Personal Banking

Current account

Sesame Card Account

Savings Account

GoldPlus Account

School fees Account

Fixed deposit Account

Call deposit Account

Personal Loan

A payment system just like any other payment system such as the cheque payment system that enable you to transfer

funds from one account to another between financial institutions within a faster period of time.

Key features

a) Credit transfers: Upon customer’s request, the account is debited with funds then transferred to another account in

another financial institution.

b) Debit transfers: Upon customer’s request, the customer’s account is credited with funds that are received from the customers’ debtors following an agreement independently arranged between the customer and his

debtors.

Why Electronic Fund Transfer (EFT)?

• It facilitates secure transfers of funds between banks

• It a faster payment system than the cheque payment system (within 8 working hours)

• It is the cheapest payment system

• It is the most appropriate payment system for salary payments, standing instructions

How does it Work ?

• To transfer a credit transaction, a customer will fill a credit transfer form which should be signed by the authorized

..signatory to the account.

• Details on the form are then verified by the Branch Accountant or Manager, then the form is sent to the Head Office

..Clearing Officer who in turn sends the transaction details for clearing. After the clearing process, the recipient bank

..will credit the beneficiary of the funds within 8 working hours

• To transfer a debit transaction, a customer will fill a debit transfer form which should be signed by the authorized

...signatory to the account.

• Details on the form are then verified by the Branch Accountant or Manager then sent to the Head Office Clearing

..Officer who in turn sends the transaction details for clearing. After the clearing process, the customer’s account

..will be credited with funds from his debtors with 8 working hours

• Customers can apply anytime within the bank’s working hours.

Commercial Banking

Current Account

Term deposits

Commercial Loans

Over draft

Bank guarantees

International Business

Corporate Services

Investment Services

PC Banking

Complementary Services

Electornic Fund Transfer

Real Time Gross Settlement

Money Transfer Payment System

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