To qualify as a FDB Premier Member, customer must maintain at all times
- a minimum deposit of MMK 300 million with the Bank as decided by the Bank from time to time for a tenure of at least 3 months in Fixed Deposit account with a designated interest rate or
- EOM closing balance of MMK 300 million every month in Savings or Call account.
The Bank reserves the right to change the definition of the minimum deposit from time to time.
Membership Segment
- The Bank may add customer segment and amend membership criteria from time to time without prior notice.
- The Bank may, depending on the customer segment that the Customer qualifies, redesignate the Customer from one customer segment to another in its sole discretion.
Sustaining the Membership
- Individuals can apply for FDB Premier Banking Membership.
- The specimen signatures and signing authority of the Customer or its authorized signatories communicated to the Bank in writing shall remain in effect until such time as the Bank receives written cancellation of the same from the Customer. The Bank shall be entitled but not bound to undertake further verification of the signatures other than by comparing them with the specimen signatures on record with the Bank.
- Joint accounts eligible for Premier Banking are only entitled to one Premier Membership by Primary Account Holder and shall enjoy the benefits of FDB Premier Banking individually.
- Joint account holders shall enjoy double benefits if the minimum deposit meet the criteria of the highest Premier Membership tier as described in the FDB Premier Banking brochure and website.