Current Accounts

Corporate Current Account

A transactional cheque account for Corporate and Premium customers

Features

  • No minimum balance
  • Initial depositof MWK 25,000 which may be withdrawn
  • Interest is paid annually
  • Customers can access funds from any NBS Service Centre

Account opening requirements: Certificate of incorporation, Memorandum and Articles of Association, Board resolution to open an account, ID documents – Valid passports or driving license for signatories.

 

Savings Accounts

EazySweep Investment Account

An Investment account with a sweep facility that allows customers to save. The account is linked to a Current account. When balance in the current account reaches a certain maximum, the excess money is swept to the Investment account. When the balance in the current account is below a certain minimum, the shortfall is swept from the Investment account to the current account. The account targets Corporate and High Net-worth customers.              

Features         

  • Easy way to save money
  • It earns higher interest
  • Minimum account balanceis MWK500,000                                  

Account opening requirements: Valid passport or valid driver’s license or Malawi Electoral commission registration card with a letter from a recognized authority or a letter from an employer and employees ID. Proof of residence i.e water bill

Coronavirus (COVID-19) Update

NBS Bank plc would like to assure all customers that it has business continuity plans that are in place to ensure an appropriate response to any situation that can cause a distruption to the business, including the COVID-19 Outbreak.

 
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