MUSCAT – In emphasis of its customer-centric vision and commitment to enhancing financial inclusion through the delivery of various Banking services that cater the needs of all segments of the society, Bank Muscat, the leading financial services provider in the Sultanate of Oman, remains committed to consistently providing the best services and products to children of different age groups and which feature multiple distinguished advantages helping them achieve their financial needs. Bank Muscat children saving accounts targeting different age groups constitute an excellent opportunity for customers to enhance their financial awareness and be encouraged to embark on regular saving practices at an early stage of life for a financially secure future.
As part of its endeavor to make the services of opening children saving accounts accessible to customers, Bank Muscat has partnered with Lulu Hypermarket Oman, one of the biggest retail chains, by allocating specific Kiosks in various LuLu Hypermarket locations across the Sultanate. This partnership came with the aim to serve the community and allow them to enjoy the various facilities offered across the Lulu Hypermarket locations all over the Sultanate on all days of the week, from 5 p.m. to 9 p.m., until 30th September 2023. Therefore, customers are able to benefit from account opening services in the LuLu Hypermarket at Maabela North, Mall of Muscat, Oman Avenues Mall, Al Amerat, Al Khaboura, Barka, Al Suwaiq, Al Rustaq, Ibri, Al Buraimi, Nizwa, Salalah, Salalah Grand Mall, Sohar, Sur and Ibra. Bank Muscat customers may also opt to request for opening children accounts online through the Internet Banking services and mBanking App.
In line with Bank Muscat’s commitment to its vision “To serve you better, everyday” and to enhancing convenience and easy access for customers, the Bank has recently announced extra working hours at a number of 42 select branches across the Sultanate until 30th September, from 3 pm to 6 pm, from Sunday to Thursday, to allow customers to open children account seamlessly. The working hours are extended at the branches in Al Mahaj Al Amerat, Madinat Al Nahda, Al Khoudh, Muscat City Centre, Qurum, Maabela, Maabela Industrial, Oman Avenues Mall, Jibroo, Seeb, Azaiba Round About, Al Wadi Al Kabir, Al Hail, Markaz Al Bahja, Bausher, Quriyat, Al Kamil, Jaalan Bani Bu Ali, Sur Al Afiah, Sinaw, Bidiya, Ibra, Musanna, Al Washil- Rustaq, Barka Souq, Al Bidaya, Bat’ha Hilal- Suwaiq, Tharmad, Saham Corniche, Shinas, Falaj Al Qabail, Sohar, Al Khaboura, Dereez, Izki, Firq, Samail, Bahla Souq, Ibri Jubail, Salalah 23rd July Street, Taqa, and Al Buraimi- Main Road.
Parents may take advantage of this opportunity by visiting the nearest branch or sending an email to the relevant email address ([email protected]) attaching the required documents for opening children accounts. Further to that, customers may follow the steps illustrated on the website https://bm.click/AACA for opening the saving account specified.
Bank Muscat’s children accounts of different age groups feature multiple advantages. For children under 13 years old, Bank Muscat offers the children’s saving account to meet the needs of this age group and help them practice healthy saving habits. The account features benefits such as free life insurance, no minimum balance fee, and the guardian’s view of the child’s account through the mBanking App. For children aged 13-17 years old, Bank Muscat offers the “Floosi” account with a personalized debit card thereby customers may initiate transactions with a limit of OMR 50 per day and a cumulative limit of OMR 200 per month inclusively for Point of Sale (PoS), E-commerce transactions, and ATM withdrawals. Catering the diverse needs of the children customers of this age group, Bank Muscat “Floosi” savings account features different advantages including life insurance coverage, parents’ ability to operate and control their children accounts through the Bank’s mBanking App, and no minimum balance fee.
To familiarise themselves with the requirements necessary for opening children’s saving accounts and to obtain further details about this service, customers may visit our respective page on https://www.bankmuscat.com/en/accounts/Pages/Children-Accounts.aspx