Current Account/Demand Deposits

Current accounts are meant to facilitate operational fund balances for individuals/institutions having relatively larger volume of transactions.

  • Payments from current accounts are authorized by cheque.
  • The bank is required to effect payment on demand without prior notice.
  • The minimum initial deposit required to open a current/demand account for individual or individual trade operators is ETB 250.00 (Two Hundred Fifty Birr).
  • Such account is liable to a charge by way of inactive fees for every six months if the balance is less than ETB 250.00 (Two Hundred Fifty Birr) for six months.
  • Bears no interest rate.

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