A private limited company or corporation in Bangladesh opens a current account in the entity name at a scheduled bank, authorising signatories by board resolution and supplying certified incorporation documents. Foreign banks such as HSBC suit companies with foreign currency and trade needs, and Payoneer can be added for online receipts. Wise Business is not offered to Bangladesh based businesses as of 30 November 2025.
Suits LLC and Corporations best
A domestic current account in the company name, with HSBC for foreign currency and trade, and Payoneer for online receipts.
Typical monthly fee
Domestic current accounts often charge a half yearly maintenance fee of about BDT 300 to BDT 500 rather than a monthly fee, while corporate pricing varies by relationship. As of 30 November 2025.
Non resident position
Possible with a registered Bangladesh entity. Foreign owners form a company through the Registrar of Joint Stock Companies and Firms or a branch approved by BIDA and Bangladesh Bank. Verify with the provider.
Providers that fit
Several. Domestic and foreign banks plus Payoneer for cross border receiving.
Fees and features as of 30 November 2025Last reviewed 30 November 2025
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
A registered private limited company or corporation in Bangladesh opens its current account in the entity name at a scheduled bank such as BRAC Bank, City Bank, Eastern Bank or Standard Chartered Bangladesh. The bank asks for certified copies of the Memorandum and Articles of Association and the Certificate of Incorporation from the Registrar of Joint Stock Companies and Firms, a board resolution naming the signatories, a trade license, a tax identification number, and identification for the beneficial owners. Companies with foreign currency and trade needs often use a foreign bank such as HSBC, and those that receive online payments from abroad can add Payoneer, since Wise Business is not available to Bangladesh based businesses as of 30 November 2025. Confirm current terms with each provider.
What LLC and Corporations in Bangladesh need from a business account
A company needs an account in the entity name that supports payroll, supplier and tax payments, multiple authorised signatories controlled by board resolution, and foreign currency where the company trades abroad. Governance documents and beneficial owner identification are central to onboarding. A foreign bank suits regular foreign currency and trade flows, while a cross border provider handles smaller online receipts. As of 30 November 2025.
H
HSBC Business
Corporate and business banking with trade finance and foreign currency support for established companies. HSBC closed its retail business in Bangladesh, so it suits larger companies rather than sole traders. Verify eligibility with the bank.
Best for
Companies with foreign currency and trade needs
Monthly fee
Varies by relationship and account, as of 30 November 2025. Confirm with the bank.
Receives money from clients, marketplaces and platforms abroad into local currency receiving accounts, then withdraws to a Bangladesh bank account. It is a receiving and payments tool, not a domestic current account.
Best for
Companies receiving online payments from abroad
Monthly fee
Free to open. Receiving and conversion fees apply, as of 30 November 2025.
Compare accounts for LLC and Corporations in Bangladesh
These providers accept LLC and Corporations in Bangladesh. Fees and eligibility shown as of 30 November 2025. Confirm current terms with the provider before applying.
Questions about banking for LLC and Corporations in Bangladesh
What documents does a company need to open an account in Bangladesh?
Banks ask for certified copies of the Memorandum and Articles of Association and the Certificate of Incorporation from the Registrar of Joint Stock Companies and Firms, a board resolution naming the signatories, a trade license, a tax identification number, and identification for the beneficial owners. Confirm the current list with the bank. As of 30 November 2025.
Can a foreign owned company open a bank account in Bangladesh?
Yes, once a Bangladesh entity exists. Foreign owners form a private limited company through the Registrar of Joint Stock Companies and Firms, or a branch or liaison office approved by BIDA and Bangladesh Bank, then open the account in the entity name. A Non resident Taka Account can hold incoming capital before incorporation. Verify with the provider.
Is Wise Business available to companies in Bangladesh?
No. Wise Business is not offered to Bangladesh based businesses as of 30 November 2025. Companies that receive online payments from abroad typically use Payoneer, while a domestic or foreign bank handles the main current account. Confirm the current position with the provider.
How much does a company current account cost in Bangladesh?
Domestic current accounts often charge a half yearly maintenance fee, for example BDT 300 to BDT 500, while corporate and foreign currency pricing varies by relationship, as of 30 November 2025. Verify current figures with the bank.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 30 November 2025. Confirm current terms with the provider before applying.