Current Account
Effortless banking with current accounts
Power Your Business – T Bank Current Account for Daily Transactions!
T Bank offers Current Accounts tailored for individuals and businesses that require frequent and high-volume transactions to support their daily operational needs.
A Current Account is ideal for managing day-to-day business activities and provides unrestricted access to funds. Unlike Savings Accounts, Current Accounts are not intended for saving purposes and therefore do not earn interest on deposits or balances.
Eligibility
- Individual Business Entities
- Sole Proprietorship
- Partnership
- Associations and Clubs
- Trust
- NGO
- Corporations
Key Features
- Designed for operational use with no transaction limits
- Suitable for businesses, firms, and professionals
- Also known as a Demand Deposit Account
Features
- Unrestricted amount of Deposit & Withdrawals.
- Can be linked for Internet, SMS Banking Services and TPay.
- Fund transfers through different mediums and loan installments can be processed through this account with standing instructions.
- Can avail the card facilities.
- The account can be operated singly, jointly with other individuals, either or survivor, anyone or survivor.
- The payments to creditors can be settled by issuing cheques and the payments received from the debtors can be deposited in the account for collection.
- The account can be opened with a minimum balance of Nu. 1,000.00 and nominal penalty is levied for violation of this clause. There is no restriction on the number and amount of deposits and withdrawals.
- As the account is designed for the business entrepreneurs and business entities for transacting unrestricted volume of transactions, no interest is paid thereon.
- The account holder can apply for the certificate of Creditworthiness based on the conduct of this account.
- The business accounts can be reconciled by use of their bank statements over a specific period of time.
- Individual Business Entities
- Sole Proprietorship
- Partnership
- Associations and Clubs
- Trust
- NGO
- Corporations
- Designed for operational use with no transaction limits
- Suitable for businesses, firms, and professionals
- Also known as a Demand Deposit Account
- Unrestricted amount of Deposit & Withdrawals.
- Can be linked for Internet, SMS Banking Services and TPay.
- Fund transfers through different mediums and loan installments can be processed through this account with standing instructions.
- Can avail the card facilities.
- The account can be operated singly, jointly with other individuals, either or survivor, anyone or survivor.
- The payments to creditors can be settled by issuing cheques and the payments received from the debtors can be deposited in the account for collection.
- The account can be opened with a minimum balance of Nu. 1,000.00 and nominal penalty is levied for violation of this clause. There is no restriction on the number and amount of deposits and withdrawals.
- As the account is designed for the business entrepreneurs and business entities for transacting unrestricted volume of transactions, no interest is paid thereon.
- The account holder can apply for the certificate of Creditworthiness based on the conduct of this account.
- The business accounts can be reconciled by use of their bank statements over a specific period of time.
