Balance:
The minimum balance required to open a Fixed Deposit Account is BD 3000/- or equivalent for other currencies.

Benefits:

•  High interest rates
• The best way to save your amount with highest interest rate.
• The best way to save your amount with highest interest rate.
• The higher the amount, the higher the interest rate you will get.

For Bahraini’s:

• Two valid IDs CPR/Smart Card (confirmation of date of birth, legal name, and
  residential address (P.O. Box not sufficient) and Passport or Driving License.

If CPR does not have details, then any of the following additional documents should be taken:

• Proof of residential address (i.e. original telephone bill or electricity bill or
  bank statement dated less than 3 months)
• Proof of date of birth (from passport or birth certificate or driving license)

For Non-Bahraini’s:

• CPR/ Smart Card
• Passport (VISA page copy should also be taken)
• Identification document (other than passport)

For Businesses:

• CR is required

   a) Call 17214444, after selecting the language, enter your CPR and epin.

• Minimum: 21 years old and the maximum is 55 years old.
• Salary requirements:
• Bahraini and Expatriate Employees: Minimum BD 200/-
• Self Employed: Not required, only against guarantee
• Documents required:
  - Original salary certificate
  - Continuous Salary transfer
  - Under taking salary transfer and indemnity for non-Bahrainis or third party guarantee.
• 3 months bank statement for Non BBK customer.
• Last Pay slip
• Original CPR & passport

A debit card is given to you when opening any new account. 

1. The first issue is free
2. Replacement of card and PIN is BD 5/- BD 0.200/- if BENEFIT Network
3. Usage abroad is BD 2/- minimum or 1% of withdrawn amount.

According to the ISO compliant IBAN Standard issued by the Central Bank of Bahrain (CBB) in February, 2011, all IBANs have a fixed length of 22 characters.

IBAN has two main components i.e. the header and the Basic Bank Account Number (BBAN).

The header helps to identify and verify the IBAN internationally. It contains the ISO two letter country code and the two check digits.  Accordingly, the first 2 characters of an IBAN for Bahrain are always ‘BH’ (the ISO country code which identifies Bahrain, where the customer account resides). The third and the fourth characters of an IBAN are always the two check digits, generated by a bank in Bahrain, where the customer maintains his account. 

The BBAN helps to identify an account number of a customer, as well as his bank, domestically. It comprises the Bank Identifier (which identifies the account holding bank) and the customer account number. In the case of Bahrain, the Bank Identifier is the first 4 letters of the SWIFT Code (BIC) of the respective account holding bank. The remaining part of the BBAN is the existing customer account number.

The length of the customer account number in the IBAN is fixed as 14 characters. It can contain numbers (0 to 9) and upper case letters (A to Z) depending on the respective bank. The length and structure of BBAN varies from country to country.

The main benefit of IBAN to the customer is the assurance of making a payment to the correct account without delay. Since banks check the accuracy of the IBAN at the point of initiating a payment, they can only make the payments which carry the correct IBAN.

IBAN can be used for the following domestic and cross-border payments

• Making an electronic payment (through a bank) to an account of a customer at a bank in the Kingdom of Bahrain;
• Receiving an electronic payment (through a bank) from an account of a customer in the Kingdom of Bahrain;
• Making an electronic payment (through a bank) to a person in a country that has adopted IBAN and the usage of IBAN is compulsory; 
• Receiving an electronic payment (through a bank) from a person in a country that has adopted IBAN; and
• Receiving an electronic payment (through a bank) from a person in a country that has not adopted IBAN.
  

An IBAN can always be distinguished from a normal customer account number by the following:-
(a) Two letters at the beginning of the IBAN, which refer to the country code where the account resides;
(b) Two numbers (in the third and fourth position of the IBAN), which represent the check digit;
(c) Four letters (after the check digits) to identify the respective bank where the beneficiary maintains his/her account; and
(d) The length of the IBAN is 22 characters.

For example, an IBAN of a normal account number of 100000123456 is:

BH83 BBKU 0010 0000 1234 56
It starts with “BH” (country code), followed by “83” (the two check digits), “BBKU” (bank identifier, which is the first 4 letters of the SWIFT Code (BIC) of the bank).
No existing customer account has this IBAN structure.

The procedure involved in using IBAN in an electronic fund transfer is explained below:

1. The bank holding the beneficiary's (recipient of the payment) account generates and provides the IBAN to the beneficiary;
2. The beneficiary informs his/her IBAN to the paying/ordering customer;
3. The paying/ordering customer submits an electronic fund transfer/payment order, which includes the beneficiary's IBAN; and
4. The paying/ordering customer’s bank validates/checks the IBAN in the outward payment message. After the receipt of the inward payment message, the beneficiary (recipient’s) bank validates the IBAN and credits the money to the beneficiary’s account.
   

When you write or print an IBAN on a document, it has to be split into groups of four characters, e.g.: BH83 BBKU 0010 0000 1234 56 to support easy recognition. The last group of the IBAN for a customer in Bahrain contains two characters.

There should not be any spaces when entering the IBAN in an electronic payment message. The IBAN should be presented in an electronic payment message as a continuous string of characters i.e. BH83BBKU00100000123456