How to Open An Account With Zenith Bank Ghana

Maybe you have been wondering how to open an account with Zenith Bank Ghana. We have put together a complete guide on how to open savings, current and foreign exchange accounts with Zenith Bank Ghana.

Before you open an account, you need to know the specifics, benefits, and requirements for that account. On that note, we have put together the different types of account a customer can open at any Zenith Bank branch in Ghana.

Contents

Types of Zenith Bank Accounts

Below are the types of account which you can open with Zenith Bank Ghana.

Zenith Bank Savings Account

The Zenith Bank savings account is available to individuals that are 18 years and above. Individuals can make withdrawal three times a month from their savings account.

Features of Zenith Bank Savings Account:

Electronic banking services such as Z-Prompt and internet banking are available on this account including VISA, MasterCard and Eazypay ATM cards.
No monthly charges.
Eliminates the carrying of large amounts of cash.
Competitive interest rate.

Zenith Bank Current Account

The Zenith Bank current account can be opened in individual or joint names. The account offers a convenient and flexible medium to make and receive payments.

Features of Zenith Bank Current Account:

Cheque book issuance.
Electronic banking services such as Z-Prompt and internet banking are available on this account including VISA, MasterCard and EazyPay ATM cards.
Current/Call account sweep facility.

Requirements for Opening An Account With Zenith Bank

You are expected to provide the following documents at any branch of Zenith Bank Ghana.

Two passport-size pictures.
Proof of identification such as passport/voter’s identification card/driver’s license.
Proof of residential address such as a utility bill.
Letter of introduction from your current employer.
Residence/ Work Permit must be provided for Non-Ghanaian citizens.

Zenith Bank Foreign Exchange Account (USD, GBP, EUR)

The Zenith Bank foreign exchange is a type of current account that facilitates a smooth business transaction in the major trading currencies like US Dollars, British Pounds, and Euros.

Features of Zenith Bank Foreign Exchange Account

Allows customers the flexibility to transact business in foreign currency.
Eliminates the need to carry a large amount of cash.
A secure depository for foreign currency.
Cheque book issuance for easier payments.
Enhances easy payments for purchases of goods and services.
Allows funding from different sources – transfers (onshore, offshore) cash or cheques.
Available in USD, EURO, GBP.
Electronic banking services such as z-prompt and internet banking are available on this account.

Zenith Children’s Account (ZECA)

The Zenith Children’s account (ZECA) is a special type of savings account for children below 18 years of age.

Benefits of the Zenith Bank Children’s Account:

Savings may be held as security for loans to Guardians.
Encourages early savings behavior in minors.
Up to four children can apply on a single form.
Participation in outdoor events such as the Zenith Health Walk and children’s parties.
Branded gifts for accounts opened with more than GHS200 in deposit.

Requirements for Opening a Zenith Bank Children’s Account

Fill a ZECA account opening form.
Copy of birth certificate of the child/children.
Minimum initial deposit of GHS100.00 per child.
Minimum monthly deposit of GHS10.00 per child.
Means of identification such as – passport/driver’s license/voter identification card of parent/guardian who will operate the account on behalf of the child.
Proof of residential address such as a utility/water/phone bill.
Two passport size pictures each of applicant and guardian of the child/children.
Mandate card completed by parent/guardian.

Zenith Children’s Plus Account (ZECA PLUS)

The Zenith Children’s plus account is special savings account for children between age 0-17 years.

Benefits of the Zenith Children’s Plus Account:

Free internet banking.
Monthly e-statements.
Free standing order/bank drafts to pay school fees.
Participation in outdoor events such us the Zenith Health Walk and children’s parties.
Branded gifts for accounts opened with more than GHS500 in deposit.

Requirements for Opening a Zenith Children Plus Account

A ZECA Plus account opening form completed by parent/guardian.
Means of identification such as – passport/driver’s license/voter identification card of parent/guardian who will operate the account on behalf of the child.
Proof of residential address such as a utility/water/phone bill.
Two passport size pictures each of applicant and guardian of the child/children.
Mandate cards completed by parent/guardian.
Minimum initial deposit of GHS500.00 per child.
Minimum monthly deposit of GHS50.00 per child.
Withdrawals are limited to once every three months.

Zenith Bank Cheque and Save Account

The Zenith Bank Cheque and Save account are available to customer 18 years and above. The account offers a secure, attractive method of saving funds at a competitive rate, while at the same time allowing for immediate access to funds via our in-house cheque clearance system.

Features of the Zenith Bank Cheque and Save Account:

Attractive interest rates on deposits.
Ideal for infrequent users of traditional banking services.
Allows the flexibility of a third party cash withdrawal at any of our branches.

Zenith Bank Foreign Currency Account (FCA)

The Zenith Bank Foreign Currency Accounts are available to clients who regularly receive remittances from offshore sources. Funding of this account is restricted to offshore remittances and offshore cheques.

Features of the Zenith Bank Foreign Currency Account:

Allows customers the flexibility to transact business in foreign currency.
A secure depository for foreign currency.
Cheque book issuance for easier payments.
Enhances easy payments for purchases of goods and services.
Available in USD, EURO, GBP.
Funds can be withdrawn or transferred offshore without restrictions

Zenith Bank Fixed Deposits Account

The Zenith Bank fixed deposit account allows the lockdown of funds or deposits for a specific period at a fixed interest rate to the customer.

Features of the Zenith Bank Fixed Deposit Account:

Interest is paid upon maturity of the investment.
Competitive interest rates.
Tenors of 30 days, 91 days, 182 days, 1 year and 2 years are available.
Funds may be rolled over upon request.

Zenith Investment Savings Account (ZISA)

The Zenith Investment savings account is a special type of savings account that encourages individual to save for a specific purpose.

Features the Zenith Investment Savings Account:

Investment instrument to build up adequate financial resources for the purchase of Motor Vehicles, Landed properties or to start up private business.
Investment Advisory services would be provided.
Minimum initial deposit is GHS100.00 (individuals), minimum monthly deposit is GHS50.00.
Regular period fixed deposits to this accounts (a standing order).
The fixed amount (indicated above) must be deposited at a time set and agreed) after the establishment of the account. The amount could be increased anytime at the customer’s discretion.
A yield higher than the ordinary savings and Call Accounts (a benchmark rate plus a margin could be used on certain level of deposit).
Withdrawals are allowed after every 12 months (otherwise a penalty is charged).

Zenith Call Accounts

The Zenith call account is a special kind of investment account that can be withdrawn on demand by the customer.

Features of the Zenith Call Account:

Competitive interest rates.
Daily interest accrual.
Guaranteed liquidity of investment.
Very flexible and accessible money market product.
Tiered interest rates according to deposit amounts and call tenor.
Call/Current account sweep facility.