Current Accounts

A CBM Current Account gives you the convenience of managing your day to day business transactions efficiently. A Current Account is an essential tool for the efficient operation of your business.

The Essentials

  • Convenience of dealing with Online Banking and Mobile Banking
  • e- statement facilities directed to your preferred email address
  • Same day credit to CBM cheques deposited to your account
  • Option of opening the account in both USD and MVR

Learn more about Current Accounts

Benefits of Current Accounts

  • You can manage your daily transactions easily.
  • You can request the Bank to provide you with an overdraft facility which you can utilize as and when you need additional funds to carry out a transaction.
  • You can access and operate your account from any island, through Online Banking and Mobile Banking and through CBM ATMs.
  • You will receive the full face value of all local cheques you deposit to your account, regardless of the issuing Bank and its location.
  • Speedy realization of all cheques collected and issued. When you deposit a CBM cheque drawn on any Bank, proceeds of the cheque will be available the same day.

Opening A Current Account

If you are above 18 years of age you can open a Current Account at CBM with a minimum deposit of MVR 5,000 or USD 500

Please fill a Current Account application form and hand it over to the Bank.

Remember to take a valid identity document or passport. This is necessary for us to identify you.

Withdrawals

You can make withdrawals from our ATMs or over the Bank counter.
You can also issue cheques from this account up to the balance available in the account.

Terms & conditions apply

Product information and terms & conditions are subject to change from time to time.
Therefore, it is advisable to contact the Bank for the latest information and prevailing terms & conditions.

The Essentials

  • Convenience of dealing with Online Banking and Mobile Banking
  • e- statement facilities directed to your preferred email address
  • Same day credit to CBM cheques deposited to your account
  • Option of opening the account in both USD and MVR