Charged upon account open.
UBOs and Directors will not be charged account opening fees if applying with their corporate account at the same time.
* Please refer to our Fee Schedule for more information.
01. Prepare Required Documents
-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)
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.