Flex Account
A joint savings account designed for 15 – 17 year olds.
Eligibility
- Parent / Legal Guardian with teenager aged 15 to 17 years old.
- Brunei Citizens and Permanent Residents.
- Foreign Citizens with valid work / student permit.
Required Documents
- For both Parent/ Legal Guardian and teenager.
- Original identity card. (Brunei Citizens and Permanent Residents)
- Passport. (Foreign Citizens)
Requirements
- Minimum opening deposit and monthly balance of B$ 50.00 is required.
Fees
- Refer to the Bank's Schedule of Tariffs.
Features
Easy access to your money
Worldwide Debit Card Access
Online banking via NEXGEN through Parent / Legal Guardian
Largest ATM network
Features
Teenagers 15 to 17 years old
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”).
The profit distribution is on a monthly basis.
Please read the following documents before you decide to take up the product:
- General Wakalah Terms & Conditions of Deposit Products (English)
- BIBD General Wakalah Supplemental Terms & Conditions (English)
- BIBD Debit Card Terms & Conditions (English)
- BIBD Debit Cards Supplemental Terms & Conditions (English)
- General Saver Product Disclosure Sheet (English / Malay)
- BIBD Debit Card & BIBD Virtual Prepaid Card Product Disclosure Sheet (English / Malay)
- BIBD General Saver & Debit Card For Minors Frequently Asked Questions (English)
For more details, please refer to the Bank’s Schedule of Tariffs or the list of applicable rates for this product.
Guaranteed protection up to maximum B$ 50,000.00 per depositor under the Deposit Protection Scheme.