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.

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.
The Essentials
  • Convenience of accessing your account through ATMs, Online Banking and Mobile Banking
  • e-Statement facilities directed to your preferred e-mail address
  • Same day credit to CBM cheques deposited to your account
  • Option of opening the account in both USD and MVR
Apply Now