Business Accounts


Business Basic

The initial deposit required to open this account is birr 5,000.

It is a non- interest bearing account with an average monthly minimum balance requirement of ETB 25,000. Customers will also have unlimited check writing privileges and access to our technology banking services like Internet, ATM, Mobile free f charge.

Business Advantage

Zemen Bank offers a special Business Advantage account that combines the features of a savings and checking account and allows you to keep most of your funds in a savings account (thus earning you interest) while ensuring payment on cheques presented against this combined account. Deposit interest rate on this account is 5.6% and requires an average daily balance requirement of ETB 100,000. There is a grace period of ten days to build up the balance to the required amount.

The initial deposit required to open this account is birr 5,000. It is a non-interest bearing account. We offer unlimited check writing privileges. There is an average monthly balance requirement of birr 100,000 or else a fee of birr 250 will apply.

Overdraft Protection

A customer who has a checking and a savings account has the option of using the savings account as an overdraft protection towards the checking account. If a customer writes a check off of his/her checking account and it has an insufficient funds then the money can be transferred from the savings account to cover the differences. The consent of the customer is required. The system has to accommodate this feature by linking all the accounts of that particular customer.

There will be a fee of birr 20 per transaction for the service. This feature has to be disclosed at the time of account opening.

Provident Fund Management (Coming Soon…)

24 Hour 7 Days Banking

At our bank we will be providing the alternate multi-channel banking services for our customer conveniences. All customers of the Bank will be provided with a free Corporate Debit card (upon request from the customer), Internet Banking, Mobile Banking and Doorstep Banking Services.