Founded in Amman in 1930, Arab Bank is a pan-regional bank with 30+ country operations. For Jordan-based freelancers receiving USD wires, it is the default account. Pull every client payment into a clean Excel.
Convert your Arab Bank statementJordan has a large freelance and creative-economy workforce, plus a significant remittance flow from Jordanians working across the GCC, North America, and Europe. Arab Bank — Amman-headquartered, pan-regional since the 1930s — is the go-to account for cross-border freelance income. The bank's New York branch, multi-currency accounts, and strong correspondent network mean USD and EUR wires arrive cleanly without intermediary friction.
Jordan applies a progressive personal income tax of 5–30% and a 16% general sales tax. Registered freelancers under the JIT (Jordan Investment Trust) freelance scheme file annual returns with the Income and Sales Tax Department (ISTD). The bank statement is the primary income evidence. Multi-currency holders need to convert each currency at the CBJ average rate, and the Arab Bank statement makes that traceable when exported to Excel.
Arab Bank issues a polished bilingual Arabic-English PDF in landscape layout. The standard column order is Date, Reference, Description, Debit (JOD), Credit (JOD), Balance (JOD). JOD amounts use three decimal places per CBJ standards — a detail that trips up non-specialised parsers that assume two decimals. Kashfbank handles the three-decimal format correctly.
Multi-currency accounts produce separate per-currency pages: a JOD section, a USD section, a EUR section. Each currency keeps its own opening and closing balance. SWIFT inbound wires arrive with full BIC and beneficiary detail in the narration field, often wrapped across two lines. Domestic JOD transfers from Jordanian clients use the FAST payment network and carry CliQ aliases or full beneficiary names.
Jordan's ISTD wants total income converted to JOD at the period's CBJ rate. JIT freelance permit renewals also require an annual income disclosure. Both pull from the same rows: incoming client payments across currencies, separated from personal transfers and standing orders.
Bilingual Arabic/English PDF, typically landscape layout. Columns: date, reference, description, debit (JOD), credit (JOD), balance (JOD). JOD amounts displayed to three decimal places per CBJ standards. Multi-currency accounts produce separate per-currency pages. Wire transfers include full SWIFT/BIC beneficiary detail in the narration field. Statements available up to 24 months via branch or online.
| Label | Meaning |
|---|---|
| SWIFT Transfer | International wire transfer via SWIFT network |
| ATM WD | ATM cash withdrawal |
| POS Purchase | Point-of-sale card payment |
| Salary Credit | Monthly salary deposit from employer |
| Standing Order | Recurring scheduled transfer (utilities, insurance, loan instalment) |
Rules in Jordan differ — see our country guide
Upload your Arab Bank PDF
Open Arabi Mobile or Arab Bank Online, request the period your accountant needs (typically 12 months for an annual ISTD return), and download the PDF. Drop it into Kashfbank. Bilingual AR+EN columns are read natively. JOD three-decimal amounts are preserved correctly.
Confirm all currency pages are included
If you hold a multi-currency account, the PDF will include separate sections for JOD, USD, and any EUR or GBP sub-accounts. Check the converted Excel has all currency groups. Each currency stays in its own row block with the original amount and the local closing balance.
Filter to freelance income only
Sort by Category to keep 'SWIFT Inbound' and 'FAST Inbound' rows. Drop standing orders, ATM withdrawals, POS purchases, and any salary credits if you also hold a job. What remains is your gross freelance income across all currencies.
Convert non-JOD income to JOD for ISTD
For each USD or EUR credit, multiply by the CBJ average rate for the period — published on the Central Bank of Jordan website. Add the result to the JOD total. Send the Excel and the CBJ rate sheet to your accountant for the ISTD return.
Common challenges
Does Kashfbank handle the JOD three-decimal format correctly?
Yes. JOD is one of the few currencies that uses three decimal places (1,250.500 JOD, not 1,250.50). Kashfbank preserves the full three decimals. Basic CSV-to-spreadsheet tools sometimes round to two decimals — that introduces drift across hundreds of rows. We do not round.
I receive USD wires from US clients into my Arab Bank USD sub-account. Do those count as Jordan-source income for ISTD?
Generally yes if you are a Jordanian tax resident — Jordan taxes worldwide income for residents. The USD figure is converted to JOD at the CBJ average rate for the tax period, then added to your taxable income. Your accountant or the ISTD service centre confirms the rate to apply for each transaction date.
Does the Kashfbank export work for the JIT freelance permit renewal?
The JIT renewal income disclosure accepts a summary supported by bank evidence. The Excel export and the underlying PDF together serve as that evidence. JIT does not require a specific portal format — it requires verifiable totals.
Arab Bank has a New York branch. Can Kashfbank read statements from that branch too?
Arab Bank New York issues statements under US banking regulations in a slightly different format. Kashfbank handles many US bank formats, but the Amman-issued statement is the primary format the Jordan freelance workflow uses. Confirm which branch issued each statement before uploading.
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Regulator: Central Bank of Jordan (CBJ)
Fiscal year: Jan 1 – Dec 31
Full country guide →Statement language: Arabic / English