Gold Current Account

A Current Account (also known as cheque account) is a bank transactional account in which income can be deposited and finances can be managed during the month. It allows customers to make payment by cheque and to conduct transactions by debit card.

 

Qualifying Criteria

  • Salary range (P2,500.00 to P14,999.99)
  • Payslip and/or letter from employer confirming salary
  • Omang (Batswana)
  • Passport (non-citizens)
  • Work and residence permits (non-citizens)
  • Proof of residential address (e.g. Current utility bill, letter from the local chief and Council rates invoice not older than 3 months)
 
 
  • Easy access by VISA Debit Card
  • Convenience - Access to any BancABC branches and 24hr Zone.
  • 24/7 access to the ATM, Internet, POS
  • Up to date information - One free statement per month
  • Access to Insurance - Funeral Plan Cover (Optional)
  • Transactional fees
  • Flexible Transactional Fees (Option to choose Pay-as-You-Go or Bundle Fees)
  • Pre-approved Credit Card (limit based on credit criteria).
  • Take up of Lending products based on affordability.
  • Easy to reconcile account - one free monthly statement
  • Personalized relationship management

 

  • Gold branded  Cheque Book
  • Gold branded VISA Debit Card (with an attractive withdrawal limits)
  • Transact at any time
  • Additional debit card (with limit) for spouse
  • Standing orders instruction (within bank free, other banks charges) 
TRANSACTION / SERVICE SME Micro SME Small and Medium
Account Balance Requirements    
Opening Balance - minimum deposit P50.00 P500.00
Minimum Operating Balance - per month Nil P500.00
Monthly Management/Activity Fee P30.00 P57.75
Deposits    
Cash deposit @ branch counter 0.1% free up to P2000 0.1% free up to P2000
Cheque deposit @ branch counter - own bank cheque within clearing area Free Free
Cheque deposit @ branch counter - own bank cheque outside clearing area Free Free
Cheque deposit @ branch counter - Agent bank within clearing area Free Free
Cheque deposit @ branch counter - Agent bank outside clearing area Free Free
Withdrawals    
Cash withdrawal @ branch counter P11.20 P11.20
ATM    
Cash deposit @ ATM 0.1% free up to P2000 0.1% free up to P2000
Cash withdrawal @ ATM (BancABC ATM) P1.52 n/a
Cash withdrawal @ other bank Local ATM P3.05 n/a
Cash withdrawal @ banks internationally P12.20 n/a
POS transaction [in country] P1.12 n/a
POS transaction [international] P2.80 n/a
Card Replacement Fee P30.55 n/a
Additional Card P30.55 n/a
Balance enquiry on ATM (own ATM or Mini ATM) P0.50 n/a
Mini Statement @ BancABC ATM P1.12 P1.10
Payments    
Standing order/Debit order to customer's account in BancABC(This excludes Loan accounts) Free Free
Standing order/Debit order to 3rd party account in BancABC P5.60 P5.60
Standing order/Debit order to 3rd party account at other banks (locally) P8.95 P8.95
Inter-account transfer (Customer's own accounts) Free Free
Inter-account transfer (to 3rd party account in BancABC) P3.05 P3.05
Inter-account transfer (to 3rd party account at other banks) P15.20 P15.20
Referal Fees n/a P11.20
Stop payments n/a P56.00
RTGS Charges tba tba
Other fees    
Bank cheque issued# P33.60 P33.60
Unpaid cheques/RD cheques written (Non sufficient Funds) n/a P112.00
Other unpaid debits (Non Sufficient Funds) n/a P33.30
Post-dated cheque deposited n/a P22.40
Cheque book n/a P15.20
Deposit book Free Free
full Statement - at Statement printer on the Z4 hrs Zone) P1.10 P1.10
interim statement - over the counter P5.60 (per sheet) P5.60 (per sheet)
History/Additional statement at branch P5.60 P5.60
Closing of Account P30.55 P30.55
Certificate of balance    
Balance of account only P22.40 P22.40
Certificate covering interest paid P33.60 P33.60
Confirming Auditors list P22.40 P22.40
Fax charges    
Local P11.20 P11.20
Cross Border P11.20 P11.20
Penalty fee    
Encroachment rate n/a 20%
All pricing is 12%  VAT Inclusive    
 
 

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Market Update Last updated 20 May 2019
Botswana Domestic Companies Index 10465.870 (0.08) Botswana Foreign Companies Index 1570.240 (0.00) Banc ABC listed in Botswana 714.00 (0.00) BWP/USD 7.6151 (1.64) Botswana Prime Lending Rate N/A  Botswana Inflation Rate N/A