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 Point Of Service (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 50% discount on POS setup 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. Speaking at the launch, Access Bank Head of Wholesale Banking Pauline Motswagae said 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 account was created to help manage finances efficiently and most importantly safeguard the money. “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.
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 tailor-made, exceptional banking solution that makes transacting accessible, simple and affordable,” she said.
The Community Account forms part of Access Bank’s newly stated growth strategy. According to Motswagae, they have received overwhelming support and feedback and the bank is already engaging prospective clients to explore various partnerships with some of Botswana's highly esteemed non-government and non-profit organisations.
