Escrow Account

Take the lead in real estate development projects

Preferential rates
Competitive Pricing
Extensive distribution network
Dedicated account relationship manager
Faster account opening

At BankDhofar, we believe that our growth is in your success. Corporate Liabilities is a customer-centric department that prioritizes creating exceptional customer experiences for both existing and potential customers. Our main goal is to establish sustainable and long-term relationships based on strong connections and trust.

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Frequently Asked Questions

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The following services are available when you open a BankDhofar Escrow Account:

Opening of Current, Saving, Non-resident, Offshore and Escrow Accounts for Real Estate Developments / Integrated Tourism Projects
Business Debit and Credit Cards
Corporate Internet Banking
Point-of-Sale services (including ‘Soft’ POS)
E-commerce/ Payment Gateway
B2B solution
Remote Cheques Capture & Deposit (RCCD)
E-statements and SMS notification.

Established within 2 working days, provided that all necessary account opening documents are valid and meet the mandatory Know Your Customer (KYC) criteria.
Dedicated Account Relationship Manager (ARM) is assigned to the corporate customer to handle all banking needs from initial discussions to account opening and beyond.
The ARM serves as an advisor to the corporate client, ensuring that their business interests and the bank's interests are at the forefront of the relationship.
The ARM provides guidance and support to the customer throughout the account opening process and assists with any other requirements.
The ARM is available to address customer needs even beyond working hours.
Offers the opportunity for the bank's customers to register as approved vendors, creating mutually beneficial deals for both the customer and the bank's external and/or internal customers (staff).

The documentation required for account opening varies depending on the type of legal entity. For example, if it is a Single Proprietorship Company (SPC), the requirements may differ slightly from those of a Limited Liability Company (LLC), SAOC, or SAOG. Similarly, resident entities will have different requirements compared to non-resident or offshore entities, where factors such as risk classification and account objectives determine the necessary documentation. Regardless of the entity's residency status, our goal is to open accounts within 2 working days.

Once a customer expresses interest in opening an account, a checklist will be provided to them. Additionally, checklists for specific products and services will be shared as and when required.

Application can be submitted to Corporate Center Branch in Al Athaiba, Muscat.

If you have a query, please contact

Ms. Lula Al Araimi at l.alaraimi@bankdhofar.com or +968 9548 4342, or

Ms. Samira Al Mahrouqi at s.almahrouqi@bankdhofar.com or +968 9777 2726.

The Tariffs and Charges associated with the BankDhofar Escrow Account will be discussed with the customer during the first meeting.