Tariff Card

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Product Description Sohar Islamic
charges OMR
1. CURRENT ACCOUNT Minimum Balance Requirement 100
Non-maintenance of minimum monthly balance 0.500 Bz.
per month
Dormant/Unclaimed balance below OMR 100 2.000
per Year
Cheque book -10 leaves
(from second chequebook onwards)
1
Cheque book -25 leaves
(from second chequebook onwards)
2
Cheque book -50 leaves
(from second chequebook onwards)
3
cheque return - Financial Reasons insufficient funds 15
cheque return - Non-Financial Reasons N/A
Photocopy of paid cheque -up to 1year 1
Photocopy of paid cheque -over 1year 2
Stop payment instruction 5
Account closed within 1 year of opening Free
Account closed after 1 year of opening Free
Counter Chq N/A
2. SAVINGS ACCOUNT Withdrawal slip charges
Minimum Balance Requirement
Free
0
Non-maintenance of minimum monthly balance Free
Account closed within 1 year of opening Free
Account closed after 1 year of opening Free
Dormant/unclaimed balance below OMR 100 Free
Withdrawal against clearing balance Not Allowed
Pre-closure of Fixed Deposit Rate will applied as per Mudarabh Terms & Conditions
3. ATM FACILITY Annual Membership Fee 1
New Card 1
Supplementary Card 1
Re-Issue of PIN code for Debit & Credit Cards 1
Debit cards card replacement / duplicate card 2
Cash withdrawal at Bank Sohar & Sohar Islamic ATM Nil
Cash withdrawal at other bank’s ATMs within Oman using (OmanNet) 0.100 Bz. per transaction
Cash withdrawal at other bank’s ATMs outside Oman but within GCC using (GCC Net) 0.800 Bz.
Cash withdrawal at all other bank’s ATMs using (Visa Net or Maestro) internationally 2
4. GENERAL CHARGES Account balance certificate 2
No Liability Certificate 2
Balance confirmation to auditor 2
Special Clearing 10
Balance Enquiry – OmanNet 0.050 Bz
Balance Enquiry – GCCNet 0.300 Bz
Mini Statement – OmanNet 0.050 Bz
Account to Account Transfer (Sender) – OmanNet 0.200 Bz
Account to Account Transfer (Receiver) – OmanNet 0.050 Bz
POS Transaction – Oman Net & GCCNet Free
Receipt copy request fee ( on invalid disputes only) RO.10
Foreign Transaction Fees (apply for all transactions made in currencies other than RO) 2.5% of transaction amount
For Financing Post Dated Cheques (PDC) Free
Standing Instructions / Internal Free
Standing Instructions / External 2
Standing instruction cancelation 2
Unsuccessful Standing instructions for insufficient funds 2
Account statements send by post
Semi annually Free
Monthly Free for corporate customer
Weekly N/A
Daily N/A
Account Statements (duplicate statements issued at the request of customer)
Up to past 6 months 1
Up to 6 months to 1 year 3
1year and above 5
5. INWARD REMITTANCES OMR credit to accounts with other banks 5
Foreign Currency (FCY) remittances credit in OMR to accounts with other banks 5
Foreign Currency (FCY) remittances credit in Foreign Currency (FCY) to accounts with the bank Nil
Foreign Currency (FCY) remittances credit in Foreign Currency (FCY) to accounts with other banks 0.5% with maximum of 5 Omani Rials per transaction
6. OUTWARD REMITTANCES Demand Draft (DD) / Bankers Cheque Issuance 1
Demand Draft (DD) – Foreign Currency (FCY) (AED,AUD,BHD,CAD,CHF,DKK,EUR,GBP,INR,JOD,JPY,KWD,LKR, NOK, QAR,SAR,SEK, SGD,THB, USD) 1
Transfer ACH 1
Transfer RTGS 4.25
Telegraphic Transfer (TT) to Other Countries 5
Stop Payment Demand Draft (DD) / Telegraphic Transfer (TT) 5
Demand Draft (DD) / Telegraphic Transfer (TT) cancellation charge FCY drafts cancellation at Bank's buying rate on the cancellation date or the original selling rate whichever is lower + charge of 5 Omani Rials
7. OUTWARD CHEQUE FOR COLLECTION Local Currency (LCY) cheques Free
Foreign Currency (FCY) cheques 1.5% with a maximum of USD 30 and Minimum of USD 25 per Transaction + actual postage expense
Foreign Currency (FCY) cheques return 5
Fate inquiry by Telex 5
10. RETAIL FINANCE FACILITIES - Auto Finance Processing Fee 25
Early Settlement Upto 1% on prepaid / foreclosed amount
Valuation (Used Car) As per actual
Late Payment Charges Max 1% on overdues for overdue period
House Finance Processing Fee 50
Valuation Fee As per actual
Consultant & Contractor Registration Fee 25
Consultant & Contractor Renewal Fee annual 15
Property Registration & Other Charges As per actual