Bank of Maldives (BML) digital banking review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Bank of Maldives suits people banking in the Maldives who want an easy-access savings account alongside a debit card. The savings rate is 1.5%, variable, and the card comes with $10 in free ATM withdrawals, a solid starting point for everyday spending.
Key facts
- Best for
- Easy-access savings in maldivian rufiyaa or US dollars, paired with a Visa debit card for day to day spending.
- Free ATM withdrawals
- $10↗
- Card type
- Debit↗
- Card network
- Visa↗
- Legal entity
- Bank of Maldives PLC↗
- Headquarters
- Maldives↗
- Founded
- 1982↗
- Support channels
- Phone, Chat, Help-centre↗
- Features
- Multi-currency, Virtual card, Travel
- Official website
- bankofmaldives.com.mv
Savings
Credit cards
Loans
- Lender type
- Direct lender↗
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Savings pays 1.5% at a variable rate with withdrawal on demand.
- The account can be held in MVR or USD, and comes with a cheque book facility.
- The debit card gives $10 in free ATM withdrawals, and the digital wallet handles fund transfers, bill payments and international transfers.
- Support covers phone, chat and help centre, and the virtual card option suits lighter spending.
Cons
- The savings rate of 1.5% is a variable rate, so it can move.
- There are no rewards on the card, since the rewards type is none.
- Help is limited to phone, chat and help centre, with no branch or in person option listed.
Who it suits
- Residents and businesses in the Maldives who want savings and a card in one place
- People who need to hold funds in MVR or USD and pay bills from the same account
- Travellers who want a virtual card and international transfers for spending abroad
Who should look elsewhere
- Anyone wanting a rewards card, as the rewards type is none
- People who need in person branch support, since help runs on phone, chat and help centre
- Borrowers comparing rates, as no lending offer is listed for this brand
How Bank of Maldives (BML) digital banking compares
9.5 vs 9.4
9.5 vs 9.0
9.5 vs 8.9
9.5 vs 9.4
9.5 vs 8.7
9.5 vs 9.2
9.5 vs 9.4
9.5 vs 8.7
9.5 vs 9.3
9.5 vs 8.9
9.5 vs 8.6
9.5 vs 9.2
9.5 vs 8.4
9.5 vs 8.5
9.5 vs 8.8
9.5 vs 9.0
9.5 vs 8.6
9.5 vs 8.3
9.5 vs 9.5
9.5 vs 9.4
9.5 vs 9.4
9.5 vs 9.3
9.5 vs 9.3
9.5 vs 9.3
9.5 vs 9.3
9.5 vs 9.2
9.5 vs 9.2
9.5 vs 9.2
9.5 vs 9.1
9.5 vs 9.1
9.5 vs 9.1
9.5 vs 9.1
9.5 vs 9.0
9.5 vs 9.0
9.5 vs 9.0
9.5 vs 8.9
9.5 vs 8.8
9.5 vs 8.7
9.5 vs 8.5
9.5 vs 8.4
9.5 vs 8.0- 9.5 vs 8.0
Where Bank of Maldives (BML) digital banking is available
- Available
- Maldives
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What interest does the savings account pay?+
The account pays 1.5% at a variable rate, with no fixed term attached. Because the rate is variable, it can move over time rather than staying locked for a set period.
How much do I need to open the account?+
The minimum deposit is MVR 200. The account is an easy access one, so money can be withdrawn on demand, and you can hold your balance in MVR or USD.
What card comes with the account?+
It is a debit card on the visa network. A virtual card is also available, which suits lighter spending or travel.
Are ATM withdrawals free?+
Free ATM withdrawals total $10. That is a small allowance, so anyone taking cash out regularly may need to plan their withdrawals.
Can I hold US dollars?+
Yes, the account can be held in MVR or USD. Multi-currency features are supported, and the card carries travel features for spending abroad.
What can I do in the app?+
Digital banking runs around the clock, covering fund transfers, bill payments, loan and credit card repayment, international money transfer and the swipe digital wallet.
How do I get help?+
Support runs on phone, chat and help centre, so you can reach the bank by phone, chat or the help centre.
Is there any reward for spending?+
There is no reward, since the rewards type is none. Spending on the card earns nothing back, so it works purely as a payment and access card.
Sources
- atmfeesaver.com/cash-currency-exchange-atms-in-maldives checked September 26, 2026
Backs: Free ATM withdrawals
“ATM cash withdrawal overseas is limited to USD 125 per month for debit cards with a USD 10 fee per cash withdrawal overseas”
- en.wikipedia.org/wiki/Bank_of_Maldives checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Lender type
“Bank of Maldives was officially inaugurated on 11 November 1982”
- mbr.mv/public/13693 checked September 26, 2026
Backs: Perks, Rewards type
“depositing and withdrawing cash, transferring funds, making loan and credit card repayments, paying for goods and services, sending money overseas”
- bankofmaldives.com.mv/articles/788/bank-of-maldives-incre... checked September 26, 2026
Backs: Features, Card network
“expanded its digital ecosystem with features such as online account opening, instant card issuance, wallet-to-wallet transfers, NFC-enabled tap to pay, and 24/7 online banking support”
- bankofmaldives.com.mv/customer-service checked September 26, 2026
Backs: Support channels
“customer service team is available 24 hours, 7 days a week to assist customers. Aaya is an intelligent chatbot available 24-hours through their website, Facebook Messenger, Viber and WhatsApp”
- bankofmaldives.com.mv/personal/cards/debit-cards checked September 26, 2026
Backs: Card type
“Debit cards available”
- bankofmaldives.com.mv/personal/personal-accounts/savings-... checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type
“Deposit or withdraw your money whenever you want ... Cheque book facility available ... Available in a choice of MVR or USD Accounts”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Currency conversion fee, Protection.
Bank of Maldives (BML) digital banking
Easy-access savings in maldivian rufiyaa or US dollars, paired with a Visa debit card for day to day spending.