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Current Accounts

Medium Enterprise Current Account

A transactional Cheque account for Small and Medium Enterprises

Features
  • No minimum balance
  • Initial depositof MWK 20,000 which may be withdrawn
  • Customers can access funds from any NBS Service Centre
  • Interest is paid annually 

Account opening requirements:

Sole Proprietors: Business Registration certificate and ID documents such as Valid passport or driving license. Proof of residence: Latest water bill or Electricity bill

Partnerships: Partnership Deed and Registration certificate. ID documents such as Valid Passport or Driving license. Proof of Address: Latest Water bill or Electricity bill. Letter from Partners approving the persons concerned to open and operate the account.


Associations, Clubs,  NGOs  and Trust Current Account

A transactional Cheque account for Associations, Clubs and NGOs

Features
  • No minimum balance
  • Initial depositof MWK 20,000 which may be withdrawn
  • Customers can access funds from any NBS Service Centre
  • Interest is paid annually

Account opening requirements:

Clubs and Associations: letter of Introduction from community leaders (Pastor if it is a church group or chief if it is a community group), minutes of the meeting where the decision to open the account was made, constitution of the group, valid IDs for signatories – Passport, Driving license

NGOs: Certificate of Registration, Memorandum and Articles of Association/Constitution/Trust Deed, Details of Sponsor, Board resolution to open an account, Valid IDs for signatories - Passport, Driving license. 

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