Mauritius Commercial Bank: The Mauritius Commercial Bank Limited, a licensed bank in Mauritius

The Mauritius Commercial Bank is operated by The Mauritius Commercial Bank Limited, which appears in the list of banks licensed by the Bank of Mauritius and members of the Mauritius Deposit Insurance Scheme as at the end of May 2026. The same list mentions a leasing company of the group, MCB Leasing Limited, as a non-bank deposit-taking institution. The website refers to the MCB Group (mcbgroup.com); the legal notice names the operator as "MCB Limited".

This is a full-fledged Mauritian bank, not a branch. The acronym MCB is also used by unrelated banks established in other countries: only pages from the mcb.mu domain and Bank of Mauritius documents were used.

The banking licence number and the individual entry in the Bank of Mauritius register were not consulted; the ownership link to MCB Group is not described on the pages reviewed.

For a foreign-currency account, the bank requires a national identity card or a passport, a birth or marriage certificate and proof of address in the form of a bill from a Mauritian provider. Opening is done online through online banking or the MCB Juice app, or in a branch by appointment; a "Become a customer" journey exists for new customers, with no published conditions.

These requirements are aimed at people domiciled in Mauritius. The wealth management service, MCB Private Wealth, asks in its contact form whether the prospect is a Mauritian tax resident or not, without specifying who is accepted.

The conditions for opening an account for a non-resident or a foreigner holding a residence permit, any list of refused countries, the minimum age, the situation of "US persons" and keeping the account after leaving the country are not published on the pages reviewed.

MCB offers current accounts and term deposits in pounds sterling, US dollars, euros, Australian dollars and South African rand, with other currencies available on request. The official tariff for domestic transactions (October 2026 version) requires no minimum opening amount for foreign-currency accounts; interest is paid only on a credit balance of at least figure being updated (same threshold for pounds and euros).

The same tariff provides for monthly statement fees of $10¹, excluding VAT, charged every six months. A structured deposit in two currencies (Dual Currency Deposit) requires an investment of at least from $500,000².

The international transfer fees in the tariff are presented in columns whose allocation (rupee or foreign-currency account, type of customer) could not be established with certainty: we do not reproduce them. The tariff has no line specific to non-resident accounts.

The Mauritius Commercial Bank Limited is a member of the Mauritius Deposit Insurance Scheme. According to the frequently asked questions of the Mauritius Deposit Insurance Corporation, the scheme protects deposits of residents of Mauritius, in rupees as well as in foreign currencies, up to figure being updated per depositor and per member institution. Non-residents' deposits are expressly excluded.

The FAQ is undated and does not specify the date on which the ceiling came into force or the compensation period.

• Whether a non-resident is accepted, to be confirmed directly with the bank or MCB Private Wealth before taking any steps.
• The absence of deposit guarantee for a non-resident: an expatriate's account in Mauritius is not covered by the Mauritian scheme.
• Transfer and exchange fees in the tariff in force, which is revised regularly.
• The reporting obligations of the country of residence for an account held in Mauritius.