Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
d) It can be operated by cash withdrawal slip, debit card, mobile and
internet banking; and
e) A minimum amount of birr 25 has to be maintained to keep the account
operating;
II.
III.
Women Saving Account
a) It can be opened individually, jointly and by associations formed by
women like Idir or Cooperatives having above 50% women members;
b) It can be opened with zero balance given that there is a reasonable source
of fund that bring the balance to the minimum amount of birr 25 within a
month;
c) It provides higher interest rate than ordinary saving account as indicated
in the bank’s term and tariff;
d) Account holders enjoy a discount on goods and services from the
suppliers, who have agreement with CBE;
e) The customer is responsible for selecting the brand, checking the
functioning and genuineness of the goods before receiving them from the
supplier. The Bank is not liable for any defect on the goods/services;
f) It can be operated by cash withdrawal slip, mobile banking, internet
banking and debit card designed for holders of women Saving Account;
and
g) Withdrawal of cash is allowed at any time in any amount of money.
Youth saving account
a) It is provided only for individuals or group of individuals in the ages of
18-24;
b) It can be opened with zero balance given that there is a reasonable source
of fund that bring the balance to the minimum amount of birr 25 within a
month;
h) It provides higher interest rate than ordinary saving account as indicated
CATS Procedure | 28