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Hibret Bank broker Accounts

  

Hibret Bank Account Type

  Hibret Bank offers various types of accounts tailored to meet the needs of its customers. The available account types include:

  • Special Saving Account:
    • Hiber Basic (Type A): Requires a minimum initial deposit of 50,000 birr, allows up to 3 withdrawals per month to earn interest, and offers attractive interest rates calculated monthly.
    • Hiber Classic (Type B): Requires a minimum initial deposit of 100,001 birr, allows up to 4 withdrawals per month, and also provides attractive monthly interest rates.
    • Hiber Prime (Type C): Requires a minimum initial deposit of 200,001 birr, allows up to 4 withdrawals per month, and offers attractive interest rates calculated monthly.
    • Hiber Premium (Type D): Requires a minimum deposit of 400,001 birr, has negotiable interest rates, and imposes no limit on withdrawals.
    • Ordinary Saving Account:
      • Requires an initial deposit of 50 birr and allows access to funds on demand, with interest computed based on the minimum balance during the month.
      • Foreign Currency Account Service:
        • Designed for individuals and organizations wishing to maintain accounts in major currencies such as USD, GBP, and Euro.

          

        Hibret Bank Broker Account Opening Process

          To open a brokerage account with Hibret Bank, follow these steps:

        •   Select the Account Type: Decide on the type of account you wish to open (e.g., Special Saving Account, Ordinary Saving Account, or Foreign Currency Account).

        •   Gather Required Documents: Prepare the necessary documents, which typically include:

          • Valid resident ID or passport.
          • Recent passport-sized photographs.
          • Additional documents may be required based on the account type (e.g., proof of income, business licenses for corporate accounts).
          •   Visit a Branch: Go to the nearest Hibret Bank branch to initiate the account opening process.

          •   Complete the Application Form: Fill out the account application form, specifying the account type and providing the required information.

          •   Deposit Initial Amount: Make the initial deposit required for the chosen account type.

          •   Receive Account Details: Once your application is processed, you will receive your account details, including account number and related information.

          •   For assistance, you can contact Hibret Bank at +251 114 655 222 during business hours.

Hibret Bank accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Hibret Bank Account