Tiered Account

A current account that allows you to get more value out of your money, the more you save.

Features & Benefits

  • Earn dividends and maximise the value of your money; the more you save, the more you get
  • Enjoy the convenience of cheque payments
  • Largest network of ATMs and bank branches
  • Access your account anytime, anywhere through BIBD Corporate Internet Banking
  • Monthly bank statements are given to help you track your transactions and account balance
  • Pay your Zakat conveniently using our Zakat counter services
  • Shariah Concept
    • Wakalah

      The Depositor ("Muwakkil") enters into a Wakalah Agreement with the Bank ("Wakil") and deposits a certain amount of money to the Bank to be utilized and invested in profitable Shariah-compliant transactions. The Depositor will be offered the expected profit rate from the Investments and the Bank will earn a Wakalah fee for the service rendered. Any amount that the Bank earns in excess of the Depositor's expected profit (after deducting the Wakalah fee) will be retained by the Bank as incentive.

  • Eligibility

    Companies registered or incorporated in Negara Brunei Darussalam, either in the form of a proprietorship, partnership or private limited company.

  • Required Documents

    For Proprietorship & Partnership Company:

    • Certificate of Registration - Section 16 and 17
    • Original copy of identity card(s) of the proprietor/partners/signatories

    For Private Limited Company:

    • Certificate of Incorporation
    • Particulars of Directors and Shareholders (Form X)
    • Original copy of identity cards of the directors/signatories
    • Directors' Resolution to open/maintain term Investments
  • Fees and Requirements
    • Minimum Opening Deposit

      No minimum opening deposit. Account will automatically be closed if zero (0) balance, six (6) months after opening of account.

    • Maintenance Fee

      BND 12.00 per month if average monthly balance falls below BND 1,000.00.

    • Cheque Book Fee

      BND 0.10 per cheque leaf, up to BND 5.00 per book (50 leaves)

    For more details, please refer to the Bank's Schedule of Tariffs.

Click to view General Wakalah Terms & Conditions of Deposit Products in English and Malay.

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