Middle East non-travel banking options

 HSBC OmanCommercial bank of QatarArab bank JordanHSBC KuwaitSCB Bahrain
Our recommendation in order of preference12345
Healy Consultants PLC feesUS$4,950US$4,950US$4,950US$4,950US$4,950
Does our Client need to visit the bank?NoNoNoNoNo
Healy Consultants has bank acc in this bank?NoNoNoNoNo
Foreign signatory be appointed without local visa?YesYesYesYesYes
Daily funds transfers transaction limit? (US$)No15,00070,500NoNo
Initial deposit corporate bank account? (US$)52028,0003006,50025,000
Minimum monthly balance to maintain? (US$)52028,0002806,5004,000
Bank account opening fee?NoNoNoNoNo
Multi-currency corporate bank account?YesNoNoYesNo
Monthly bank account maintenance fees?NoneNoneNoneNoneNone
Fall-below minimum balance fees? (US$)13633327
Bank charges per funds transfer outwards? (US$)5- 1070.25%220
Bank charges per funds transfer inwards? (US$)5140.2%, max 76.5None
How long to receive bank account number?4 weeks4 weeks4 weeks4 weeks4 weeks
How long to receive password and login?2 weeks2 weeks3 weeks2 weeks2 weeks
US$ corporate visa debit cards?YesYesYesYesYes
Local currency corporate visa debit card?YesYesYesYesYes
Funds repatriation limits (currency controls)?NoNoNoNoNo
How big is this bank within this country?Top 5Top 5Top 3Top 15Top 15
Regulated by which Government body?CBOQCBCBJCBKCBB
Country credit rating by Moody's?Baa1Aa2B1Aa2A1
Bank credit rating by Moody's/Fitch?A1A2Ba2A1Ba2
Our rating of the bank's customer service?HighModeratePoorHighHigh
Dedicated relationship manager?YesYesYesYesYes
Our rating of local currency internet banking?HighModerateModerateHighHigh
Internet banking in English available?YesYesYesYesYes
Monthly e-statements email to you?YesYesYesYesYes
Funds transfer SMS alerts sent to your cell phone?YesNoYesYesYes
Funds transfer email alerts sent to you?YesYesNoYesYes
Corporate ATM card?NoYesYesNoNo
US$ funds transfers to third parties allowed?YesYesYesYesYes
Healy Consultants has bank ac in this bank?NoNoNoNoNo
Read more about corporate bank account?Click linkClick linkClick linkClick linkClick link
International branch locations?Click linkClick linkClick linkClick linkClick link
Your dedicated bank officer name will be?xxxxxxxxxx
Bank officer direct telephone number?xxxxxxxxxx
Email instructions to banker allowed?YesYesYesYesYes
Fax instructions to banker allowed?NoYesNoNoNo
Telephone instructions to banker allowed?YesYesYesYesYes

Contact us

For additional information on our Middle East company formation services, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi