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Saving Accounts

Individual Business Savings Account

This is a savings account for Small and Medium Enterprises owned by an individual. The account is opened in the name of the business.

Features
  • Customer can access funds from any NBS Bank Service Centre
  • It has lower monthly management fees and therefore cheap to manage
  • It earns interest
  • Minimum account balance MWK10,000

Account opening requirements: Business Registration certificate and ID documents – Valid passport or driving license. Proof of residence: Latest water bill or Electricity bill


Small and Medium Enterprise Savings Account

This is a Savings account for Small and Medium Enterprise customers. It can be used for business transactions or saving money to reinvest in the business. This can be opened for both Sole Proprietors and partnerships.

Features
  • Customers can access funds from any NBS Bank Service Centre
  • It is cheap to manage
  • It earns interest
  • Minimum account balance MWK5,000

Account opening requirements:     

Sole Proprietors: Business Registration certificate and   ID documents – Valid passport or driving license. Proof of residence: Latest water bill or Electricity bill

Partnerships: Partnership Deed and Registration certificate. ID documents – Valid Passport or Driving license. Proof of Address: Latest Water bill or Electricity bill. Letter from Partners approving the persons concerned to open and operate the account.

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