According to figures from the bank of Ghana as at December, 2014 three particular banks in the country will require no money from you as initial deposit in order to open an individual dollar account for you.
[contextly_sidebar id=”yW76s2Pt9B4CwyrDjo35VIhlEZlICsFj”]They are United bank of Africa (UBA), Guaranty Trust (GT) and First Atlantic Bank.
Another bank that will virtually require no money from you before it opens a dollar account for you is Royal bank.
With as little as one dollar as a deposit you can open a dollar account with that bank.
Sahel Sahara bank comes in next, Sahel Sahara bank will require that you deposit at least 20 dollars if you want to open a dollar account with them.
While Cal bank will require 50 dollars to open an individual dollar account for you.
From 50 dollars we move to the 100 dollars zone, which is a common figure most banks require to open a dollar account.
Banks such as Fidelity bank, Prudential bank, ADB, Access bank, Standard Charted bank and Ecobank all require you have at least 100 dollars as deposit before they open a dollar account for you.
While the likes of bank of Baroda, GCB and Universal Merchant Bank (UMB) while require at least 200 dollars.
Societe Generale and National Investment Bank (NIB) require 300 dollars as deposit to open a dollar account for you.
But perhaps the most common figure most banks now require as deposit to open a dollar account for you is as much as 500 dollars.
Over 8 banks in the country will only open a dollar account for you if you can dish out 500 dollars as an initial deposit.
They are First Bank of Nigeria (FBN), Stanbic bank, Zenith bank, Bank of Africa (BOA), Energy bank, UT bank, Unibank, HFC bank and First Capital Plus bank.
Think 500 dollars is on the high side well, not quite, because according to the figures from the Bank of Ghana, you will need a thousand dollars as initial deposit to open a dollar account with Barclays Bank.
By: Vivian Kai Mensah/citifmonline.com/Ghana