Bahrain
Banking in Bahrain
Recent forum posts
-
MMOexp Lineage 2M: Shadow and Fury – The Antharas Campaign
In the vast and dangerous world of Lineage 2M, few threats compare to the might of Antharas, the legendary Earth Dragon. As one of the game's most formidable world bosses, Antharas poses a significant challenge to even the most experienced adventurers. In Shadowstrike of the Antharas Awakening, players who favor swift, lethal attacks and tactical positioning—particularly those using Shadowstrike—c
Total Posts: 1 Last post by Lilidala
-
MMOexp Monopoly Go: Heist Strategies for Golden Peg Success
Monopoly Go by Scopely takes the classic board game to new heights with competitive mechanics, fast-paced rolls, and exciting mini-events. One of the most thrilling events in the game is the Bank Heist, and Monopoly Go Stickers when combined with the ultra-rare Golden Peg, it becomes a high-stakes opportunity for massive gains. In this gu
Total Posts: 1 Last post by Lilidala
Banking in Bahrain
There are many formalities when opening a bank account in Bahrain, including a lot of paperwork.
To be eligible to open a bank account you will need a residence visa and a 'letter of no objection' or a 'no objection certificate' (NOC) from your employer. This letter must highlight your salary to show how much will be paid into your account. Most banks will also ask for a photocopy of your passport and some banks will also ask to see your tenancy agreement to establish your residential address. You should take copies of all these documents, as well as identity photographs.
Bahrain banks offer banking services including cheque clearance, standing orders, direct debits and credit card repayments. A certain number of transactions per year are usually free, after which a charge may be issued at the discretion of the bank manager. Charges vary between banks, as in most countries, so it is best to look around to see what is offered by different banks first before opening an account.
Current accounts pay little or no interest and, if they do, you must usually have a substantial balance to qualify. Therefore a savings or deposit account is the best option for surplus funds.
Transactions are usually made with cash in Bahrain as most people are suspicious of cheques. Most current accounts therefore are not cheque accounts.
Organisations that can assist with Banking
-
> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.
