Designed to enable clans, families, associations, clubs and societies to open and operate savings accounts to pool funds for shared goals.
Features:
Joint management by group members, competitive interest rates (2-10% annually), digital banking access, and flexible withdrawals.
Benefits:
Promotes collective financial discipline, supports group projects like community development or investments, and ensures secure fund storage with easy access.
Requirements:
Valid IDs for authorized signatories, proof of group registration (e.g., with Registrar General/District assembly), minimum deposit (e.g., GHC50.00), and a group agreement outlining contribution and withdrawal terms.
MARB offers tailored group accounts to enhance financial inclusion and empower community-driven initiatives.