>> Checking / Current Accounts

A demand deposit account (DDA) primarily meant for individuals,

businesses, firms, public enterprises, embassies etc in which funds deposited are payable on demand either in person or by presentation of a cheque / bank draft, direct debit, electronic fund transfer etc.

Benefits

• Assist and enhance business transactions of customers with numerous daily banking transactions
• Assist customers in depositing funds and also withdrawing as often as possible so long as account is in credit balance
• Help customer avail credit to enhance business & personal development
• Help customer maintain authentic accountability of business transactions

 Our varieties of current accounts include:

  > Salary Account

• Individual Current Account
• Joint Current Account
• Sole Proprietorship / Partnership Account
• Societies, Credit Unions, Religious Associations, Clubs & Association Account
• Corporate Account
• Public Sector Account
  • State/Ministries/ Assembly
  • State Agencies/ Parastatals/ City & Local Councils
  • Embassies, Consulates & High Commissions of foreign countries
  • Banks and other financial Institutions, Insurance companies etc

 > Salary Account

A current account meant for the salary of individuals in either the private or public sector.

 Features and Benefits

– Zero Minimum opening balance

– Zero Minimum operating balance

– Guarantee deposit of XOF 15.000

– Lodgment of cheques

– Access to debit cards

– Access to SMS/Internet Banking and Mobil Banking

– Access to credit facilities

 Documents

– Stamped hand written application addressed to the director of salaries MINFI (for State Employees only)

– Attestation of effective presence at work …not older than 03 months.

– A recent copy of pay slip,

– Location plan of residence

– Duly Completed account opening form

– Identification – National Identity Card copy

– An Attestation of non-indebtedness ( for prospective clients coming from other banks)

– Resident permit (for immigrants in the private sector)

– Four passport size photographs

 Individual / Joint Current Account

A current account meant for the business activities of individuals. Two or more individuals have the possibilities of operating a Joint account.

 Features and Benefits

• Minimum opening balance of XOF 50.000
• Zero Minimum operating balance
• Guarantee deposit of XOF 15.000
• Lodgment of cheques
• Access to debit cards
• Access to SMS/Internet Banking and Mobil Banking
• Access to credit facilities

 Documents

• Duly Completed account opening form
• Identification – National Identity Card of the individual or of the joint signatories
• Resident permit (for immigrants)
• Four passport size photographs
• Marriage Certificate (if married)
• Location plan of residence
• Initial deposit of XOF 50.000

 Sole Proprietorship/Partnership current account

A current account meant for business activities of sole proprietorship and partnership companies.

 Features/Benefits

• Minimum Opening Balance of XOF 450.000
• Zero Minimum operating balance
• Lodgment of cheques
• Guarantee deposit of XOF 50.000
• Access to Debit Card, SMS and Internet Banking
• Access to consumer credit facilities

Documents

• Duly completed account opening form
• Identification of each partner/sole proprietor national ID
• Utility bill or plan of localization of office
• Signed right of set-off form
• Certificate of registration of the partnership/sole proprietorship
• Partnership agreement (if any) for partnership only
• Business license
• Tax contribution card
• Current financial statement

 Societies, Clubs & Associations current account

A current account meant for transaction activities of societies, Clubs & Associations.

 Features and Benefits

• Minimum opening balance of XOF 450.000
• Guarantee deposit of XOF 50.000
• Zero Minimum operating balance
• Lodgment of cheques
• Access to Internet Banking
• Access to consumer credit facilities

 Documents

• Duly completed account opening form
• Identification of signatory (national ID, international passport)
• Articles and Memorandum of Association
• Status
• Utility bill or localization plan of business
• Signed right of set-off form
• Minutes of board meeting electing/appointing the Senior officers
• Certified of incorporation
• Religious association should include decree authorizing the religion & authorization of central administration office

 Corporate current account

A current account meant for business transaction activities of Limited Liability and Public Quoted & Unquoted companies.

 Features and Benefits

• Minimum opening balance of XOF 950.000 + guarantee deposit of XOF 50.000
• Zero Minimum operating balance
• Lodgment of cheques
• Access to Internet Banking
• Access to credit facilities

 Documents

• Duly completed account opening form
• IDs of authorized signatories
• Status
• Minutes of BOD meeting appointing CEO, GM, AGM, CFO etc and specifying their powers and limits to open and run company’s account
• Four passport size photographs of each of the signatories
• Location plan of business
• Signed right of set-off form
• Business registration certificate
• Tax contribution card
• Balance sheet (min 2 years) for existing businesses

 Public sector current account

An account meant for business transaction activities of Government agencies (Ministries, Assembly etc) from the State, City and Local councils.

 Features and Benefits

• Minimum opening balance of XOF 950.000
• Guarantee deposit of XOF 50.000
• Zero Minimum operating balance
• Lodgment of cheques
• Access to Internet Banking
• Access to credit facilities

 Documents

• Duly completed account opening form
• IDs of signatories
• Copy of decree appointing GM and BOD / Copy of gazette or decree setting up the Parastatal/Agency
• Four passport size photographs of each of the signatories
• Letter requesting for account to be opened/board resolution
• Letter introducing signatories and their designation
• Localization plan
• Signed right of set-off form
• Any other document
• Copy of latest annual report and accounts or 12 month bank statement (for established businesses).