Eastern Bank PLC. | EBL Skybanking

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Digital Banking
EBL Skybanking

Fund Transfer

The EBL Skybanking fund transfer feature enables users to transfer funds conveniently from their accounts or cards to other EBL accounts, EBL cards, and accounts at other banks. Using NPSB for quick inter-bank transfers, RTGS for real-time high-value transactions, and BEFTN for reliable electronic fund transfers, our versatile and secure service enhances banking efficiency. Enjoy the ease of online banking and ensure your transactions are completed swiftly and securely in EBL Skybanking.

My Banking

My Banking is a feature that allows users to effortlessly manage their finances. With this service, users can transfer funds between their own accounts, recharge their own mobile numbers, make MFS transfers to their own MFS account, and pay their own credit or prepaid card bills—all without an OTP. Simplify your digital banking experience with My Banking and take control of your financial transactions with ease in EBL Skybanking.

Schedule Transfer

The Schedule Transfer feature allows users to plan their fund transfers for a future date. This convenient option lets users set up transfers in advance, ensuring their transactions are executed automatically at the specified time. Enjoy the flexibility and peace of mind that comes with knowing your scheduled transfers will be handled seamlessly by our banking app, EBL Skybanking.

Certificates

The Certificates feature in EBL Skybanking allows users to effortlessly download various certificates, including Account Certificates, Tax Certificates for Accounts, Balance Certificates, DPS Certificates, Loan Outstanding Certificates, NOCs Against Loans, and Loan Tax Certificates. Access important documents whenever needed with ease, streamlining your digital banking experience with EBL Skybanking.

Receipt

The Receipt feature enables users to download and share receipts after completing a transaction through EBL Skybanking. This provides a convenient way to keep and distribute transaction records as needed. Keep track of your financial transactions and ensure you have all necessary documentation at your fingertips.

Statement Download

EBL Skybanking now offers a convenient "Statement Download" feature. Users can effortlessly download their bank statements for any period up to the past 6 months. Stay on top of your finances by accessing detailed account statements directly from our online banking platform, EBL Skybanking.

Mobile Recharge

Recharging mobile credit through EBL Skybanking is fast and easy. Ensure you stay connected by recharging your and other’s mobile numbers directly through our mobile banking app, EBL Skybanking. Enjoy seamless digital banking services that cater to your everyday needs.

Support

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Complete Account Opening Kit
One copy passport size photograph of the account holder
Nominee –
- One copy passport size photograph of the "Nominee" which must be attested on the back by the account holder.
- NID/ Passport of the Nominee.
Photo ID:
Foreign national:
- Valid Passport is mandatory. If the foreign national provides only scan copy of the passport, then any other second Photo ID document will be required. Second Photo ID document includes: Driving License, Citizenship card, Insurance Card which will be evidential to proof his/ her country of residence. FATCA declaration will need to be obtained to on-board US citizen.
Bangladeshi National:

Copy of valid photo ID of applicant, i.e., Passport , respective foreign country’s ID, etc.
- If the photo ID is a Bangladeshi passport, additional documents such as resident visa, foreign resident card (i.e., green card), work permit, driving license (issued by foreign authority) or any other document supporting the residency status abroad is required.
- Address verification document required only if the declared address is different from the address in the applicant’s Photo ID document. This can be utility bill, driving license (issued by foreign authority) etc.
Proof of income: (Any of the followings)

Employment certificate
Pay slip
Employment Contract mentioning annual income
Bank statement mentioning monthly salary
last tax return paper
Office ID with income declaration by account holder
Trade license copy
Business related documents with income declaration by account holder, etc. as acceptable by the bank.
Declaration of Income as per prescribed format will be accepted as Proof of Income.

In order to open an International Banking (IB) account under EBL Offshore Banking Declaration/Indemnity from remitter – that can be sent to bank via email/digital Means by the remitter mentioning the passport number the bona-fide relationship with the applicant will be additionally required

Retail Account

Title	Download
Account Opening Form	Click here
Fixed Deposit Form	Click here
E-mail indemnity	Click here
IB Account Letter of Indemnity – Retail	Click here

Non-individual Account

Title	Download
Account Opening Form (Corporate)	Click here

Product	Rate
Product	GBP	EURO	USD
OBU Savings Account	5.21%	3.66%	5.33%
OBU & IB FIXED DEPOSITS:
1 MONTH	6.71%	5.16%	6.83%
3 MONTHS	6.62%	5.13%	6.82%
6 MONTHS	6.55%	5.04%	6.75%
1 YEAR	6.40%	4.86%	6.53%
2 YEARS FD	7.15%	5.61%	7.28%
3 YEARS FD	7.15%	5.61%	7.28%
4 YEARS FD	8.15%	6.61%	8.28%
5 YEARS FD	8.15%	6.61%	8.28%

Financial Institutions
Head Office, Dhaka

STANDARD SETTLEMENT INSTRUCTION (SSI) OF EASTERN BANK LIMITED –

OFFSHORE BANING UNIT (OBU)

SL NO	NAME OF CORRESPONDENT	CURRENCY	ACCOUNT
01	Standard Chartered Bank One Madison Avenue New York,N.Y.10010-3603 SWIFT: SCBLUS33	Eastern Bank Limited OBU Account USD	3582058503001
02	Standard Chartered Bank Franklinstrasse 46-48, 60486 Frankfurt AM Main, Frankfurt, Germany. TEL:+49 69 7707500, FAX: +49 69 770750100; SWIFT: SCBLDEFX	Eastern Bank Limited OBU Account EURO	50000109

GBP

Curr	Correspondent Bank	Correspondent SWIFT/BIC	Correspondent Account No	Additional Routing Info
GBP	JPMorgan Chase Bank National Association, London	CHAS GB 2L	Account Number: 0039114301;

Effective from June, 2024

*The Schedule of Charges includes Offshore Banking and International Banking Products

Product	A/C Opening Balance	A/C Maintenance Fee
Savings	USD 500* /EURO 450/GBP 400	Free
Current	USD 500/EURO 450/GBP 400	Free

Closing of Account	Free
SMS Alert (Annual Fee FCY Account)	Free

Fund Transfer/Payment Service

Foreign Telegraphic Transfer	Free
SWIFT Charge for outward remittance (Through Correspondence)	Any amount below USD $1000 or equivalent amount in other currencies –Tk. 500 + VAT Any amount above USD $1000 or equivalent amount in other currencies – Tk. 1,500 + VAT
Correspondent Bank Fee	At Actual

Certificates

Duplicate Statement	Free
Various Purpose Certificate	Free
Solvency Certificate with Balance	Free
Solvency Certificate without Balance	Free
Certificate of Inward Remittance	Free

Please Note

This brochure is to be read in conjunction with regular schedule of charges.
EBL reserves the right to change/amend the terms and conditions or rates stated in the schedule without prior notice.
All fees and charges are inclusive of 15% VAT.

*For International Banking- Accounts can be opened in USD only

Corporate Entities as per Offshore Banking Circulars of Bangladesh Bank
Companies/Firms registered & Operated abroad/ Juristic Person not resident in Bangladesh
Foreign Institutional Investor & Custodian
Any Entity Outside Bangladesh

Open account in USD/EURO
Earn Interest on daily balance available in the account
Deposit by receiving inward remittances through official channels only
Foreign currency deposited in this account is freely convertible into Taka
Minimum initial deposit of USD 1,000 or equivalent for fixed deposit products
NO Tax payable for deposit and earned interest

Deposited foreign currency is freely remittable abroad through banking channel
Balance held in the deposit account can be used for

Transfer to on-shore bank accounts for meeting necessary payment and various investments
Making outward remittances of balance amount including interest/profit as and when necessary.
Off-shore Transfers, onshore Transfers, Outward Remittance will be allowed for payment and investments.

Account Opening

1. What is Corporate Offshore Banking (OBU) Account?

Corporate Offshore Banking Account is a specially designed foreign currency account for Corporates with following criteria.

Corporate Entities as per Offshore Banking Circulars of Bangladesh Bank
Companies/ Firms Registered & Operated abroad/ Juristic Person not resident in Bangladesh
Foreign institutional Investor & Custodian
Any Entity outside Bangladesh

2. What are the documents required to open OBU account?

Account opening documentation to be provided as per standard bank process, Regulatory requirement (Bangladesh Bank, BFIU, NBR, BIDA, BEPZA etc.), and EBL Customer Acceptance Policy. Common documents include:

Completed CIF & Account opening Form
Resolution or extract of resolution for opening the account and authorization for its operation should be certified as stated in the Articles of Association or by the Chairperson
True copy of Memorandum & Articles of Association of the company
Certificate of incorporation
Valid Trade License
List of Directors with address
Certified copy of Form XII
Certificate of commencement of business (For Public Limited Companies)
Transaction Profile (As per AML guideline)
Other documents depending on business nature of corporate (need basis)

For documents coming from abroad, embassy attestation is not required for opening accounts.

3. In which currency can a customer open OBU account?

Currently at Eastern Bank PLC, a customer can open OBU account in USD, & EURO only.

4. What type of account can a customer open?

A customer can open Interest bearing Transactional Account, Current Account and Fixed Deposit account under Offshore Banking.

5. Can a customer open a Fixed deposit account without opening a savings or current account?

Opening a Transactional Account (Savings/current) is recommended to open a Fixed deposit account as funds for the Fixed Deposit account will be debited from the savings or current account.

6. Is there any minimum deposit threshold required to open the account?

For opening a current/saving account, minimum balance of USD 500 or equivalent amount in EUR is needed.

For Fixed deposit account the minimum deposit amount is USD 1000 or Equivalent

7 Is there any maximum deposit limit for OBU account?

No, there is no maximum limit for OBU account.

8. What are the tenors available to open fixed deposit account?

The available tenors are 3 months, 6 months, 9 months, and 1 year

9. How will the customer use the balance of the current/savings account?

Balance held in the deposit accounts can be used for:

Transfer to on-shore bank accounts for meeting necessary payment and various investments
Making outward remittances of balance amount including interest/profit as and when necessary.

10. How to open Corporate OBU Account?

Please communicate with cmu@ebl-bd.com for Opening Corporate OBU Account.

11. Can an existing Eastern Bank customer open OBU account?

Yes, any existing Eastern Bank customer can open OBU account if he or she qualifies for OBU account as per question 1.

12. Can a customer open OBU account in any branch?

Yes, the customer can physically come to open OBU account in any Eastern Bank branch.

13. Can a customer open multiple currency OBU account?

Yes, a customer can open OBU accounts in both USD and EUR as per their requirement.

14. Can a customer open OBU account in different banks?

Yes, a customer is free to open multiple OBU accounts in any bank they desire.

15. Can a customer open OBU account in Islamic module?

No, currently this option is not available with Eastern Bank.

Account Operations

1. How does the account holder deposit funds to their account?

Funds can only be credited by the account holder through official banking channels via foreign inward remittances.

2. Who can send funds to the OBU account?

Anyone can send funds to the OBU Account through official Banking Channels as inward remittance.

3. Is there a provision for a cheque book with an OBU account?

No, there isn't. The account can be managed through remittances, transfer instructions to the bank, or, if available, through the use of a debit card.

4. Can USD/EUR be deposited in cash?

No, cash deposits are not possible. Only inward remittances received through official banking channels can credit the account.

5. Can any amount be withdrawn from the account in cash?

No, cash withdrawals are not permitted from an OBU account.

6. Can OBU customers use the Corporate Internet Banking facility from Eastern Bank PLC?

Yes, corporates can utilize the Internet Banking application to view transactions.

7. How can the balance be transferred from a foreign currency OBU account to an onshore local currency (BDT) account?

OBU customers can transfer funds from their foreign currency OBU account to any local currency account by submitting a remittance request form to the bank.

8. Is there any limit on the number of transactions to a single OBU account?

No there is no limit on the number of transactions in the account.

Fees & Charges

1. Are there any fees and charges associated with maintaining an OBU account?

Type of Charge	Amount
Account Maintenance Fee	Free
Closing of Account	Free
SWIFT Charge for remittance (Through Correspondence)	Any amount above USD $1000 or equivalent amount in other currencies – BDT. 1,500; min BDT. 500
Correspondent Bank Fee	At Actual
Duplicate Statement	Free
Various Purpose Certificate	Free
Solvency Certificate with Balance	Free
Solvency Certificate without Balance	Free
Certificate of Inward Remittance	Free

Fund Transfer

1. What information is required to send remittances to any Eastern Bank PLC account from abroad?

To send remittances, please use below information for beneficiary-

SWIFT Code of EBL	EBLDBDDH
Bank Name	Eastern Bank PLC
Customer’s OBU Account Number
Account Name

2. Which banks facilitate sending remittances to Eastern Bank PLC?

Remittances can be sent from any bank worldwide to an account in Eastern Bank PLC. If your bank requires correspondent bank account details for Eastern Bank PLC, find them through this link.

3. What is the conversion rate for converting foreign currency balances to BDT in an on-shore bank account?

The bank will utilize its prevailing TT clean Buying rate on the conversion date. Exchange rates are accessible here.

4. Can the balance in an OBU account be freely transferred abroad?

Yes, the entire balance in an OBU account can be freely transferred abroad.

5. Can outward remittances be sent in a currency different from the OBU account's currency?

Yes, it's possible. Cross-currency conversion will occur in such instances.

6. Is it possible for customers to transfer an OBU account balance to another OBU account?

Yes, customers can transfer their OBU account balance to another OBU account.

7. What is the SWIFT code of Eastern Bank PLC.?

Our SWIFT BIC (Bank Identification Code) is EBLDBDDH

8. Is remittance incentive paid by the government applicable for OBU deposits?

No, remittance incentive is not applicable to OBU deposits or encashment.

Tax & Excise Duty

1. Does the deposit or interest incur any taxes or duties?

No. Under the recently enacted Offshore Banking Act by the National Parliament of Bangladesh on March 14, 2024, depositors are relieved from any taxation on the balance of their OBU account and on the interest earned. Additionally, no excise duty is imposed on the account balance.

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STANDARD SETTLEMENT INSTRUCTION (SSI) OF EASTERN BANK LIMITED –

OFFSHORE BANING UNIT (OBU)

GBP

*The Schedule of Charges includes Offshore Banking and International Banking Products

Fund Transfer/Payment Service

Certificates

Please Note

CONTACT INFO

BUSINESS HOURS

Currency	T.T Clean Buying	B.C Selling
USD	117.00	118.00
EUR	125.73	130.08
GBP	149.71	153.59
All Card Related Payment: USD 1 = 118.00
As on 25 July, 2024