ACCOUNT
Business Banking
Banking Solutions That Power Your Business.
ACCOUNTS
Business Banking
The Business Banking is designed for businesses requiring efficient dayto-day banking supported by modern digital banking and payment solutions.
- Simplified onboarding process
- Local payment capabilities
- Competitive fee structure
Fees & Charges - Business Banking
| Conditions | USD | MVR |
|---|---|---|
| Initial Balance Residents | 2,500.00 | 50,000.00 |
| Initial Balance Non-Residents | 2,500.00 | 50,000.00 |
| Minimum Ongoing Balance | 2,500.00 | 50,000.00 |
| Account closure fee | 10.00 | 150.00 |
| Service Charge | 200.00 | 2000.00 |
| Below Minimum Balance Fee | 35.00 | 500.00 |
| Dormant fee | 5.00 | 75.00 |
Requirements
For Locals
- Be at least 18 years of age (minors can open accounts with consent of parents)
- Valid National ID or Passport
- Original Family Book
For Foreigners
- Be at least 18 years of age
- Valid Passport with Visa stamp
- Proof of Residence
- Proof of Employment
Note: The Bank may revise the above interest rate and Terms & Conditions from time to time, at its sole discretion, without prior notice to customers
Bank simply and securely with essential digital services included with every account.
Mobile Banking
Internet Banking
eFaas Authentication
Real-Time Internal Transfers
SMS & Email Alerts
eStatements