Zero Balance Account

Zero Balance is an account that maintains a disbursing account at “ZERO” by transferring funds from a saving account. The procedures to open and operate the account are as follows

Zero balance for Current Account may be opened with an initial amount of birr 250.00 while Zero balance for Saving Account may be opened with an initial amount of birr 50,000.00
Individual owing big business and Corporate can open such an account.

Eligible Entities

Individual person & legal person
  • Idirs,
  • Associations, etc… those fulfill the requirements to open demand deposit account.

Document Requirements

  • None

 

 

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