Awash Bank offers a unique bouquet of innovative products and services that help individuals manage their finances now and in the future. Awash Bank offers its Private banking customers distinct personalized financial services that allow them bank with utmost convenience and exclusivity.
What is it?
As competition has intensified, and a wide array of new technologies has entered the market, the range of services that fall under the umbrella banking service has also grown and customized beyond the traditional trend.
Personal Banking refers to a wealth of services available to individuals from financial institution. It is a type of banking service and product line offered by banks to retail customers, that is consumers rather than businesses, intermediaries and institutions. Banks offer personal banking products that typically include savings and transaction facilities such as a bank transaction account, debit cards/EFT, an interest bearing floating account (savings account) and a fixed interest deposit account for a specific agreed period (certificates of deposit / term deposit) which can vary according to the bank. In addition it also includes debt facilities such as loans, mortgages and credit cards.
Customer Segments
| General Mass | Mass individual customers not segmented as children, youth, women or seniors. |
| Children | It is setup by an adult for children under 18 years. |
| Youth/Student | Aimed at school leavers going into further education. |
| Women | Women of all age and income category. |
| Seniors | 60 Years old adults. |
| Mass affluent | Others not classified under HNI or Diaspora segment having:-
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| HNI/UHNI |
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Offerings
| Saving Account | |
| Ordinary saving account | |
| Â Special Saving Account | |
| Special Deposits |
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| Fixed Time Deposits | |
| ECX | |
| Issue CPO, Draft | |
| Local Transfer | |
| Non-Resident Birr & Foreign Currency accounts | Non-Resident Foreign Currency a/c (NR-FCY a/c Non-Resident transferable Birr a/c (NR-T Birr a/c), Non-Resident Non-Transferable Birr a/c (NR-NT Birr a/c), Non-Resident Accounts for Ethiopian Diaspora |
| Credit Services | Term Loan
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| Card Banking |
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| International Banking Services |
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| Safe deposit box services | At areas where we have buildings |
| Interest free banking |
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| Digital Channel |
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Ways to Bank
- Dedicated personnel to support every individual customers at branches
- Relationship Manager, responsible for providing counsel to customers and streamlining processes to ensure ease of banking
- 24/7 access through online and mobile banking platforms
- Better user tools on digital services. They want to make digital banking easier and personal and they need optimum security levels
- Banking through POS
