Wadiah Savings Account is a savings account that guarantees:
- 100% of your savings amount
- Easy withdrawal of cash from ATM
- Convenience of direct debit from your account through the EFT-POS machine at more than 250 merchants
Deposits A minimum:
- Deposit of B$50.00
- Balance of B$50.00 to be maintained at all times
Savings can be made in:
- Cash
- Cheque
- Standing Instruction
Facilities
- Passbook will be provided upon opening of account
- ATM card will be given upon customer request
- Convenience of Zakat counter
- Dividend will be paid to depositors maintaining a minimum average balance of B$250.00 per month
Passbook/Statement
- Updating of passbook can be done at any BIBD branches
- Any lost passbook can be reissued with original copy of the police report.
Eligibility
- Brunei Citizens and Permanent Residents
- Open to individuals of all ages
- Sole Proprietor
- For children below the age of 16, account will be jointly opened with one of the parents or guardians who will act as the Account Administrator.
Required Documentations
- Original copy of I.C./ Passport (for Individual / Joint Account)
- Copy of Birth Certificate (for dependant account)
- Copy of company registration
- Letter of Authorisation
* Bank’s terms and conditions apply
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