Access Bank launches community account
Access Bank Botswana, the BSE- listed bank has announced the launch of a first of its kind Communi
ty Account. The account is specially designed to cater to registered nongovernmental and non- profit organisations operating in Botswana to help them better manage their finances, and most importantly, safeguard their money. The recent launch event was well attended, with leaders from some of Botswana’s top non- government and non- profit organisations - reflecting Access Bank’s commitment to providing innovative solutions for the communities it serves. Commenting on the new account, Access Bank Head of Wholesale Banking, Pauline Motswagae said, “We are thrilled to offer this specialised account as it is testament to our concerted efforts in uplifting and supporting our communities. The development of the offering in the Botswana market was driven by a need for an affordable, simple bank account with no added fees. The Community Account allows us to tap into a new market that was previously underserved and we look forward to the access that this bank account will provide these organisations.”
The Community Account is a complete transactional account that allows clients to perform banking activities such as mobile and internet banking as well as make deposits and POS payments. Clients have access to a full suite of solutions to fulfil their banking needs without any monthly fees. In addition, the organisations can make cash deposits at no cost whilst receiving a 50percent discount on POS set up fees, rental charges and a POS merchant commission. Further to the functionality, the Community Account offers account holders access to the Women in Banking programmes and services, provision for Youth Banking services, insurance solutions, competitive fixed deposit rates and the option to open an interest- earning Call Account. These initiatives position Access Bank as a true partner that is prepared to help organisations get the full advantage they need to grow.
“At Access Bank, we understand and appreciate that NGOs and NPOs continuously face many challenges, and we wanted to help them lift the burden off their shoulders by offering a tailormade, exceptional banking solution that makes transacting accessible, simple and affordable. The Community Account forms part of our newly stated growth strategy and we are excited to bring such a compelling product to the market. Since the launch, we have received overwhelming support and feedback and look forward to working together with our new customers from this chosen market segment”, added Motswagae.