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Tonga Development Bank review

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

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Our verdict

Tonga Development Bank suits Tongan savers and small businesses wanting a bank account they can open with a modest balance, at an institution running since 1977. The monthly fee is TOP 1 on the basic passbook savings account, above the €0 most listed providers charge.

Key facts

Best for
Tongan residents and local businesses keeping a basic passbook savings balance and needing on-demand access from a local bank.
Monthly fee
TOP 1↗
Currencies
6↗
Legal entity
Tonga Development Bank↗
Headquarters
Tonga↗
Founded
1977↗
Support channels
Email, Phone, Help-centre↗
Audience
Business, Students
Official website
tdb.to

Savings

Headline rate
1%↗
Rate type
Variable↗
Minimum deposit
TOP 10↗
Access terms
Funds available on demand; no withdrawal fees; no interest on balances below $100.00; dormancy fee $3.00 per month if inactive more than 12 months↗
Account kind
Easy access↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • Funds are available on demand with no withdrawal fees on the basic passbook savings account
  • A minimum deposit of TOP 10 keeps the cost of opening modest
  • Support runs through email, phone and help centre, covering email, phone and a help centre
  • Local account details are available for receiving money

Cons

  • The variable rate of 1% sits below the 3% median rate across the site
  • A dormancy fee applies each month when an account stays inactive past a long period
  • Support runs on email, phone and help centre only, with no live chat or community option listed
Tonga Development Bank

Ready to try Tonga Development Bank?

Scored 9.4 / 10 by VaultCue.

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Who it suits

  • Tongan households saving through a basic passbook savings account
  • Local businesses handling everyday banking and sending money overseas
  • Students who can start with a small balance

Who should look elsewhere

  • Anyone wanting a fee-free account, since PayPal Colombia, Plazo ES and Skrill charge $0, €0 and €0
  • Business users sending money overseas who want a lighter running cost, since Plazo ES charges €0 against the TOP 1 fee here

How Tonga Development Bank compares

Where Tonga Development Bank is available

Available
Tonga

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to keep a Tonga Development Bank account?+

The basic passbook savings account carries a monthly fee of TOP 1. Most providers listed on the site charge €0 each month, so this account sits above the typical figure rather than at the free end.

Can I withdraw money whenever I want?+

Yes. Funds are available on demand from the basic passbook savings account, and there are no withdrawal fees. An account left inactive past a long period does attract a dormancy fee each month, so keeping some activity on it avoids that charge.

Does this account pay any interest?+

The basic passbook savings account pays a variable rate of 1%. No interest is paid on balances below the stated threshold, so small balances earn nothing at all, and the variable rate can move over time.

How much do I need to open the account?+

The minimum deposit is TOP 10. That sits near the €21.14 level seen across comparable listings, so the entry point stays modest for anyone opening a first savings balance at a bank rather than a wallet.

What currencies can I hold?+

The bank lists 6 currencies, which puts it near the 5 median for the site. Readers who need a longer currency list, or local account details for receiving money, are better served elsewhere.

Who is this account for?+

The account is aimed at business and student in Tonga, so a local business, a student or a household saving through a passbook account fits well. People living outside Tonga who want a wider currency list would be better served elsewhere.

How do I get help?+

Support runs through email, phone and help centre, so email, phone and a help centre are all available. There is no live chat or community option listed, which matters if you prefer messaging support to phone calls.

How established is the bank?+

Tonga Development Bank dates back to 1977 and is headquartered in Tonga, where the basic passbook savings account sits. It is a long-standing local institution, with 6 currencies available for those dealing overseas.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

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

Tonga Development Bank

Tonga Development Bank

Tongan residents and local businesses keeping a basic passbook savings balance and needing on-demand access from a local bank.

9.4/10See alternatives