Micro Current Account

Eligibility

• Sole proprietor, Partnership or Private Limited company registered with the Registry Of Companies (ROC) or incorporated in Negara Brunei Darussalam with less than 10 employees.
• Non-profit organizations such as mosques, government schools, welfare bodies within Government Departments, sport associations, societies or associations that are registered with the Royal Brunei Police Force (RBPF).

Requirements

• Initial Deposit of $50.00
• Minimum Daily Balance $50.00
• Required to register Scan To Pay (STP) or External Interface (EPI) Services.

• Sole-Proprietor:
• Original Identity Card
• Sole-Proprietor Authorized Signatory
• Original Certificate of Registration (Section 16 & 17)
• Instruction & E-Statement Authority Letter


• Partnerships:
• All partners Original Identity Card
• All partners Authorized Signatory(ies)
• Original Certificate of Registration (Section 16 & 17)
• Instruction & E-Statement Authority Letter


• Private Limited Company (SDN BHD):
• Original Identity Card all Board of Directors and Authorised Signatory(ies)
• Original Certificate of Incorporation
• Memorandum and Articles of Association
• Instruction & E-Statement Authority Letter
• Director Resolution

**Director Resolution requires: Authorized Signatories and E-Statement Recipients



• School
• Original Identity Card of Authorised Signatory(ies)
• Letter of Approval from the Ministry of Education
• Instructions on Authorized Signatory and Mandate, and recipient of the E-Statement


• Mosque
• Original Identity Card of Authorised Signatory(ies)
• Letter of Approval from the Ministry of Religious Affairs (Hal Ehwal Masjid)
• Instructions on Authorized Signatory and Mandate, and recipient of E-Statement
• Minutes of Meeting on Instruction (Minit Mesyuarat Ahli-Ahli Jawatankuasa Masjid)


• Others (Koperasi, Associations, Organizations, Tabung, Persatuan, Majlis Perundingan Kampong):
• Original Identity Card of Authorised Signatory(ies)
• Approval Letter from the Royal Brunei Police Force (RBPF) on the establishment of Society, Koperasi, Association, etc. (Certificate of Registration)
• Appointment Letter
• Instructions on Authorized Signatory and Mandate, and recipient of the E-Statement
• Minutes of Meeting on Instruction

Benefits

• 24/7 Cash Deposit Machine
• Access account anytime, anywhere through TAIBVX access
• Payroll bulk payment services
• E-statements to keep track of transactions and account balance
• Cheque book facility is available