The purpose of the HerMes Retail Overdraft Facility is to bridge occasional short falls in working capital for the business. Other benefits of the offering are:

• A dedicated relationship officer to handle all activities in relation to the facility
• Access to flexible terms and conditions
• Access to funds within the shortest possible time upon meeting the requirements of the Bank
• Access to competitive charges etc
• A tenure of 12 months
• An applicable arrangement & processing fee

• SME and Individual clients are eligible

• The business should operate a preferred business account with the Bank
• Submission of the current company registration documents from the Registrar General’s Department
• Submission of 6 to 12 months bank statement (if your company operates another account with a different bank)
• Submission of the last three years’ audited accounts (when ready) or submission of management accounts
• Submission of cash flow projections for the borrowing period. This normally applies to Limited Liability Companies

• No limit on number of transactions

• No monthly service charge

• Free monthly e-statements

• Competitive and tiered interest is paid based on account balance (minimum balance to earn interest is GHS200.00)

• Free sign on to CalNet, HerMes Online Services (HerMes App & *771#), HerMes E-Alerts.

• Access to E-Zwich Cards

• Students will also have the flexibility of converting the account to a liability product of choice after school

• All Tertiary Students from the age of 18years and above

• Must be enrolled in a tertiary or higher education institution

• Student ID Card or a copy of Student admission letter

• Initial deposit is GHS20.00

• Account can be opened instantly and operated without coming to the banking halls

• Multiple outlets to perform the needed transactions. (Online, HerMes Branches & all Visa and Gh-Link branded ATMs and POS)

• Easy access to funds via HerMes Payment Solutions; HerMes Mobile Banking (HerMes App & *771#), CalNet, Agent Banking, POS and ATM services