Features & Benefits
- Flexibility to transact in any of the 5 major foreign currencies: USD, GBP, AUD and EUR.
- Easy tracking of your transactions and account balance through monthly statement.
- Choose to withdraw your money at any of our 14 branches, by Telegraphic Transfer or Demand Draft.
- Enjoy the foreign currencies and remittances facilities.
Shariah Concept
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Wadiah Yad Dhamanah
The concept used here is Wadiah Yad Dhamanah, or more commonly referred to as Wadiah. Under this Islamic concept, you will enjoy guaranteed safekeeping services of your money. Learn more »
Eligibility
Companies registered or incorporated in Negara Brunei Darussalam, either in the form of a proprietorship, partnership or private limited company.
Required Documents
- For Proprietorship & Partnership Company:
- Certificate of Registration - Section 16 and 17
- Original copy of identity card(s) of the proprietor/partners
- For Private Limited Company:
- Certificate of Incorporation
- Particulars of Directors and Shareholders (Form X)
- Original copy of identity cards of the directors
- Directors' Resolution to open/maintain term Investments
Fees and Requirements
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Minimum Opening Deposit
Minimum opening deposit of $5000.00 in the specified foreign currency (FCY) is required.
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Cash Notes
1% of the value of cash note, with minimum fee of FCY10.
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Admin Fee
For transactions up to FCY100,000, the admin fee is 0.1% of the transacted amount, with a minimum fee of FCY10.
For transactions exceeding FCY100,000, the admin fee is 0.03125% of the transacted amount, with a minimum fee of FCY100.
For more details, please refer to the Bank's Schedule of Tariffs.
Ask Us
- Questions? We're here for you. Call us, drop us an enquiry, or visit us at any of our branches.
Shariah Compliant
- All of our products and services are endorsed by BIBD's Shariah Advisory Body.