Foreign Savings Account
A savings account facility in your choice of foreign currencies.
Eligibility
- Brunei Citizens and Permanent Residents.
- Foreign Citizens with valid work / student permit.
- Individuals aged 18 and above.
Required Documents
- Original identity card or passport.
- Original birth certificate. (for dependent account)
Requirements
- Minimum opening deposit of;
- 500 foreign currency units for EUR, GBP & USD.
- 1,000 foreign currency units for AUD.
- Minimum monthly balance of 1,000 foreign currency units for AUD, EUR, GBP & USD.
Fees
- Refer to the Bank's Schedule of Tariffs.
Features
Transact in six currencies
Easily accessible through NEXGEN
Withdraw in local or foreign currency
Remittances facilities
Suitable For
Students and Minors
Retired Individuals
Working Professionals
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 paid subject to account balance meet the minimum monthly balance.
Please read the General Wakalah Terms & Conditions of Deposit Products (English) and Product Disclosure Sheet before you decide to take up the product.
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.