a contract between a customer and a bank whereby the bank obliges itself to honour cheques up to the amount deposited with the bank or up to an agreed overdraft limit. The overdraft is effectively a loan.
"Commercial Bank encourages everyone to save - regardless of age, background, status and nationality -- but we particularly encourage Qatari nationals to open deposit accounts during the dividend distribution season to make the most of this opportunity to make a headstart on their savings goals."
"As for the associations and the other legal establishments, they should submit registration documents from the respective authority, a formal approval for opening the deposit account and forms for the authorised signatories who are requested to submit a copy of their ID cards, for the Omanis, and a copy of their residence cards or passports for the expatriates." Muna explained.
"We are proud to present our latest NRI dual deposit account that gives the customers' and their family in Bahrain and India much more flexibility in managing their finances."