If you are looking for the minimum balance that can be left in your saving account at the Ghana Commercial Bank, then you are at the very place you need to be.
I will answer your question on what is the minimum balance for a GCB savings account.
Undoubtedly, savings has become a major part of the average Ghanaian.
Hence the need to find a secured and flexible savings plan is also indeed a demand.
With this in mind, GCB has introduced three main categories which engulf all stages of people from kids to adults.
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What Is The Minimum Balance For GCB Savings Account
Whenever you open a savings account at GCB, you are mandated to make an initial deposit to activate the account.
This initial deposit is always kept in your account. There is another deposit known as the minimum operating balance, and once you withdraw this minimum operating balance, your account is declared null or inactive.
The minimum operating balance for a GCB savings account is Gh¢5.00, and the initial deposit for an individual savings account is set at Gh¢10.00
Types Of Ghana Commercial Bank Savings Account
GCB savings account, as already said, is categorized into three (3), namely;
2. Trust Account
With GCB, there is a place for everyone to save.
How Do I Apply For GCB Savings Account
Applying for a savings account with GCB is very easy and quick.
You only need two (2) passport-sized pictures, proof of residence, a national ID card, and proof of postal address to start the process.
After gathering all of these documents, visit any Ghana Commercial Bank outlet in the country and request and fill the account opening form.
You also need to have an amount not less than Gh¢ 100.00 to help activate the savings account and pay for other things if the need arises.
Can I Withdraw All The Money In My Ghana Commercial Bank Savings Account
No, GCB does not allow you to withdraw all the money from your savings account at once. That is because, there is a minimum limit you can have in your account and when you withdraw to that, you can no longer cash out again.