MCB Bank Ltd

MCB Bank Ltd operates in Sri Lanka offering various branded products. These services cover personal, business, digital, and treasury categories.

Personal Banking Solutions

MCB Privilege Current Account requires LKR 25,000 minimum monthly average balance. It provides a dedicated Relationship Manager. MCB Smart Flex Gold Current Account needs LKR 10,000 initial deposit. It includes free LankaPay JCB debit card issuance. The Smart Flex Platinum account requires LKR 100,000 initial deposit. It offers customizable daily fund transfer limits via mobile and internet banking. MCB Savings Accounts feature tier-based interest rates. Automated e-statement delivery is also provided. MCB Foreign Currency Accounts open under FX Control Regulations. They support multi-currency term deposits up to USD 10,000 initial.

Business and Corporate Offerings

MCB Privilege Current Account (Institutional) also has an LKR 25,000 minimum monthly average balance. It provides preferential trade transaction rates. The MCB Smart Flex Gold Corporate account requires LKR 10,000 initial deposit. Free bulk cheque-book issuance is included. SME Banking Solutions offer flexible interest rates on working capital finance. Collateral-light term loans are available up to LKR 5 million.

Products for Employees include a Salary Remittance Account with preferential rates. Payroll card integration is provided via LankaPay. Corporate Online Banking offers role-based user access for up to 10 users. Multi-factor authentication secures transactions. Trade Services include issuing letters of credit via SWIFT MT700. Import finance is available up to 90 days tenor. Offshore Banking provides Non-resident LKR and FCY current accounts. Treasury-backed interest coverage is a key feature.

Digital and Investment Services

MCB Virtual Banking offers 24/7 account access. This includes Internet Banking and scheduled bulk payments. The MCB Mobile App enables secured transactions via OTP. It features a multiple-account management interface. MCB Treasury provides access to SLDB and T-bills repo at Primary Dealer rates. Standing settlement instructions (SSL) to CLS Bank are supported. MCB Investment Accounts offer monthly or at maturity interest credit frequency. Automated reinvestment of term deposits is a service option.