Thrift savings account

This is Thrift/Osusu collection schemes targeted at traders, artisans, taxi drivers,etc and people in the society that want to imbibe the savings culture.

  • It is targeted at traders who make regular deposits into their thrift savings accounts.
  • Contributions are made daily or weekly.
  • Bank staff goes to customers’ locations to collect the funds.
  • Payments to customers are made through their Relationship officer(s) bank staff.
  • No interest is paid on the account. In most cases the customers withdraw the funds at the end of the month and the bank is entitled to take commission based on a day’s contribution.
  • It could be used as collateral for Loans.
  • Free SMS alert is available.

Documentation Requirement:

1 recent passport photographs.

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