Deposit Accounts

SIS&L Deposit Accounts are available for both individuals and corporate bodies.

1. Savings Account

A savings account provides a convenient solution to building up surplus funds. It helps to plan and save in the short term as well as accumulate funds to invest in the future. The SIS&L Savings Account offers the best option for you in cultivating habits for wealth creation and management:

Features:

● Interest Bearing
● Initial deposit
● ATM card use
● Minimum balance
● Access to a savings booklet
● Maximum of six (6) withdrawals per month

Benefits:

● Safe keeping of your money
● Attractive interest rates
● Building up substantial deposit as equity towards future investments
● Easy access to loans with savings as cash collateral
● Flexible cash withdrawal terms
● Savings withdrawal booklet to track withdrawals and deposits
● Easy monitoring of accounts
● Access to numerous Gh-Link ATMs
● Accumulation of funds against unforeseen circumstances

Requirements:

● Complete account opening documentation
● Proof of identity- National ID/Service ID
● Passport size photograph
● Proof of address (utility bill) – Not applicable for GAF Personnel
● Letter of introduction from employer/Reference letter
● Initial Deposit: Individual – GHS50.00, Corporate – GHS100.00

2. Current Account

This is a cheque account used to carry out day-to-day business operations. It enables the customer make payments and transact banking through the issuance of cheques. SIS&L Current Account enables you access funds and deposit cheques at any branch.

Features:

● Interest earned on minimum balance of GHS2,000.00 (GAF), GHS5,000.00 (Non-GAF)
● No Commission on Turnover (COT)
● No restrictions on withdrawals
● Over the Counter (OTC) Transactions
● Funds transfer
● Email and SMS alerts on transactions
● ATM Debit Card Services
● Internet Banking

Benefits:

● No restrictions on withdrawals
● Convenient services – standing orders, direct debit services
● Access to utilities & bill payments
● Use of ATM & electronic cards
● Access to credit facilities

Requirements (Individual):

● Complete account opening documentation
● Proof of identity- National ID/Service ID
● Passport size photograph
● Proof of address (utility bill) – Not applicable to GAF
● Letter of introduction from employer/Reference Letter

Requirements (Corporate):

● Complete account opening documentation
● Board Resolution
● Certificate of incorporation
● Form 3
● Form 17 (if applicable)
● Company constitution
● National ID of Directors and Account Signatories
● Passport size photographs of Directors and Account Signatories