Traditional Providers
Open an Omani Rial Business Account
Open an OMR business account and operate across Oman with confidence. Hold, send, and receive OMR via SWIFT for international transfers. Manage your OMR balances with clear control over every transaction.
Reduce FX friction and simplify international transfers
Unique account details in your company’s name
Access SWIFT network for OMR payments
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Omani Rial
Currency name
OMR
ISO code
ر.ع.
Currency symbol
What’s Included with Your Omani Rial Business Account
An OMR business account embeds your operations in OMR workflows, improves acceptance with OMR-preferring counterparties, and lets treasury choose when to convert, not the payment route.
Key Benefits
Hold and operate in OMR: receive, store, allocate, and pay in Omani Rial without forced, ad-hoc conversions.
Global reach via SWIFT: accept OMR from international partners and pay Omani-based vendors through cross-border rails.
FX control: time OMR conversions to market conditions using market orders and desk support to protect operating margins.
Unified platform with role-based permissions, approvals, and audit trails for controlled, auditable operations.
The Risk of Not Having an Omani Rial Business Account
Relying on foreign-currency accounts and one-off wires for Omani activity increases cost, delay, and uncertainty.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer OMR transfers to domestic accounts.
Compliance hurdles:
Paying taxes and payroll without OMR can be challenging.
Who We Serve
Our OMR Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies expanding into Oman to established global organisations managing complex operations.
Global Corporates
Centralise OMR receivables, fund suppliers and payroll, and align OMR costs with OMR revenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in OMR with role-based approvals and clear audit trails.
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Private Equity
Efficient OMR flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet OMR management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open an Omani Rial Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
We review your structure, directors, UBOs, and OMR flows to confirm feasibility and align the account with your treasury needs.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
OMR account in your company’s name with unique IBAN and BIC.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Omani Rial Business Account - FAQs
Opening an OMR account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.