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Frequently Asked Questions (FAQs)
At our bank, we prioritize your financial well-being. If you have any inquiries, feel free to reach out!
What is Uptex Bank?
Uptex Bank is a digital-first financial institution, operated by Oliver Business Development LLC, licensed in Oman under License No. L3204200 to provide Electronic Banking Services. We offer multi-currency accounts, international transfers, and secure investment access - all without a physical branch.
What services will be offered at launch?
At launch, Uptex Bank will offer:
Multi-currency personal and business accounts
International payments and FX
Securities trading through our platform
Fully digital onboarding
How can I join Uptex Bank?
Right now, you can join the waitlist by submitting your name and email. Early access users will receive priority onboarding when we go live.
When is Uptex Bank launching?
We are launching officially on 12 October 2025, during the Dubai Fintech Surge. Onboarding invitations will be sent shortly after.
Is Uptex Bank licensed and regulated?
Yes. Uptex Bank operates under the Electronic Banking Services License No. L3204200, issued by the Central Bank of Oman. We are fully compliant with AML, CFT, and data protection laws.
Who can open an account?
At this stage, Uptex Bank is onboarding corporates, investors, and high-volume users in the GCC and international markets. Retail services may follow.
What currencies are supported?
You’ll be able to hold and exchange between:
30+ Currencies including OMR, AED, SAR, USD, EUR, GBP, USDT, and USDC (in one multi-currency account).
Is my data secure?
Yes. We use advanced encryption and verification systems to ensure your identity and transactions are secure. All data handling complies with Oman’s PDPL (Personal Data Protection Law).
Will my funds be safe?
Funds are safeguarded with regulated partners and financial institutions in Oman and internationally. We are fully aligned with CBO and CMA standards.
How can I contact support?
For legal or onboarding inquiries, please email:
support@uptex.com