I really like the convenience of using my Bhutan National Bank (BNB) ATM card for paying at participating shops. No need to carry around cash, no need to deal with checks. I recently learned of two additional reasons for using the card to pay at these shops. The first is straightforward. The second is slightly more tricky.
- There's a monthly "Swipe and Win" draw with nice prizes (see the amounts in the shown ad). They'll even call you if you win.
- Using your card in this way is the only way to withdraw money from your account without affecting your eligibility for interest. In particular, BNB announced that as of April 1, 2010
Sounds like a good deal. However, as we have been told at the main branch, to receive the interest you must have 4 or less withdrawals from your account per month. "Withdrawal" includes using the ATM machine, writing a check, or withdrawing directly from the cashier. Surprisingly, using your BNB ATM card at shops does not count as a withdrawal for this purpose!
BNB customers are eligible to receive an interest rate of 4.5% (effective) on saving accounts with a minimum balance of Nu.1,000.00 with no upper limit