Current Account
Current Account
From saving your hard earned money, running a hassle free business account, to carrying out seamless international transfers and much more, our accounts varieties have got you covered always.
More Information
How to Apply
FAQs
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Features
- No minimum operating balance (account can be operated at zero balance)
- No limit to number of withdrawals in a month
- Attracts Commission on Turnover (COT) and other charges
- Funds transfer and bank cheques/drafts allowed on account
- Intersol transactions – account owner and third parties are allowed.
- Guaranteed float income
- No restrictions on number of withdrawals
How to Apply
CORPORATE ACCOUNT OPENING REQUIREMENT
- Certificate of Incorporation
- Certificate of Registration
- Tax Clearance Certificat
- Board Resolution
- Freetown City Council Certificate
- Article of Association
- License of Operations
- NIN/Travelling Passport of Signatories
- Two passport photos of each signatory
- Directors’ International Passport/NIN
- Shareholders’ International Passport/NIN
- Utility Bill
- Initial Deposit
- Recent passport photographs of the account holder
- Minimum initial deposit of SLE 250
- NIN of the account holder
- Proof of address (utility bill)
- Two satisfactory references (current account holders)
- Residence/work permit for foreigners
- Proof of Identity (Valid ID Card with NIN) for the proprietor and assigned
signatories. - Proof of Address for the proprietor and the registered business address
(utility bill). - Certificate of Registration and Business Name Registration.
- Recent passport photograph of the signatories/proprietor.
- Two satisfactory references (current account).
- Business Certificate from the City Council.
- Tax Identification Number (TIN).
FAQs
1) Who is eligible to open this account?
- Both individuals and Corporate organisations.
- You can open the Current Account at any branch of our Bank spread across the country. All you need do is to walk into any of our branches and the Customer Care staff will treat you to our traditional courteous service.
- N1/Mille Account Maintenance Fee is applicable.
- s party cheques into the customer’s account.