FAQs

1. What is Bank Nizwa Youth Banking?Youth Banking

Youth Banking is specially designed for young customers between the ages of 18 and 24 years with some unique and attractive offers & benefits.

2. Who is eligible?eligible

All Omani nationals and expatriates between the ages of 18 and 24 years

3. What documents are required to open Youth Account?documents

  • Local ID (Omani Nationals)
  • GCC nationals requirements “ID and Passport”
  • Resident ID and Passport with Visa page (Expatriates)

4. What is the sharia principal used?sharia principal

Mudaraba is the Sharia principal used under Youth Account.

5. What benefits does the Youth Account carry with it?benefits

  • No minimum balance charges
  • No restriction on the number of transactions
  • Instant personalized ATM card issuance
  • Cash withdrawal and deposit over the counter
  • Cash withdrawal through Omannet ATM network
  • Profit is calculated on monthly average balance of your account on monthly basis and credited to your account quarterly
  • Standing instructions
  • Pay orders
  • Local and international remittances
  • Free Periodic account e-statements
  • unique and attractive offers
  • SMS and Email Alerts
  • Access to Alternate channels services at no additional cost.

6. Can I open Youth account in a currency other than Omani Rials?currency

Yes. You can open in Omani Rials, AED, USD, GBP & EUR.

7. What is the minimum balance required to open Youth Account?minimum balance

No Minimum balance required to open an account with Bank Nizwa

8. What will happen to my youth account after the age of 24? age

Your account type will be changed automatically to the next eligible segment. You may get more details on the other accounts segment here.

9. Whom should I contact in case of more information on youth account?age

You can contact our phone banking locally at 80070060 or (+968) 24950500 internationally or write to us at customercare@banknizwa.om or visit the nearest bank nizwa branch.