BNCTL
“If you need an account to save your excess fund, the savings account is the choice. You may however withdraw your money, through counters in any BNCTL branches, ATMs and shopping with BNCTL POS, installed across territory of Timor-Leste.”
Requirements Individual:
1. Current Photography Mid-Body 3x4 colored Hold 1/ can be taken right on the bench.
2. Copy of Voter Card/BI/Passport will be valid (Minimum 2 (two) Identity Cards).
3. Work Visa/Residence Visa/Special Stay Authorization (Foreign Personnel).
4. Work visa/passport and declaration of identity certified by the Embassy or Consulate or Timorese public entity (Personal non-residence).
Terms and Conditions:
Minimum account opening amount: $10.00.
Quantity Imitate ATM Card: $ 4.00.
Minimum Amount earns: $50.00 interest.
Interest Rate: 0.50% (per annum).
Account Maintenance Fee: $0.50/Month.
Account Closure Fee: $2.50.
There is no restriction on the amount to deposit.
“The Pledged Savings Account is for the fixed savings of the microfinance group members. The amount of the pledged savings is voluntarily decided during the group’s meeting and registration with the IMFTL. It is collected by the IMFTL loan field staff during the Center meeting of the group.”
Requirments:
1. Colour copy of current passport size photo (3x4) can be taken directly at the Bank.
2. Copy of valid Electoral Card/Identity Card (BI)/Passport (Minimum copies of 2 identity card).
3. Work Visa/Residential Visa/Special Stay Visa (Applicable for Non-Residence/ Foreigners).
4. Evidence of Certificate/Deed of Registry (from the Notary Ministry of Justice).
5. Statute (Certified by the Notary Ministry of Justice).
6. Authorisation letter from the Director and/or the responsible staff for account opening, with official company's signature (if available).
7. Authorisation Letter for Bank Account Transactions (if available).
8. Company's Location Map.
9. Structure.
Terms and Conditions:
1. No passbook.
2. You must be: 17 years of age or older
3. NOTE: Minors cannot open a microcredit account.
4. The minimum amount at this time is $1.00.
5. Minimum balance with interest of US$10.00.
7. 0.50% one-way interest rate.
8. Unrestricted deposit.
“This savings specifically targeting elderly and disables who received subsidies from the government on regular basis.”
Terms and Conditions:
1. Non-interest bearing.
2. Minimum deposit amount to open account (not required).
3. Minimum balance USD 2.00.
4. Maximum balance (no limit).
5. Closing account fee charge USD 2.00
Requirements:
1. Current Half Body Photo 3x4 color Hold 1 / can be taken directly at the Bank.
2. A copy of the Electoral Card/RG/Passport (Minimum 2 (two) Identity Cards) will be valid.
“This service will be offered to women with no income or with minimum income, the support will be provided through MSSI and INSS.”
Terms and Conditions:
1. Beneficiaries from the Ministry of Social Solidarity and Inclusion (MSSI) and the National Institute of Social Security (INSS).
2. Minimum account opening amount (optional).
3. Minimum Balance USD 2.00.
4. Unlimited Maximum Balance.
5. Account closing costs USD 2.00.
6. The issuance of ATM debit cards is charged USD 2.00 (applies according to other terms of use of ATM debit cards for IDIN and BDM points 11 and 12).
7. Open an account for the letter of request along with the list from MSSI and INSS.
Requirements:
1. 1 colour copy of current passport size photo (3x4) or can be taken directly at the Bank.
2. Copy of valid Electoral Card/Identity Card (BI)/Passport (Minimum copies of 2 identity card).
“Deposits is designated to Veterans who have received recognition or distinction as the Heroes of the National Liberation based on the applicable Law and are eligible for the monthly pension payment.”
Asuwa’in Deposit Facility:
1. You can deposit and withdraw money from any branch and unit of BNCTL in 13 municipalities and use the services provided by the bank such as ATM, POS, internet banking and transfer. The bank will issue a debit card on request.
2. Transactions can be made through the BNCTL movies bank that visits the veteran's residence.
3. It can be used as collateral to access the credit facility with subsidized interest.
4. Able to access other banking technology facilities.
5. As a means of receiving and withdrawing veterans' pensions.
Requirements:
1. Actual Photography Half Body 3x4 colored Hold 1 / can be taken directly at the Bank.
2. Copy of Voter Card/BI/Passport will be valid (Minimum 2 (two) Identity Cards).
3. Copy of Veterans Card or Fixed Document.
General Conditions:
Minimum Account Opening Amount USD 10.00.
ATM Card Issue Amount USD 4.00.
Minimum amount earned interest USD 50.00.
Account Maintenance Fee USD 0.50/Month.
Interest will be based on the updated BNCTL Premium.
You can withdraw money at any BNCTL branch and unit in 13 municipalities.
You can use the services provided by the Bank such as ATM, POS, Internet Banking, and Transfer.
It can be used as collateral to access credit facilities.
“A deposit with a long-term and good interest rate. Hau Nia Futuru Deposit Special for Children Aged 0-17 Years.”
Terms and Conditions:
Citizens aged 0-17 years.
The minimum account opening amount is USD 1.00.
Maximum deposit of $100.00 per month but subject to AML/FT requirements.
The interest rate is 1.5% per annum and will be paid monthly based on the daily balance.
Withdrawal is only allowed after the account owner turns 17 years old, in case the account owner dies it can be taken by the legal representative according to the decision of the court.
Other Conditions:
1. Early Withdrawal: Only allowed after the Account Owner turns 17 or in case of Account Owner Death can be taken by the Legal Responsible (Applicable to My Future Account) according to the decision of the Court.
2. This account can be opened at any BNCTL Agency and the Bank must provide relevant information to the customer so that they can understand the application of the Terms and Conditions in My Future Account.
3. Only one person for Every Account My Future.
4. If While withdrawing too early, if no Interest is earned.
Requirements:
1. Actual 3x4 colored Half Body Photograph (Mother / Father + Child) / can be taken directly at the Bank.
2. Children's Baptism/RDTL Certificate.
3. Voter Card/BI/Passport (Minimum 2 (two) Identity Cards of Mother/Parent/legal representative).
“This deposit account is to facilitate the Timorese Emigrant who are living and working abroad who want to save their money at BNCTL.”
Requirements:
1. Current Photograph Mid Body 3x4 Color Hold 1/ can be taken directly at the Bank.
2. Copy of Voter Card/BI/Passport will be Valid (Minimum 2 (two) Identity Cards).
3. Letter of Recommendation from the Secretariat of State for Vocational Training and Employment (SEFOPE) for the posting of immigrants abroad.
Terms and Conditions:
Minimum Account Opening Amount: USD 10.00.
Minimum Amount earns interest of: USD 500.00.
Account Maintenance Fee: USD 0.50/Month.
Account Closure Fee: USD 5.00.
“This deposit is designed for the Students at Secondary and Tertiary level, to save their money for relevant academic needs and to fulfil their daily needs.”
Objective:
1. Promote knowledge of the importance of banking services.
2. Facilitate easy and fast financial access to academic needs.
3. Promote a culture of saving and good financial management and educate secondary and high school students to develop their own wealth through savings.
General Conditions:
This product is a savings account for Timorese and foreign students studying in Timor-Leste.
Intended for students studying in secondary and higher education.
The minimum account opening amount is USD 1.00.
Account maintenance costs USD 0.10/month.
Account closure costs USD 1.00.
Competitive interest rates based on BNCTL's updated price list.
The cost of issuing or replacing notebooks and ATMs will be based on the updated BNCTL price list.
The account will be inactive if there is no movement for 6 (six) months.
The account will be inactive upon graduation from the University or Institution, after 6 (six) months.
Facility:
Transactions can be made at BNCTL branches and units in 12 municipalities and RAEOA, ATM, POS, Internet Banking, Mobile Banking, E-Wallet, or payment agencies available to make transactions and other means that the bank will apply in future.
Requirements:
1. Current Photography Mid Body 3x4 colored Hold 1 /can be taken directly at the Bank.
2. Copy of Voter Card/BI/Passport will be valid (Minimum 2 (two) Identity Cards).
3. Show Student Card / Notebook.
“This service will be offered to public servants and private sector staff who are at the retirement age or who are still actively working but are thinking and wanting to prepare resources for their non-active time and when they retired.”
Objective:
1. To ensure sustainability for continued well-being after retirement.
2. To save money during active and then retirement for life (productive years -78) and for children and grandchildren.
General Conditions:
Initial deposit $10.00 (includes notebook).
ATM Card Issue Amount $4.00.
Maximum Account Opening Age ≥25.
The interest rate is 1.5% per annum and will be paid monthly based on the daily balance.
Interest Applicable to Minimum Balance $≥50.00.
The Pensioner Deposit is an individual savings account for all Timorese who are active or retired over the age of ≥50.
Survey flexibility.
Facility:
Transactions can be made at BNCTL branches and units in 12 municipalities and RAEOA, ATM, POS, Internet Banking, Mobile Banking, E-Wallet, or payment agencies available to make transactions and other means that the bank will apply in future.
Requirements:
1. Actual 3x4 colored Half Body Photography one/can be taken directly at the Bank.
2. Copy of Voter Card/BI/Passport will be valid (Minimum 2 (two) Identity Cards).