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MCB Seychelles review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

MCB Seychelles suits people who bank and borrow locally and want savings, a Visa debit card and personal loans from the same bank. The savings account takes a minimum deposit of SCR 1,000 and pays a variable rate, with interest credited quarterly on the average daily balance.

Key facts

Best for
Seychelles residents who bank locally and want savings, a debit card and a personal loan from the same bank
Free ATM withdrawals
SCR 0↗
Card type
Debit↗
Card network
Visa↗
Legal entity
The Mauritius Commercial Bank (Seychelles) Ltd↗
Headquarters
Seychelles↗
Founded
1991 to 1999↗
Support channels
Phone, Email, Help-centre↗
Features
Multi-currency, Travel
Official website
mcbseychelles.com

Loans

Loan amount
SCR 500,000↗
Term
60 months↗
Credit check
Hard↗
Rate type
Variable↗
Lender type
Direct lender↗
Eligibility
Available to all MCB customers; salary credited to your MCB account for the last 3 months; confirmed in current employment↗
Loan types
Personal, Car, Secured, Credit-line↗
Use cases
Home-improvement↗

Savings

Minimum deposit
SCR 1,000↗
Access terms
Interest credited quarterly on average daily balance; access via Visa Debit Card, Internet Banking, standing orders and inter-account standing instructions↗
Account kind
Easy access↗

Facts checked September 26, 2026, 10 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedIn

Pros and cons

Pros

  • Free ATM withdrawals come to SCR 0 on the Visa debit card
  • Savings open from a minimum deposit of SCR 1,000 at a variable rate
  • Unsecured personal loans of SCR 500,000 over 60
  • A direct lender covering personal, car and secured

Cons

  • Loans go to existing customers only, with salary credited to an MCB account for a waiting period and a hard credit check
  • Support runs on phone, email and help centre, and live chat is not among those channels
  • The savings rate is variable, so interest on the easy-access account can move rather than staying fixed
MCB Seychelles

Ready to try MCB Seychelles?

Scored 9.4 / 10 by SumCue.

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Who it suits

  • Seychelles residents keeping money in a easy access savings account
  • Salary earners confirmed in current employment who want a personal loan
  • Travellers after a Visa debit card with multi currency and travel features

Who should look elsewhere

  • UK or European residents, who should compare Wise, where free ATM withdrawals come to £250 against SCR 0 here
  • Anyone chasing card rewards, as rewards are not among the multi currency and travel listed for this debit card, where Upgrade OneCard™ is the card-led pick
  • Savers who want the rate locked for a term, since the variable rate can move, and Starling Personal Account Debit Card is the listed UK current account option

Rates and terms

The savings account pays a variable rate, so the return can move rather than being locked for a term. Interest is credited quarterly on the average daily balance, so a balance held steady through a quarter earns more than one drawn down repeatedly. Unsecured personal loans run over 60, with a waiting period of salary credited to your account and a hard credit check before approval.

Who runs it

The legal entity is The Mauritius Commercial Bank (Seychelles) Ltd, based in Seychelles. The group dates back to 1,991 to 1,999. Savings, the debit card and the loan book all sit with that same Seychelles entity, so the product set is small and the banking relationship stays in one place. Support runs on phone, email and help centre, covering phone, email and a written help centre.

How MCB Seychelles compares

Where MCB Seychelles is available

Available
Seychelles

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much do I need to open the savings account?+

The minimum deposit is SCR 1,000. Interest is credited quarterly on your average daily balance, so a balance held steady through the quarter earns more than one topped up and drawn down repeatedly. It is an easy access account, so you can still reach the money through the card, internet banking and standing orders.

What rate does the savings account pay?+

The rate is variable, so it can change over the life of the account rather than being locked for a term. The account is easy-access: you can reach the money through the Visa Debit Card, Internet Banking, standing orders and inter-account standing instructions.

Are ATM withdrawals free?+

Free ATM withdrawals come to SCR 0, which is the included amount on the card. The card is a debit card on the visa network, and anything beyond the free amount falls under the bank's fees and charges schedule.

Can I borrow money and on what terms?+

Unsecured personal loans run up to SCR 500,000 over 60, with home improvement the stated use. MCB Seychelles is a direct lender, and its personal, car and secured book covers personal, car, secured and credit-line lending, with the savings account kept as a separate product.

What do I need to qualify for a loan?+

You must already be an MCB customer, with your salary credited to your account for a waiting period and your employment confirmed in your current job. The application runs a hard credit check, so applying has a lasting mark on your credit file.

How do I get help if something goes wrong?+

Support runs on phone, email and help centre. Phone and email cover account questions, and the help centre holds written guidance on the card, savings and loan products. Live chat and a community channel are not among the phone, email and help centre listed.

Who runs MCB Seychelles?+

The banking entity is The Mauritius Commercial Bank (Seychelles) Ltd, based in Seychelles, and the group dates back to 1,991 to 1,999. It lends directly rather than through a broker, covering personal, car and secured, and runs the savings account and debit card under the same name.

Sources

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Monthly fee, Currency conversion fee, Protection.

MCB Seychelles

MCB Seychelles

Seychelles residents who bank locally and want savings, a debit card and a personal loan from the same bank

9.4/10See alternatives