BML will facilitate essential banking services on Sunday, Monday

Bank of Maldives (BML) has announced it will facilitate essential services on Sunday and Monday.

According to BML, its branches and service centers will remain closed, but the bank will accept essential services such as international transfers, payrolls, and local bank transfers online, and will process the requests from 9:30 am to 12:30 pm on both Sunday and Monday.

INTERNATIONAL TRANSFERS

Customers who require international transfer (TT) services have been instructed to email their applications and other relevant documents to [email protected]. The service is also available through internet banking. TT or letter of credit submitted by 11 am will be processed on the same day.

PAYROLL

BML will accept requests for payroll services emailed to [email protected]. Details of the service, including the documents required are available on the bank’s website.  Requests sent in by 11 am will be processed on the same day.

PROCESSING OF BANK CHECKS SUBMITTED VIA ATM

Clearing checks submitted via ATMs will be processed on the next bank opening day. Checks submitted by 11 am will be processed on the same day.

LOCAL BANK TRANSFERS

ACH transfer requests submitted via internet banking by 10 am will be processed on the same day.

RTGS transfer (above MVR 100,000) requests submitted via internet banking by 11:30 am will be processed on the same day.

MRTGS requests submitted via email by 11:30 am will also be processed on the same day.

All commercial banks have been closed with the lockdown on Male’ City following the emergence of COVID-19 cases in the populous capital. Banks will only open to process essential services during the period.

BML, which will open on two days this week, has announced it will not process any bank notes. Customers will permits may deposit and withdraw cash at ATMs.  As such, corporate account holders may deposit up to MVR 200,000 per day, and personal account holders may deposit up to MVR 50,000 per day.

BML has stressed that the health and safety of its staff and customers remained its top priority amid the public health emergency.