Saving Deposit
Saving Account / Saving Deposit
It is a regular saving account which allows customers to deposit money, keep it safe, and withdraw funds, all the while earning interest.
Product Features
- Safe and bears impressive interest Rate compounded every month on the minimum balance of the month
- Passbook may or may not be issued depending on the customer’s interest
- No Minimum initial deposit
- Limitless deposit and withdrawal
- Free, convenient and limitless intra-bank transfer of funds (only local)+
- 25 birr Initial Deposit with no minimum and maximum deposit limit
- Can be withdrawn with Cash, ATM, POS, Account to Account transfer, Debit Card, Standing instruction and internet and mobile transaction
Eligibility Requirements
For Retail
- Has to be of legal age [ > = 18 years]
- Present valid and renewed ID card and two recent photographs (3×4)
- Initial Deposit
For Artificial Persons [Partnership, Assn., Ço-ops., PLCs, Share Companies, etc.]
- Renewed trade license, commercial registration and certificate of registration
- Tin registration certificate
- Authenticated Memorandum and Article of association, Partnership Agreement
- The minutes of the board of directors held to discuss the opening and operation of the account (For Share companies)
- A letter of request to open the account and operate
- Valid and renewed ID card
- Initial deposit
