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, 35%
of the inward remittance will go to the ERQ account in USD and the rest 65%
will go to the linked local currency account as equivalent BDT.
- 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) |
Free for first year. Upto USD 10 from second year
onwards |
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)
- 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
- Utility bill copy/CPV
- Work Order or Email/Communication containing work order of last 5 items
worked on must be obtained as proof of his/her source of fund.
- Freelancer ID from Bangladesh Government/Freelancer’s Profile
Screenshot of the Market place
- General Instructions which includes the list of frequent remittance sources
(clients, freelancing platforms), linking of BDT CASA a/c and T&C for
interim period until the AOF is updated. Customer should update the bank if
a source of remittance is changed.
For more information, Call our 24-hour Call Center at 16221
