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Deposit Products

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  • Initial depositof MWK 25,000 which may be withdrawn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.

 

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


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