Caution

If you receive any calls (except from BoB Contact Center when you have lodged a concern with them +975 2 349903), SMS and email asking for personal details such as account number or ATM card number, please do not share. Bank of Bhutan will never ask for personal details of clients. It’s all spam.

Notification on ATM Withdrawal Charge

All customers are requested to note that cash withdrawals from other bank’s ATM machines are chargeable @Nu 9/- per withdrawal transaction from the sixth transaction onwards, and is recovered at each month end. This is a common charge across banks and as mandated by the Central Bank.

Bank of Bhutan offers you an easy and safe way to conduct all your Banking Operations. With BoB Current Account get your cheques collected quickly, make easy payments & withdrawals. Bank will also execute Standing Instructions (SI) on your behalf to make Banking experience smooth.

ELIGIBILITY

Current Deposit Account can be opened by:

  • Individual, either or survivor, jointly with other individuals, anyone or survivor
  • Firms – Sole Proprietorship/Partnership
  • Clubs, Societies, Associations
  • Limited Companies, Government Corporations, etc.

REQUIRED DOCUMENTS

EligibilityDocuments Required
1. Individual, either or survivor, jointly with other individualsTwo passport sized photographs
Citizenship Identity Card/Passport photocopy
An Introduction by our Bank CD Account holder for the last six Months
Rubber stamp and business license for individual businessman
2. Firms – Sole ProprietorshipTrade License photocopy
Citizenship Identity Card/Passport photocopy
Letter of Authority & photographs of the persons operating the Account
Rubber stamp of the firm
Introducer (who has CD account with Bank)Two passport sized photographs of the proprietor
3. PartnershipPartnership Deed
Trade License Photocopy
Citizenship Identity Card/Passport photocopy of Partners
Rubber stamp of the firm
Introducer (who has CD Account with Bank)Two passport sized photographs of the each partner
Copy of the latest financial returns of the partnership
Any official valid document identifying the partners and the persons having power of attorney and their address
4. Clubs, Societies, AssociationsApplication letter
Article of association
Certificate copies of by-law/rules/constitution of the club
Board Resolution2 passport sized photographs of each officer holder
Citizenship Identity Card copies of each officer holder
Rubber stamp
Copy of the latest financial reruns of the company or, if no return is available, an estimate of annual income
5. Limited Companies, Government Corporations, etc.Memorandum & Article of Association
Copy of Board of Directors resolution Authority of the Company to open & operate the Account
Citizenship Identity Card copy of the directors and key executives
Trade License2 passport sized photographs of the directors and key executives
Certificate of Incorporation
Rubber stamp of the company
Letter of authority (Signature of authorised person who will conduct bank transaction)The latest financial returns of the company or, if no return is available, an estimate of annual income
Minimum BalanceNu.1,000/-

DORMANT ACCOUNT

All dormant current accounts will be levied a dormancy fee of Nu.200/-per annum.

CHEQUE BOOKS

To enable customers to withdraw money or make payments to third parties, the Bank supplies Cheque Book containing printed cheque leaves to customers. Cheques should be kept under lock and key and bank should be informed immediately in case of theft or misplacement.

STANDING INSTRUCTIONS (SI)

SI refers to the instruction given by the customers to the Bank to undertake certain transactions weekly, fortnightly, monthly, quarterly, half-yearly or annually on their behalf. However, customers should make sure that their account has sufficient balance to carry out the instructions. No charge/additional charge will be made for noting standing instructions(SI). Our usual charges while undertaking SI, like exchange on drafts, postage etc. would however, be recovered from the account along with the amount remitted or transferred.

CLOSURE OF ACCOUNT

Account can be closed as and when desired by the account holder with reason specified in the account closure form. An account can be closed only at the request of all signatories.