Most people are aware that before you can open a current account, you will need to have the requirements for current account opening. In this guide, I will answer whether I need money to open a GCB current account.
Fast forward, let me throw some light on what Ghana Commercial Bank’s current account is.
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What Is A Ghana Commercial Bank Current Account
In simple terms, a current account is a type of account where you can save and withdraw money regularly.
With GCB, the current account makes it possible for customers to make deposits and withdrawals using any ways of depositing and withdrawing.
This type of account is mostly recommended for businessmen and women, professionals, and even churches or organizations.
Now that we know what a current account is, let us tackle the things you will need to open a current account with Ghana Commercial Bank before we answer the question, do I need money to open a GCB current account.
What Do You Need To Open A GCB Current Account
These are the general requirements needed before you can open a current at any Ghana Commercial Bank branch nationwide:
1. Valid national identification card
2. Two passport-sized photographs
3. Proof of residential address
4. Proof of postal address
5. Initial deposit to activate your account
The above list is all that you require to open a GCB current account.
With this, our question can be answered fairly and even explained further.
Do I Need Money To Open A GCB Current Account
By this time, I know that you will need money to open a current account with GCB.
Even aside from the fact that you require an initial deposit to make your current account, all the general things needed will still require money to get if you are not having even one.
This initial deposit is susceptible to change from time to time, which is determined by the bank.
Why Should I Open A GCB Current Account
People who open current account enjoys some advantages over those who open savings account at Ghana Commercial Bank, and this is because of their mode of operations.
Anyone who opens a current account with GCB is open to all these:
1. Free ATM card
2. Withdrawal can be done to the last amount
3. Access to electronic products a d services
4. Instant mini statement can be obtained at ATM outlet
5. Regular payment can be set up through standing structures and debit card usage.
How Much Do I Need To Open GCB Current Account
Upon applying to open a current account with Ghana Commercial Bank, you should know the amount of money required as the initial deposit.
For individuals, the initial deposit is GHS 20.00
For organizations, the initial deposit is GHS 50.00
However, to start earning interest on your deposit, you will need a balance above GHS 100.00