How to open a business account in Bangladesh: the steps

Snapshot

To open a business account in Bangladesh you register the business, gather the registration papers, trade license, TIN, and signatory identity, choose a scheduled bank, complete KYC, and fund the opening balance. Some banks offer electronic KYC and app onboarding, though business accounts often still need branch verification.

Register first: RJSC for a company, trade license for a sole proprietorship
Core documents: Registration, trade license, TIN, signatory identity and photos
Opening balance: Low at some banks, for example BDT 1,000
Digital onboarding: Available at some banks, for example City Bank eKYC

Fees and features as of 20 May 2026Last reviewed 20 May 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 20 May 2026, opening a business account in Bangladesh follows a clear order. First register the business, since the account is opened in the registered name. A private limited company registers with the Registrar of Joint Stock Companies and Firms, and a sole proprietorship or partnership uses a trade license. Next obtain a TIN, and a VAT registration or BIN where it applies. Then gather the documents the bank asks for, choose a scheduled bank such as BRAC Bank, City Bank, or Eastern Bank, complete the know your customer checks, and fund the opening balance. Some banks offer electronic KYC and app onboarding, for example City Bank, though business accounts often still need verification at a branch. Confirm the current process with your chosen bank.

The steps in order

Register the business with the Registrar of Joint Stock Companies and Firms for a company, or obtain a trade license for a sole proprietorship or partnership.
Get a TIN, and a VAT registration or BIN where your activity requires it.
Prepare the documents the bank asks for, including the registration papers and signatory identity.
Choose a scheduled bank and an account type that suits how you will operate.
Complete the know your customer checks, in branch or through electronic KYC where offered.
Fund the opening balance and collect your cheque book, card, and online banking access.

What documents you need

Requirements vary by entity type, but a business account commonly needs the registration papers, the trade license, and the TIN, as of 20 May 2026. Verify with the bank

For a company, the certificate of incorporation, the memorandum and articles, and a board resolution naming the account signatories.
The trade license and, where applicable, the VAT registration or BIN.
The TIN of the business and the identity documents and photographs of the signatories and beneficial owners.

Where digital onboarding helps

Several banks now run electronic KYC and app based onboarding for faster account opening. City Bank is among those offering eKYC. Even where the start is digital, a business account often needs document verification and signatures completed at a branch, so plan for a branch visit. Confirm the current digital options with the bank.

Compare business accounts available in Bangladesh

These providers serve business customers in Bangladesh. Fees and eligibility shown as of 20 May 2026. Confirm current terms with the provider before applying.

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Questions about opening a business account in Bangladesh

What documents do I need to open a business account in Bangladesh?

Banks typically ask for the business registration papers, the trade license, the TIN, and for a company the memorandum and articles, certificate of incorporation, and a board resolution naming the signatories, plus the identity documents and photographs of the signatories. Requirements vary by entity type. As of 20 May 2026, confirm the exact list with the bank.

Can I open a business account online in Bangladesh?

Some banks offer electronic KYC and app based onboarding, for example City Bank, which can start the process online, though business accounts often still need document verification and signatures at a branch. As of 20 May 2026, check the current digital options with the bank.

How much do I need to deposit to open a business account in Bangladesh?

The opening or minimum balance varies by account. BRAC Bank opens its PRAPTI current account with a minimum balance of BDT 1,000 as of 20 May 2026, while other accounts set different amounts. Verify the opening balance with the bank.

Do I need to register the business before opening the account?

Yes. The account is opened in the registered business name, so a private limited company registers with the Registrar of Joint Stock Companies and Firms and a sole proprietorship or partnership uses a trade license. A TIN is also required. As of 20 May 2026, confirm the registration steps for your entity type.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 20 May 2026. Confirm current terms with the provider before applying.