is a non- interest bearing account with initial deposit of birr 5,000 with an average monthly minimum balance requirement of ETB 25,000
Customers will also have unlimited check writing privileges and access to our technology banking services like Internet, ATM, Mobile free of charge.
Zemen Bank offers a special Business Saving and Business Advantage account that combines the features of a savings and checking account and allows you to keep most of your funds in a savings account (thus earning you interest) while ensuring payment on cheques presented against this combined account.
Deposit interest rate on this account is 7% on monthly minimum balance and requires an average daily balance requirement of ETB 100,000.
There is a grace period of ten days to build up the balance to the required amount. The initial deposit required to open this account is birr 5,000.
A customer who has a checking and a savings account has the option of using the savings account as an overdraft protection towards the checking account.
If a customer writes a check off of his/her checking account and it has an insufficient fund, then the money can be transferred from the savings account to cover the differences.
Business owners have unique borrowing needs. No matter what your borrowing needs, Zemen Bank has the product for you.
All our loan decisions are made by local business representatives who understand the nuances of your business. With Zemen Bank, you’ll get prompt answers and personalized service.
