Business Current Accounts
PBL offers Current Accounts for the Ghana Cedi, US Dollar, Euro, and Pound Sterling.
Features/Benefits
- Convenient for frequent business transactions
- Low initial deposit
- May be used to access credit facilities after satisfactory operation
- The account holder can deposit or withdraw money any number of times
- May operate a connected Call Account which allows you to earn interest on funds that are not needed immediately
- Access to our suite of e-banking services
Current Accounts are offered to the following entities:
- Limited Liability Companies
- Sole Proprietorships/ Enterprises
- Societies/Clubs and Associations
- Partnerships
- Joint Entities
- Trustees
Requirements for Limited Liability Companies
- Complete an Account Opening Form
- Attach two (2) passport-sized photographs of each signatory to the account
- Provide a valid Ghana Card for each signatory to the account
- Submit proof of residence (e.g. utility bill, sketch to the residence, etc.) of each signatory to the account
- Submit Business Registration Documents (original/certified true copy)
- Board Resolution to open account signed by Chairman and Secretary (specimen letter available in-branch)
- Letter of introduction from auditors (specimen letter available in-branch)
- Application on company’s letterhead to open account signed by the managing director or authorized officers
- Specimen signatures of authorized signatories
- Company stamp/seal
- Complete Know Your Customer (KYC) Forms for the company and for each signatory to the account
Requirements for Sole Proprietorships/ Enterprises
- Complete an Account Opening Form
- Attach two (2) passport-sized photographs of each signatory to the account
- Provide a valid photo ID (Driver’s Licence, Biometric Passport, Voter ID or National ID card) of each signatory to the account
- Submit proof of residence (e.g. utility bill, sketch to the residence, etc.) of each signatory to the account
- Submit Business Registration Documents (original/certified true copy)
- Where a current account is being opened, an introductory letter would be required from any of the following:
- A Prudential Bank current account holder
- A reputable individual of good standing (i.e. senior public office holder, recognized professionals - lawyers, doctors, accountants, senior banking officials, reputable religious leaders) - subject to verification/confirmation by the Bank
- Specimen signature of the signatory
- Complete Know Your Customer (KYC) Forms for the enterprise and the signatory to the account
Requirements for Societies/Clubs and Associations
- Complete an Account Opening Form
- Attach two (2) passport-sized photographs of each signatory to the account
- Provide a valid Ghana Card for each signatory to the account
- Submit proof of residence (e.g. utility bill, sketch to the residence, etc.) of each signatory to the account
- Certificate of registration - (if any)
- Constitution/by-laws
- Resolution by the general body or members to open account signed by chairman and secretary
- Where a current account is being opened, an introductory letter would be required from any of the following:
- A Prudential Bank current account holder
- A reputable individual of good standing (i.e. senior public office holder, recognized professionals - lawyers, doctors, accountants, senior banking officials, reputable religious leaders) - subject to verification/confirmation by the Bank
- Complete “Know Your Customer (KYC)” Forms for the Association and for each signatory to the account
Requirements for Partnerships
- Complete an Account Opening Form
- Attach two (2) passport-sized photographs of each signatory to the account
- Provide a valid Ghana Card of each signatory to the account
- Submit proof of residence (e.g. utility bill, sketch to the residence, etc.) of each signatory to the account
- Submit Business Registration Documents (original/certified true copy)
- Letter of introduction from auditors (specimen letter available in-branch)
- Specimen signatures of authorized signatories
- Complete “Know Your Customer (KYC)” Forms for the partnership and for each signatory to the account
Requirements for Joint Entities
- Complete an Account Opening Form
- Attach two (2) passport-sized photographs of each signatory to the account
- Provide a valid Ghana Card for each signatory to the account
- A valid resident permit is required for the non-Ghanaian resident in Ghana (To be confirmed by the Bank)
- Submit proof of residence (e.g. utility bill, sketch to the residence, etc.) of each signatory to the account
- Where a current account is being opened, an introductory letter would be required from any of the following:
- A Prudential Bank current account holder
- Employers
- A reputable individual of good standing (i.e. senior public office holder, recognized professionals - lawyers, doctors, accountants, senior banking officials, reputable religious leaders) - subject to verification/confirmation by the Bank
- Complete a “Know Your Customer (KYC)” Form
Requirements for Trustees
- Complete an Account Opening Form
- Attach two (2) passport-sized photographs of each signatory to the account
- Provide a valid Ghana Card for each signatory to the account
- Submit proof of residence (e.g. utility bill, sketch to the residence, etc.) of each signatory to the account
- Where a current account is being opened, an introductory letter would be required from any of the following:
- A Prudential Bank current account holder
- A reputable individual of good standing (i.e. senior public office holder, recognized professionals - lawyers, doctors, accountants, senior banking officials, reputable religious leaders) - subject to verification/confirmation by the Bank
- Specimen signature of each signatory
- Complete “Know Your Customer (KYC)” Forms for each signatory to the account
Church Plus Accounts
The PBL Church Plus Accounts offers a variety of products and services tailored for Churches, Church employees and Congregation.
The PBL Church Plus Accounts provides the Church the avenue to operate various connected accounts to help meet goals and thereby serve the congregation better.
Available Accounts
The accounts which can be operated under The PBL Church Plus Accounts include:
- Church Administration Current Account-manage the administration of the church and its operations.
- Church Administration Savings Account- allows the Church the flexibility to save at its own pace.
- Project Account - enables the Church to build up funds for specific projects and also to apply for credit facilities to finance projects
- Sweep Facility (Call Account) - allows the Church to earn interest on funds not needed immediately and also make funds available for use when needed.
- Fixed Deposit – The Church may place excess funds on fixed deposit for periods up to one (1) year with a rollover option for principal and interest or principal only.
Available Services
- PBL M-Pay Platform (Mobile Money Merchant Solution) – Allows congregants to pay tithes, offerings, donations and pledges from their phones or mobile devices.
- PBL mobiWise Mobile Banking Service – Allows the Church to manage its everyday banking from any location via any smart device.
- PBL alertWise (Transaction Alert) Service - generates transaction notification messages whenever a specified transaction type occurs on the account.
- PBL netWise Internet Banking Service - a real-time solution that allows the church to access its accounts 24 hours a day, 7 days a week.
Other Benefits of the PBL Church Plus Accounts
- No Commission on Turnover (COT).
- Cash Collection Services
- Direct Debit services - The Church will have the option of setting up direct debit services for congregants who wish to pay tithes, pledges or donations direct from their accounts on a regular basis.
CHURCH EMPLOYEES PACKAGE
- The Package provides church employees including pastors with current and savings accounts through which their salaries can be paid.
- Account holders may also be eligible for consumer loans and limited mortgage loans on meeting the Bank’s credit application criteria.
Church Employee Loan
- PBL will provide church employees with loans to buy basic household items such as television sets, gas cookers, furniture, etc., pay educational bills, medical bills and to meet other urgent family commitments.
Facility Application Requirements For Church Employees
In addition to the Bank’s standard requirements for credit facility applications, the under-listed requirements will also need to be fulfilled:
- Church Employee Loan applicants must be employees of the Church;
- The Church shall guarantee repayment of credit facilities granted to their employees by the Bank;
- All applications for credit facilities shall be endorsed by authorized Church officials.
CHURCH CONGREGATION PACKAGE
PBL can also provide banking services for members of the congregation to meet individual banking needs or to support businesses.