This is a cost effective transactional account for price sensitive customers.
What is the Target Market for Gold Current?
This account is targeted at the Upper LIPs and the Middle income Persons, Sole Proprietorship, Partnerships, Associations, Clubs, Churches, Schools, NGOs, Unincorporated societies/ enterprises
What is the Minimum Amount Required to Operate Gold Current?
N5,000
What is the Minimum Daily Balance Required?
Zero
What is the Penalty for Going Below the Minimum Daily Balance?
Currently, there is no penalty for going below the minimum balance
Is there a Maximum Monthly Turnover Allowed on this Account Type?
Currently, there is no maximum turnover.
Would I be Issued Cheque Leaflets to Operate the Account?
Yes and valid for clearing.
Can Customers Issue Draft on the Account?
Yes
Is there any Maximum Number of Withdrawals I can Make Per Month?
No maximum number of withdrawals.
What is the Current Interest Rate on this Account Type?
No interest.
Since this Account has the Features of a Current Account, Would I be Charged Cot on the Account for Cash Withdrawals?
No, COT is not charged on Gold current
What is the Current Interest Rate on this Account Type?
No interest
Would I be Charged for Account Maintenance? if Yes, how Much and what is the Frequency?
No maintenance fee.
Can I Make Cheque Deposits into the Account?
Yes. Other Bank's Cheques, as well as dividend warrants are allowed to be lodged into the account.
