Product Overview
The Mobile savings is a form of savings targeted at micro-to-medium scale businesses. Account holders are assisted by sales persons (mobile bankers) who collect members’ deposits and credit same to the members’ account.
Features of the Account
- Payments or deposits are made on daily basis.
- The targets of Mobile savings are micro-to-medium scale businesses.
Benefits of the Account
- The account holder has the convenience of not moving to the banking hall to make deposits into their account.
- The account holder qualifies to be granted a loan upon acquisition of shares.
- Safety and reliability of funds.
- It gives the account holder the flexibility to make withdrawals on demand
- The account holder is able to build an account turn-over history which is a prerequisite for contracting loans
Account Opening Requirements
- Ghana Card (National Identify Card)
- Residential utility bill (not more than 3 months)
- 2 passport size photographs
- GPS address / residential address
- Resident permit (for foreign nationals)
- Resolution from the Board
- Business registration documents
- Acquisition of minimum shares
- Payment of account entrance fees
- The individual must be of age (18years) and sound mind
- Names and details of beneficiaries
