Our current account is a standard transactional demand deposit account that allows customers to withdraw cash without notice and make deposits through a variety of financial instruments. It is available to all individuals and corporate organizations.

Features & Benefits

The account holder receives a personalized cheque within 48 hours upon opening the account.
Free monthly statements are sent to holders in addition to interim statements made on-demand.
Lodgements/Deposits into the account via cash, cheques or transfers.
Withdrawals can be made by ATM or at the counter via cheques.

A quick loan secured with cash. Customers can expect to enjoy the following benefits:

Features & Benefits

The cash security must be held with OmniBSIC Bank.
The amount granted must not exceed 90% of the hypothecated funds. Principal + Interest (for 30 days) + Fees should be less or equal to 90% of cash held.
Request up to GHS 1 million shall be approved within 48 hours.
The facility is available to current and potential customers of the Bank who have cash and/or investments in fixed deposits and seek to borrow against those funds/investments.
Tenure of up to 60 months.

We offer credit facilities that give customers immediate value to confirmed commercial bank instruments including bank cheques, bank drafts, bankers’ payment and other confirmed instruments in this class.

Features & Benefits

It is targeted at customers and potential customers presenting confirmed instruments from the Bank enlisted counterparties.
Tenure of the facility is linked to the maturity of the confirmed instrument but not exceeding 45 days.
Request up to GHS 1million shall be approved within 48 hours.
Tenure of the facility is the same as the value date of cheque/instrument but not exceeding 45 days.

Terms & Conditions

Cheques or bank instruments must be from an acceptable and approved counterparty.
OmniBSIC should be able to confirm the authenticity of the cheque or bank instrument.
The customer must execute an enforceable letter of indemnity for each cheque or instrument being discounted.
Cheques presented for discounting shall not be returned cheques being represented.
Refer to tariff guide for other charges, fees and commission payable.

It is the purchase of debt of existing/prospective customers by the Bank by acceptable and approved counterparties offered as a working capital release for up to 150 days.

Features & Benefits

Requests up to GHS 1million shall be approved within 48 hours by Management.
Tenure of the facility is up to 90 days; exceptional cases may have up to 150 days.
The invoice/certificate shall be discountable only if it is outstanding and has been fully accepted as good for payment within six (6) months from date of issue by a listed or acceptable counterparty.
The facility is available to suppliers of goods and services to pre-approved counterparties like top multinationals and corporates such as MTN, Vodafone, Tullow, Total, GOIL, Shell Vivo, Unilever and Nestle.
Maximum Tenure of the facility is 90 days. Extension granted shall be within 150 days from the certificate or invoice date.

Terms & Conditions

Certificate or invoice must be from an acceptable and approved counterparty.
The Bank should be able to confirm the authenticity of the invoice or certificate.
Invoice or certificate must be confirmed by business managers.
Certificate or invoice must be payable within 6 months from the date of issue.
There shall be an enforceable letter of undertaking or tripartite domiciliation agreement among the customer, Bank and counterparty.
Certificates or invoices from MMDAs/Public institutions must be backed by security of minimum 120% Open Market Value.
Cumulative arrears days of customers in the last 6 months must be less than 30 days.
Processing Fee of up to 2.5%

We offer structured working capital support for Small, Medium and Corporate Businesses who may require it.

Features & Benefits

Minimum of GHS 100,000.00.
Flexible repayment structure with tenure of up to 24 months for term loans for working capital.
Flexible repayment structure with tenure of up to 60 months for term loans for fixed asset acquisition.
Offer letter within 10-20 working days after receipt of all relevant documents.
Competitive interest rates.
Flexible credit structuring for monthly, quarterly, semi-annual repayment based on Risk Asset Acceptance Criteria (RAAC).

Terms & Conditions

Processing Fee of up to 3.5%
Default charge of 10% per annum on overdue balance of principal and interest.
Early repayment penalty of 0.25% of the balance outstanding.
Interest rate of GRR + up to 15%
Refer to the tariff guide for all other applicable charges.
Open a current account.
Completed credit application forms.
Board resolution to borrow if Limited Liability Company.
Bank statements (minimum 6 months).
Investment plan showing what and how the money will be used (we can support you to create one).
Financial statements for at least one year (audited statements for corporate clients).
Cash Flow statements (One year historical and minimum one year projected).
Proposed security/ collateral.
Valid business registration documents.

We also offer clients’ bid securities intended to give assurance that a selected bidder will sign a contract or otherwise forfeit their bid security. This type of guarantee is intended to deter bidders for a contract from withdrawing their bids before the end of the bid validity period due to forfeiture of the bid security amount.

Features & Benefits

Tenure based on underlying contract or agreement or offer.

Terms & Conditions

The customer must qualify per the Bank’s Risk Asset Acceptance Criteria.
Processing Fee of up to 3% or a flat fee of GHS 200.00 whichever is higher.
Prevailing Bank interest rate for term loan or overdraft will apply once the BG crystallizes and is paid by the Bank.
Acceptable collateral based on the Bank’s collateral standards must be provided.

We also use this platform to receive local currency transfers banks in the country based on customer requests.

Features & Benefits

Real-time payment platform monitored by the Bank of Ghana.
A convenient way of receiving funds from/or into any account.

Terms & Conditions

Must have a Current Account and Savings Account.
Must complete the necessary KYC, EKYC, EDD, etc. as may be required.