This account allows institutions dealing in non-profitable ventures such as churches, public schools and self-help groups to manage their funds efficiently.
Great Feature About This Account
Equitel has introduced an innovative “multiple approval” feature that eliminates the need for account signatories to physically meet to withdraw cash or co-sign cheques. The feature allows account holders to use their PINs as their account signatures. Through the “multiple approval” feature users first originate a request to withdraw cash on their Equitel menu. The request is then sent to other account signatories who in turn enter their individual PIN to approve the withdrawal request, making it easier for chamas and joint account holders to transact.
4 Reasons Why You Should Open This Account
This account requires no operating balance.
You will incur no charges while making withdrawals.
This account gives you access to customized loans.
This account has a multiple approval feature that ensures security of funds.
What you Require
Group Registration Certificate
Group’s Constitution (District Social Development officer (DSDO).
Minutes of the meeting where a resolution was passed to open an account with Equity Bank duly certified by the District Social Development officer (DSDO).
An introduction letter from the DSDO
Sign up Process
Visit your nearest Equity bank branch
Present the required documents and fill out the application form
The bank will then process your application and you can start banking with us.
For any further clarification, fill out the feedback form below and we will get back to you.
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