Demand Deposit/ Checking Accounts
This is a type of deposit where customers operate transactions using checks.
Sole Proprietorship, Private Limited Companies,Organizations Associations, International and governmental organizations, NGOs,Religious Organizations.
- It is non-interest bearing account
- Customer can transfer fund and effect payment to third-party through check
- This account can be accessed through internet banking service
- Only individually operated accounts can be linked to payment card and mobile banking services, and - The account is captured in a system for quick and efficient deposits and withdrawal at any branch of the Bank.
The minimum balance
to open account is Birr 250.00
All the requirements for individual
institutions and organization can be put in place at the end.