How to open a bank account in Qatar

Founded in 1973, the banks in Qatar are regulated by the Qatar Central Bank (QCB) and play a vital role in supervising banks and financial institutions, manage monetary policy, oversee the financial and insurance systems, and maintain the strength of the country’s banking system.
Although opening a new bank account in Qatar is quick and efficient, it is recommended that you set aside enough money to pay for necessary expenses as some banks take more days than others to set up your account.
The two main types of accounts include the current account and a savings account. Moreover, it is possible to even open an account for children by their parents in Qatar.

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