About the Bank

ABC Banking Corporation Ltd (ABC), the banking arm of the ABC Group of Companies was first established in 1997 as a leasing company (ABC Finance & Leasing) and subsequently obtained its banking licence on the 1st June 2010. It is the first leasing company in Mauritius to have successfully converted into a Bank.

In December 2010 ABC started operations as a full-fledged commercial bank at 7 Duke of Edinburgh Avenue, Place D’Armes, Port Louis. From the start of its operations, ABC has been aiming for excellent service delivery, driven by innovation and operating on the most advanced banking technology platform in the market.

ABC currently offer a wide range of products and services including current accounts, savings accounts, term deposits, leasing, housing loans & personal loans, term loans and revolving credit as well as Trade Finance services such as bank guarantee, letter of credit, import & export loans, collection document for import & export. In December 2011, ABC successfully launched its international Debit MasterCard and Internet Banking services to ensure more service accessibility to its valued clients.

Required Corporate Documents

We will prepare and submit all required corporate documents to the bank upon application. Please note that if the company is more than a year old, additional documents may be required at further cost.

Required Personal Documents

ABC requires the following personal documents from each beneficial owner and authorized signatories:

Personal Visit

No personal visit is required.

Minimum Balance

USD5000 minimum balance requirement.

Online Banking

Free and secure full Internet Banking.

Debit and Credit Cards

The bank offers the ABC Debit Card with the following features:

• ability to withdraw cash worldwide from ATMs displaying the Maestro/Cirrus/MasterCard logo (in local currency)
• ability to pay for goods and services worldwide
• cash withdrawal facility of up to US$400 (or equivalent) per day

Time Required for Account Opening

Account opening takes between 3 to 5 business days from the time completed application forms, due dilligence and supporting documents have been supplied.

Currencies

Accounts are offered in all major currencies.

Bank Fees

Bank Account Fees:

• No Monthly Maintenance fee
• Telegraphic transfer fee:
  • Incoming payments: Free.
  • Outgoing payments: US$50 Overseas bank Charges.
• Issue of a bankers draft: US$10 Courier fees
• Fax/Email Transmission: US$10
• No fee for internet banking

Debit Card Fees:

• No issue fee
• No annual fee
• ABC ATM Cash withdrawal/Balance Enquiry: free
• Non-ABC ATM Cash withdrawal: US$3
• Non-ABC ATM Balance Enquiry: US$1
• Currency Conversion Fee: 5%
• Card Replacement: US$20 VAT.