Individual Account

Banking anywhere and at any time you want.

Savings Account

This account is available to individuals 18-years and older and offers a secure and attractive method of saving funds at a competitive rate.

  • No minimum operating balance
  • No monthly charges
  • Mobile money wallet linkage
  • Electronic banking services such as Z-Prompt, E- statement and internet banking are available on this account including VISA, MasterCard and EazyPay ATM cards.
  1. Account opening form duly filled
  2. 2 passport-sized pictures,(name & signature on reverse)
  3. A valid national ID &Tin certificate (Passport/ Driver’s licence /Voter’s ID/NIA card/SSNIT card)
  4. Residence permit & non-citizen card (where applicable)
  5. Employer introductory letter (where applicable)
  6. Utility bill (not older than six months)
  7. Mandatory initial deposit
  • Ease of accessing cash
  • Competitive interest rate
  • No restriction on withdrawals
  • Free internet banking service and e-statement

Cheque and Save

This account is available to customers 18-years and older and offers a secure, attractive method of saving funds at a competitive rate, while at the same time allowing for immediate access to funds via our in-house cheque clearance system.

  • No minimum operating balance
  • Flexibility of third party cash withdrawals
  • Competitive interest rate
  • Mobile money wallet linkage
  • Electronic banking services such as Z-Prompt, E- statement and Internet banking are available on this account including VISA, MasterCard and EazyPay ATM cards.
  1. Account opening form duly filled
  2. 2 passport-sized pictures, (name & signature on reverse)
  3. A valid national ID &Tin certificate (Passport/ Driver’s licence /Voter’s ID/NIA card/SSNITcard)
  4. Residence permit & non-citizen card (where applicable)
  5. Employer introductory letter (where applicable)
  6. Utility bill (not older than six months)
  7. Mandatory initial deposit
  • Flexibility of third party cash withdrawals
  • Competitive interest rate
  • No restriction on withdrawals
  • Free internet banking service and e-statement

Current Account

A convenient and flexible medium to make and receive payments. The account can be opened in individual or joint names.

  • Access to cheque book
  • Electronic banking services such as Z-Prompt and internet banking are available on this account including VISA, MasterCard and EazyPay ATM cards.
  • Current/Call account sweep facility.
  • Mobile money wallet linkage
  1. Account opening form duly filled
  2. 2 passport-sized pictures, (name & signature on reverse)
  3. A valid national ID &Tin certificate (Passport/ Driver’s licence /Voter’s ID/NIA card/SSNIT card)
  4. Residence permit & non-citizen card (where applicable)
  5. Employer introductory letter (where applicable)
  6. Utility bill (not older than six months)
  7. Mandatory initial deposit
  • Cheque book issuance
  • Ease of making payments to third parties
  • Current/Call account sweep facility
  • Mobile money wallet linkage
  • Free internet banking service and e-statement

UCB Children’s Account (UCBCA)

A savings account to nurture savings behavior in minors up to the age of 17 and provides guardians with a financial management tool.

  • No minimum operating balance
  • No monthly charges
  • Mobile money wallet linkage
  • Electronic banking services such as Z-Prompt, E- statement and internet banking are available on this account including VISA, MasterCard and EazyPay ATM cards.
  1. Account opening form duly filled
  2. 2 passport-sized pictures,(name & signature on reverse)
  3. A valid national ID &Tin certificate (Passport/ Driver’s licence /Voter’s ID/NIA card/SSNIT card)
  4. Residence permit & non-citizen card (where applicable)
  5. Employer introductory letter (where applicable)
  6. Utility bill (not older than six months)
  7. Mandatory initial deposit
  • Ease of accessing cash
  • Competitive interest rate
  • No restriction on withdrawals
  • Free internet banking service and e-statement

Foreign Exchange Account (FEA)

Foreign exchange current account  facilitates smooth business transactions in the major trading currencies.

  • Allows customers the flexibility to transact business in foreign currency.
  • Eliminates the need to carry large amount of cash.
  • A secure depository for foreign currency.
  • Cheque book issuance for easier payments.
  • Enhances easy payments for purchases of goods and services.
  • Allows funding from different sources – transfers (onshore, offshore) cash or cheques.
  • Available in USD, EURO, GBP.
  • Electronic banking services such as Z-Prompt, E- statement and Internet banking are available on this account.

Foreign Currency Account (FCA)

Foreign currency accounts are available to clients who regularly receive remittances from offshore sources. Funding for this account is restricted to offshore remittances and offshore cheques.

  • Allows customers the flexibility to transact business in foreign currency.
  • A secure depository for foreign currency.
  • Cheque book issuance for easier payments.
  • Enhances easy payments for purchases of goods and services.
  • Available in USD, EURO, GBP.
  • Funds can be withdrawn or transferred offshore without restrictions

Investment (Treasury) products

Below are the various investment products we have for our customers:

This is an investment for an indefinite period, which may be withdrawn on demand.

Features:

  • Competitive interest rates.
  • Daily interest accrual.
  • Guaranteed liquidity of investment.
  • Very flexible and accessible money market product.
  • Tiered interest rates according to deposit amounts and call tenor.
  • Call/Current account sweep facility.

An investment vehicle where funds or deposits are locked in for a specific fixed period at a fixed interest rate.

Features:

  • Interest is paid upon maturity of the investment.
  • Competitive interest rates.
  • Tenors of 30 days, 91 days, 182 days, 1 year and 2 years are available.
  • Funds may be rolled over upon request.

Treasury bills (T-bills) are government-backed securities issued by Bank of Ghana usually with maturity periods of 91 days, 182 days or a year. T-bills for longer periods (1 year Treasury note, the 2 year Treasury bond, and the 3 year Treasury bond) are also available. Treasury bills are made available at all the branches of Universal Commercial Bank.

Features:

  • Roll over only the principal amount and receive accrued interest.
  • Roll over both the principal and the accrued interest.
  • Can be re discounted at the bank

 Requirements:

  • Application form to be filled in at the Bank’s  Customer Services Unit (CSU) , alternatively

Benefits:

  • Tenor varies depending on type of security:
  • BOG Bills- for periods below 1 year
  • BOG Notes-for 1 and two year papers
  • BOG Bonds-for periods above 2 years
    Repayment is guaranteed by the Sovereign backing of the Government of Ghana.

Universal Commercial Bank provides timely updates and investment advice to enable you to effectively manage your portfolio.

Securities Backed Investment (SBI) is a repurchase transaction whereby a party (SBI Seller) sells securities at an agreed price to the other party (SBI Buyer) with the promise to buy back the securities on a specified future date (coupon payment date) and at an agreed price.

Features

  • Minimum transaction value is GHS10,000.00.
  • The SBI transaction has a fixed maturity date (next coupon payment date). The tenor of the investment will therefore be from settlement date to fixed coupon/maturity date.
  • Various tenors available.
  • Principal and interest/coupon is paid at coupon payment/maturity date.
  • Competitive interest rates/yields.
  • Funds may be rolled over upon request.

Contact Us

Universal Commercial Bank Direct Customer Contact Centre
Tel: (+233) 54 691 9051
  Email: [email protected]