What Account Types and Fees Does NCC Bank Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Savings Account |
Individuals seeking basic banking solutions |
Low minimum deposit, interest accrual |
Requires Tk. 500 to open |
| Current Account |
Businesses and corporate clients |
No interest, facilitates transactions |
Requires Tk. 1,000 to open |
| SME Account |
Small and medium enterprises |
Tailored services, business loans |
Documentation required for business verification |
| Islamic Account |
Clients seeking Sharia-compliant services |
Interest-free, compliant with Islamic finance |
Proof of adherence to Islamic banking principles |
| Demo Account |
Beginner traders wanting to practice |
Simulation of live trading environment |
No real funds involved, educational purposes only |
Account Opening Process
To open an account with NCC Bank, applicants must follow a straightforward process. First, they need to submit personal information, including their name, address, and contact details. Next, employment information must be provided, detailing the applicant’s job title, employer, and income. Financial information, such as the applicant’s source of funds, is also required. Identity verification is a crucial step, necessitating the submission of a government-issued ID and proof of address (e.g., utility bill). After these steps, applicants can initiate their account with flexibility to upgrade to a professional account in the future, should their trading needs change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
1.2 |
$5 per lot |
Varies based on liquidity |
| CFDs (Indices) |
1.5 |
$4 per lot |
Competitive for major indices |
| CFDs (Commodities) |
2.0 |
$6 per lot |
Includes gold and silver |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Additional fees associated with NCC Bank accounts may include deposit and withdrawal fees, which can vary based on the method used. Inactivity fees may apply if the account remains dormant for an extended period. Platform usage fees are generally free unless specified otherwise. Overnight interest or swap rates may be charged for positions held overnight in trading accounts. Currency conversion fees could also apply when trading in different currency pairs.
