In this guide, I will spell out to you what is the difference between GCB current account and a savings account.
People often seem a little off when you ask the type of account they want to open or the type of account they have with a bank.
Ghana Commercial Bank offers other account services, like the investment account, the foreign exchange account, but for this guide, we shall concentrate on the savings and current account.
By the end of this guide, you will know what each means, their benefits, and finally, what their differences are in the Ghana Commercial Bank space.
What Is Ghana Commercial Bank Savings Account
Ghana Commercial Bank savings account is an account type under the account structure of Ghana Commercial Bank, mainly open to save for future needs.
The savings account at GCB has no age range.
Ghana Commercial Bank has three (3) most used savings account, these are:
What Does GCB Current Account Mean
As the name (Current) suggests, this type of account at GCB offers individuals day-to-day access to their funds, either to attend to their basic needs or emergencies.
This type of account is mostly patronized by professionals and organizations.
What Services Do Savings And Current Account offer
Customers who open a savings account or current account at Ghana Commercial Bank are privy to the following services:
1. Internet banking
2. Mobile banking
3. Free Mini Statement
4. E-mail notifications
5. SMS alerts
6. Account statement
7. Cheque book
The above services are but a few of the services offered by GBC savings and current account.
What Is The Difference Between GCB Current Account And Savings Account
The following are the differences between GCB current and savings account:
•Current account funds are accessible everyday whiles savings account have limits for accessing funds
•With your current account, you can withdraw all your funds’ while with a savings account, you need to keep in the account the minimum operating balance
•Current accounts at Ghana Commercial Bank often have no interest rate whiles savings account attract interest.
Can I Open Both Current And Savings Account At Ghana Commercial Bank
Yes, you can open both current and savings accounts at any Ghana Commercial Bank branch. Both of these accounts serve different purposes. Once you meet the requirements for opening the account, you are good to go.