Personal Current Account

PERSONAL CURRENT ACCOUNT

A personal current account is an account that lets you manage your day-to-day expenses and earnings in a secure and reliable manner.

Required documents to open a personal current account:

• 1. Two passport-sized photos with a white background.
• 2. Copy of signatory identity (e.g. passport, national ID, driver's license, etc.).
• 3. Proof of residence (e.g. utility bills, rent, receipt, work permit, etc.).
• 4. Risk rating.
  
• 5. Foreign Currency Account - Personal: A foreign currency account is an account opened by an individual for financial transactions, deposits, and withdrawals in foreign currencies like the US Dollar, Pound, and Euro.

We have found that we hold 60% to 70% of Nassit Pension accounts at SLCB. However, most customers tend to collect their pension without saving it. To encourage them to save, we want to tailor a product to meet their specific needs and retain them as customers. Any customer over 60 years old who saves money with us will be entitled to special facilities. This will also attract new customers to bank with us.

The Mi-Yon Seniors Account will offer cheque book facilities for current and savings accounts, a 50% reduction in COT for current accounts, a high-interest rate of 5% per month for savings accounts, and a dedicated teller. These features will make it easy for retired customers to decide to join our bank.

Features of Mi-Yon Seniors Account:

• 1. Initial deposit of NLE 50 for both current and savings accounts.
• 2. Must have a regular Nassit card or proof of ID card to verify age.
• 3. COT of 1.5% instead of 3%.
• 4. Interest rate of 8% per month for savings accounts and interest rate for current account.
• 5. Facility to open both savings and current accounts with cheque book.
• 6. Dedicated teller in the banking hall.

Benefits:

• 1. Other available bank services such as ATM Visa and mobile app.
• 2. Cheque book facilities for both accounts.
• 3. Possibility of receiving a VIP card if deposit exceeds Le 100mm.
• 4. Dedicated tellers to serve them.

Documentation required:

• 1. Account opening form.
• 2. ID card/NASSIT card.
• 3. Proof of address.
• 4. 2 passport pictures.

MI YONE FOREX ACCOUNT

The MI YONE Forex Account is a great option for individuals and businesses with cash dollars who want to deposit and withdraw without incurring charges. With an initial deposit and minimum balance of $/£/E100 for individual accounts and $250 for business accounts, this account offers a convenient and secure way to manage your foreign currency.

Some of the features of the MI YONE Forex Account include a foreign exchange withdrawal cheque book (at a cost of $/£/E10), free transfers between accounts within the same bank, and the ability to transfer into leones account using Mid-rate. Additionally, the account comes with other available bank services such as ATM, Visa, and mobile app access.

To open a MI YONE Forex Account, you'll need to provide documentation such as an account opening form, ID card/NASSIT card, signed terms and conditions, proof of address, and 2 passport pictures. With this account, you'll also have access to cheque book facilities and may even be eligible for a VIP card if you deposit more than Le 100mm. Note that this account does not accept cash inflows as it is strictly for cash dollars.

Features:

• 1. Initial deposit and minimum balance of $/£/E100 for individual and $250 for business accounts (same amount for Euros or Pounds).
• 2. Foreign exchange withdrawal cheque book available for a cost of $/£/E10 (same cost for Pounds and Euros).
• 3. Free transfer from account to account within the same bank.
• 4. Transfer into Leones account using Mid-rate.
• 5. Closure fee of £/$/E20.

Benefits:

• 1. Access to other bank services such as ATM, Visa, and mobile app.
• 2. Cheque book facilities for the account.
• 3. Possibility to receive VIP card if deposit is over Le 100mm.

Documentation:

• 1. Account opening form.
• 2. ID card/NASSIT card.
• 3. Signed terms and conditions.
• 4. Proof of address.
• 5. Two passport pictures.