Key Features & Benefits:

• Account can be opened with minimum USD 1000 (One Thousand)
• Attractive interest rate (benchmark rate + 1.5%)
• Freely transferable abroad
• Freely cashable/transferable in BDT
• Deposit up to USD 10,000 or its equivalent without declaration
• Deposit above USD 10,000 or its equivalent upon declaration on FMJ Form
• Outward remittance is allowed for bona fide purposes for dependents of the account-holder including but not limited to cost of travel, education for children, treatment, etc.
• Free air lounge access for RFCD account holders subject to maintaining a certain available balance.
• Online payment against purchase of goods and services from reputed and reliable sources abroad using International card against RFCD.

Restrictions:

• Joint applicant not allowed
• Proceeds of export of goods or services from Bangladesh or commission arising against business deals in Bangladesh are not allowed into this account
• Inward remittance not allowed

International Card

• International Prepaid card will be issued against the account

Note: For more updated information, please contact our Contact Centre at 16219 (from Bangladesh) and +880 96040 16219 (from overseas), or visit the nearest branch of Mutual Trust Bank PLC.

Last updated on 6th August, 2024

Eligibility:

• Nationality: Resident Bangladeshi with Valid National Identity Card (NID)/ Smart National Identity Card/Valid Passport
• Age: 18 Years and above
• Valid proof of travelling abroad (e.g. VISA/E-VISA along with Departure and Arrival stamp given by Immigration Authority in Passport).

Documents required for Opening Account:

• Duly filled and signed AOF (Account Opening Form)
• Recent Passport Size photo of the applicant
• NID – National Identity Card/ Smart National Identity Card/Valid Passport
• Supporting Documents for confirming Address
• Nominee related documents
• Copy of relevant pages of Passport and Visa
• Relevant page of Departure and Arrival Seal given from the Immigration authority of the related port.
• Source of Fund/Income Related document.
• Documents regarding declaration to Customs Authorities in form FMJ (For applicable cases).
• E-TIN Certificate (Optional).

Latest Acknowledgement Receipt of Income Tax Return/Income Tax Certificate in case foreign currency amount is equivalent to BDT 1 million or above.

Documents required for Opening Account:

While depositing foreign exchange to such account the depositor shall furnish written declaration, mentioning;

• The date of return from abroad and
• The amount of foreign exchange brought in. The declaration must confirm that the foreign exchange:
  (i) Is not a receipt against export of goods or services from Bangladesh.
  (ii) Is not a commission due from abroad arising from
  business deal in Bangladesh.