How to Open a New Bank Account
There are various kinds of Bank Accounts which people are looking for. These account’s opening go through some procedure. Required information for opening a bank account varies from bank to bank. Following are the most common information required with every bank.
Individual and Joint Account (Salary and Current)
Bank’s prescribed Account opening application form (to be signed by the applicant in front of respective bank personnel),
Two Passport Size Photographs of the Account holder(s) attested by the introducer,
Specimen Signature Card (To be signed by the applicant in front of respective bank personnel),
Estimated Transaction Profile, and
Any of the following Identification Documents (Current valid passport/ Valid driving license/ Voter ID Card/ Armed Forces ID card/ A Bangladeshi employer ID card bearing the photograph and signature of the applicant/ 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/ Trade license with photograph can be accepted for individual’s identification), i.e. any document showing photograph, signature and address of the customer issued from a dependable authority (Managers and Supervisors have to apply judgment) are acceptable.
TIN Number.
One Passport Size Photographs of the Nominee(s) attested by the Account holder.
All photocopies should be verified with the original and attested by an authorized officer of the Bank.
Sole Proprietorship Account
Bank’s prescribed Account Opening application form.(to be signed by the applicant in front of respective bank personnel),
Two Passport Size Photograph of the Proprietor attested by the introducer,
Specimen Signature Card (To be signed by the applicant in front of respective bank personnel),
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, and
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 specified from,
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, and
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 Firm Account
Bank’s prescribed Account Opening application form signed by the partners in front of respective bank personnel,
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 respective bank personnel,
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), and
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.
Foreign Currency Account Opening
Foreign currency account is a product where an account holder can keep his / her money in any specified foreign currencies and convert them into Taka as required. Bangladeshi nationals residing abroad, foreign nationals residing abroad or in Bangladesh, foreign firms registered abroad and operating in Bangladesh or abroad, and foreign missions and their expatriate employees in Bangladesh can open Foreign Currency (FC) accounts.
Required documents and information for foreign currency account
To open a Foreign Currency Account one has to apply to the branch manager generally notifying -
Which currency he / she would like to operate in,
Name of the account holder,
Passport number,
Date of passport issuance,
Name of the passport issuing authority,
Present foreign address,
Present local address,
Telephone number,
Address of the nominee.
Organisation
Web Link
AB Bank Limited
http://www.abbank.com.bd
Agrani Bank Limited
http://www.agranibank.org
Al-Arafah Islami Bank Limited
http://www.al-arafahbank.com/
Bangladesh Commerce Bank Limited
http://www.bcbl-bd.com
Bangladesh Development Bank Limited
http://www.bdbl.com.bd
Bangladesh Krishi Bank
http://www.krishibank.org.bd
Bank Al-Falah Limited
http://www.bankalfalah.com
Bank Asia Limited
http://www.bankasia-bd.com
BASIC Bank Limited
http://www.basicbanklimited.com
BRAC Bank Limited
http://www.bracbank.com
Citibank N.A
http://www.citi.com/domain/index.htm
Commercial Bank of Ceylon Limited
http://www.combankbd.com
Dhaka Bank Limited
http://www.dhakabank.com.bd
Dutch-Bangla Bank Limited
http://www.dutchbanglabank.com
Eastern Bank Limited
http://www.ebl-bd.com
EXIM Bank Limited
http://www.eximbankbd.com
First Security Islami Bank Limited
http://www.fsblbd.com
Habib Bank Ltd.
http://www.habibbankltd.com
ICB Islamic Bank Ltd.
http://www.icbislamic-bd.com/
IFIC Bank Limited
http://www.ificbankbd.com
Islami Bank Bangladesh Ltd
http://www.islamibankbd.com
Jamuna Bank Ltd
http://www.jamunabankbd.com
Janata Bank Limited
http://www.janatabank-bd.com
Meghna Bank Limited
Mercantile Bank Limited
http://www.mblbd.com
Midland Bank Limited
Mutual Trust Bank Limited
http://www.mutualtrustbank.com
National Bank Limited
http://www.nblbd.com
National Bank of Pakistan
http://www.nbp.com.pk
National Credit & Commerce Bank Ltd
http://www.nccbank.com.bd
NRB Commercial Bank Limited
One Bank Limited
http://www.onebankbd.com
Premier Bank Limited
http://www.premierbankltd.com
Prime Bank Ltd
http://www.prime-bank.com
Pubali Bank Limited
http://www.pubalibangla.com
Rajshahi Krishi Unnayan Bank
http://www.rakub.org.bd
Rupali Bank Limited
http://www.rupali-bank.com
Shahjalal Bank Limited
http://www.shahjalalbank.com.bd
Social Islami Bank Ltd.
http://www.siblbd.com
Sonali Bank Limited
http://www.sonalibank.com.bd
South Bangla Agriculture & Commerce Bank Limited
Southeast Bank Limited
http://www.sebankbd.com
Standard Bank Limited
http://www.standardbankbd.com
Standard Chartered Bank
http://www.standardchartered.com/bd
State Bank of India
http://www.statebankofindia.com
The City Bank Ltd.
http://www.thecitybank.com
The Hong Kong and Shanghai Banking Corporation. Ltd.
http://www.hsbc.com.bd
Trust Bank Limited
http://www.trustbank.com.bd
Union Bank Limited
United Commercial Bank Limited
http://www.ucbl.com
Uttara Bank Limited
http://www.uttarabank-bd.com
Woori Bank
http://www.wooribank.com