MSME Account
A current account that caters for all sectors of Micro & Small Companies.
Eligibility
- Start-ups or Companies which has been registered to ROC and relevant Government Departments for ten (10) years and below.
- Micro and small companies.
- Has no company’s account OR had closed for more than (3) years with any banks and financial institutions in Brunei Darussalam.
- Limited to proprietorship and partnership.
Required Documents
- Certificate of Registration Section 16 and 17.
- Original copy of identity card(s) of the proprietor/partners.
* For Proprietorship & Partnership Company.
Fees and Requirements
- Minimum Opening Deposit:
- BND 50 minimum opening deposit. Account will automatically be closed if zero (0) balance, six (6) consecutive months after opening of account.
- Maintenance Fee:
- BND 2.00 per month if average monthly balance falls below BND 50.00 and inactive/ dormant.
- Cheque Book Fee:
- BND 0.50 per cheque leaf, up to BND 25.00 per book. (50 leaves)
- For return cheques noted for (6) times within twelve (12) months, account will be requested for closing or change to normal current account.
Features
Cheque payment convenience
Settle your bills easily online
Account accessible anywhere using BizNet
Foreign currencies and remittances facilities
Monthly bank statements through BizNet
Application Forms
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”).