2000↗
Account kind
Easy access↗

Money transfer

Delivery time
Instant↗
Payout methods
Bank↗
Fee to send 1,000
OMR 2 to OMR 5↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
Xyoutube.com

Pros and cons

Pros

  • Unlimited deposits and withdrawals per day across branches on an easy access account.
  • A monthly fee of OMR 0.0053 keeps the cost of holding savings small.
  • Local account details include an IBAN (iban), so domestic payments are easy to receive.
  • Savings start from a OMR 5 minimum deposit with a variable rate.

Cons

  • Interest of 0.1% to 3.25% is modest next to what other providers pay on savings.
  • Currency coverage of 5 trails PayPal Colombia at 24 and Skrill at 47.
  • Support runs on email, phone and help centre only, with no listed chat channel.
National Bank of Oman

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Scored 9.4 / 10 by VaultCue.

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Who it suits

  • Expats and business owners, the audiences the bank names for its current account (expats and business).
  • People who handle money through branches and ATMs, since the access terms allow unlimited daily deposits and withdrawals.
  • Savers starting small, given a OMR 5 minimum deposit.

Who should look elsewhere

  • Skrill, if holding many currencies matters more than a local account, with 47 currencies there.
  • Paysera, if your income and spending span several currencies, with 30 supported.
  • PayPal Colombia, if you mainly need to pay and be paid online rather than hold a bank account, with 24 currencies.

How National Bank of Oman compares

Where National Bank of Oman is available

Available
Oman, United Arab Emirates
Licence in Oman
Central Bank of Oman (CBO), checked September 26, 2026
Licence in Oman
Financial Services Authority (FSA), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the savings account cost each month?+

The easy-access savings account charges a monthly fee of OMR 0.0053, low beside the highest monthly charges on the site at €449. Deposits and withdrawals are unlimited per day across branches, and the account kind is easy access with a minimum deposit of OMR 5.

What rate does the savings account pay?+

Interest runs from 0.1% to 3.25%, and the rate type is variable, so the return moves with the bank's own pricing. The account is easy access, which suits people who want to hold money without locking it away. Savings rates across the site reach 105% at the top end.

Who regulates the bank?+

National Bank of Oman is listed under the Central Bank of Oman and the Financial Services Authority, both in Oman. The legal entity behind the brand is National Bank of Oman SAOG, and the bank is headquartered in Oman. Protection terms for deposits sit with the bank's own disclosures, so read them alongside your account terms.

How fast and how costly are international transfers?+

International transfers land Instant and pay out to bank, with charges of OMR 2 to OMR 5 for the transfer, which suits receiving money from clients abroad. Locally, transfers are free for a limited number of transactions each month on the digital account.

What support can I reach?+

Support runs on email, phone and help centre only, which covers phone, email and a help centre rather than live chat. Questions about the mobile banking app come through the same channels, and the free local transfer allowance applies on the digital account.

How many currencies can I hold?+

The account covers 5 currencies, enough for common cross-border work but narrow next to specialists. PayPal Colombia covers 24, Skrill 47 and Paysera 30, so a wider currency list may matter more to you than branch access.

Who is the account aimed at?+

The bank lists expats and business as the audiences for its current account, so the service is built around expats and business owners. The easy-access savings side, with unlimited branch withdrawals and a OMR 5 minimum deposit, also suits smaller savers who want cash access.

Can I withdraw cash as often as I like?+

Withdrawals are unlimited per day across branches, though each ATM withdrawal has a cap on the amount it covers. The account kind is easy access, and support can confirm the limit for your account through email, phone and help centre.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.

Related by the facts

National Bank of Oman

National Bank of Oman

Anyone in Oman who wants branch access, low holding costs and instant transfers abroad.

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