Starting from the first day of Ramadan, customers will be able to access all banking services online without needing to visit a branch, to make banking more convenient, faster, and accessible for everyone.
Bank of Maldives
Bank of Maldives (BML) is taking a significant step towards modernizing banking by expanding its digital services. Starting from the first day of Ramadan, customers will be able to access all banking services online without needing to visit a branch. This move is aimed at making banking more convenient, faster, and accessible for everyone.
As people increasingly turn to digital solutions for their daily needs, BML is responding by enhancing its digital banking platform. Whether it’s depositing cash, transferring funds, applying for loans, or managing cards, customers can now do it all online at any time. With these new digital services, BML is helping customers save time and avoid the hassle of visiting branches. This is especially beneficial during busy periods like Ramadan when schedules can be tight. By providing 24/7 access to essential banking services, BML ensures that customers can manage their finances easily and securely from the comfort of their homes or on the go.
With these updates, BML customers can continue to access a wide range of services 24/7 through the bank’s digital channels, including:
- Depositing and withdrawing cash
- Transferring funds
- Repaying loans, financing, and credit cards
- Paying for goods and services
- Sending money overseas
- Applying for Lui Loans and Financing
- Applying for new debit, credit, and prepaid cards
- Managing cards, including changing PINs, freezing, or blocking cards
- Paying Fitr Zakat
In addition to this, from March 1, 2025, BML will introduce several new digital services to make banking simpler and more convenient, which includes:
Digital onboarding for personal customers – Customers can open personal accounts instantly online. Existing customers can also apply for additional accounts online.
Digital onboarding for business customers – Business customers can now open accounts instantly online.
Online loan and financing applications – Customers can apply online for all loans and financing, including home purchase, construction, and business loans.
Inward remittance – All incoming foreign remittances up to USD 10,000 will be credited instantly after verification.
Outward remittance – Customers can send up to USD 5,000 instantly using TT or the International Money Transfer service on BML Mobile Banking.
Increased ATM limits for businesses – Business Cards will have a withdrawal limit of MVR 200,000, reducing the need for cheques.
BML is also enhancing its services to provide a better banking experience. This includes home delivery of cards, faster merchant payments made through BML’s POS terminals and payment gateway, quick resolution of ATM issues within an hour, making it easier to connect with dedicated relationship managers for personalised banking support, and 24/7 customer service support.
With these new and enhanced digital services, BML is making banking easier and more convenient for its customers. Whether it’s opening a new account, applying for a loan, or managing payments, everything can now be done online from the comfort of home or on the go.
