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Call account

A Call account is an interest-bearing account into which funds can be deposited and accessed on demand. Funds may be transferred electronically between accounts in the same name but third-party payments are not allowed. Interest rates change daily in line with market forces. Interest is calculated on your daily balance and paid every month.

What does it offer me?

  • Available in US dollars, pounds sterling, euro, South African rand and Australian dollars
  • Minimum account opening deposit of P10,000 is needed. You can add to your investment at any time as long as it is not less than P1,000
  • For foreign currencies you need a minimum of 500 in the relevant currency
  • There is no restriction on the number of transactions
  • Loan facilities are available against a pledge of funds in your Call account
  • You do not need to give us notice to withdraw funds from your Call account
  • Your account can be used as a cash management facility, with income directed to the account to keep a high credit balance
  • You can move funds to a transaction account for your everyday banking needs.

 

What do I need to apply?

Visit your nearest branch with the following documents:

  • Typed resolution by board of directors asking to open account and stating signatories. To be signed by directors and signed and stamped by Company Secretaries
  • Financial statements.
  • New customers need to open a transactional account.

 


 
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