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.