Many Bangladeshi students are going to different countries for study purpose. Every year they need USD to meet their educational expenses. Students carry this USD is in the form of cash or other means with them or their parents or relative send this money to them in ways that are not at all convenient at times. Also, our Credit Card policy is not student friendly since they legally cannot be employed. To make this fund transfer convenient we may issue MBL VISA Student Card for these types of students. It is pertinent to mention here that this segment is on the rise.

The proposed MBL VISA Student Card would be a Pre-paid product and there would be no credit risk on bank’s part as the card’s USD limit would be set by the bank upon receiving equivalent Taka from the cardholder prior to activation of the card. Bank shall earn Card fee and a fraction from the merchant commission whenever the card is used at a merchant point.

The terms and conditions of the product may be as under:

It is to be mentioned that as per Bangladesh Bank guidelines ADs are allowed to release foreign exchange for admission and study by Bangladeshi nationals in regular courses such as undergraduate, post graduate, language course pre-requisite to bachelor degree & professional diploma/certificate courses in recognized institutions abroad (Copy enclosed).