Constantly innovating to cater to the changing needs and demands of its elite clientele, Sohar International has remained a preferred choice in the Sultanate. With an increasing base of entrepreneurs in the Sultanate, Sohar International has introduced an enhanced proposition, ‘Sohar | Business Account’ to cater to such business-owner customers. The Bank has launched the account with a new direction, fresh strategies and a unique outlook to ensure an efficient, quick and seamless approach to servicing these customers, in order to address their varying banking requirements. The Sohar Business Account option will be available for companies that fall under the sole ownership category or the partnership category, and will have a number of special privileges for the account holders.

“With a deep understanding of the various businesses day-to-day banking requirements, the Sohar Business Account will undertake a more efficient approach to servicing customers in this category and assist them with their requirements. At Sohar International, we constantly refine and realign our account types to suit our long-term strategies. This has ultimately always proved beneficial to our customers, and serves as a testament to the bank’s efforts towards premium client servicing” said Mr. Khalil Salim Al Hedaifi, Chief Retail Banking Officer at Sohar International. “Meeting the specific needs of customers who own a business, Sohar Business Account supports their enterprises with services including the ease of availing credit and access to a variety of fund management options. We believe that by doing so, it takes off a major operational stress from their minds, thereby also contributing to the national economy, by helping them focus on increasing their production capacity.”

The Sohar Business Account offer a slab based call account with interest rate of up to 2% p.a.  Bringing together the flexibility of a current account and the interest potential of a savings account, customers can opt for a call account which can be easily opened in the name of the establishment on the basis of current account documents already provided.

The thoughtfully created Business Account also has several advantages for cash transactions. It ensures there are no restrictions on the number of cash deposits and withdrawals, allowing 24/7 cash deposits through Cash Deposit Machines.

To ensure that the basic operations of a business flow seamlessly, the payments and remittances feature enables bulk payment facility through Internet Banking, RTGS and ACH and also offers free of charge standing instructions for bill payments like water, electricity, telephone and the like, as well as local fund transfers. In fact, accounts with a minimum average balance of RO 2,000 (or its equivalent in foreign currency) are also eligible for personalized cheque books with the name and logo of the establishment printed on them.

As part of the Employee Payroll Services, all Employee Salary Accounts have the advantage of a zero-balance savings account facility with no account maintenance charges. This feature is being offered by the bank for a limited period until December 31, 2021 Salaries can be disbursed through various channels which include standing instructions, direct account debit and bulk payment via the e-Banking platform. Employees also get special employee remittances services and credit cards.

Furthermore, the Sohar Business Account has a host of special privileges on their debit and pre-loaded cards, offering global acceptability, and usage for e-payment in all Ministries. With a keen focus on security, all Sohar International cards are equipped with the latest chip technology and have additional security for internet transactions (Verified by Visa).  With the rise in the preference for digital payments, the account also offers hassle-free internet banking for the convenience of its customers. All its operations are supported with 24/7 technical assistance and ensure secure online merchant portals with multiple users and passwords.

Built on strong values of customer-centricity, Sohar International has proved itself as a leader in its sector by helping its customers, the community and the people to prosper, grow and achieve personal and professional milestones. By continuously enhancing its product and service portfolio, it seeks to support local businesses and contribute to the socio-economic goals of the country. Through various such initiatives, Sohar International believes in making banking a winning journey for the people of Oman.