Foreign Currency Account (FC Account)


Eligibility/Target Segment

  • Bangladeshi Nationals residing abroad/NRBs/Dual Citizens with Bangladeshi origin.

  • Resident Bangladeshi nationals working with Foreign /International Bodies whose salary are disbursed fully and partially* in Foreign Currency.

  • Foreign Nationals residing in abroad or in Bangladesh.

  • Foreign Firms Registered abroad and operating in Bangladesh and abroad.

  • Foreign Missions and their Expatriate employees.

Note: *For partial Salary Disbursement only the portion in FC can be credited to this account.

Features

    This is a non interest bearing account.

    This account can be maintained in US Dollar, Pound, Euro or Japanese Yen.

    No initial deposit required for opening this account.

    The balance of this account is fully repatriable without any prior permission from Bangladesh Bank.

    Local disbursements can be made freely in BDT only at the prevailing exchange rate.

    Option to have a mandate holder to maintain the account in absence of the account holder.

    Cheque book facility is available with this account.

Permissible Credits

  • Inward remittance.
  • Transfer from any other Foreign Currency Accounts of abroad.
  • Non Residents Taka Accounts of Banks abroad.
  • Can be also credited from the convertible foreign exchange i.e. currency notes, travelers cheques, drafts etc. brought into Bangladesh while NRBs’ temporary visit. However, if it exceeds US 5000 (or its equivalent) then should be declared to the customs on "FMJ form" at the time of arrival.

Permissible Debits

  • Local withdrawals can be made in taka only.
  • Freely transferable/repatriable to the own account/any beneficiary Accounts maintained abroad from the balance.

Required Documents FC Accounr (Individual)

For Bangladeshi Nationals Residing abroad (NRBs)/Dual Citizens with Bangladeshi origin

  • Two Copies of passport sized recent photographs of the Applicant.
  • Photocopy of first six pages of the Bangladeshi passport. In case of foreign passport, photocopy of the page that says ‘no visa required to travel to Bangladesh’
  • Copy of Valid Visa/Work Permit/ Resident Card.
  • Proof of income i.e. Salary / Pay Slip, Job Contract letter /Tax Certificate/Business license /overseas bank statement (not old than three months from the account opening date) or any other document that proofs applicant legitimate income source.

    Note: At least one of the following documents as proof of overseas address (photocopy):

  • Work ID.
  • Resident Permit.
  • Utility Bill.
  • Pay Slip.
  • Driving License.
  • Government issued ID card.
  • Credit Card Bills.
  • Rent Receipts.
  • Over seas Bank Statement.
  • One copy of passport sized photograph of the Nominee attested by the Applicant.
  • Duly Filled in Account opening Form.

For Bangladeshi Nationals Residing in Country

  • Two Copies of passport sized recent photographs of the Applicant.
  • Photocopy of first six pages of Bangladeshi passport.
  • Proof of income i.e. Salary / Pay Slip, Job Contract letter or any other document that proofs applicant legitimate income source in Foreign Currency.
  • Copy of local address proof document (Rental agreement, Utility Bill etc.).
  • One copy of passport sized photograph of the Nominee attested by the Applicant.
  • Duly Filled in Account opening Form.

For Foreign Nationals residing in abroad or in Bangladesh/Foreign missions’ Expatriate Employees

  • Two Copies of passport sized recent photographs of the Applicant.
  • Copy of Valid Passport the Applicant.
  • Copy of Valid Visa (if the Applicant is residing in Bangladesh only).
  • Copy of BOI Permission Visa (if the Applicant is residing in Bangladesh only).
  • Proof of income i.e. Salary / Pay Slip, Job Contract letter ,business account statements, Tax Certificate or any other document that proofs applicant legitimate income source.
  • Any local Address proof document.
  • copy of passport sized photograph of the Nominee attested by the Applicant.
  • Duly Filled in Account opening Form.

Required Documents for assigning a Mandate Holder

  • One copy passport size photo of the Mandate (Attested by the Applicant).
  • Valid photo ID of the Mandate.
  • Address proof document of the Mandate.
  • Duly filled in Mandate Authorization Form.

Steps: FC Account

  • Step 2: Please fill up the required information and put your sign on it.
  • Step 3: Attach the required documents.
  • Step 4: Please Send the Account opening Form and required documents through international postal mail to the following address:


  • Midland Bank NRB Banking Services
    Head Office Annex
    Zahed Plaza (Level 10)
    30 Gulshan Avenue
    Gulshan 2, Dhaka 1212
    Bangladesh



    For any clarifications, please e-mail at nrb.banking@midlandbankbd.net

FC Account Download Forms

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For details, please feel free to contact any of our MDB NRB Service, Head Office

Media Room

Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

PBX: (+88) 096 66 410 999 Ext.999-216

nrb.banking@midlandbankbd.net