How long does it take to open a business account in MIB ?
Step 1: Getting the application filled and collecting all the necessary documentation.
1. Account Opening application for businesses
2. Information Form for the company
3. Information Form for all the Directors and Company Secretary
The documents required vary between the types of the company or organisation. We have prepared an exhaustive list on your website which you can follow
Step 2: Getting Help and Guidance
Once you have gathered all the documents please send us an email to the below mentioned account with the filled drafts and the required documents as per the list.
Do not sign the applications until we check the drafts and give you feedback
Step 3: Submitting Application and Opening Account
Once your application is in order our associate with instruct you on how you can submit the signed application and the documents. Once they have been verified our account opening team will call you to come and provide signatures and do physical verification.
Always use electronically fillable forms. The chances of making errors are reduced and making amendments are easier
Do not sign the applications until our associates instruct you to do so. Changes and amendments will mean more signatures.
The entire journey of business account opening takes a while due to complexities related to forms as well as getting the required documentation in order. Therefore please make sure you start the process with ample time ahead.
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 ...
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 ...
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 ...
Do I have to apply separate for MIB Visa card when I open my account?
Over the Counter You can opt to submit a separate card application at the time of account opening. The card will go into processing once the account has been opened and the card fees has been deposited. Online You can submit a card application ...