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Business - Current Account


Our Current Accounts are designed to be convenient and simple with banking solutions that allow you to manage your daily finances, while you monthly statements will be provided immediately upon request.


Benefits  & Features

  • Cheque book facility
  • Standing instruction services
  • Monthly statement of account
  • Advisory services
  • ATM access

Company / Local Investment Account

Our Company or Local Investment Accounts are provided for businesses registered in Maldives, and can be opened as either a USD or MVR account. Application forms can be obtained from our branches and can also be downloaded from our website here. Along with the application form, applicants will be required to present the documents listed below. In order to open an account you must deposit a minimum of MVR 5,000 for MVR accounts or USD 500 for USD accounts.


Minimum initial deposit for Rufiyaa Account : MVR 5,000.00
Minimum initial deposit for USD Account : USD 500.00


Association / Club/ NGO Account

Accounts for associations, clubs or NGOs are provided for organizations registered in Maldives, and can be opened as either a USD or MVR account. Application forms can be obtained from our branches and can also be downloaded from our website here. Along with the application form, applicants will be required to present the documents listed below. In order to open an account you must deposit a minimum of MVR 5,000 for MVR accounts or USD 500 for USD accounts.


Minimum initial deposit for Rufiyaa Account : MVR 5,000.00
Minimum initial deposit for USD Account : USD 500.00


Required documents for opening account.

Company Account:

  • Application form (Same form can be used for both MVR & USD accounts).
  • Company Stamp.

Originals and copies of the following

  • Registration certificate.
  • GST Registration Certificate.
  • Articles of association.
  • Memorandum of association.
  • ID cards of the directors (minimum should be according to quorum).
  • ID card of secretary.
  • Secretary appointment letter from the ministry.
  • If company is more than one year the most recent audit report is required. If not the most recent utility bill.

 

Local Investment:

  • Application form (Same form can be used for both MVR & USD accounts).

Originals and copies of the following

  • Registration certificate.
  • GST Registration Certificate.
  • ID card of the Owner.

 

Association/ Clubs/ NGOs:

  • Application form (Same form can be used for both MVR & USD accounts).
  • Stamp.

Originals and copies of the following

  • Registration certificate.
  • Articles of association.
  • Memorandum of association.
  • ID cards of the members (minimum should be according to quorum).
  • Steering committee List (Hingaa committee list) given by Home Ministry.

 

Important note: All the directors have to sign and stamp on the Terms and Conditions page.