Accounts
Current Account
Current Accounts enable an easy access to your funds with your personalised cheques at hand. Our customers can open current accounts in SCR as well as in major foreign currencies such as EUR, GBP and USD.In order to open Current Accounts in foreign currencies, customers need to have a minimum deposit of either GBP 100 or USD 200 or EUR 150.
Companies
Company’s Documents:- Company’s Certificate of Registration
- Company’s Memorandum of Association
- Article of Association (optional)
- Declaration of Compliance
- Particulars of registered Directors of the Company
- Registered office
- Identity card or copy of passport for the Directors & signatories to the account
- Business licence
- Latest audited financial report (if an existing business having operated for over 1 year)
- Company’s Board resolution for the account opening
- Bank reference for the directors/shareholders if not known to
MCB Seychelles
Partnerships
- Registration of business name
- Identity card or copy of passport for person(s) signing on the account
- Business licence
- Partnership agreement
- Instruction letter for opening of account signed by all partners
- Bank reference for the partners/business if not known to the Bank or an existing business
- Confirmation of address by utility bill or other legitimate documents
Sole Traders
- Registration of business name
- Identity card or copy of passport of owner
- Confirmation of address by utility bill or other legitimate documents
- Business licence
- Bank reference of owner/business if not known to the Bank or an existing business (or bank statement for the previous 6 months)
Fixed Deposits
Fixed Deposits can be opened in SCR, EUR, GBP and USD.The time periods of the Fixed Deposits in SCR range between
three months and two years.
For Fixed Deposits in EUR, GBP and USD, the time-periods range from three months to twelve months.
Our floating interest rates are indexed to the Savings Base Rate for SCR deposits and to the European and London inter-bank rates for Foreign Currency deposits. Preferential rates may be negotiated with the Bank for deposits of longer term or significant amount.
Terms and conditions may be reviewed periodically without prior notice.
Call Account
For your short-term investments, this account provides a viable return on placement.The conditions governing this account type are:
- Minimum deposit to open an account: SCR 50,000
- Withdrawals permitted at any time provided seven days prior notice is given
Terms and conditions may be reviewed periodically without prior notice.