Demand Deposit /Current/ Account

Demand Deposit /Checking/Current Account

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Non-interest-bearing deposit account that allows making multiple payments, receipts and other transactions on a daily basis

Account Features

  • Initial deposit to open a current account will be made in accordance with the Bank’s directives, currently Birr 500 for individuals and Birr 1,000.00 for legal persons
  • Deposits to current accounts are made by cash or fund transfer or through cheque clearance
  • Withdrawals from current accounts are mainly made by cheques or by a letter
  • Any account which does not show movement for 6 months or more will be charged, The Bank shall issue statements to current account holders free of charge on monthly basis

Account Benefits

  • Easy access to the Bank’s credit facilities as per the prevailing Policy and Procedure


  • Natural persons (Individual customers) or legal persons