Eastern Bank Ltd (EBL) introduced the country’s first online-based instant account opening solution “EBL INSTA Account.” The private bank launched the solution on Sunday in line with Bangladesh Bank’s electronic Know Your Customer (e-KYC) guideline to help customers and employees maintain maximum possible social distancing amid the Covid-19 pandemic, said a press release. Customers need to produce their national identity card (NID) at the time of account opening, and will enjoy debit card as well as free cheque book facilities. This initiative will not require filling up of any printed form while opening an account with EBL. Their identity will be verified very promptly through digital means, and KYC profile will be maintained in a digital form. EBL Insta Account comes in both current and savings variant, and the service is available in all EBL branches. Ali Reza Iftekhar, managing director and CEO of EBL, said, “The account can be opened conveniently and securely in a minute, minimizing the total time spent by customers in the bank, while ensuring them top-quality digital banking services.”
