General Account
A general current account that gives you the safety and convenience of holding a cheque book.
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 propreitor/ partners/ signatories.
- Partnership Agreement.
- For Private Limited Company:
- Certificate of Incorporation.
- Particulars of Directors and Shareholders. (Form X)
- Original copy of identity cards of the directors/signatories.
- Directors' Resolution to open/maintain term Investments.
- Memorandum & Articles of Association.
- Return of Allotment of Shares. (for subsequent account or companies that have been operating for more than a year)
- Extract of Director and Shareholder’s Information. (New Company)
Fees and Requirements
- Minimum Opening Deposit:
- Minimum opening deposit and monthly balance of BND 1,000.00 is required. Account will automatically be closed if zero (0) balance, six (6) months after opening of account.
- Maintenance Fee:
- BND 15.00 per month if average monthly balance falls below BND 1,000.00.
- Cheque Book Fee:
- BND 50.00 per book.
- You may refer to the Bank's Schedule of Tariffs for more fees information.
Features
Cheque payment convenience
Access account with BIBD Corporate Internet Banking
Monthly bank statements through BizNet
Foreign currencies and remittances facilities
Wakalah
Refers to Agency contract. The Depositor (“Muwakkil”) appoints the Bank as their agent (“Wakil”) to utilize and invest their deposits in profitable Shariah-compliant transactions. The Depositor will be offered an expected profit rate from the investments and the Bank will earn an Agency (“Wakalah”) Fee for the service rendered. Any amount that the Bank earns in excess of the Depositor’s expected profit will be retained by the Bank as Commission (“Ju’alah”).