The Hibir Asrat Savings Account is designed to serve the Christian community seeking to fulfill their religious obligations. While it functions similarly to a regular savings account, it includes special features tailored to meet the unique needs of this segment, as depicted below.
Account Features and Benefits
- The minimum initial deposit required to open the account is Birr 25.00.
- Cash withdrawals from the Hibir Asrat Savings Account are allowed at any time and in any amount, just like a regular savings account.
- Customers can withdraw cash from ATM using Hibir Debit Card.
- The account can be operated digitally by Hibir Mobile and/or Hibir Online.
- A higher annual interest rate than that of the ordinary savings deposit will be applied to this account.
- The interest will be calculated using the specific Hibir Asrat Savings Accounts minimum monthly deposit balance during the month, and
- The interest rate can be waived for account holders who prefer not to earn interest. In such cases, the account will be designated as "Non-Interest Bearing" during the account opening process.
Eligibility Criteria
- Any Christian, or any person, legally capable of entering into a contract and meets the Bank's requirements is entitled to open and use Hibir Asrat Savings Account.
- The customer is required to hold any another type of account with our Bank prior to opening Hibir Asrat Savings Account; if no account has already been opened, a regular savings or any other type of account should be opened simultaneous to open Hibir Asrat Savings Account.
- Renewed ID card.
- Two recent photographs should be presented.
- The account can be opened with pass book or without pass book as per the customer's preference.
