MERA

Migrant Employee Rupee Account

The Migrant Employee Rupee Account (MERA) is a tailored Sri Lanka Rupee account product designed for Sri Lankans employed abroad and residing outside Sri Lanka. These accounts can be opened as Savings Account, Fixed Deposit Account, or Current Account. However, cheque book facilities and overdraft facilities are not permitted for Current Accounts.

Facilities

BOC Flex / Internet Banking facility
e-Statements
ATM card for domestic usage
BOC Smart Pass Book / No physical passbook required
Can be opened via Business Promotion Officers overseas or by visiting a branch prior to departure
SMS alerts for (roaming activated) local mobile numbers

Required Documents

Duly filled application form
Customer Registration Form
Valid visa / overseas job contract
Passport
National Identity Card (NIC)
Proof of local address (if different from the address mentioned in the NIC)

Terms and Conditions

The applicant should be a Sri Lankan migrant employee 18 years or above (Excluding Emigrants)
All existing LKR accounts maintained with Bank of Ceylon will be converted to MERA accounts upon declaration of departure from Sri Lanka, and ATM cards issued for such accounts will be cancelled
Joint MERA accounts cannot be maintained between a resident and a non-resident
MERA accounts can be re-designated and continued as ordinary savings accounts once the migrant employee becomes a resident in Sri Lanka
Bank of Ceylon reserves the right to change, add, or revise any condition(s) and/or facilities offered under this product or service

Key Fact Document

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