Customer Accounts


    1. Saving Deposit Account

A saving account is an interest-bearing deposit, which can be opened with a minimum acceptable balance of Birr 25.00.

    1. Demand/ Current Account

A demand deposit account (current or chequing account) is a non-interest bear­ing account; the minimum amount of money required for individuals or in­dividual trade operators is Birr 250.00, while for PLCs & others Birr 500.00. The account is operated by cheque.

    1. Fixed - Time Deposit Account

It’s a deposit received for a certain pe­riod of time, it provides an attractive and higher interest rate. The minimum balance for a fixed-time deposit is Birr 25,000.00.

    1.  Special Saving Account (SSA) or Negotiable Order of Withdrawal (NOW) Account 

The minimum initial deposit for NOW account is Birr 1,000.00/ One Thousand Birr. An account having less than Birr 50,000.00/ Fifty Thousand Birr shall not bear any interest. To be eligible for interest, the frequency of withdrawals should be limited to 3/ three times per month. No passbook is required to operate SSA/ NOW account; instead a checkbook will be issued.

    1.  Provident Fund Account  

This account is opened for adminis­tration of provident funds accounts.

    1.  Zero Balance Account  

This account maintains a disburs­ing account at “ZERO” by transfer­ring funds from a saving account.

    1.  Foreign - Currency Accounts  

A foreign-currency account is an account in which the source of fund is overseas and can be maintained in hard currency or in Birr. Major types of foreign currency accounts,

  • Non-Resident Non-transferable,
  • Non-Resident Transferable,
  • Non-Resident Transferable Foreign-Currency,
  • Diaspora Accounts.

 




Latest News

Abay Bank Reached 156 Branches!
Abay Bank inaugurated its 156th Branch on November 11, 2017 in Oromia Special Zone - Alemgena town, ...Read More


Abay Bank Reached 155 Branches!
Abay Bank inaugurated its 155th Branch on November 03, 2017 in Addis Ababa, around Lebu Medhanealem, ...Read More


Abay Bank Inaugurated Mekanisa Abbo Branch!
Abay Bank, Mekanisa Abbo Branch, 154 Branches, Abay: The Trustworthy Bank! ...Read More


Upcoming Events