Gold Savings Account

-Monthly maintenance service charge: USD 10
-Annual fee: 0.25% / annum on the highest gold balance on your account in a calendar year

01. Prepare Required Documents

Individual customer:

-Duly Completed Account Opening Form
-Valid passport (a copy of page containing photo , name, and personal detail)
-Residential Address Proof (copy of utility bills, bank statements or credit cards statement. P.O. Box is not acceptable)
-Permanent Address Proof (if it is different from Residential Address)
-Bank Statement, Employment Letter or ATM Statement or tax returns (for Proof Source of Fund)
-Banker's Reference (if required)

For corporate:

-Duly Completed Account Opening Form
-Valid Business Registration Certificate
-Certificate of Incorporation and subsequent Certificate of Change of Name
-Memorandum and Articles of Association, “By-laws” or applicable constitutional documents
-Domicile business proof (e.g. L.C. copy, invoice, license, annual report etc.)
-Minutes / Resolution of the Board of Directors to open an a/c and confer authority on those who will operate it(if any)
-Bank Statement, Employment Letter or ATM Statement (for Proof Source of fund) Banker’s Reference (if required)
-Documents from Directors (at least 2 directors including managing director), Beneficial Owners and Authorized --Signatory (ies), Sole Proprietor and all Partners
-All Director's Identification Information (Name, ID No. and Type)

02. Submission and Approval

Submit full set of application to MGCB after preparation of required documents.

Bank Officer will review the application and adopt CDD and KYC to applicant.

After reviewing your application, MGCB will inform you if the bank account is successfully opened or require further information/documents to continue the process.

* Currently we require First funds-in from banks registered in countries under FATF (Financial Action Task Force); however, special cases will be considered on a discretionary basis.