Frequently asked questions

Special Savings

Savings Account with an outstanding Bonus Interest Rate

If I want to recover all the money saved and then close my savings account, will there be an account closing charge?

No, there are no account closing charges for a special savings account.

If there is an urgent need for money, may I recover my savings?

As an exception, all savings can be withdrawn at any time

Savings plus

An account that lets you save safely and freely

Will there be a penalty in this case?

No, no penalty is applied on early withdrawal

What is the first deposit required?

It depends on the customer’s status, if he/she is a wage-earner, student, and so on.

Can a minor open a savings account?

Yes, the savings plus account is open to minors but with the authorization of the legal guardian

If there is an urgent need for money, may I recover my savings?

As an exception, all savings can be withdrawn at any time

When will the funds be available for minors?

At the age of 21, the child will be able to receive the amount saved.

Travel Savings

Savings Account with a reduced rate loan facility to finance your travel

What transactions are allowed to fund a travel savings account?

A travel savings account can be funded by a monthly transfer (minimum amount 10,000 MGA) or by a cash payment.

Can you make an early repayment if you apply for loan with the Travel Savings Account?

Yes, early repayment is allowed

Is it possible to open a travel savings account without having a BNI deposit account?

Yes, a travel savings account can be opened without having a deposit account.

How is interest paid on my travel savings account?

5% interest will be paid quarterly.