Offering innovative services and products to enhance customers’ banking experience is at the core of Consolidated Bank Ghana relations. CBG bank has various accounts which serve the purposes of customers comfortably. One of these products is the CBG Flex Plus account.
In today’s guide, we shall discuss the CBG Flex Plus account, what it is, and other essentials about it.
The account is extra of what the CBG Flex current account gives you.
It is a hybrid account, which implies it operates like a savings account and a current account simultaneously.
The CBG Plus account is an interest-bearing account, and its interest rate is in a competitive range.
Apart from being an interest rate-driven account, its holders are open to receiving an ATM debit card (local and Mastercard), checkbooks, and others.
This account is open to all except people below the age of 18. You can visit any CBG bank branch in Ghana and register for it.
To open the CBG Flex Plus account, the minimum amount you need is GHS 200.00. Customers are allowed four (4) free withdrawals per month.
However, if there is any extra withdrawal that same month, you are charged a transaction fee per the amount withdrawn.
Table of Contents
What Is a CBG Flex Plus Account
A CBG Flex Plus Account is a uniquely structured savings account that offers holders a flexible account management plan and corresponding benefits.
The Flex Plus account allows you to share the advantages of both a savings account and a current account.
Who Can Open A Flex Plus Account
The only constraint with this account is on an age basis. If you are not 18 years or above, you can’t open it.
With the exemption of the age restriction, the Flex Plus account at Consolidated Bank Ghana is available to everyone, provided the individual meets all the requirements for operating one.
Requirements To Open Consolidated Bank Ghana Flex Plus Account
To open a CBG Flex Plus account, you need to satisfy the parameters listed below:
- Submit a document showing proof of identity (Passport, Ghana Card, Driver’s License, or Voter ID)
- Show proof of residence (recent utility bill of your house or tenancy agreement letter)
- Ghana Post GPS address
- One passport-size photograph
- Tax Identification Number (TIN)
- A permit is required if you are a foreign national
- Fully completed account opening form
- Minimum opening balance
How Much Does It Cost To Open a Consolidated Bank Ghana Flex Plus Account
With a minimum of GHS 200.00, you can walk into any Consolidated Bank Ghana
bank branch and open a Flex Plus account to your name.
Unlike other accounts at Consolidated Bank Ghana, this account has a slightly raised minimum opening balance because of the advantages its holders are privy to.
Does Consolidated Bank Ghana Flex Plus Account Earn Interest
Yes, the CBG Flex Plus account is interest-generating. However, this does not guarantee that you can get an interest rate calculated on any amount in your account.
The minimum amount to earn interest on your CBG Flex Plus account is GHS 1000.00.
What Is The Interest On Consolidated Bank Ghana Flex Plus Account
The Flex Plus account has an interest ranging from 0.5% to 4.0% per annum. All the interest associated with this account is listed below:
Amount Interest Rate %
1000 – 10000 0.5
>10000 – 50000 1.00
>50000 – 100000 1.5
>100000 – 300000 2.0
>300000 – 500000 2.5
>500000 – 700000 3.0
What Is The Withdrawal Limit Of CBG Flex Plus Account
It is not surprising that the Flex Plus account is given a withdrawal limit. Holders of this account are given 6 free withdrawals per month.
All other withdrawal transactions after the first six attract charges.
With the Flex Plus account, you cannot withdraw all your amount, and you are required to have at least GHS 100.00 in the account to make it active.
How Much Is Charge For Flex Plus Account Withdrawal
Apart from the first 6 free withdrawals, all other withdrawals in the month attract a charge of GHS 5.00.
This transaction fee is deducted at the end of the month.
The account is packed with a lot of benefits. Get registered for one and enjoy these benefits.
This is where we will end.
For more inquiries, contact CBG at 0302216000 or send them a mail via email@example.com.
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