Service Overview
BACCSOD renders SALARY PAYMENT SERVICES to members/customers who earn monthly or periodic incomes and are paid through the Controller and Accountant General’s Department. Employees of other private institutions can also process their employees’ salaries through BACCSOD salary payment services. Employers shall open account at any BACCSOD Societies for the employees and the employer institution itself
Benefits of the Account
- No processing fees and COT on the employee’s salary (savings account holders).
- Employees need to acquire shares to enable them become members and have access to loans and other services.
- Easy access to funds
- Frequent withdrawals are permitted
- Timely notifications through SMS alert
- Savings account holders earn interest
Account Opening Requirements
- Ghana Card
- 2 passport size photographs
- GPS address / residential address
- Resident permit (for foreign nationals)
- Resolution from the Board (for corporate current account)
- Business registration documents (for corporate current account)
