A highly recommended account for associations and Njangi groups. Flexible, secure, practical and affordable. Members can request for loans backed up by cash in the account as collateral security.
Account opening fee: FCFA 5,000 + VAT
Initial deposit: FCFA 25,000
Minimum balance: FCFA 25,000
Interest payable: 4.0% per annum
Monthly account handling charges: FCFA 0.00
Account Opening Requirements and Documents:
- 2 Passport Size photographs of each signatory to the account
- A constitution (or bylaws) of the Association
- Certificate of Registration of the Association (where applicable)
- A letter designating signatories to the account and cash withdrawal specifications
- Site Plan of the meeting venue of the Association
- A copy of National Identification of each signatory to the account
Want to know more about our Association Account?
Click the button below to request for a call back from a dedicated Relationship Manager.