Account Opening

Account Opening

	Download Forms Account Opening Form for Individual (Savings) Account Opening Form for Individual (Current) Account Opening Form for Corporate Account Opening Form for NITA Account Opening Form for FC Account Opening Document Check-List Individual and Joint Account (Includes Savings A/C) Bank’s prescribed Account opening application form (to be signed by the applicant in front of BM/RM/CSM) Two Passport Size Photograph of the Account holder(s) attested by the introducer. Specimen Signature Card (To be signed by the applicant in front of BM/RM/CSM) Estimated Transaction Profile and Any of the following Identification Documents Name of Identification Document Issuing Authority Current valid passport Passport Office Valid driving license Bangladesh Road Transport Authority Voter ID Card Election Commissioner Armed Forces ID card Employer or their delegate A Bangladeshi employer ID card bearing the photograph and signature of the applicant Employer or their delegate A certificate from any local government organs such as Union Council chairman, ward commissioner etc. (In this case the certifier should attest applicant’s photograph along with signature UP Chairman / Ward Commissioner Trade license with photograph can be accepted for individual’s identification Local Govt Authority / UP Chairman Pourashava Chairman / Ward Commissioner The idea is any document showing photograph, signature and address of the customer issued from a dependable authority (Managers and Supervisors have to apply judgment) are acceptable. All photocopies should be verified with the original and attested by an authorized officer of the Bank. DSEs or other contractual staff are not allowed to verify photocopies. Particular care should be taken in accepting documents, which are easily forged, or which can be easily obtained using false identities. NITA Account Bank’s prescribed Account Opening application form to be filled by the applicant with full information Photocopy of Passport Two Passport Size Photograph of the account holder duly attested by the introducer Two Passport Size Photograph of the Nominee’s duly attested by the Account Holder Work Permit Employee statement/ Business document FC Account Bank’s prescribed Account Opening application form to be filled by the applicant with full information Photocopy of Passport Two Passport Size Photograph of the account holder duly attested by the Introducer Two Passport Size Photograph of the Nominee’s duly attested by the Account Holder Work Permit Employee statement/ Business document Opening and Maintaining of Foreign Currency Account with Authorized Dealer Branches of AB Bank Limited Procedures and key information for opening of Foreign Currency (FC) accounts with AB Bank Limited is appended below: Private Foreign Currency (FC) Account: Private FC Account may be opened in our Authorized Dealer branches by (a) Bangladeshi nationals working/residing abroad (b) Foreign nationals residing abroad or in Bangladesh (c) Foreign missions and their expatriate employees (d) Foreign firms registered abroad and operating in Bangladesh or abroad (e) Bangladeshi nationals working in foreign/international organizations in Bangladesh with entitlement to receive salary in foreign currency. Bangladeshi nationals proceeding abroad for employment/immigration/self-employment may open this account even without initial deposits. The account opened by non-resident Bangladeshis may be maintained as long as the account holder desires even after their return. Account holders may operate the accounts themselves or nominate other persons in Bangladesh for this purpose. Remittance from abroad through banking channel may be sent to this account. This account may be credited with transfer of fund from other foreign currency accounts. In addition, cash foreign currency brought into Bangladesh by the account holder while on visit may be deposited in this account. FC account is in the nature of savings. However, the account may be maintained in the form of term deposits. FC account holder will get interest if the deposit is maintained in the form of term deposits for the period of one/three/six/twelve months at prevailing deposit rate. Accounts not specifically mentioned as term deposit (for balances not less than USD 1,000/=, Pound Sterling 500/= or equivalent in other currency lying in the accounts for minimum one month or longer) may get the interest. Foreign currency deposited in this account is freely convertible into Taka. Deposited foreign currency may easily be sent abroad through banking channel. Moreover, foreign currency in cash may be taken from this account while visiting abroad (up to USD 2,000/= in the form of cash and remaining in the form of TC, Card & other currencies). Resident Foreign Currency Deposit (RFCD) Account: Persons ordinarily resident in Bangladesh may open RFCD account with foreign exchange brought in at the time of their returns from travel abroad. Resident persons may open this account at any time after their return to Bangladesh. However, amount in excess of USD 5,000/= or its equivalent brought in with declaration to customs authority in FMJ Form should be deposited in this account within 30 days of arrival. Up to USD 5,000/= or its equivalent may be deposited in this account at any time after return to Bangladesh. Foreign currency deposited in this account is freely convertible into Taka. Deposited foreign currency may easily be sent abroad through banking channel. Moreover, foreign currency in cash may be taken from this account while visiting abroad (up to USD 2,000/= in the form of cash and remaining in the form of TC, Card & other currencies). Non-Resident Foreign Currency Deposit (NFCD) Account: NFCD account may be opened in our Authorized Dealer branches by (a) Bangladeshis working/residing abroad (b) Bangladeshis having dual nationality residing abroad (c) Bangladeshi nationals serving with missions of Bangladesh in foreign countries (d) Officers/staff of the government/semi-government organizations/nationalized banks and employees of corporate body posted abroad or deputed with international and regional agencies in foreign countries against foreign currency remitted through banking channel or brought in cash. NFCD account is in the nature of term deposit maturing after one month, three months, six months and one year. This account may be opened in US Dollar, Pound Sterling, Euro or Japanese Yen with a minimum deposit of USD 1,000/= or Pound Sterling 500/= or equivalent. Foreign nationals/firms/investors may open this account with a minimum deposit of USD 25,000/= or its equivalent. This account is interest bearing. The interest is exempted from tax. Foreign currency deposited in this account is freely convertible into Taka. Deposited foreign currency may easily be sent abroad through banking channel. Moreover, foreign currency in cash may be taken from this account while visiting abroad (up to USD 2,000/= in the form of cash and remaining in the form of TC, Card & other currencies). Eligible Bangladeshis may open such Accounts with Authorized Dealer Branches of AB Bank Limited in Bangladesh by filling-up the prescribed Application Form alongwith submission of other required documents such as photograph, photocopy of passport etc. Eligible Bangladeshis residing abroad may send the Application Form to AD Branches of AB Bank Limited in Bangladesh along-with set of required documents duly verified and attested by Bangladesh Mission abroad, or a reputable bank or any other person known to the AD of AB Bank Limited, Bangladesh to open such accounts. Submission of Employment Certificate/ Business Registration Certificate is not necessary for opening of such accounts of Bangladeshis residing abroad. Mentionable here that Non-resident Bangladeshi and other non-resident foreign nationals may, besides opening of private FC accounts and NFCD accounts as stated above, invest in US Dollar Premium Bond, Investment Bond and Treasury Bond (in Taka) of Bangladesh Government. In addition, investment may be made in shares/securities listed in stock exchanges through opening of Non-Resident Investor’s Taka Account (NITA). Non-resident Bangladeshis may also invest in Wage Earner’s Development Bond in Taka. Bangladesh Bank website [www.bb.org.bd, Guidelines for Foreign Exchange Transaction, (Vol-I, Ch-13)] may be visited for additional information and relevant explanation. In addition, Authorized Dealer branches or Mr. Md. Ashiqul Islam, Officer, Retail Banking Division. Head Office, AB Bank Limited, Phone: 88-02-9560312, Cell No. 880-1722788408 Fax: 88-02-9564123 may be contacted for further details.Sole Proprietorship Account Bank’s prescribed Account Opening application form.(to be signed by the applicant in front of BM/RM/CSM) Two Passport Size Photograph of the Proprietor attested by the introducer Specimen Signature Card (To be signed by the applicant in front of BM/RM/CSM) Copy of valid Trade License issued by Local Government authority (City Corporation, Pourashava, Union Parishad etc.) Permission from Bangladesh Bank (For Buying House, Indenting or other specific businesses) TIN issued by Income Tax Authority The personal identity of the proprietor of the Firm has to be established by any of the documents as mentioned in Individual or Joint Customer category. If the Trade License carries the photo and signature of the Proprietor this is not required. Limited Company Account Bank’s prescribed Account Opening application form Certified copy of the Memorandum & Articles of Association of the Company  Certificate of incorporation Certificate of commencement of Business (For Public Limited Companies only)  Extract of the Board resolution sanctioning the account opening and signing authority List of the Director with address in form – XII. Photograph of the signatories Copy of valid Trade License Introducer’s signature in the A/C opening form and at the back of the photograph(s) of Account holder(s). List of names with Appointment letter and Specimen Signature of the Persons authorized to operate the Account. The personal identity of all the directors or beneficial owner(s) proprietor of the Firm has to be established by any of the documents as mentioned in Individual or Joint Customer category. Partnership Account Bank’s prescribed Account Opening application form signed by the partners in front of BM/RM/CSM Certified copy of Partnership Deed/ Agreement List of the Partners with Address Extract of resolution of the partners Meeting Copy of valid Trade License Photograph of the signatories/ Partners Specimen signature card (To be signed by the signatories in front of BM/RM/CSM Introducer’s signature in the A/C opening form and at the back of the photograph(s) of Account holder(s). Identity of all Partners/ Directors must be verified in line with the requirements for personal customers. Where a formal partnership agreement exists, a mandate from the partnership authorizing the opening of an account and conferring authority on those who will operate it should be obtained. Evidence of the trading address of the business or partnership should be obtained and a copy of the latest report and accounts (audited where applicable). An explanation of the nature of the business or partnership should be ascertained (but not necessarily verified from a partnership deed) to ensure that it has a legitimate purpose.