Have you heard of Consolidated Bank classic current account, or perhaps you want to open one yourself? Whatever your question is regarding CBG classic current account, this guide will sort you out. In today’s guide, we shall narrow our spectacles on CBG’s classic current account.
This classic current account is among the many current accounts available at Consolidated Bank Ghana.
The CBG classic current account offers you absolute control and access to your funds whenever you need it, wherever you are.
This account confers numerous benefits on its holders, including a chequebook, ATM debit card (both locally and MasterCard), Free experience bundles, and access to loan facilities. Who wouldn’t want something so good as this?
No one can open the Consolidated Bank Classic current account.
There is an age restriction. It can be opened by a person 18 years or above who are Ghanaian or foreign nationals who reside in Ghana. This current account type is open to deposition in foreign currency.
These currencies are USD, GBP, and EUR.
There is no interest calculated on the CBG classic current account. However, there are monthly charges associated with it, a maintenance fee, charges from CBG e-alerts, and others.
With the classic current, financial security is not an option. It is a priority.
What Is CBG Classic Current Account
CBG’s classic current account is a current account type at Consolidated Bank Ghana that offers you unrestricted access to your funds anywhere.
There is no limit to the number of times you can withdraw from this account. Unlike a savings account, you can withdraw up to the last pesewas.
Who Can Open A Consolidated Bank Classic Current Account
The only restriction with the CBG classic account concerning who qualifies to open one is in relation to age. This account cannot be opened by minors or for minors. Apart from this, anyone qualifies to open one.
Requirements To Open Consolidated BankClassic Current Account
The following are what you need to open a classic current account at Consolidated Bank Ghana:
- A valid National ID (passport, Voter’s ID, Ghana Card, Driver’s license)
- Proof of residence (recent utility bill of the house of residence)
- Ghana Post GPS Address
- A passport-sized photograph
- Tax Identification Number (TIN)
- Foreign nationals will require a residence permit.
- The minimum opening balance for the account
- Fully completed account opening form
What Are the Benefits Of CBG Classic
Some of its benefits include:
- Access to chequebook
- Issuance of ATM debit card
- Free E-Xperience bundles
- Access to loan facilities
How Much Does It Cost to Open a CBG Classic Account
The minimum opening balance for this account is 50 units in any of the currencies available to purchase the account.
For instance, 540 units will imply GHS 50.00 in our local currency and USD 50.00 in US dollars.
This does not imply you cannot deposit beyond this threshold.
Can I Get an Interest On The Classic Current Account
No, the classic current account at CBG is not open to any interest rate. In reality, current accounts are not interest-earning accounts because of their mode of operation.
However, customers are privy to some benefits when they open this account.
What Is the Withdrawal Limit for Classic Current Account
The CBG classic current account has no limit to the number of withdrawals that can be made or the amount that can be withdrawn. You can withdraw at any time and anywhere.
What Is the Monthly Service Charge for Consolidated Bank Current Account
All CBG classic current account holders are charged a monthly service charge of GHS 10.00. This amount is deducted automatically from the account every month. It is not a fixed amount. Depending on the market condition, it can change.
How Much Is Charge on Consolidated Bank Classic Account Transaction
CBG charges 3% on withdrawals in foreign currencies where payment is against cheques or transfers. This withdrawal charge does not apply to local currency transactions.
This is where we end our discussion on CBG Classic Current account. For more information on this, contact CBG on 030221600.
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