Youth Account T&C

1. I acknowledge that the Youth Account opening and operation is subject to these specific terms and conditions for Youth Account opening and operating (the “Youth Terms and Conditions”) and the terms of OMAN ARAB BANK S.A.O.C. – general terms and conditions for account opening and operating (the “General Terms and Conditions”), unless otherwise expressed herein. In the event of any dispute or contradiction between these Youth Terms and Conditions and the General Terms and Conditions, I understand that these Youth Terms and Conditions will prevail.

2. I understand that in these Youth Terms and Conditions, capitalized words and phrases have the same meaning as in the General Terms and Conditions.

3. I understand that, by opening a Youth Account with OAB, I will receive a youth personalized debit bank card (with no annual fee or account minimum balance charges).

4. I understand that OAB Offers may vary from time to time; as such, some of them may be cancelled and/or replaced without referring to me and without any liability on the part of OAB.

5. To qualify for a Youth Account, I understand that I must be between 18 and 27 years old; I further understand that when I reach 27 years plus one day, OAB will have the right, at its own discretion, to (i) convert my Youth Account into a Savings account, and/or (ii) cease any benefits, offers and services I am availing; in such occurrence, OAB will notify me accordingly.

6. I understand the Youth debit Card will be replaced by a classic bank debit card which will be issued to me in replacement of my current Youth debit card when it converts into a savings account and OAB will notify me accordingly.

7. I understand that my Youth Account bank debit card gives me access to various offers and products more discussed in details in OAB’s website (http://www.oman-arabbank.com/), but does not allow me to (i) have additional cardholders, (ii) apply for additional cards, or (iii) obtain cash advances.

8. I understand the benefits, offers and services are bound by the account and is independent from the card

9. As an OAB Youth Account holder, I acknowledge that my account will not allow me to (i) earn interest, (ii) draw cheques on my account, (iii) add other individuals to my account as in joint accounts, or (iv) operate my account in a currency other than Omani Rials.

10. I understand that, as Youth Account holder, I will have access to a number of various benefits, offers and services; I also understand that, in order for OAB to provide me with such benefits, offers and services, OAB will be required to disclose my contact details to such service and offer providers, by opening a Youth Account, I hereby give OAB an irrevocable authority to disclose my phone number to the said service and offer providers.