Jordan – Banking

What are the main banks in Jordan?

Jordan’s banking landscape consists of 20 licensed institutions — 15 locally established and 5 foreign. Of the domestic banks, 12 operate as conventional commercial banks and 3 function as Islamic banks; among the foreign banks, 4 are conventional and 1 is Islamic. The entire sector falls under the supervisory authority of the Central Bank of Jordan (CBJ), and the complete official register of licensed banks can be found on the CBJ’s Banking Sector Guide.

Nine Jordanian banks — Arab Bank, Housing Bank for Trade and Finance, Capital Bank of Jordan, Jordan Kuwait Bank, Union Bank, Jordan Islamic Bank, Bank of Jordan, Cairo Amman Bank, and Jordan Ahli Bank — earned places among the 100 most capitalised Arab banks in 2023. These institutions are the ones most newly arrived expats are likely to encounter during their time in the country.

The table below provides an overview of the principal domestic banks, along with their official websites. Always confirm current contact information and branch locations directly with each institution or through the CBJ:

Arab Bank holds the distinction of being Jordan’s largest bank and one of the most prominent financial institutions across the wider Middle East region, with services spanning retail, corporate, and investment banking. Bank of Jordan, which was founded in 1960, is a foundational national institution with a commitment to supporting sustainable economic development. For any bank not represented in the table above, the Central Bank of Jordan maintains an authoritative and current directory of all licensed institutions.

Islamic banking represents a genuinely significant component of Jordan’s financial system. Institutions such as Jordan Islamic Bank and Safwa Islamic Bank conduct their operations according to Sharia principles — most notably the prohibition on charging or earning interest (riba) — making them an attractive choice for Muslim customers and for expats who favour ethical finance arrangements similar to Islamic finance windows offered in some European and Gulf markets.

Do any major international banks operate in Jordan?

Citibank has maintained a presence in Jordan since 1974. Citibank N.A. Jordan has cultivated close relationships with major Jordanian institutions, offering services across banking, capital markets and advisory, treasury and trade solutions, and Citi Commercial Banking. It is worth noting, however, that Citibank’s Jordanian operations are predominantly oriented towards corporate and institutional clients rather than individual retail customers. Expats seeking a personal account should confirm current service availability directly with Citibank Jordan before proceeding.

Lebanese banking interests have also established a notable footprint in Jordan. BLOM Bank, which entered the Jordanian market in 2004, brings regional expertise and contributes to the diversity of the sector. BLOM Bank Jordan provides both retail and corporate banking services and can be reached through blombankjordan.com.

Standard Chartered Bank previously operated in Jordan, but AJIB has since completed its acquisition of Standard Chartered’s Jordanian business, meaning that brand is no longer independently available. Likewise, Bank Audi Jordan was absorbed into Capital Bank Group. These transactions illustrate how the international presence in Jordan’s banking sector can shift over time — it is always advisable to confirm current arrangements directly with individual institutions and through the Central Bank of Jordan before making decisions based on a specific bank’s presence in the country.

HSBC and Barclays do not appear to maintain active retail branch networks in Jordan as of 2025. Expats who currently hold accounts with either of these banks should contact them directly to enquire about cross-border services, international account management arrangements, or any referral schemes that might apply to customers relocating to Jordan.

Do banks in Jordan offer accounts or services specifically for expats?

Jordan’s banking sector spans a wide range of financial services — personal and business banking, Islamic banking, and specialised products designed for expatriates and internationally mobile clients. Resident expats and international clients can access tailored account structures and currency exchange facilities that address the particular financial circumstances of living abroad.

The majority of Jordan’s major banks permit both residents and non-residents to hold accounts denominated in multiple currencies — commonly including US dollars, euros, and British pounds — alongside the Jordanian Dinar (JOD). For expats receiving salaries or remittances from overseas, multi-currency accounts are a practical tool for reducing repeated conversion costs. Terms, minimum balance requirements, and fee structures differ from bank to bank and are subject to change, so always verify the specifics with your chosen institution.

Arab Bank offers a cross-border account opening facility, enabling prospective customers to initiate their application before they physically arrive in Jordan — a useful option for those organising their finances in advance of a move. Details of current eligibility criteria and required documentation are available on the Arab Bank website. A number of banks also provide premium or “priority banking” tiers suited to higher-net-worth expats, generally including a dedicated relationship manager, preferential exchange rates, and concierge-style financial services. Capital Bank and Housing Bank for Trade and Finance are among those known to offer such arrangements; prospective clients should enquire directly with each provider regarding current entry thresholds and associated fees (as of 2025).

Expats who prefer Sharia-compliant banking — whether for religious observance or as a matter of ethical preference — will find that Jordan Islamic Bank and Safwa Islamic Bank offer current accounts, savings products, and financing structures built around profit-sharing principles rather than interest. In Jordan, this is offered as a comprehensive standalone banking service rather than a niche add-on, unlike the Islamic finance windows sometimes available at mainstream banks in the UK, Germany, or Australia.

What are typical bank opening hours in Jordan?

Jordan’s official working week spans Sunday to Thursday, with Friday and Saturday forming the weekend. This is a significant adjustment for expats arriving from countries with a Monday-to-Friday structure, such as those in Europe, North America, or Australia. Bank branches generally open from around 08:30 and close at approximately 15:30 or 16:00, Sunday through Thursday. Certain branches situated in busy commercial districts of Amman may observe extended hours or open on Saturday mornings — it is worth confirming the schedule of your nearest branch directly.

Banks close on Jordanian public holidays, which encompass both national commemorations and Islamic observances. The dates of Islamic holidays such as Eid Al-Fitr and Eid Al-Adha shift from year to year in line with the lunar calendar. It is sensible to plan ahead and consult the CBJ’s official communications or your bank’s website for published holiday closure schedules.

Digital and mobile banking has dramatically changed how individuals and businesses in Jordan conduct their day-to-day financial affairs, offering a level of convenience and accessibility that was previously unavailable. Most of the leading banks provide internet banking portals and mobile applications, and Jordan’s national CliQ instant payment system operates around the clock, enabling immediate transfers between Jordanian bank customers at any time of day or night. ATMs are widely distributed throughout Amman and other urban centres, with the majority accessible 24 hours a day. That said, less routine matters — such as opening a new account, managing complex fund transfers, or resolving disputes — will typically necessitate a branch visit during normal working hours.

What do expats need to know about the banking system in Jordan?

Jordan’s banking system accommodates both conventional and Islamic approaches to finance and is rigorously supervised by the Central Bank of Jordan, which underpins the sector’s overall stability and reliability. The sector’s financial health is evident in its capital adequacy ratio of 17.6%, a liquidity ratio surpassing 138.8% — comfortably exceeding the CBJ’s 100% floor — and a non-performing loans ratio of 5.6% recorded in the first half of 2024.

Deposit protection: The Jordan Deposit Insurance Corporation (JDIC), established under Law No. 28 of 2010, provides depositor protection of up to JOD 50,000 per depositor per bank in the event of a bank failure. To put this in perspective, the UK’s Financial Services Compensation Scheme (FSCS) covers up to £85,000 per person per institution, while the US FDIC extends protection of up to USD 250,000. Jordan’s JOD 50,000 threshold (equivalent to approximately USD 70,500 as of 2025) is therefore notably more modest. Expats holding larger sums may wish to consider distributing funds across multiple institutions to maximise their coverage. The most current protection figures can always be verified at the CBJ website.

Fixed exchange rate: The Jordanian dinar is pegged to the US dollar at a rate of 0.709 dinar per dollar, an arrangement that has held firm for several decades. This fixed peg delivers a meaningful degree of monetary predictability — a distinct advantage for expats whose finances are conducted primarily in US dollars or currencies closely correlated with it. Unlike countries with floating currencies, Jordan does not expose residents to the volatility typical of many other emerging market economies. Those earning in euros, sterling, or other currencies will, however, still encounter exchange rate movement when converting to or from dinars.

Language: Arabic is the principal language of most banking documentation in Jordan, though staff at major branches in Amman are generally capable of providing assistance in English. Some documents — particularly formal account agreements or legal instruments — may be issued exclusively in Arabic. It is advisable to have access to a trusted translator or bilingual colleague when reviewing contractual terms.

Consumer protection: The CBJ introduced the Financial Consumer Protection Instructions for the Banking Sector No. 14/2024, which came into effect in early 2025 following a 90-day transition period. This framework brings Jordan’s consumer banking protections closer into line with international norms, which is a welcome development for expats. For the most up-to-date information on your rights as a bank customer, consult the Central Bank of Jordan directly.

Foreign currency accounts: Jordanian banks generally permit both residents and non-residents to maintain accounts in major international currencies. Large outbound transfers may be subject to scrutiny under anti-money laundering (AML) regulations, and banks may request documentation establishing the source and intended purpose of funds. This is consistent with internationally accepted AML standards and should present no difficulty for expats with well-documented and legitimate financial activity.

How Do I Open a Bank Account in Jordan as an Expat?

Opening a bank account in Jordan as an expat is entirely achievable, but thorough document preparation is essential. The overwhelming majority of banks require applicants to attend a branch in person, though a small number of institutions have introduced digital or pre-arrival application options. The process outlined below reflects general practice; individual banks may have differing requirements, and procedures can evolve. Always confirm the current process with your chosen bank and refer to the Central Bank of Jordan for regulatory guidance.

1. Choose your bank and account type. Take time to compare the major banks described in this article and consider whether a conventional or Islamic account best suits your needs, alongside decisions about multi-currency facilities or premium service tiers. Key factors to weigh include proximity of branches to your home or place of work, the quality of the mobile banking app, and the ease of making international transfers.
2. Gather your documents. For non-Jordanian applicants, a valid passport serves as the principal identity document. Additional requirements typically include proof of residence — such as a utility bill issued within the past three months, a valid lease agreement not exceeding one year, or a property registration document — along with evidence of employment (an employer letter, salary certificate, or salary voucher), and a valid residence permit and work permit. Non-Jordanian applicants may alternatively present a diplomatic ID or investor card in lieu of a residence and work permit.
3. Obtain your residence permit first if possible. While certain banks may open a limited account with only a passport and visa, holding a valid Jordanian residence permit (iqama) makes the process considerably smoother. If your permit has not yet been issued, ask the bank whether a provisional or restricted account can be set up in the meantime.
4. Visit the branch in person. Identity verification in person remains standard practice at most banks. Bring both original documents and photocopies. Branches of major banks in Amman will usually have English-speaking staff available, though calling ahead to confirm this is recommended. Some banks — Arab Bank among them — provide digital onboarding or cross-border application options for certain account types; consult their official website for details on current availability.
5. Complete the application forms. You will be required to fill in account opening paperwork, which may be bilingual or in Arabic only. Read through all terms carefully and ask questions about any charges, minimum balance requirements, or account restrictions before signing.
6. Make any required initial deposit. A minimum opening deposit is required by many banks, with the amount varying by institution and account type. Check current figures directly with your chosen bank (as of 2025), as these are subject to change. Some standard accounts carry no minimum deposit requirement, while premium accounts may stipulate a substantial ongoing balance.
7. Activate online and mobile banking. Following account activation, register for your bank’s internet banking platform and mobile application. Where your bank supports it, enrol in CliQ — Jordan’s national instant payment system — which enables real-time money transfers using your mobile number or IBAN.

US citizens and green card holders should be aware that Jordanian banks are obligated to comply with FATCA (the US Foreign Account Tax Compliance Act), which means account information will be reported to US tax authorities. Arab Bank, for instance, confirms its FATCA compliance on its website. If this applies to you, ensure that any required US tax forms — such as the W-9 — are completed and that your overseas accounts are disclosed in accordance with US law.

What banking and payment apps are widely used in Jordan?

Jordan has made substantial investments in its digital payments infrastructure in recent years, and the majority of leading banks now provide fully featured mobile banking applications. Customers can accomplish a wide range of financial tasks from their smartphones — from transferring funds and settling bills to monitoring account activity and accessing additional services. Despite the rapid expansion of digital channels, physical branches remain important for delivering personalised service and handling transactions that require more complex handling.

CliQ is Jordan’s nationally operated instant payment platform, functioning under the oversight of the CBJ. CliQ enables real-time transfers between Jordanian bank customers around the clock, incorporating a 24-hour payment and transfer service, instant payment requests, and a return mechanism for both incoming and outgoing transfers. Payments can be initiated using a recipient’s phone number, registered alias, or IBAN — a concept comparable to the UK’s Faster Payments system or Australia’s PayID. It is important to note that CliQ is a domestic service and cannot facilitate payments to or from banks outside Jordan.

ila Bank is Jordan’s foremost fully digital bank, operating under Arab Jordan Investment Bank (AJIB). It delivers a branch-free banking experience via its app for most everyday transactions. Capital Bank was recognised with the “Best Mobile Banking App in Jordan 2024” award, underscoring the competitive standards that mobile banking has reached within the sector. Certain banks, including Bank al Etihad, now allow customers to complete the full account opening process through their mobile application without any need to visit a physical branch.

International apps: Wise (formerly TransferWise) is available in Jordan and is a popular choice among expats for sending money internationally, owing to its mid-market exchange rates and clearly stated fees. PayPal has a limited operational presence in Jordan — users can receive funds, but the ability to transfer money out to a local bank account has historically been subject to restrictions. Revolut does not currently hold a licence to provide full banking services in Jordan. Always check the current regulatory standing of any international fintech application with both the CBJ and the app’s own provider before depending on it for important financial transactions, as the regulatory environment for fintech in Jordan is still developing.

How can expats manage money between Jordan and their home country?

For most expats, moving money between Jordan and their country of origin is a straightforward process, though there are important considerations relating to exchange rates, transaction fees, and compliance obligations. The Jordanian dinar is not freely traded on global foreign exchange markets in the same manner as major reserve currencies, so international transfers will typically pass through an intermediate conversion — most commonly into US dollars, given the dinar’s fixed peg to the dollar.

Bank transfers (SWIFT/IBAN): All of Jordan’s principal banks support international wire transfers via the SWIFT network. Jordan has adopted the International Bank Account Number (IBAN) format, which simplifies the process of sending and receiving transfers from other IBAN-compatible countries. Fee structures vary by bank and transfer amount — as of 2025, standard outgoing international transfer fees at Jordanian banks typically fall in the range of JOD 5 to JOD 25, or may be calculated as a percentage of the transfer value. Confirm the precise charges with your bank before transacting, as these figures are subject to change.

Third-party transfer services: Wise is widely used among the expat community in Jordan for sending funds abroad at competitive rates. Western Union and MoneyGram both have a strong physical network in Jordan, which can be particularly valuable for transfers to countries with less developed banking infrastructure. When comparing options, evaluate the total cost of a transfer — both the explicit fee and the exchange rate margin applied — rather than focusing solely on the headline fee.

Currency stability: The dinar’s peg to the US dollar means that transfers denominated in USD carry a high degree of predictability in terms of their JOD value. Expats sending or receiving funds in euros, sterling, or other currencies will still be exposed to exchange rate fluctuations, and using a rate-alert tool to identify favourable timing for larger transfers can be a worthwhile strategy.

Reporting and compliance: Jordan’s banks operate under robust anti-money laundering (AML) and counter-financing of terrorism (CFT) frameworks that align with the standards set by the Financial Action Task Force (FATF). Unusually large incoming or outgoing transfers may trigger requests for documentation substantiating the source or purpose of the funds. Jordan does not impose a general obligation on residents to declare overseas bank accounts to Jordanian authorities in the way that, for example, the US requires its citizens to disclose foreign accounts under FBAR rules — however, your individual circumstances and obligations in both Jordan and your home country should be assessed with the help of qualified legal or tax advisers. The Central Bank of Jordan and Jordan’s Income and Sales Tax Department are the authoritative sources for regulatory guidance.

Frequently Asked Questions

Can I open a bank account in Jordan before I arrive?

Certain banks, including Arab Bank, offer cross-border or digital application pathways that allow prospective customers to begin the account opening process from outside Jordan. Full account activation, however, will typically require an in-person appointment to confirm identity and present original documentation. Contact your chosen bank directly to find out what pre-arrival options are currently available, as these offerings continue to develop.

Do I need a residence permit to open a bank account in Jordan?

A valid residence permit (iqama) is required by most banks as part of the standard documentation set for non-Jordanian applicants, alongside a valid passport, proof of address, and evidence of employment. Some banks may be willing to open a provisional account before a residence permit has been issued — ask the bank about any interim arrangements that might apply to your situation.

Is the Jordanian banking system safe for expats?

The sector’s financial indicators point to solid stability, including a capital adequacy ratio of 17.6% and a liquidity ratio above 138.8% — well in excess of the CBJ’s required minimum of 100% — as recorded in the first half of 2024. Deposits are covered up to JOD 50,000 per depositor per bank (as of 2025) through the Jordan Deposit Insurance Corporation. For the most current assessment of sector soundness, refer to the Central Bank of Jordan’s Financial Stability Report.

Can I hold a foreign currency account in Jordan?

Yes. The majority of major Jordanian banks offer accounts denominated in key foreign currencies such as US dollars, euros, and British pounds to both resident and non-resident customers. Multi-currency accounts are a well-established and widely used feature for expats managing income or financial commitments in more than one currency. Confirm availability and any applicable minimum balance conditions directly with the bank you plan to use.

How much deposit protection do I have in Jordan?

The Jordan Deposit Insurance Corporation (JDIC) guarantees depositor protection of up to JOD 50,000 per depositor per bank as of 2025. This is a lower level of coverage than that offered in several other countries — the UK’s FSCS, for instance, covers up to £85,000, while the US FDIC protects up to USD 250,000. Expats holding substantial balances may find it prudent to distribute their funds across more than one institution. Always confirm the prevailing limit at cbj.gov.jo.

What is CliQ and should I use it?

CliQ is Jordan’s national instant payment platform, administered under the authority of the Central Bank of Jordan and integrated into the mobile applications of most major banks. It allows users to transfer funds in real time using a recipient’s phone number, registered alias, or IBAN, and is available 24 hours a day, seven days a week. For moving money between accounts at Jordanian banks, it is the fastest and most straightforward method available. Note that CliQ is a domestic service only — it cannot be used to send payments to or receive payments from overseas.

Are international money transfer apps like Wise or PayPal available in Jordan?

Wise is operational in Jordan and is a commonly used tool among expats for international transfers, valued for its transparent pricing and mid-market exchange rates. PayPal’s capabilities in Jordan are constrained — users can receive payments, but withdrawals to local bank accounts have historically faced restrictions. Revolut does not currently hold the regulatory authorisation required to offer full banking services in Jordan. Always verify the current status of any international fintech service with both the provider and the CBJ before depending on it for essential transactions.

What is the currency in Jordan and is it stable?

Jordan’s national currency is the Jordanian Dinar (JOD), which is pegged to the US dollar at a fixed rate of 0.709 dinar per dollar. This peg has been maintained for decades and delivers a high degree of monetary stability — a reassuring feature for expats who manage household budgets or international financial obligations in dollar-denominated terms. Those whose income arrives in euros, sterling, or other currencies will still experience some degree of exchange rate variability when converting to dinars.