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Bank of Bhutan review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Bank of Bhutan is a state-owned bank serving Bhutan, where a variable deposit rate of 4.5% and on-demand access make its savings deposit account practical for residents holding funds locally. Fees apply, though: a monthly fee of BTN 12.50 and a minimum deposit of BTN 500 apply to the account.

Key facts

Best for
Saving and everyday banking inside Bhutan, in the ngultrum, with no travel to another market.
Monthly fee
BTN 12.50↗
Currencies
8↗
Transfer fee
Free of charge (inward transfer via SWIFT)↗
Legal entity
Bank of Bhutan Limited↗
Headquarters
Bhutan↗
Founded
1968↗
Support channels
Phone, Help-centre↗
Official website
bob.bt

Savings

Headline rate
4.5%↗
Rate type
Variable↗
Minimum deposit
BTN 500↗
Access terms
On-demand access; no upper limit on balance; interest paid irrespective of number of withdrawals; account treated as dormant if no debit or credit entry for 1 year or more↗
Account kind
Easy access↗

Money transfer

Delivery time
Within 5 minutes (RIA Money Transfer bank deposit)↗
Payout methods
Bank, Cash-pickup↗
Fee to send 1,000
BTN 0↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

Elsewhere
Wikipedia

Pros and cons

Pros

  • Savings pay a variable rate of 4.5% with no balance ceiling and interest paid however often you withdraw
  • Access is on demand, and the account is easy-access rather than locked for a term
  • Foreign currency remittance covers 8 currencies
  • Inward transfers by SWIFT are Free of charge (inward transfer via SWIFT)

Cons

  • A monthly fee of BTN 12.50 applies, where the typical fee across compared accounts is €0
  • A minimum deposit of BTN 500 is needed to open the account
  • Support runs on phone and help centre only, so there is no live chat or email channel listed
Bank of Bhutan

Ready to try Bank of Bhutan?

Scored 9.3 / 10 by VaultCue.

See alternatives

Who it suits

  • Resident account holders in Bhutan keeping savings in the local currency
  • Anyone sending or receiving money through Bhutanese foreign currency remittance
  • Holders of a savings deposit who withdraw regularly and still earn interest

Who should look elsewhere

  • People who need an account with no monthly charge, since fees here sit against a €0 of €0 spread
  • Travellers or expatriates who need a wide currency wallet, as the 8 on offer is below the 5 of 15 in this comparison
  • Savings seekers wanting a fixed term, as the rate is variable and the account is easy-access

How Bank of Bhutan compares

Where Bank of Bhutan is available

Available
Bhutan

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

What does Bank of Bhutan charge to keep an account?+

A monthly fee of BTN 12.50 applies. That is a real cost for a balance that sits and earns 4.5%, though the median monthly fee across the accounts compared here is €0. Check whether your balance and activity justify the charge before opening.

What interest does the savings deposit account pay?+

The account pays a variable rate of 4.5%. Variable means the rate can move, so the return is not locked for a term. Interest is paid irrespective of how many withdrawals you make, and there is no upper limit on the balance.

Can I withdraw money whenever I want?+

Yes, access is on demand. The account is easy-access rather than notice or fixed, and there is no term to run out. Interest keeps being paid no matter how often you withdraw, so regular access does not cost you the return.

Do I need a minimum balance to open the account?+

A minimum deposit of BTN 500 is required. Across the savings accounts compared, the median minimum deposit is €0.11, so this threshold sits above the middle of the group. The account is treated as dormant if no debit or credit entry is made for a year or more.

How many currencies can I hold or send?+

Foreign currency remittance runs to 8 currencies. The median across compared providers is 5 and the upper quartile is 15, so this bank covers fewer currencies than most providers listed here.

What does it cost to receive money from abroad?+

An inward transfer via SWIFT is Free of charge (inward transfer via SWIFT), with the amount charged at BTN 0. Receiving remittance is therefore the cheapest part of moving money in. Remittance payout goes to a bank account or cash pickup.

How quickly does money arrive and who can I contact?+

Delivery is Within 5 minutes (RIA Money Transfer bank deposit) for a bank deposit through RIA Money Transfer. Support runs on phone and help centre, meaning phone and a help centre. There is no listed chat or email channel, so questions outside branch hours go to the phone line.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.

Bank of Bhutan

Bank of Bhutan

Saving and everyday banking inside Bhutan, in the ngultrum, with no travel to another market.

9.3/10See alternatives