Bank of Maldives

Key features

Ideal account for businesses:

Local and international fund transfers using our free Internet Banking service
International funds transfers to your account
Payment Gateway to receive online payments via your website
POS terminals to accept payments
Visa Corporate Card for added flexibility and convenience while travelling abroad or making payments
Facilities such as Letter of Credit (LCs), Documentary collection, same-day Bank Guarantees and many more
Financing facilities including loans and overdrafts

Description	MVR Account	USD Account
Minimum deposit	MVR 2,000	USD 200
Cheque book Issuance Fee (per leaf)	MVR 5	USD 0.35

If you are in Male', you can make an appointment to apply for Business Account opening through our Booking Portal. Once an appointment is successfully made, you will receive an SMS with your appointment date and time to visit the Bank.
If the appointment slots for the day are full, please try again for the next working day. Appointments can be made from 8am on the day before each working day.
If you are outside of Male’ please submit the Application Form along with required documents to the nearest Branch.
Do ensure that the Account Opening Form along with all supporting documents listed in our Checklist are submitted for all new account opening.
Please allow up to 5 working days for your account to be opened. Once the account has been activated, you will receive an SMS to your phone with your account number.

Account Opening Form - Business and Institutions	English / Dhivehi
Information Form - Business & Institutions	English
Sample Board Resolution - Opening a Business Account	English
Sample Board Resolution For Partnership	English
Sample Board Resolution For Associations	English
Account Opening T&C	English / Dhivehi
Checklist Account Opening - Account Opening & Information Form - Business & Institutions	English