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The Current Account product, offered based on the contract of Qard, shall allow current account holders ready access to their money placed with the Bank.

Product Features
  • Safe custody
  • The customer does not share any loss or profit with the Bank
  • Cheque book facility is available to provide ease of withdrawal
  • High Transaction Amounts
  • Free and limitless inter and intra-bank transfer of funds (only local)
  • Free monthly account statement
  • Individual account holders are entitled to debit card, Internet and mobile banking facility
  • Initial Deposit ETB 100 with no minimum or maximum deposit and withdrawal limit
  • Can be withdrawn with Cash, ATM, POS, Account to Account transfer, Debit Card, Standing instruction and internet and mobile transaction
Basic Requirements

For Sole Proprietors

  • Valid and renewed ID card, passport, Driving License, Other government issue ID cards
  • Tin registration certificate, Renewed trade license and commercial registration certificate
  • The customer should be engaged in Shari’ah compliant business [Halal Business]
  • Initial Deposit

For Artificial Persons [Partnership, Assn., PLCs, Share Companies, etc.]

  • Renewed trade license, commercial registration and certificate of the company
  • Tin registration certificate
  • Authenticated Memorandum and Article of association
  • The minutes of the meeting of the board of directors held to discuss the opening and operation of the account
  • A letter of request to open and operate the account
  • The customer should be engaged in Shari’ah compliant business [Halal Business]
  • A valid and renewed ID card of the authorized person