In this guide, we shall focus on the CalBank joint account, what it is, how to open one, and other vital information about the Cal Bank couple account in Ghana.
CalBank is one of the indigenous commercial banks in Ghana providing services like bank account opening, financial advice, loan schemes, investment opportunities, among others, to the people of Ghana.
The joint account is slightly different from the individual account due to the number of beneficiaries involved in it.
The joint account is made for two or more people who are in a joint business or want to save together.
Like the individual account, the couple account at Cal Bank across all the mostly patronized accounts at CalBank.
These accounts are CalBank current account, premium account, Flexi save account, kiddy Save account, and foreign currency account.
Individuals who open a joint account can access all the services available for individual account holders, depending on the type of account they opt for.
Some of these services include free email services, electronic banking services, and others.
With this type of Cal Bank account in Ghana, the parties involved are given shared control over the account, making it impossible to cheat the other.
For instance, withdrawal from the account will need the parties’ authorization before it can be done.
This type of Calbank account is most suitable for married couples, business partners, or relatives.
Table of Contents
What Is CalBank Joint Account
This is a type of account shared and controlled between two or more individuals.
At Cal Bank Ghana, joint account opening will require the individuals involved to be present before it can be done.
It is open to all people who have a concrete level of trust with each other.
Now that we know who can open a joint account with any CalBank branch in Ghana, let us proceed to the requirements.
Requirements To Open CalBank Joint Account
The following are the things you will need to open a couple account at a CalBank branch in Ghana:
1. Valid national identification document (ID) {you can use any of these, Voter’s ID, Passport, Ghana Card, Driver’s license}
2. Proof of residential address (you can present any of these, utility bills, Tenancy agreement letter)
3. Proof of postal address
4. Tax identification number (TIN Number)
5. SSNIT Number (optional)
6. Active electronic mails address
7. Employment details
8. Minimum initial deposit
How To Open CalBank Joint Account
Below are the steps you need to follow to open a joint account at Cal Bank in Ghana:
- Visit any CalBank branch nearby
- Ask for the customer care unit.
- At the customer care unit, both of you will be brief about the Joint account.
- Ask questions if need be
- You will be given the account opening form.
- Tick joint account on the first page of the form
- Provide all the needed information and apply your signature
- Please submit it to the customer care agent to review and complete the form.
- Your form will be processed and authenticated.
- All other necessary details for running the joint account will be communicated to you there or later.
How Much Does It Cost To Open CalBank Joint Account
The cost involved depends on the type of account you are opening.
This amount is referred to as the initial minimum deposit to activate the account.
1. From the joint kiddy Save account, you will need an initial deposit of GHS20.00.
2. An amount of GHS500.00 is charged as an initial deposit for a joint premium account at CalBank.
3. Joint Flexi save account is charged GHS25.00 as the minimum initial deposit, but you will require a minimum deposit of GHS200.00 to start earning interest on the account.
4. For a joint foreign currency account, you must make an initial minimum deposit of 50 currency units.
Is There An Interest On CalBank Joint Account
Yes, depending on the type of account you are opening, you are open to an interest rate that corresponds to it.
For instance, the CalBank foreign currency account yields no interest.
Hence when you open one as a joint, you will need not expect any interest.
Benefit Of CalBank Joint Account
Some of the benefits of the CalBank Joint account includes:
- Access to an overdraft facility
- Access to e-banking services such as ATMs, Visa cards, and others
- Free financial advisory services
- Access to checkbooks
- CalBank mobile banking platform
- Credit lines and letters of credit
Is There A Monthly Charge For Joint Account At CalBank
Depending on the type of account you opened, you may be charged a monthly service charge from your account when you use any of the services available for a joint account.
What Is The Monthly Charge For CalBank Joint Account
The monthly charge for a joint account at Cal Bank in Ghana may differ from one account type to the other.
However, the average charge that can be deducted from the joint account monthly is GHS10.00.
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