Features of CL/A

• Tired interest rate-the more you deposit, the more interest you earn. Interest is calculated daily and paid monthly.
• Customers can have cheque book
• Customers have the option to choose a daily, weekly, monthly or quarterly statement of accounts electronically
• Free advisory service
• Provision of guarantees in situation where the church would have to undertake projects and payments made at a later date.

Separate Acc for the ff:

• For the day to day financial activities
• Church collections account, monthly thanksgiving offerings account and Church harvest.
• Church welfare account
• Account Funds from financiers outside Ghana.
• Credit union accounts.

Requirements to Open CL/A

The Church must be legitimately registered.
The Church must be easily located. It must be constitutionally governed. It must have a well constituted committee. Minimum Opening Balance= GH¢5.00, Minimum Operating Balance = GH¢100.00

Benefits

• Weekly mobile cash collection service after Sunday’s service and any other major activity
• The accounts earn higher interest than that of savings
• The Church has access to an unsecured overdraft amount of 40% of the Church’s monthly credit turnover.
• The Clergy (Pastors), Church workers and individual members of the Church can access a loan under the guarantee of the Church and against the collection.
• Investing idle funds into high interest bearing products to earn higher interest for the church.
• No service charge