BankDhofar has launched the Basic Savings Account for the Wage Protection System, a new banking product specifically designed for employees earning a monthly salary of $911 (OMR 350) or less.
This new product reflects BankDhofar’s commitment to providing accessible financial products that cater to the diverse needs of various segments of society and support the integration of individuals into the banking system in the Sultanate of Oman.
The new product intends to facilitate access to safe and reliable banking services for both citizens and residents, and to provide a financial environment that ensures the speed and ease of conducting daily transactions.
In turn, this enhances financial stability and contributes to the development of the electronic payment system in the Sultanate of Oman.
The new account also offers a range of features that align with customer needs, providing them with an efficient banking experience. These include no minimum balance requirement, giving customers complete flexibility in managing their money without any obligations, and no-account closure fees, providing a convenient banking experience free from additional financial burdens.
In addition, customers will receive a free national payment card, ‘Maal,’ upon opening the account. The card is dedicated to use within the Sultanate of Oman and allows customers to conduct daily transactions easily and securely.
Customers can also benefit from digital banking services through the BankDhofar mobile app and online banking, including 24×7 account viewing and transaction management.
Those wishing to open a Basic Savings Account can visit any of BankDhofar’s more than 145 branches located throughout the Sultanate of Oman. Bank staff will complete the simplified Know Your Customer (KYC) process and assist with filling out the account opening form.
