Corporate Banking
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BS Corporate Current Account (everyday business account) enables you to run your business in modern-day world with speed, accuracy, and confidence as well as enjoying professional and personalized service from our dedicated corporate relationship managers.
An everyday business account is a flexible way to conduct your business banking, it's designed to fit with the nature of your business, our accounts will help you to manage your cash flow and make your everyday banking simple and fuss-free.
- Letter of request to open an account (from owner/s or board of directors).
- Original/valid Business registration certificate.
- Proof of Identification and address of the Firm/ postal address.
- Authorized signatory, their passports/IDs- original
- Memorandum and Article of association.
- IDs /passports of partners.
- Completed and signed Application Form.
- Unlimited transactions.
- Free monthly statement of account.
- Dedicated relationship managers.
- Access to international payments.
- Salary transfer packages.
- SMS notifications.
- Free online Banking tool to your accounts.
- Unlimited online transfer through online.
- Bank cards
- Access to IBS Business Financing opportunities.
IBS Bank Business First Account
- Letter of Request to Open an Account
- Business Registration Certificate
- Proof of Address (physical and postal)
- Minimum Deposit of $10,000
- Unlimited transactions
- Free monthly statement of account
- Dedicated relationship managers
- Access to international payments
- Salary transfer packages
- SMS notifications
- Free online Banking tool to your accounts
- Unlimited online transfer through online
- bank cards
- Access to IBS Business Financing opportunities
BS Sole Proprietorships accounts allow you to take and make payments and manage your cash flow with an IBS Online Banking, 24/7 access, and more, all for a free monthly fee. Having a business bank account will keep your personal and business finances separate.
- Letter of request to open an account
- Business Registration Certificate
- Proof of address (physical and postal address)
- Letter of Request to Open an Account
- Unlimited transactions
- Free monthly statement of account
- Dedicated relationship managers
- Access to international payments
- Salary transfer packages
- SMS notifications
- Free online Banking tool to your accounts
- Unlimited online transfer through online
- bank cards
- Access to IBS Business Financing opportunities
IBS recognizes the need for Government institutions for their daily and monthly banking transactions. IBS offers services to Government Institutions such as bulk salary management, investments, and project completions.
- Filled IBS application form/ KYC and Specimen signature card
- Appointment letter/official document for the Minister
- Letter from Ministry of Finance (MOF) stating to open an account.
- Authorized persons for dealing with the account, limits of such person and authority signed by the Minister or Deputy Minister or general Director (Agasime guud). And when new Minster appointed or make any changes, the bank should be notified about those changes
- Letter of request to open such account from the Ministry and the purpose of its usage signed by Minister or deputy Minster or General Director (Agasime guud).
- IDs /Passports of the operating individuals of the account as well their addresses
- Proof of Identification and address of the Ministry/postal address
- All payment receipt that considers government revenue will be transferred to Central Bank.
- Unlimited transactions
- Free monthly statement of account
- Dedicated relationship managers
- Access to international payments
- Salary transfer packages
- SMS notifications
- Free online Banking tool to your accounts
- Unlimited online transfer through online
- bank cards
- Access to IBS Business Financing opportunities.
Foundations/ Charity Account
- Letter of request to open an account and Power of Attorney granted to persons to transact the business of its behalf.
- Certificate of Registration.
- Original Copy of Constitution document.
- Certified copy of the resolution signed by all in regard to the conduct of the account
- Any document listing out the names and addresses of trusts. Settlers, beneficiaries, and those holding power of Attorney and other key officials involved in the day to day management of trust/ foundation to the satisfaction of the Bank.
- Proof of physical and postal address.
- Unlimited transactions
- Free monthly statement of account
- Free Cheque Book upon account opening
- Dedicated relationship managers
- Access to international payments
- Salary transfer packages
- SMS notifications
- Free online Banking tool to your accounts
- Unlimited online transfer through online
- bank cards
- Access to IBS Business Financing opportunities.
IBS NGOs Current Account is a specialized product designed to cater to the banking needs of Non-governmental Organizations (NGOs) carry on various transactions conveniently and receive unique and innovative financial solutions that are Sharia-compliant in an ethical and transparent manner.
- Letter of request to open an account
- Certificate of Registration
- Full financial statement
- Authorized Signatories’ IDs
- Article of Association
- Unlimited transactions
- Free monthly statement of account
- Dedicated relationship managers
- Access to international payments
- Salary transfer packages
- SMS notifications
- Free online Banking tool to your accounts
- Unlimited online transfer through online
- Bank cards
- Access to IBS Business Financing opportunities.