Questions fréquentes

For an Advance on invoice, you can contact your account manager with the documents to be provided.

An Advance on Invoice is a short-term loan granted by the bank to a business that has one or more final invoices (without reservation), for work or services already invoiced

The maximum amount is set on a case-by-case basis

No.

Repayment must be made as soon as the invoice is paid by the project manager, in a single payment and at the latest within 6 months from release of the Advance.

Repayment is limited to a maximum of 3 months

Yes.

Yes. e.g.: Perishable produce

YES but on a case-by-case basis.

The repayment schedule is defined with the customer based on their sales forecast or even orders. It can be replaced by documentary credits or assignment of foreign receivables from exports.

An Authorized Overdraft is repaid with a single payment when the expected funds arrive.

If there is any repayment issue, contact as soon as possible your account manager who will advise you on what steps to take

An Authorized Overdraft lets you put your account in debt for a short period, pending the arrival of specific funds, e.g. an Invoice

Any natural or legal person with a BNI account.

This leasing enables a wage-earner to rent equipment under a lease with the option of becoming the owner at the end of the agreement.

Le leasing permet de vendre au comptant son matériel et de le reprendre dans le cadre d’une opération de leasing en vue de le sous-louer à son client (sous locataire) avec possibilité de devenir propriétaire.

Backed leasing is an agreement whereby BNI leases an asset to a loan taker, who in turn leases it to another person (sub-tenant).

The lease is not necessarily the same length as the subletting agreement.

The rate for professionals and business is the PRO PACKAGE.

If you change your phone number, you should notify your account manager as soon as possible

ELIOSMS gives you information about your account via text messages on your mobile phone.

An ELIOSMS contract is valid for one account and one phone number.

The amount of the loan is based on forecasts from the company which will draw up a cashflow plan, taking stock of income and expenditure month by month, to determine the negative cashflow balance. How it is used depends on the campaign plan.

The guarantees to be provided are defined on a case-by-case basis

Repayment depends on your repayment schedule.

The amount of the loan is based on forecasts from the company which will draw up a cashflow plan, taking stock of income and expenditure month by month, to determine the negative cashflow balance. How it is used depends on the campaign plan.

The maximum amount is set on a case-by-case basis

A certificate attesting offset rights can be provided by project managers of a public or private contract.

An Advance on offset rights is a short-term loan granted on producing a certificate of rights established to compensate for delay in the actual settlement of a public or private contract.

No.

Repayment must be made as soon as the invoice is paid by the project manager, in a single payment and at the latest within 6 months from release of the Advance.

The amount of a Cashflow Facility is determined on a case-by-case basis, after a preliminary study carried out by the Bank.

To apply for a Cashflow Facility, you can contact your account manager with the application and required supporting documents

Customers can get a Cashflow Facility if they have had a current account for over 6 months, with regular transactions on the account

YES but on a case-by-case basis

Minimum amount: 10,000,000 MGA excl. tax;

Maximum amount: Depending on the customer’s ability to repay

The BNI lease concerns movable assets.

Conventional leasing is a lease on an asset with an opportunity to become the owner at the end of the agreement by taking up the purchase option

Monthly/Quarterly/Half-yearly

There is no set limit, each customer is studied on a case-by-case basis.

To have had a BNI current account for at least 6 months.

Yes

Yes. Bank charges are calculated for a minimum of 10 days on local bills and for 20 days on off-site bills.

YES according to the customer’s needs

HARMONIA CORPORATE Card and PREMIER CORPORATE Card.

Only the card holder is covered by the insurance.

Yes, however, it is advisable that the card be used by the holder, i.e. the person in whose name the card was taken out.

None. No charge will be made for debits and/or credits to a Corporate Savings Account.

To open a Corporate Savings Account, you must have a BNI-MADAGASCAR current account. The deposit and minimum balance is 50,000,000 MGA.

No. No charge will be levied when debiting a company’s current account to credit a company’s savings account.

The interest is paid into the account at the end of each calendar quarter

The interest of a professional bank account is to separate managing your business from your personal accounts.

A professional bank account keeps your business management separate from your personal accounts.

Yes.

To open your current account, you can go to the reception desk of the nearest BNI branch. You will be directed to your account manager who will help you with the paperwork.

Yes.

Yes.

Customers can enter BNI beneficiaries directly in their ELIONET profile.

A transfer to another bank requires the BNI to enter the beneficiaries beforehand. To do this, you have to give a list of beneficiaries to your account manager.

Telma : 22 611 86 / Orange : 032 07 611 86 / Airtel : 033 12 302 93

Check account balances (Standby value), Check the month’s latest transactions on the account (last 5 transactions), Order a chequebook, Transfer money between MGA accounts (same root sign, same holder).

ELIOPHONE is a call system giving you 24/7 access to your BNI MADAGASCAR accounts via a landline or mobile phone.

The customer pays the cost of the call

Subscribers can transfer money between accounts (from an account to a sub-account)

Any holder of a local and international VISA card and MASTERCARD.

An EPT is an electronic payment terminal for receiving payments by VISA or MASTERCARD bank cards.

Only in Euros. A specific setting is required for any customer wanting to take Euro transactions

To buy an EPT, you can see your account manager who will advise you and assist you with the formalities. EPTs are also available as a rental option.

US Dollar, Canadian Dollar, British Pound, Swiss Franc, Euro.

Any business with a BNI current account may apply for a foreign currency account.

The means of payment accepted on a foreign currency account are cash payments, transfers and travellers’ cheques.

No.

Half the term of the contract

Lease-Back is an operation that enables a business possessing an asset to transfer it to the BNI and then rent it back under a leasing agreement

Yes, with a 3% commission on the outstanding principal

Yes.

Services included in the rent are: All-risk insurance, Geo-location, Maintenance, Upkeep and repairs, Supply of a replacement vehicle if it is immobilized for repairs, Assistance.

Various types of vehicles are available from the catalogue of the LOXEA dealer, who is the Bank’s long-term rental partner.

Rental can range from 24 to 60 months.

For Long-Term Rental, you need to have been a BNI Corporate Client for at least 1 year.

No, the vehicle must be returned to the LOXEA dealer or the Bank.

Changing the PACK does not involve any charges

A PACK gives you several low-priced banking products and services, with a single monthly bill.

Yes, terminating the PACK does not require you to close your BNI account.

No. The PACK contents cannot be changed. You can choose between the PRO PACK and the BUSINESS PACK according to your needs.

To subscribe to a PACK, contact your account manager who will have you sign the relevant contract.

For a Redeemable Overdraft you can contact your Account Manager who will advise you and assist you with the paperwork.

A redeemable overdraft can be repaid over several months.

The guarantees to be provided are defined on a case-by-case basis.

You can choose between an authorized overdraft and a redeemable overdraft depending on whether you want to repay in one go, or several times over several months.

The amount is determined according to your ability to repay, after your application has been studied

The amount of the investment must be at least 2,000,000 MGA. There is no upper limit.

Any BNI account holder.

The investment is for 1 to 12 months.

Yes, a savings bond can be pledged

A savings bond is a bond payable at maturity.

If the term is less than or equal to 2 years, interest may be collected when you subscribe.

The interest rate varies depending on the amount and period of the bond.

The investment period is 1 to 12 months.

A term deposit is an investment account in which the holder cannot use the amount subscribed before expiry of a period determined at the deposit date.

No, a term deposit requires a current account.

The Bank agrees to make an advance payment before the investment matures, with a penalty in the form of a reduced interest rate.

Yes, a Term Deposit is collateralized.

You can get an advance on the investment.

It is repaid at maturity by an automatic transfer to the subscriber’s current account. Repayment consists of the capital and the interest, net of income tax.

Payment for the GASYNET service and Payment of customs duties and taxes.

Customers who import and/or export – Freight forwarders.

To subscribe to Tradenet services, you can contact your account manager and sign the authorization form

The service is free, but there is a charge for transactions.