It is a non-interest-bearing account in which the account holder can make deposits by himself or through third-parties and monies may be withdrawn without notice. It is typically an active account catering for frequent deposits and withdrawals by cheque. It keeps your money secure and helps you manage your finances. It may serve as a Personal Account, a Joint Account, a Business Account, a Group Account, an Association Account, an NGO Account, among others.
Product Features
- Account to be opened in the name of the rightful holder/holders of the account
- Minimum opening balance is GH¢50.00
- A minimum operating balance of GH¢ 20.00
- Access to a cheque book
- Competitive Commission on Turnover (COT)
- Transactions may be carried out on behalf of the account holder upon a firm instruction by the account holder
- It is a non-interest-bearing account
Requirements for Opening Account
- Ghana Card
- Residential utility bill (not more than 3 months)
- 2 passport size photographs
- GPS address
- Resident permit (for foreign nationals)
- Resolution from the Board (for corporate current account)
- Business registration documents (for corporate current account)
Benefits of the Product to the Account Holder
- Easy access to cash and staying in control of your money
- The account holder/s is/are eligible to contract credit facilities from the bank
- Minimal Commission on Turnover (COT) charges
- Allows for cheque withdrawals from third-parties
- It gives the customer the flexibility to make withdrawals on demand and permits other transactions on behalf of the customer
- The account holder is able to build an account turn-over history which is prerequisite for contracting loans
- You are signed unto the bank’s electronic banking platforms
MRB Financial Products
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