Who is it for?
This account is opened for Salary Earners. The minimum amount to open a salary account is Le100,000.00
What you'll need:
- Two passport size photographs
- National ID Card/Passport (National/International)/Voter’s ID/Driver’s License
- Proof of Address/ Visitation Report
- Account opening balance of Le100,000
- Two references needed/ Letter of introduction from Employer
- Resident permit for non-residents
Features and benefits:
- A cheque book will be provided
- Access to Salary Loan
- Flexible online withdrawal from any branch nationwide
- The customer will be qualified for a bank loan upon receipt of three months’ salary domiciled with the bank
- The loan repayment period on the current account is 12 months
- Interest on salary overdraft is 25% of the overdrawn amount while it is Prime + up to 5% on a bank loan and a non-refundable management fee of 2% upfront of facility amount
- Attracts Le3.00 per Mille COT (Commission on Turnover) on total overdrawn amount monthly