Qard Current Account

The Current Account product, offered based on the contract of Qard, shall allow current account holders’ ready access to their money placed with the Bank.

  Product Features

  • Safe custody
  • The customer does not share any loss or profit with the Bank
  • Cheque book facility is available to provide ease of withdrawal
  • High Transaction Amounts
  • Free and limitless inter and intra-bank transfer of funds (only local) as per the Governing organ limit stated
  • Free monthly account statement
  • Individual account holders are entitled to debit card, Internet and mobile banking facility
  • Initial Deposit ETB 250 with no minimum or maximum deposit and withdrawal limit
  • Can be withdrawn in Cash, ATM, POS, Account to Account transfer, Debit Card, Standing instruction and internet and mobile transaction