Current & Savings

  • INDIVIDUAL

Who can open an account with CalBank?

Anyone within the legal age limit (18+ years) and students in tertiary institution can open and operate an account with CalBank, provided all requirements are met. Parents/Guardians can open an account In-Trust-For (ITF) minors; these are individuals below the legal age of 18 years. Activities on this account type will be managed by the Parent/Guardian.

What do I need to open an account?

The basic requirements for account opening are;

  1. An identification; this includes one (1) passport sized picture and a valid National ID (acceptable options; Voter ID, National ID, Driver’s Licence and International Passport)
  2. Proof of address; completion of address verification form.

Applications are subject to status and internal checks.

  • CORPORATE

Who can open an account with CalBank?

Any legally registered company, enterprise or institution can open a CalBank account.

What do I need to open an account?

You will need proof of company registration. That is;

  1. Certificate of registration and form A (enterprise or sole proprietorship)
  2. Certificate of Incorporation, Certificate to Commence Business and Form 3 (Limited Liability Companies)
  • 3 years Audited Financial Statement or Letter of introduction from a Lawyer or Auditor

CalBank has an array of savings account. They include; CalBank KiddySave account, CalBank Students Account and CalBank FlexiSave account. There is also CalBank Premium Account which is a checking hybrid savings account. This account feature allows customers to draw cheque on the savings account and still earn interest.

You cannot open a zero balance account. An initial minimum deposit is required to open an account with CalBank.

CalBank FlexiSave – GHS10.00 | CalBank Students Account – GHS10.00 | CalBank KiddySave Account – GHS20.00 | CalBank Premium Account – GHS500.00

Interests earned on savings accounts are tiered. The more deposit you have in your account the higher the interest earned.

Locate any branch of CalBank (you can use the branch locator feature on CalBank Mobile App. The App can be downloaded from Google Playstore or Apple Store). Go with the required Official Valid Documents (OVD) – refer to Account Opening Requirement for Individuals and Businesses.

An account starts accruing interest from the first day account is created and money is deposited into the account.

Deposit earns daily simple interest on minimum balance on account. Daily interest earned is cumulated and added to the original deposit at month end. The interest is compounded on monthly basis and you earn interest on the interest.

CalBank has current account for individuals, SMEs (Enterprise and Sole proprietorship) and corporate business.

You cannot open a zero balance account. An initial minimum deposit is required to open an account with CalBank.

Individual – GHS10.00 | SME – GHS100.00 | Corporate – GHS250.00

Locate any branch of CalBank (you can use the branch locator feature on CalBank Mobile App. The App can be downloaded from Google Playstore or Apple Store). Go with the required Official Valid Documents (OVD) – refer to Account Opening Requirement for Individuals and Businesses.