Non-interest-bearing bank account which allows the account holder to write cheques against the funds in the account.
Features
- Cheques are issued on this account
- Overdraft facilities can be arranged
- Drawings are allowed against cleared cheques and cash deposited
- Interest is not paid on this account
- Minimum Initial Deposit is GHS 20.00
- Monthly Statements every quarter (4 times yearly)
Benefits
- Low initial deposit
- Easy payment for bills, goods and services
- Helps budgeting and convenient
- Accessible information on account activities
- Access to bank credit facilities
- Additional Statement of Account upon request at a nominal fee
- Reduces the risk of carrying heavy sums of money
- Access to E-banking services and SMS Alert