Unity Beta
The Business Empowerment and Thrift Account (BETA) is a product developed to empower small-scale business people through periodic savings targeted towards a specific business expansion plan or goal .
Target Market
Apprentices
Artisans
Petty traders
Other potential Savings Account operators who have their funds outside the banking system e.g. market women and men, low and medium income earners, rural and urban dwellers as well as students.
Product Features
2,000.00 Opening Balance.
Regular periodic deposit up to a targeted amount over a specific period (max period of 5yrs).
Interest Bearing.
Personal cheque and dividend warrant lodgment in the name of the account holder (Conditions Apply)
Only one withdrawal in a quarter
Product Benefits
Account can be used as collateral for loan
Minimum of 50,000 for three consecutive months provides an opportunity to win tools, materials for business expansion.
ATM card.
SMS alert (On request)
Dividend warrants payable to the account.
Product Requirements
Individual
a) Two passport Photographs.
b) Identification of the account holder in the form of a valid National ID Card, valid International passport or valid National Driving License.
c) Account opening forms duly completed.
d) Two duly completed signature cards.
e) Minimum account opening deposit (i.e. cash) as applicable.
f) In case of salary accounts, letter of introduction from the employer will be required in addition to the requirements above.
g) Receipts/evidence of payment of water rates, electricity bills or telephone bills, for the preceding 3 months
Clubs, Societies or Other Associations.es
a) Two Passport photographs of each of the signatories.
b) Identification of the signatories in the form of a valid National ID Card, valid International passport or valid National Driving License.
c) Account opening forms duly completed.
d) One duly completed signature cards.
e) A certified copy of the Rules/Bye Laws/Constitution of the Club/Society/Association will be obtained and kept with the Account Opening Form.
f) A certified copy of the Resolution of the governing body of the Club/Society/Association appointing UnityBank Plc as its bankers and laying down the mode of operation of the account (i.e. by Chairman and Secretary or Chairman and one Committee member) will be obtained and filed with the Account Opening Form.
g) A certified list of office bearers of the Club/Society/Association will be obtained and kept in the customers’ mandate file.
h) Receipts/evidence of payment of water rates, electricity bills or telephone bills for the preceding 3 months.
