Sumariu

Terms and Conditions

  • Checking account available for personal and business entities.
  • Those at the age of maturity, above 17 years old and those who have legitimate use of checks in facilitating payment transactions can open a checking account. 
  • Access to account over the counter during office hours in all branches
  • Check facility available
  • Minimum amount to open account $100.00
  • Minimum maintaining balance $100.00
  • Interest bearing "0.25% on daily average balance minimum $50,000.00"
  • Standing Instruction facility.
  • Monthly account maintenance fee $1.00

Documents Requirement

  • Articles of Association or Business Registration Form (accepted temporarily);
  • Documents authorizing directors and/or officials to open bank accounts and to sign on behalf of the entity;
  • Names of directors or officials with its complete address;
  • Identification number of each director and official (e.g. National ID, passport);
  • Country of incorporation / registration;
  • Tax Identification Number (TIN) in Timor-Leste;
  • Copy of financial statement for the last three financial years or copy of the fiscal income statement;
  • List of authorized signatories and specimen signatures.