Current Account

Current Account / Ordinary Demand Deposit

Secure your tomorrow, today  

Saving with BoA allows you to be at the forefront of your needs every step of the way. 

It can be opened by all-natural and legal persons recognized by Ethiopian laws; Minors through parents or tutors; and interdicted persons through legal guardians.

Features

  • It is a non-interest bearing bank account usually operated by cheque
  • It can also be operated by using card, mobile and internet banking
  • It can be opened with a minimum balance of Birr 1,000 and Birr 2,000 for individual and business customers respectively
  • Penalty is charged if the minimum account balance is below Birr 500 and has no movement for more than six months
  • No restrictions on the number and amount of deposits and withdrawals as long as the account have sufficient balance

ECX Related Accounts

Trade through BoA 

Alter your trading accounts to BoA and see how it simplifies your trading activities and businesses.  

This account is for business owners who conduct trading activities in the Ethiopian Commodity Exchange (ECX). It is intended to facilitate the trading and it is opened by conventional payment operation. With this account

  • A.Member Pay-in
    • Used as payment guarantee to participate in the trading floor of ECX; 
    • The member is a legal owner but shall empower ECX for debit transaction 
    • It can only be debited by the Conventional Payment Unit as per the instruction of ECX. 
  • B. Member Pay-out
    • Used to receive payment from ECX trading 
    • The member/account holder has an exclusive rights on the account. 

  • C. Client Pay-in

    • It is an account maintained by members on behalf of their clients; and 
    • It can only be debited by the Conventional Payment Unit as per the instruction of the ECX. 

  • D. Client pay-out

    • An account maintained by members on behalf of their client; and 
    • The member/account holder has exclusive right on the account. 
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