This is a Current Account, which attracts a flat monthly single fee to cover your day to day banking transactions and offers embedded retrenchment, funeral and hospital cash back insurance. Product features include free salary credit, 25 leaflet cheque book, unlimited interim statement printing, free Visa Debit card, 1 free external standing order.
What is unique about the Ultimate Account?
It attracts a flat monthly fee for the following bundle of transactions and services:
Free International Visa Debit Card
Free e-banking services – SMS alerts, eStatement, Internet banking, Mobile banking, Tablet & Smartphone Banking
One free external standing order
One free salary processing per month
Free 25 leaflets cheque book
Free retrenchment cover which pays 3X your monthly salary if retrenched up to GHs10,000
Funeral Insurance plan up to GHs1,800
Covers funeral expenses of up to 5 family members in addition to the account holder – Spouse, Parents and parent In–Laws
Accidental Hospital Cash Back cover of up to GHs10,800 - A daily cash payout of GHs60 per day up to GHS10,800 anytime the customer goes on admission
Travel Insurance embedded on the International debit card – offering many benefits including Medical & Repatriation Expense cover up to GHs300,000
What Insurance Package does the Ultimate Account Offer?
Retrenchment insurance cover of three times your monthly salary up to a cap of GHS 10,000*
Funeral insurance cover of up to GHS 1,800 covering funeral expenses of up to five family members including the account holder: spouse, parents and parent-in-laws
Hospital Cash Back cover of up to GHS 10,800 with a cash pay-out of GHS 60 per day anytime you are admitted as a result of an accident**
Travel insurance embedded in the International debit card offering many benefits including medical and repatriation expenses cover of up to GHS 300,000
Where can customers get the Ultimate Account?
The Ultimate account can be opened at all Branches.
What are the benefits of Ultimate Account?
The flat monthly fee is predictable and therefore, enables customers to budget better.
The account offers a discount on fees, a free debit card and a free cheque book
The account offers GH¢300 cash payout as funeral insurance cover for each of the following:
The account holder,
The account assures prompt claims payment on the funeral insurance cover.
How does one become an Ultimate Account holder?
Existing customers may simply request that their accounts should be migrated to the Ultimate Current Account.
New customers will simply be assisted to open the Ultimate Account by going through the simple steps of account opening - Complete an application form, attach a valid ID and proof of address or introducer form.
Are there age limits?
To open an Ultimate 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
To benefit from the embedded retrenchment insurance, the account holder should be 18 years and above and should receive monthly salary through the Ultimate Account
*Retrenchment claims must be filed within 90 days of retrenchment.
**Must have been admitted in the hospital for at least 3 days in order to qualify for the cash pay-out.