If you’re thinking of moving to Jordan or doing business in the country, then finding the right Jordanian bank to handle your financial business is going to be at the top of your To Do list.
Take the time to research Jordanian banks carefully. Volatility in the financial sector of all countries is not uncommon these days. Here a few things to keep in mind:
1. Collect all of the information you can on banks in Jordan before you move or conduct any business in the country.
2. Seek help with finding the right bank in Jordan from people who have already gone through the process. Ask friends, family, expatriates or anyone who has banked in the nation for information regarding the steps you need to take to get things done.
3. Use the largest commercial bank in Jordan for personal use since they will have the most branches throughout the nation as well as provide more services.
Action Steps
The best contacts and resources to help you get it done
Assemble general information on banks in Jordan
It is important to know all you can about banking in Jordan before you begin the process of opening a bank account in the country. You want to know about the banks' policies, foreign investment, the exchange rate and any other information you can think of to make your business or personal transactions easier.
I recommend: Layyous.com has a list of the biggest banks in Jordan as well as well as links to their web pages and other information about Jordan such as, real estate, hotels and dining options. The
Central Bank of Jordan can give you all of the information you need to regarding the country’s currency, inflation and other aspects of Jordan’s financial health.
Contact expatriates for advice on Jordanian banks
If you don't know where to begin when banking in Jordan, seek out expatriates for advice. They have already made the transition from the US to Jordan so they can give you the information you need to begin that process.
I recommend: Allo’ Expat offers a wealth of information on business and finance in Jordan.
Expatriates.com is a site where you can communicate with expats and tourists regarding all aspects of life and business in Jordan.
Use the largest Jordan bank for your everyday needs
Just as there are benefits to using the big banks here in the US, there are advantages to using the biggest of Jordan commercial banks for your everyday banking. Using the largest of Jordan banks will give you more access to branches throughout the nation, more access to ATM's as well as just making your transition to Jordan much easier.
I recommend: ABC Bank (Jordan), one of many international banks in Jordan, and
Arab Bank are two of the biggest banks in the country and offer many services from retail banking to corporate banking.
Tips & Tactics
Helpful advice for making the most of this Guide
- Pay attention to the actions of the Jordan Central Bank. The decisions they make will affect monetary policy, other banks in Jordan, and the economy as a whole.
The official source of Banks in Jordan is the Banks in Jordan page at Business.com
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