Overview of Freelancer Matrix Account:
Freelancer Matrix Account is an ERQ Account especially designed for 650,000+ freelancing professionals (Individuals) of Bangladesh. It is a bundle offer for freelancers, where they will get an international debit card for BRAC Bank Freelancer Matrix account which will allow them to seamlessly receive their remittance earnings in US Dollar and easily convert it into local currency (BDT) with a linked transactional account.
Features:
- Customers can seamlessly receive their foreign remittance (for their freelancing work) from abroad. As per the guidelines of Bangladesh Bank, 70% of the inward remittance will go to the ERQ account in USD and the rest 30% will go to the linked local currency account as equivalent BDT. For example, for $100 remittance, $70 will go to ERQ account and BDT 2,550 (USD 30) will go to the linked local currency account.
- Conduct cross border eCommerce, POS & ATM transactions for business purposes such as cloud based solutions, domain hosting etc. This account comes bundled with exclusive benefits of VISA International Debit Card.
- All usages of International Debit Card will not be adjusted against Travel Quota. Usage will be adjusted from USD account tagged with the Debit Card.
- Earn interest from the linked local CASA as per bank's rate.
- Withdraw funds from all BRAC Bank ATMs.
- Astha internet banking facilities to view account balance and transactions details.
Charges:
The charges are as follows:
Particulars |
Amount in USD |
Minimum Opening Deposit |
0 |
Account Maintenance Fee |
Free |
VISA Debit Card Fee (Annual) |
Upto USD 10 |
Cash Withdrawal Charges for ATMs outside Bangladesh |
Upto USD 3 (Including VAT) |
Debit Card Replacement Fee |
Upto USD 10 |
PIN Reissuance Fee (Through Branch and Call Center) |
Upto USD 2 |
ATM Withdrawal Limit:
ATM withdrawal is only possible in BRAC Bank ATMs. The withdrawal limits are as follows:
Particulars |
BDT limit for BBL ATM |
Cash Withdrawal limit per day from BBL ATM |
BDT 100,000/=
(Equivalent amount of USD will be deducted from A/C balance)
|
No. of cash withdrawal limit from BBL ATM |
5 |
Single Cash withdrawal limit from BBL ATM |
BDT 40,000/=
(Equivalent amount of USD will be deducted from A/C balance)
|
The required documents for opening the account are as follows:
- 2 Personal Account Opening Form (Regular & ERQ) (Will be provided by your respective branch)
- National ID/Passport of Account holder and Nominee
- 12 Digit e-TIN certificate
- Photo of Account holder and Nominee – (Account holder-2 photos, Nominee-1 photo for each account to be opened)
- FATCA form (Will be provided by your respective branch)
- Utility bill copy/CPV
- Some sample Work Orders/Contracts from your existing clients
- Freelancer ID from Bangladesh Government (https://freelancers.gov.bd/)
- General Instructions form which includes the list of frequent remittance sources (clients, freelancing platforms), linking of BDT CASA a/c and T&C. Customer should update the bank if a source of remittance is changed
For more information, Call our 24-hour Call Center at 16221
