About JDB Bank (Joint Development Bank)
Founded in October 1989, JDB Bank (Joint Development Bank) is one of the oldest banks in Laos. Originally established as a joint venture between a Thai royal family enterprise and Laotian banks, the ownership was later transferred to Thai shareholders. Since the latter half of 2012, it has been owned by a Laotian conglomerate. Currently, JDB Bank is one of the largest banks in Laos, with 60 branches across the country and hundreds of ATMs.
In recent years, JDB Bank has enhanced its services significantly, including the introduction of online banking and partnerships with Visa, which allows its debit cards to carry Visa debit functions. This partnership enables greater convenience and accessibility for customers, allowing them to use their JDB debit cards internationally wherever Visa is accepted. This move reflects JDB Bank’s commitment to improving customer service and adapting to the global financial landscape.
Five charms of JDB Bank (Joint Development Bank)
Easy Account Setup Open an account online from within the country, and receive your card in approximately two weeks.
Trusted Bank Established in 1989, JDB Bank is the largest bank in Laos, known for high customer satisfaction.
Cryptocurrency Support In addition to US dollars, JDB Bank handles cryptocurrencies such as BTC and USDT.
Visa Debit Included The cash card includes Visa debit functionality, allowing for global usage.
Online Banking Complete deposits, withdrawals, transfers, and various payments online.
Growth of JDB Bank (Joint Development Bank) JDB Bank is currently attracting attention from wealthy individuals worldwide due to Laos’s high economic growth rate, following countries like Thailand and Myanmar. While Vietnam and Cambodia were previously in the spotlight, Laos is now the emerging country attracting significant interest.
JDB Bank is currently the only bank in Laos that offers online banking and mobile banking apps compatible with iOS and Android. As the largest international bank within the country, JDB Bank leads the Laotian financial sector. The bank itself has experienced remarkable growth; between 2012 and 2019, it grew an impressive 574%. This rapid growth underscores JDB Bank’s leading role in modernizing and expanding financial services in Laos, contributing significantly to the accessibility and convenience of banking services for its customers.
List of Currencies Handled
At JDB Bank, the largest private bank in Laos, customers can use a dedicated wallet to manage not only U.S. dollars but also cryptocurrencies such as Bitcoin (BTC). This integration allows for a seamless transaction experience, blending traditional banking with modern digital currency solutions to meet the diverse financial needs of its customers.
Currencies and Their Functions at JDB Bank
- USD (U.S. Dollar): Customers can perform various transactions such as deposits, withdrawals, and international transfers.
- Bitcoin (BTC): Transactions including deposits, withdrawals, purchasing, and selling of Bitcoin are facilitated.
This dual capability ensures that JDB Bank meets both the traditional banking needs and the innovative financial services demanded by modern customers.
Visa-Enabled Debit Card at JDB Bank
When you apply for an account at JDB Bank, you receive a specialized passbook and a debit card that includes Visa functionality. This Visa-enabled debit card offers you the convenience to withdraw cash at ATMs worldwide and to make purchases at stores, restaurants, and other outlets across the globe.
One of the significant attractions of the JDB Bank debit card is its capability to be loaded with cryptocurrencies (digital assets), enhancing flexibility for users who engage in both traditional and digital financial transactions. This feature makes it an excellent choice for those who wish to leverage the versatility of digital currencies alongside conventional banking services.
JDB Bank (Joint Development Bank) account opening fee You can open an account for a total of $800, including an account opening fee of $500 + initial deposit of $300. We only accept BTC as a payment method.
Steps to opening a JDB Bank (Joint Development Bank) account
Step 1: Submit Your Application Begin by filling out the application form available on the JDB Bank website or through the designated request form link.
Step 2: Pay the Account Opening Fee Once your application is submitted, proceed to pay any applicable fees for opening the account. This may vary based on the type of account and services selected.
Step 3: Identity Verification (KYC Process) Complete the Know Your Customer (KYC) process, which involves verifying your identity using official documents such as a passport or national ID card. This step is crucial for compliance and security purposes.
Step 4: Bank Review After your identity is verified and the fees are paid, JDB Bank will review your application. This review process will assess your application for approval based on the bank’s criteria.
Step 5: Delivery of Passbook and Card Once your application is approved, typically within about one month from the review, you will receive your bank passbook and Visa-enabled debit card. This card will allow you to perform banking transactions both locally and internationally.
