OVERVIEW
Manage all your business transactions in a single account with the option of issuing cheques for payments.
Key Features & Benefits
Choice of Currencies
Available in Brunei Dollar (BND) and foreign currencies.
Extra Security
In case of emergencies, you can make use of overdraft facilities to meet any urgent need for cash.
Convenience and Simplicity
Bank at your convenience with services such as ATMs and our Business I-Banking service which offers 24/7 access to your accounts.
Convenient Automated Transfers
Arrange for automatic monthly fund transfers and bill payments with Standing Instructions.
Cheque Payments
Transact conveniently using cheques instead of carrying around large sums of cash.
- Eligibility Criteria
- Required Documents
- Fees & Charges
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Eligibility CriteriaEligibility CriteriaMinimum initial deposit of BND2,000.
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Required DocumentsRequired DocumentsCOMPANY ACCOUNT
All accounts must be opened at a Baiduri Bank branch in person.
1. Sole Proprietor or Partnership- Certificate of Registration – Section 16 & 17
- Sole proprietor or partners’ valid identification documents as per Section 17 and the Bank’s proof of identity requirements for individuals¹
- Authorised signatories’ valid identification documents (Identity card or passport)
2. Limited Companies- Mandate for Account – Limited Company
- Certification of Incorporation of Private Company
- Form X (if applicable)
- Printed copy of Company Extract
- Memorandum & Articles of Association
- Return on Allotment of Shares
- Valid Identification documents for all shareholders²
- Board Resolution signed by all directors
- All directors’ valid identification documents as per Form X and the Bank’s proof of identity requirements for individuals¹
- Authorised signatories’ valid identification documents (identity card or passport)
3. Society, Club or Association- Approval letter from Registrar of Societies or an appropriate authority approving the formation
- Committee Minutes of Meeting signed by the Chairperson
- Chairperson and authorised signatories’ valid identification documents (identity card or passport)
- Constitution of the organisation
- List of current office bearers and members of the governing body or committee
- 1 Please see Personal Current Account for identification requirements.
- 2 If the significant shareholder is a limited company or partnership, valid identification documents of the limited company’s shareholders (signed by shareholders and originals sighted by Bank staff) are required. A copy of the Annual Return on Allotment of Shares of the significant shareholder i.e. the limited company is also required for verification of shareholding.
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Fees & ChargesFees & ChargesAdditional FeeAn additional BND 30 is required for ROC Verification. ROC verification refers to the process by which the Registrar of Companies (ROC) in Brunei verifies information and documents. This ensures compliance with legal requirements and maintains accurate company records.
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