Hi all,
is it difficult for expats to open a bank account in the Maldives ?
Which documents are required to open a bank account in the Maldives ?
How long does it take to open it ?
Is there any restriction for expats regarding the services (loans for instance) ?
Which bank would you recommend ?
Thanks in advance for your participation,
Julien
Opening a bank account in the Maldives
Julien
28 September 2011 09:43:18
52413
kaliweftie
29 September 2011 09:53:13
6
Hi Julien,
Basic documents are the same in any bank. Valid government IDs, proof of income, etc. The difference is that you need someone who will 'vouch' for you before you can open an account.
Loans and credit cards for expats? I am not so sure about that. Same thing, I guess.
You can try HSBC Maldives (high opening and maintaining balance though), Bank of Maldives and State Bank of India are also good choices. I'm with BML and their services are ok. Our company opened the account on our behalf and it only took about a week to open as long as all documents are submitted.
Hope this helps.
Harmonie
29 September 2011 11:29:11
19273
Thanks for your contribution kaliweftie!
Harmonie.
Subscribe to this topic
Articles to help you in your expat project in Maldives
Opening a bank account in the Maldives
If you plan to live, work or do business in the Maldives, you will need a bank account. Is it easy for expats to ...
Driving in the Maldives
When moving to any foreign country for a relatively long period of time, you will want to have an efficient way to ...
Travelling to the Maldives with your pet
If you are travelling to the Maldives for the long term, you may be wondering if it would be possible to bring ...
How to find a job in maldives.
I am a serial expat and have been working as expat in different countries and societies. lets talk straight about ...
Healthcare in the Maldives
Whether you are travelling to the Maldives for a short or long term, staying healthy and having access to quality ...
Taxes in the Maldives
So, you are considering working or opening a business in the Maldives. One of the questions on your mind will ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"