Merchant Services and POS
Card terminals, payment links and next-day settlement for shops and restaurants.
Business banking
Keep business money in business hands
A business current account for new sole traders, partnerships and companies, with cards for your team and approvals in the app.
Applications are not possible: this is a fictional test website.
Key benefits
Separate from day one
Keep business income and costs apart from personal money for clean books.
Cards for your team
Up to 5 business debit cards with individual spending limits.
Approvals in the app
Set who can create payments and who approves them.
Low entry cost
Open with JOD 500. The JOD 10 monthly fee is waived above JOD 10,000.
Who it's for
For businesses in their first years.
- Sole traders registering a new trade licence
- Partnerships such as small clinics, workshops and consultancies
- Start-ups that have just registered a company
- Home-based businesses moving to a formal account
Features
- Business debit cards for up to 5 users
- Multi-user online and app banking with approval rules
- Bulk supplier payments
- Cheque book
- Monthly and on-demand statements for your accountant
- Link to POS settlement and payroll services
Rates and figures
| Item | Detail |
|---|---|
| Minimum opening balance | JOD 500 |
| Monthly fee | JOD 10 (waived above JOD 10,000 average balance) |
| Business debit cards | Up to 5 |
| Interest | Not paid on this account |
Fictional figures for software testing.
Fees and charges
| Monthly maintenance | JOD 10 |
|---|---|
| Additional business debit card | JOD 10 per year |
| Cheque book (50 leaves) | JOD 10 |
| Bulk payment file | JOD 0.20 per payment |
Eligibility
- Registered business with a valid trade licence or commercial registration
- Owners and signatories aged 21 or over
- Minimum opening balance JOD 500
Documents you need
- Trade licence or commercial registration
- Partnership deed or articles of association
- IDs of owners and authorised signatories
- Board resolution or authorisation letter for companies
How to apply
- Book an appointment with a business banker
- Share your registration documents
- Agree signatories and user permissions
- Fund the account and activate online banking
Frequently asked questions
Can a sole trader open a business account?
Yes, with a valid trade licence in the owner's name.
How many users can I add?
Up to 10 online banking users and 5 business debit cards.
How do I avoid the monthly fee?
Keep an average monthly balance of JOD 10,000 or more.
Can I receive card payments into this account?
Yes. Merchant services settle directly into your business account.
Related products
Payroll Services
Pay staff salaries in one upload, with payroll cards for unbanked workers.
Working Capital Finance
Revolving credit lines and invoice finance to smooth cash flow.
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Merchant Services and POS
Card terminals, payment links and next-day settlement for shops and restaurants.
Lanternvale Bank is fictional. Figures are examples for software testing. Products would be subject to local banking regulation.