½ûÂþÌìÌÃ

Menu
½ûÂþÌìÌÃ

What is your experience with your bank?

Post new topic

boxdeluxe

Dear expats,

I will be opening a bank account soon.

Use:
only to pay daily bills and monthly rent, most of my income will be transferred back to my Bank in Europe.

I would like to know what bank would you advise for such use?

Also please give me your feedback regarding the bank you had and have.

Thanks :)

See also

Opening a bank account in Bahrainpaying loan outside bahrainMONEY CHANGER AT DXB AIRPORT (DINAR TO DIRHAM)Cancelled visa. Want to leave Bahrain + pay bills outside the countryWithdrawing cash from an ATM while on a visa...no CPR, etc
XTang

Well it really depends on what you want.

If you already have an HSBC / Citi or Standard chartered account in Europe and want instant transfers through their Global link services; then choose these ones.  Open a Euro account as well with them, convert and deposit BHD into Euro account and transfer instantly.

Service wise it depends.   I may not be a representative customer as I have HSBC Premier, CitiGold and SCB priority banking accounts.  So this means that I have my own relationship manager in each bank and only interact with the bank through him / her or through visiting them in their dedicated lounges.  So I get much higher service than a normal customer.  However, among all of them, even at this level, I would rate HSBC higher than the other two.

boxdeluxe

Interesting.
I will not use the bank as we do in Europe for loans etc. Only for a support to receive the salary and paying the rent. The main will be sent in Europe so the idea is to pay an account (with card) as low as possible and transfer the rest.

XTang

Then get any account with literally any bank; all of them support chequebooks, cards, credit cards, online banking etc.  Look into BBK or Ithmaar.  And use one of the exchanges e.g. UAE exchange for transfer of BHD to Euro at the best possible rates - bank rates will not be as good.

boxdeluxe

Thank you XTang :)
Regarding the transfer, I was thinking to use TransferWise, as the cost is very low.
What do you think?

XTang

Compare with the exchanges as well.

veeraj.john

I Will not suggest BBK any time. They are very slow in their processes. Loans are not at all a easy process. They basically don't care about customers.

Citibank is good for me. But they come with higher Interest rates. Service wise, they are very good.

Not used any services from other banks.

Articles to help you in your expat project in Manama

  • Accommodation in Manama
    Accommodation in Manama

    Manama, Bahrain's vibrant capital, offers a variety of housing options to suit different lifestyles and ...

  • Working in Manama
    Working in Manama

    It is obvious that the capital of Bahrain has come a long way in terms of growth and development, onboarding job ...

  • Getting married in Bahrain
    Getting married in Bahrain

    For expats, moving to Bahrain often involves navigating new experiences, and marriage is one of the most ...

  • Driving in Bahrain
    Driving in Bahrain

    Driving a car is a common practice among expatriates in Bahrain, making travel easier and flexible. The Kingdom ...

  • Starting a business in Bahrain
    Starting a business in Bahrain

    Bahrain presents a prime opportunity for investors looking to enter the Gulf Cooperation Council (GCC) market. ...

  • Studying in Bahrain
    Studying in Bahrain

    Are you moving to Bahrain with your family? Or are you looking to study in a Middle-East country and wondering if ...

  • Healthcare in Bahrain
    Healthcare in Bahrain

    Bahrain's healthcare system offers robust facilities and high standards of care, catering effectively to its ...

  • Accommodation in Bahrain
    Accommodation in Bahrain

    Bahrain has many housing options, such as luxurious apartments or villas along the coastline of Manama or an ...

All of Manama's guide articles