Bank Account

ATM card, internet banking and transfers are offered by literally every bank here.

I don't know what you mean by coverage but I assume you mean branch availability?   if so, I think the local banks would have an advantage here e.g. BBK.  However, there is hardly ever a need to go to the branch in this day and age unless you need something specific.

Overall customer service as far as banks are concerned is lacking in the Middle East. It is hit and miss.  Generally the international banks are a bit better but not by much.

Personally, I prefer HSBC as you can link your accounts around the world and do instant transfers of funds. The exchange rate is not that great but it is convenient.

Another vote for HSBC

XTang wrote:

ATM card, internet banking and transfers are offered by literally every bank here.

I don't know what you mean by coverage but I assume you mean branch availability?   if so, I think the local banks would have an advantage here e.g. BBK.  However, there is hardly ever a need to go to the branch in this day and age unless you need something specific.

Overall customer service as far as banks are concerned is lacking in the Middle East. It is hit and miss.  Generally the international banks are a bit better but not by much.

Personally, I prefer HSBC as you can link your accounts around the world and do instant transfers of funds. The exchange rate is not that great but it is convenient.

Thank you for reply XTang, yes by 'coverage' I meant the availability of branches and ATM. As ATM withdrawal can be done from any other bank's ATM also, and we need to visit branch rarely these days that condition can be overlooked though. Thanks again.

Another thing, how frequently one has to encounter a situation where he needs to give the Cheque? as they are not giving cheque books normally with basic accounts. I don't think as of now I may require cheque, but do you think it is needed?

Cheques are sometimes required for prepayment of rents

Robsut2018 wrote:

Cheques are sometimes required for prepayment of rents

Thanks for your response. But as my current landlord accepts payment in cash or direct bank transfer, it should no be issue for me. Anything else in particular where Cheque will be necessary?

My experience with BBK over the past 1 year is really good.

Net banking and ATM card facility is standard. Cheque books however are offered only for current accounts I guess.

Overseas money remittance would prefer to go through exchanges as they give the best rates.