A startup in Bangladesh registers the business, then opens a company current account in the business name at a scheduled bank. Local collections run through cards and mobile financial services such as bKash and Nagad, while foreign revenue and investment go through Payoneer or an authorised dealer bank. Wise Business is not offered to Bangladesh based businesses as of 13 November 2025.
Suits Startups best
A low cost company current account with digital onboarding, plus Payoneer for any overseas revenue.
Typical fee
About BDT 300 half yearly maintenance plus VAT, with some accounts opening at a low minimum balance. As of 13 November 2025.
Foreign investment position
Brought in through an authorised dealer bank, with a NITA for non resident investors. Verify with the bank.
Providers that fit
Several domestic banks. Wise Business is not available.
Fees and features as of 13 November 2025Last reviewed 13 November 2025
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
A startup in Bangladesh opens a company current account in the business name once the entity is registered. A private limited company registers with the Registrar of Joint Stock Companies and Firms, while a sole proprietorship or partnership uses a trade license. The bank then asks for the registration papers, trade license, TIN, and signatory identity. Banks such as BRAC Bank, City Bank, and Eastern Bank offer current accounts with app based onboarding, and BRAC Bank opens its PRAPTI account at a minimum balance of BDT 1,000 as of 13 November 2025. Local payments run through cards and mobile financial services such as bKash and Nagad, while overseas revenue uses Payoneer and foreign investment comes in through an authorised dealer bank. Wise Business is not available to Bangladesh based businesses. Confirm current terms with each provider.
What Startups in Bangladesh need from a business account
A startup wants fast onboarding, a low or zero opening balance, clean records for investors and tax, local payment collection, and a route to receive money from abroad if it sells or raises overseas. Predictable costs matter while revenue is small. A domestic current account with digital onboarding covers the home market, while Payoneer and an authorised dealer bank cover cross border revenue and investment. As of 13 November 2025.
Bringing in foreign investment
Foreign equity is brought into Bangladesh through an authorised dealer bank, and the inward remittance is reported so the shareholding is recognised. A non resident investor can use a Non Resident Investors Taka Account to bring funds in and remit dividends and sale proceeds abroad. Because the route is regulated under exchange control, plan the flow with your bank before closing a round. Verify the current process with the bank, as of 13 November 2025.
B
BRAC Bank
A large private commercial bank popular with small companies for its PRAPTI current account, which opens at a minimum balance of BDT 1,000 and pays interest on the daily balance. It also acts as an authorised dealer for foreign currency and investment flows. Confirm current terms with the bank.
Best for
A low cost company current account at launch
Fee
About BDT 300 half yearly maintenance plus VAT, as of 13 November 2025.
P
Payoneer
Receives money from clients, platforms, and marketplaces abroad into local currency receiving accounts, then withdraws to a Bangladesh bank account. It suits a startup earning early revenue overseas, but it is a receiving tool rather than a domestic current account.
Best for
Receiving early revenue from clients abroad
Fee
Free to open. Receiving and conversion fees apply, as of 13 November 2025.
These providers serve startups in Bangladesh. Fees and eligibility shown as of 13 November 2025. Confirm current terms with the provider before applying.
Questions about banking for Startups in Bangladesh
How does a startup open a business account in Bangladesh?
A startup registers the business first, then opens a company current account at a scheduled bank in the business name. A private limited company registers with the Registrar of Joint Stock Companies and Firms, and the bank asks for the registration papers, trade license, TIN, and signatory identity documents. BRAC Bank opens its PRAPTI current account with a minimum balance of BDT 1,000 as of 13 November 2025. Verify current requirements with the bank.
Can a startup in Bangladesh receive foreign investment into a bank account?
Yes, through the regulated route. Foreign equity is brought in through an authorised dealer bank, and a non resident investor can use a Non Resident Investors Taka Account to bring in funds and remit returns abroad. The inward remittance must be reported so the shareholding is recognised. Confirm the current process with the bank, as of 13 November 2025.
Is Wise Business available to startups in Bangladesh?
No. Wise Business is not offered to Bangladesh based businesses as of 13 November 2025. Startups that sell or raise money abroad use Payoneer for receiving and an authorised dealer bank for foreign currency and investment flows. Confirm the current position with the provider.
How much does a startup current account cost in Bangladesh?
A company current account commonly carries a half yearly maintenance fee of about BDT 300 plus VAT, with transaction charges on top, as of 13 November 2025. Some accounts open with a low minimum balance such as BDT 1,000. Verify current figures with the bank.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 13 November 2025. Confirm current terms with the provider before applying.