| A List Of Frequently Asked Questions |
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Question # 1: What is the initial deposit for a savings account? |
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Answer: The minimum amount required is GH¢ 10 (¢100,000.00) for local cedi account (varies from different branches). HOME_LINK customers the initial deposit for all Cedi accounts is $500.00 or equivalent. |
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Question # 2: What is the initial deposit for foreign accounts? |
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Answer: The initial deposit for foreign currency accounts are $1000 or equivalent. |
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Question # 3: We are curious as to what the interest rate would be if we decided to save it in cedis. That is a 2-year Fixed Deposit account? |
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Answer: Our up-to-date interest rate for our various types of accounts can be found on our website.
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Question # 4: Please verify how often does fixed deposit accrue? |
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Answer: Interest accrual is daily but applied at the end of maturity date.
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Question # 5: Also kindly let me know if there is any way I can open dollar a/c whilst I am here in Kuwait? |
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Answer: Accounts application forms and requirements will be sent to you online for you to print it. Fill in your details, sign it, add photo etc. and mail it to us.
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Question # 6: I would like to know how I could transfer money from Kuwait to my account in Ghana. |
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Answer: Just instruct your bankers to transfer your money (swift) into ADB account with Citibank New York. The account number will be available upon request.
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Question # 7: Is it possible to operate my account through internet? |
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Answer: No, internet banking is on ADB's agenda that will make your request possible but not for now.
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Question # 8: I am in Israel and I want to open joint saving, Do you also need copies and photos from my wife? |
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Answer: Yes, as both of you are going to be signatories of the account we require the same information from both. |
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Question # 9: I want to know whether or not I may have these accounts kept in USD, rather than convert them into cedis? |
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Answer: Yes, you can certainly have an account in these currencies: USD, GBP, EURO and CFA. |
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Question # 10: Can my relatives withdraw funds from my account with my authorization? |
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Answer: Yes, they can withdraw funds from your account if you send us instruction to do so. |
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Question # 11: Apart from Western Union where can I transfer funds into my account in Ghana |
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Answer: You can contact us for an account number of any of our corresponding banks or if you live in a country or city where we don't have corresponding bank, you can instruct your bankers' to transfer funds via SWIFT (ADNTGHAC)into your account in Ghana by given your name and account number. |
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Question # 12: What is the difference between Forex and Foreign Accounts |
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Answer: 1. With Forex accounts we only accept cash deposit and you can withdraw cash without commission.
2. Foreign, we accept funds transfer and foreign cheques. Withdrawing foreign currency cash from an account attracts commission. No commission on cedi cash withdrawal. |
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Question # 13: If I am non-resident customer can I operate my account from any of your branches? |
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Answer: All of ADB non-resident customer accounts (HOME_LINK) are domiciled at Cedi House Branch. This is for easy monitoring and provision of efficient service. |
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Question # 14: I think I may start with fixed deposit so that the term interest is transferred into my savings a/c periodically. Can you please tell me the interest on fixed deposits and savings a/c? |
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First of all, you will have to open a SAVINGS account, then upon receipt of your initial deposit, you will then give us written instruction to debit your account with specify amount and invest it as fixed deposit.
However, when you're sending your application forms, you can also add a letter stating your full details and the amount you'd like us to use as FD and also you must state the number of days you want e.g. 91 days with or without rollover with interest. Our interest rates can be found at our website. |
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If Your Question Is Not Answered You May Click [ Here ] to Send Us Your Question or Comment. Thank You |
