All In One Account
Key Facts
This is a Current Account, which attracts a flat monthly single fee to cover your day to day banking transactions and offers embedded funeral Insurance.Product features include free salary credit, 10 ATM withdrawals, 25 leaflet cheque book, unlimited interim statement printing, free Visa Electron Debit card, 1 free external standing order, Free Telephone Banking.The funeral insurance cover, embedded in this account provides cash benefit payable on the death of the accountholder, their spouse, parents and parents-in-law, all together up to 6 people.
What is the All in One Account?
It is a current account that offers a bundle of banking transactions and services for a flat monthly fee and also provides funeral insurance benefits.
What is unique about the All in One Account?
It attracts a flat monthly fee of $10 US Dollars for the following bundle of transactions and services:
Free Salary Credit
Free ATM Transactions
One (1) Cheque book upon account opening
One (1) External Standing order
Free Internet banking
Commission on Turnover
Free SMS Alert
Free eStatement
Unlimited Free POS usage
Unlimited (internal) domestic money transfer
All other cheque book requests will attract a charge.
What Insurance Package does the All in One Account Offer?
The insurance package is an embedded funeral Insurance cover aimed at providing prompt cash pay-out to the account holder or his/her trustee to cover funeral expenses in the event of the death of the account holder, their spouse, parents or parents-in-law. This means an account holder receives an automatic insurance cover if they are within the age limits.
| Product | Life insurance embedded | Beneficiaries | Individual benefit | Capital sum assured |
| All in One | Funeral Finance | Account Holder, spouse, parents and parents in law (all together 6 people) | $300 US Dollars | $1800 US Dollars |
Where can customers get the All in One Account?
The All-In-One current account can be opened at all Branches
What are the benefits of All in One Account?
The flat monthly fee is predictable and, therefore, enables customers to budget better.
It is cost effective, in that, customers can save each month by paying a flat monthly fee of $10 US Dollars to cover the bundled transactions
The account offers a discount on fees, a free ATM card and a free cheque book
The account offers $300 US Dollars cash payout as funeral insurance cover for each of the following:
The account holder,
His/her spouse,
His/her parents,
His/her parents-in-law.
The account assures prompt claims payment on the funeral insurance cover.
How does one become an All in One Account holder?
Existing customers may simply request that their accounts should be migrated to the All-in-One current account.
New customers will simply be assisted to open the All-In-One account by going through the normal account opening process
Are there age limits?
To open an All-In-One current account, the customer should be 18 years and above.
To benefit from the embedded funeral insurance, the beneficiaries should not have exceeded the following ages at the time of the commencement of the Plan:
Account Holder and Spouse: 59yrs
Parents & Parents - in - law: 74yrs