|
|
CURRENT ACCOUNTS
This is a generic product. It enables customers (enterprises,
societies, individuals and corporate bodies among others)
transact business and effect payments using cheques. The
initial deposit for individuals is GH¢20.00 and
for enterprises. GH¢50.00 Balances above GH¢100.00
will attract an interest. To apply the customer completes
and submits a standard application form.
SAVINGS ACCOUNTS
The Savings account is usually a fund for future use or
against the proverbial "rainy day". People would
open savings account to accumulate funds in a safe place
and at the same time generate some earnings. The initial
deposit for individual savings account opening is GH¢10.00
with the minimum operating balance set at GH¢5.00.
To start earning interest one's balance should be above
GH¢50.00.
To apply the customer fills and submits an application form in addition to two passport-sized photographs. The standard savings account is available to all people. It could be an individual, joint, group or society account.
Trustee Savings is a special savings account for children. This comes in handy for the child's education and development.
OVERDRAFTS AND LOANS
Customers may need funds over and above what they currently
have, either to expand their business or start one. An overdraft
facility may be provided in this instance. The following
are options available to the customer:
OVERDRAFT:
The customer is allowed to draw monies to a specific amount
with interest charged only on the amount overdrawn.
SHORT TERM LOAN
Monies advanced to customer over a specified period usually
12 months payable by monthly equal instalments.
MEDIUM TERM LOAN
The customer enjoys a facility from the Bank and this is
paid back over a three to five year period with negotiable
repayment terms.
The CCS allows customers who are regular income earners to purchase domestic appliances, communication systems, household furniture, personal computers and electronic gadgets from designated shops. Unlike other credit schemes, where the beneficiary makes a deposit before being considered for the facility, GCB makes the full payment on behalf of its customer to the vendor. The customer then picks up the required gadget while the Bank makes monthly deductions from his/her income. Repayment is between six and 18 months.
CORPORATE BANKING
This provides customised solutions through Relationship
Managers for corporate bodies consisting of large domestic
businesses, subsidiaries of multinationals and parastatals.
