Accounts
Current Account
Enjoy efficient cash management through cheque book facility, which can be especially useful for individuals who require frequent transactions without having to carry physical cash.
Choice of Currency
Available in currencies of your choice: USD. For other currencies, please contact the bank branches.
Save on Fees
Enjoy ZERO transaction fees!
Unlimited Withdrawals
Withdraw your funds any time, cash or non-cash forms, as long as your minimum ongoing balance is maintained.
Unlimited Replenishments
Allows unlimited cash or cheque deposit at our bank branches, at your convenience.
Current Account
Conditions
Conditions
| USD | EUR | |
|---|---|---|
| Initial Balance Residents | 100 | 100 |
| Initial Balance Non-Residents | 250 | 250 |
| Minimum Ongoing Balance | 50 | 50 |
| Interest Rate | No interest applied | No interest applied |
| Early Closure Fee (within 3 months) | 10 | 20 |
| Cheque book | 5 | N/A |
| Dormancy Fee | 10 | 10 |
| Stop Cheque Payment | 10 | N/A |
| Cheque Dishonor Fee | 60 | N/A |
| Service Charge (Bi-Annually) | 20 | 30 |
Note: All terms and conditions are subject to change to ICD Bank ,Sole discretion in changing without prior notice.
Current Account
How to Apply
How to Apply
Visit us in person, one of our staff will gladly walk you through the account opening procedures.
Current Account
Requirements
Requirements
- ID or Passport
- Certificate of Incorporation
- Local Business Registration
- Certificate of change of name (if applicable)
- Memorandum of Association
- Patent with Tax Identification Number (TIN)
- List of Board of Director & Board of Management (e.g. CEO/ President, etc.) (if applicable more than 1 shareholder)
- List of the shareholder & Ownership Structure of Company (if applicable more than 1 shareholder)
- Board of Director’s Resolution (if applicable more than 1 shareholder)
- Beneficial owner is a corporate entity (if applicable more than 1 shareholder)
- Declaration on Source of Fund