How to open an account

How to open an account

Fully Digital Online Account Opening

You can now easily submit account opening online through ApplyNow Portal. Login using efaas and choose Account Opening for New Customers. 

We also conduct Banking Day sessions at Large Companies and Government Offices and tourism resorts frequently. If you want to organise a session at your work place please reach out to with details. 
Types of Accounts.
We offer many different types of accounts to suite your needs. Click here to Learn More

Business Accounts

Opening an account for a business can be a complicated and lengthy process. Fortunately you need not worry. Our associates are ready to guide you towards a business class onboarding experience. Simply submit your interest through the business account opening consultation service.
Also lookout for the investment accounts to make the most out of your money
You can open a GIA account if you have an active current/saving account at MIB, by submitting an Account opening application form along with your valid NID copy. Please note that an initial deposit of a minimum of MVR 5,000 is required to open a GIA account. 

You can submit your application through ApplyNow Portal anytime.

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      Step 1: Getting the application filled and collecting all the necessary documentation. Forms required 1. Account Opening application for businesses 2. Information Form for the company 3. Information Form for all the Directors and Company Secretary ...
    • Requirements for Opening a Kid's Account

      The following are the requirements to open a account for a Child. Children Below 10 Years Maldivian Application form set NID card of the Child NID of mother / father / legal parent Mandate form for both mother and father want to become signatories ...
    • Can I open MIB account online?

      We working towards offering you a digital onboarding solution soon. Please stay tuned.
    • What is the minimum deposit required to open an account?

      Savings Account: MVR 1000 for MVR accounts USD 100 for USD accounts Current Account: MVR 2500 for MVR accounts USD 250 for USD accounts Business Account: MVR 5000 for MVR accounts USD 500 for USD accounts Kids Account: MVR 100 for MVR accounts USD 10 ...
    • Can I open account by showing my passport only if not why ?

      For Maldivian Citizen's the bank requires a valid ID card to be present during account opening. This is as per the regulations of the Bank and the governing laws.