Domestic Banking

Experience seamless financial solutions tailored to your needs

Saving Account

Allows individuals to securely store and accumulate their money while earning interest on their deposits.

Eligibility for Account

  • All natural and legal persons
  • Minors through parents or guardian
  • Interdicted persons through legal guardians

Current

bank account designed for frequent and everyday financial transactions.

Eligibility for Account

  • All natural and legal persons
  • Minors through parents or guardian
  • Interdicted persons through legal guardians

Fixed Time

A fixed-time account is a deposit account where funds are locked in for a set period.

Eligibility for Account

  • All natural and legal persons
  • Minors through parents or guardian
  • Interdicted persons through legal guardians

—- Domestic Banking Accounts —-

Empower your finances with our tailored Domestic Banking services.

—— Domestic Saving Accounts—–

An ordinary savings account is a basic type of bank account that allows individuals to deposit and save their money while earning interest on the balance.

  • It is interest bearing account which is compounded monthly and calculated on a monthly minimum balance
  • The minimum balance to open an ordinary saving account is birr 50
  • Within a month, the account holder should credit at least a minimum of Birr 50 in his/her account. 
  • a savings account can be managed by a legal agent with a validated power of attorney.
  • All natural and legal persons
  • Minors through parents orguardian
  • Interdicted persons through legal guardians

A youth savings account is a specialized bank account designed for young individuals, typically minors or teenagers, to promote financial literacy, encourage savings habits, and provide a safe place to manage their money.

  • It is an account for both male and female youth segments in the age group of 18 to-29 years
  • A minimum deposit requirement of 50 birr must be deposited ;
  • It is accompanied by a debit card;
  • It has no transaction fee and free account maintenance; and
  • Better interest rate than the normal saving rate will be applied to the account as per the terms and tariff document of the bank..
  • All natural and for individuals above the age of 18 and below 36 ages.

Compulsory saving refers to a system or practice where individuals are required by law or regulation to set aside a portion of their income or earnings for savings purposes.

  • All compulsory savings are not withdrawn until the loan is fully repaid.
  • The interest rate for this savings account is 7%, and for group-based loan borrowers, 5% of the approved loan will be deducted as pre-loan savings and deposited into their compulsory saving account.
  • All natural and legal persons
  • Minors through parents or guardian
  • Interdicted persons through legal guardians

A sorema savings account, also known as a retirement account or pension account, is a specialized financial account designed to help individuals save and invest funds for their retirement years. 

  • Sorama (retirement) saving is designed to mobilize savings from people during their active age and when they are earning more income that to be deposited with a special interest rate and to be withdrawn for investment, creating family or own jobs or to cover future planned or unplanned expenditures.
  • It has no transaction fee and free account maintenance;
  • Better interest rate than the prevailing saving rate will be applied on the account;
  • The minimum deposit time for Sorama savings is five (5) years and the bank has higher interest as stipulated in the terms and tariffs document;
  • If the Sorama saving client breaches the agreement and decides to withdraw fully or partially early before the agreement date, the interest to be paid on the deposit shall be the prevailing saving interest rate; and
  • No profit or loss sharing
  • High liquidity and easy access
  • Safekeeping and guaranteed return

It is a saving account opened for individuals below the age of 18.It allows them to safely manage and save their money while learning about financial responsibility.

  • It is a saving account opened for individuals below the age of 18.
  • The account shall be opened and operated by parents or a legally appointed tutor;
  • At the time of reaching major, the total balance will be transferred to an account maintained and operated by the Majo;
  • The minimum deposit time for handhura saving is five (5) years and the bank pays higher interest as stipulated in the terms and tariffs document;
  • New guardian, with legal proof of sole guardianship, can operate the account if the parent/guardian becomes incapable or loses their authority.
  • The Account should be opened in such a way that the bank would be able to make payment:
  • All natural and for individuals below the age of 18.

A Sebbeta Ayo savings account is a specialized bank account designed specifically for women, offering tailored features and benefits to meet their financial needs.

  • Sebbeta Ayyo saving account is women focused deposit product;
  • This account can be opened with a minimum of 50 birr ;
  • Better interest rate than the prevailing saving rate will be applied to the account;
  • Accompanied by separately branded debit cards.
  • Gender must be female; and
  • Age 18 years and above.
  • All Womens
  • Minors through parents or guardian
  • Interdicted persons through legal guardians

—— Domestic Demand Accounts—–

An ordinary demand account, also known as a regular checking account or current account, is a basic type of bank account that allows individuals to deposit and withdraw money on-demand.

  • It is current or checking account which is a non-interest bearing;
  •  it is opened or operated by literate customers only; 
  • The minimum amount required by the bank to open for individual trader is birr 500.00 and for organizations/companies Birr 1,000.00
  • The account opening customer should not be in a blacklist
  • It can be opened and/or operated by a legal agent in the name of principal.
  • All natural and legal persons
  • Minors through parents orguardian
  • Interdicted persons through legal guardians

An interest-bearing account is a type of bank account that earns interest on the balance held in the account

  • It is a checking account which bears interest less than the minimum interest rate of SA set by the NBE (determined by the bank’s President );
  • All its features & advantages are the same with ordinary demand deposit account except the above mentioned one.
  • All natural and legal persons
  • Minors through parents orguardian
  • Interdicted persons through legal guardians

—-Interested in Having One?

GET YOUR BANKING ACCOUNT IN EASY STEPS

1.

1.

Prepare Required Documents

Identification card: e.g. Passport, kebele id, driving license,…

Photo: – Two passport size photos

2.

2.

Visit our Nearest Branch

Once you have gathered your documents, visit your nearest branch.

3.

3.

Fill our Customer Application Form

Fill out the application form today and get ready to experience banking like never before.