Overview
SBM Bank, at a glance.
SBM Bank is a bank headquartered in Mauritius, regulated by Bank of Mauritius. Business accounts cost MUR 115 a month. Opening an account takes 3–5 days.
SBM Bank (Mauritius) Ltd is a licensed bank in Mauritius, supervised by the Bank of Mauritius.
Why businesses pick SBM Bank
- Accepts domestic, foreign and Global Business companies, partnerships and trusts
- Accounts in MUR, USD, EUR and GBP
- A free business debit card
- Low minimum deposit of MUR 10,000
- A relationship manager for corporate clients
Watch out for
- Accounts are opened in person at a branch
- Overseas standing orders cost MUR 500 online plus overseas charges
- Exchange margin not published
- Accepted countries and prohibited industries are not published
Business fit
Will SBM Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on SBM Bank's published rules
Needs review
SBM Bank works with Startups and SMEs, but does not publish the countries it accepts companies from.
SBM Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What SBM Bank publishes about the businesses it takes on.
Who SBM Bank serves
- Startups and SMEs
- Holding companies
- Import and export
- Fund managers
Not supported
Industries and countries SBM Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use SBM Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
MUR, USD, EUR and GBP
- EUR
- USD
- GBP
- MUR
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Domestic companies, Foreign companies, Global Business companies (GBC1, GBC2), Partnerships and limited partnerships, Sociétés, Trusts
Pricing
What does SBM Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
MUR 115
SME current account
MUR 115 per month
MUR 0 setup · MUR 1,380 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SWIFT / international | MUR 500 | Fixed fee · Overseas standing order online; MUR 800 at the counter; plus overseas charges |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge · Business debit card |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is SBM a bank?
Yes. SBM Bank (Mauritius) Ltd is a licensed bank in Mauritius, supervised by the Bank of Mauritius.
How do I open an SBM business account?
Visit an SBM branch with the business registration, licences, incorporation certificate, identity and proof-of-address documents, and complete the corporate form.
How much does the SBM SME current account cost?
MUR 0.75 per transaction plus VAT, with a monthly minimum of MUR 115, and a MUR 10,000 opening deposit. A business debit card is free.
Can a foreign company open an SBM account?
Yes. SBM's corporate form lists foreign companies and Global Business companies (GBC1 and GBC2) among the accepted forms.
Alternatives
How SBM Bank compares.
If SBM Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
| SBM BankThis pageBank |  | MauritiusBranch opening |
 Bank OneBank | | International banking17 currencies |
 MCBBank | | Global BusinessOnline application |
 Caye International BankInternational bank |  | Offshore bankingNon-residents accepted |
 Wise BusinessE-money institution |   | Low FX costsStandard businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.