Middle East non-travel banking options in 2024
Since 2003, Healy Consultants Group opens corporate bank accounts in every country on the planet, without travel.
| HSBC Oman | Commercial bank of Qatar | Arab bank Jordan | HSBC Kuwait | SCB Bahrain | |
|---|---|---|---|---|---|
| Our recommendation in order of preference | 1 | 2 | 3 | 4 | 5 |
| Healy Consultants fees | US$4,950 | US$4,950 | US$4,950 | US$4,950 | US$4,950 |
| Does our Client need to visit the bank? | No | No | No | No | No |
| Healy Consultants has bank acc in this bank? | No | No | No | No | No |
| Foreign signatory be appointed without local visa? | Yes | Yes | Yes | Yes | Yes |
| Daily funds transfers transaction limit? (US$) | No | 15,000 | 70,500 | No | No |
| Initial deposit corporate bank account? (US$) | 520 | 28,000 | 300 | 6,500 | 25,000 |
| Minimum monthly balance to maintain? (US$) | 520 | 28,000 | 280 | 6,500 | 4,000 |
| Bank account opening fee? | No | No | No | No | No |
| Multi-currency corporate bank account? | Yes | No | No | Yes | No |
| Monthly bank account maintenance fees? | None | None | None | None | None |
| Fall-below minimum balance fees? (US$) | 13 | 6 | 3 | 33 | 27 |
| Bank charges per funds transfer outwards? (US$) | 5- 10 | 7 | 0.25% | 2 | 20 |
| Bank charges per funds transfer inwards? (US$) | 5 | 14 | 0.2%, max 7 | 6.5 | None |
| How long to receive bank account number? | 4 weeks | 4 weeks | 4 weeks | 4 weeks | 4 weeks |
| How long to receive password and login? | 2 weeks | 2 weeks | 3 weeks | 2 weeks | 2 weeks |
| US$ corporate visa debit cards? | Yes | Yes | Yes | Yes | Yes |
| Local currency corporate visa debit card? | Yes | Yes | Yes | Yes | Yes |
| Funds repatriation limits (currency controls)? | No | No | No | No | No |
| How big is this bank within this country? | Top 5 | Top 5 | Top 3 | Top 15 | Top 15 |
| Regulated by which Government body? | CBO | QCB | CBJ | CBK | CBB |
| Country credit rating by Moody's? | Baa1 | Aa2 | B1 | Aa2 | A1 |
| Bank credit rating by Moody's/Fitch? | A1 | A2 | Ba2 | A1 | Ba2 |
| Our rating of the bank's customer service? | High | Moderate | Poor | High | High |
| Dedicated relationship manager? | Yes | Yes | Yes | Yes | Yes |
| Our rating of local currency internet banking? | High | Moderate | Moderate | High | High |
| Internet banking in English available? | Yes | Yes | Yes | Yes | Yes |
| Monthly e-statements email to you? | Yes | Yes | Yes | Yes | Yes |
| Funds transfer SMS alerts sent to your cell phone? | Yes | No | Yes | Yes | Yes |
| Funds transfer email alerts sent to you? | Yes | Yes | No | Yes | Yes |
| Corporate ATM card? | No | Yes | Yes | No | No |
| US$ funds transfers to third parties allowed? | Yes | Yes | Yes | Yes | Yes |
| Healy Consultants has bank ac in this bank? | No | No | No | No | No |
| Read more about corporate bank account? | Click link | Click link | Click link | Click link | Click link |
| International branch locations? | Click link | Click link | Click link | Click link | Click link |
| Your dedicated bank officer name will be? | xx | xx | xx | xx | xx |
| Bank officer direct telephone number? | xx | xx | xx | xx | xx |
| Email instructions to banker allowed? | Yes | Yes | Yes | Yes | Yes |
| Fax instructions to banker allowed? | No | Yes | No | No | No |
| Telephone instructions to banker allowed? | Yes | Yes | Yes | Yes | Yes |
