CONSUMER BANKING
|
SAVINGS ACCOUNT PRODUCTS
|
GAF
|
NON – GAF
|
| Min. Opening Deposit |
GHS 50.00 |
GHS 50.00 |
| Min. Operating Balance |
GHS 50.00 |
GHS 50.00 |
| Min. Interest Balance |
GHS 50.00 |
GHS 50.00 |
| Service Fees |
Free |
Free |
| Min. withdrawal per Month |
n/a |
n/a |
CURRENT ACCOUNT PRODUCTS
|
GAF
|
NON – GAF
|
| Min. Opening Deposit |
GHS 30.00 |
GHS 50.00 |
| Min. Operating Balance |
NIL |
NIL |
| Monthly Maintenance Charge |
Free |
GHS 10.00 |
STUDENT ACOUNT
|
| Initial Deposit |
n/a |
GHS 20.00 |
| Min. Operating Balance |
– |
|
| Monthly Service Charge |
n/a |
GHS 2.00 |
SME / GAF UNITS BANKING
|
SME SAVINGS ACCOUNT
|
GAF
|
NON-GAF
|
| Min Opening Deposit |
GHS100.00 |
GHS200.00 |
| Min Operating Balance |
GHS100.00 |
GHS200.00 |
| Min Interest Balance |
GHS1000.00 |
GHS1000.00 |
| Withdrawal per Month |
n/a |
n/a |
SME CURRENT ACCOUNT
|
GAF
|
NON – GAF
|
| Min Opening Deposit |
GHS100.00 |
GHS200.00 |
| Monthly Maintenance Charge |
n/a |
GHS25.00 |
CORPORATE BANKING
|
CORPORATE SAVINGS ACCOUNT
|
GAF
|
NON – GAF
|
| Min Opening Deposit |
GHS200.00 |
GHS200.00 |
| Min Operating Balance |
GHS200.00 |
GHS200.00 |
| Min Interest Balance |
GHS1000.00 |
GHS1000.00 |
CORPORATE CURRENT ACCOUNT
|
GAF
|
NON – GAF
|
| Min Opening Deposit |
GHS100.00 |
GHS100.00 |
| Monthly Maintenance Charge |
n/a |
GHS50.00 |
CHEQUE BOOKS REQUISITION
|
GAF
|
NON – GAF
|
| Savings Withdrawal Book |
GHS 20.00 |
GHS 20.00 |
| Current Personal 25 Leaflets |
GHS 20.00 |
GHS 20.00 |
| Current Personal 50 Leaflets |
GHS 35.00 |
GHS 35.00 |
| SME/Corporate 50 Leaflets |
GHS 40.00 |
GHS 40.00 |
| Corporate 100 Leaflets |
n/a |
n/a |
| Over the Counter Cheque Leaflet (Current account) |
GHS 10.00 |
GHS 10.00 |
| Over the Counter Cheque Leaflet (Savings account) |
GHS 10.00 |
GHS 10.00 |
CHEQUES
|
GAF
|
NON – GAF
|
| Stop Cheque Leaflet |
GHS 10.00 |
GHS 10.00 |
| Stop Cheque Book |
GHS 20.00 |
GHS 20.00 |
| Processing fee on returned cheque(Normal) |
Free |
Free |
| Processing fee on returned cheque(Express) |
Free |
Free |
| Insufficient Funds (Refer to Drawer) |
10% of FV |
10% of FV |
| Other Technical Reasons (Wrong delivery etc) |
Free |
Free |
CHEQUE CLEARING
|
GAF
|
NON – GAF
|
| Normal Clearing |
Free |
Free |
| Express/Special Clearing |
GHS 30.00 |
GHS 30.00 |
STATEMENT REQUEST
|
GAF
|
NON – GAF
|
| Monthly e-Statement (via email) |
Free |
Free |
| Statement Request (Paper) |
GHS 3.00 per sheet |
GHS 5.00 per sheet |
| Statement for VISA application (Paper) |
GHS 5.00 per sheet |
GHS 10.00 per sheet |
EXTERNAL CORRESPONDENCE LETTERS
|
GAF
|
NON – GAF
|
| Auditors Report |
GHS 50 |
GHS 50 |
| Reference – Individual |
GHS 20 |
GHS 20 |
| Reference – Corporate |
GHS 40 |
GHS 40 |
| Introductory – Individual |
GHS 20 |
GHS 20 |
| Introductory – Corporate |
GHS 40 |
GHS 40 |
| Confirmation – Individual |
GHS 50 |
GHS 50 |
| Confirmation – Corporate |
GHS 100 |
GHS 100 |
| Clearance – Individual/Corporate (To Other Banks) |
GHS 20 |
GHS 20 |
| Clearance – Individual (To GAF – PF) |
Free |
Free |
| Voucher/ CCTV Footage Retrieval |
n/a |
n/a |
FUNDS TRANSFERS
|
GAF
|
NON – GAF
|
| Transfer across our network (SIS&L to SIS&L) |
Free |
Free |
| Transfer to Other Banks (ACH – Normal) |
GHS 5.00 |
GHS 5.00 |
| Transfer to Other Banks (ACH – Express) |
GHS 20.00 |
GHS 20.00 |
PAYMENT ORDERS / MANAGER’S CHEQUE
|
GAF
|
NON – GAF
|
| To High Schools |
GHS 5 |
GHS 5 |
| To Tertiary Institutions |
GHS 10 |
GHS 10 |
| SIS&L Customers |
GHS 10 |
GHS 10 |
| SIS&L Non – Customers |
GHS 20 |
GHS 20 |
SALARY PROCESSING (CHARGE TO BENEFICIARIES)
|
GAF
|
NON – GAF
|
| SIS&L to SIS&L |
Free |
Free |
| SIS&L to Other Banks |
GHS 5.00 per Beneficiary |
GHS 5.00 per Beneficiary |
| Pension |
Free |
Free |
| Direct Debit |
n/a |
n/a |
STANDING ORDERS
|
GAF
|
NON – GAF
|
| Internal Standing Order |
Free |
Free |
| External Standing Order |
GHS 5.00 |
GHS 5.00 |
| Insuffcient funds |
Free |
Free |
SAFE CUSTODY
|
GAF
|
NON – GAF
|
| Envelopes |
GHS 40.00 Per Quarter |
GHS 60.00 Per Quarter |
| Parcels |
GHS 100.00 Per Quarter |
GHS 120.00 Per Quarter |
| Boxes |
GHS 160.00 Per Quarter |
GHS 180.00 Per Quarter |
PERSONAL LOANS
|
GAF
|
NON – GAF
|
| Processing fee |
1% |
n/a |
| Facility/Commitment fee |
1% |
n/a |
| Management fee |
0.85% |
n/a |
| Monitoring fee |
|
|
| Insurance fee |
0.65% |
n/a |
| Top – Ups fee |
|
|
| Overdraft Processing fee |
GHS 50.00 |
n/a |
| Early Settlement fee (On Amount) |
Free |
n/a |
| Penal Rate (Late Payment) |
Free |
n/a |
| Default Rate |
|
|
E-PRODUCTS (E-BANKING)
|
| E-Bouquet: USSD, Internet Banking, SMS Alert, ATM Withdrawal |
GHS6.5 |
GHS6.5 |
| SMS Alert Banking |
n/a |
n/a |
ATM DEBIT CARD
|
GAF
|
NON – GAF
|
| Gh-Link Card Issuance fee |
GHS 20.00 |
GHS 20.00 |
| Replacement fee (stolen, lost,damage) |
GHS 25.00 |
GHS 25.00 |
| Renewal fee (Expired Cards) |
GHS 25.00 |
GHS 25.00 |
| Monthly Services fee |
n/a |
n/a |
| Monthly Card Maintenance fee |
n/a |
n/a |
| Monthly e-alert only (SMS/e-mails alert) |
n/a |
n/a |
| ATM Daily Limit |
GHS 5000.00 |
GHS 5000.00 |
| ATM Receipt fee (Optional) |
n/a |
n/a |
| PIN Re-Issue |
GHS 5.00 |
GHS 5.00 |
| Mini Statement Fee Other Bank’s ATM (Optional) |
n/a |
n/a |
| Mini Statement Fee on SIS&L ATM (Optional) |
n/a |
n/a |
ATM TRANSACTION FEES
|
GAF
|
NON – GAF
|
| SIS&L Card on SIS&L ATM (ON-US ATM) |
Free |
Free |
| SIS&L Card on Other Banks ATM (OFF-US ATM) |
GHS 3.00 |
GHS 3.00 |
| Other Banks Card on SIS&L ATM (ON-US ATM) |
GHS 5.00 |
GHS 5.00 |
| SIS&L Card on Other Banks POS (OFF-US POS) |
Free |
Free |
MOBILE BANKING
|
GAF
|
NON – GAF
|
| Registration/Subscription |
Free |
Free |
| Balance Enquiry |
Free |
Free |
| Airtime Topup |
Free |
Free |
| Funds Transfer (SIS&L to SIS&L) |
Free |
Free |
| Funds Transfer (SIS&L to Other Bank) |
1% Max GHS10.00 |
1% Max GHS10.00 |
Bill Payment
|
| School Fees |
Free |
Free |
| DSTV – Merchant charge |
Free |
Free |
| GoTv / Lite |
Free |
Free |
| MTN Postpaid |
Free |
Free |
| Vodafone Postpaid |
Free |
Free |
| Vodafone ADSL |
Free |
Free |
| Surfline |
Free |
Free |
| TV license |
Free |
Free |
Mobile Money (Bank to Wallet)
|
| MTN |
1% (Max.GHS 10.00) |
1% (Max.GHS 10.00) |
| AIRTEL-TIGO |
1% (Max.GHS 10.00) |
1% (Max.GHS 10.00) |
| VODAFONE |
1% (Max.GHS 10.00) |
1% (Max.GHS 10.00) |
| Daily transfer limit (Limit enhancement is available) |
GHS 5000.00 |
GHS 5000.00 |
Mobile Money ( Wallet to Bank) – Direct Telco Charge
|
| MTN |
Telco charge |
Telco charge |
| AIRTEL-TIGO |
Telco charge |
Telco charge |
| VODAFONE |
Telco charge |
Telco charge |
| PIN Change |
Free |
Free |
LIMITS ON MOBILE TRANSFER
|
GAF
|
NON – GAF
|
| – Transfer to other local banks |
GHS 5000.00 |
GHS 5000.00 |
| – Transfer to other SIS&L accounts |
GHS 10,000.00 |
GHS 10,000.00 |
| – Transfer to Own SIS&L account |
GHS 20,000.00 |
GHS 20,000.00 |
INVESTMENTS
|
GAF
|
NON – GAF
|
| Fixed Deposit |
Min. GHS1,000.00 |
Min. GHS1,000.00 |
| GOG Treasury Bill |
Min. GHS5,000.00 |
Min. GHS5,000.00 |
| Call Deposit |
Min. GHS50,000.00 |
Min. GHS50,000.00 |
FUNERAL COLLECTION
|
| Funeral Collection Charges |
GHS700 per Teller |
GHS700 per Teller |
