BARCLAYS BANK OF BOTSWANA PART 1

We are starting a discussion on the financial institutions in Botswana. You need to be strategic when opening a bank account. Know the products offered by your bank and compare them with products offered  by other banks.

Let us start our discussion with the Barclays Bank of Botswana

Barclays Bank is Botswana's leading commercial bank that employs 1,247 people and have 43 branches and 115 ATMs throughout the country. It has been voted the Best Bank in Botswana for more than 3 years in a row by Euromoney and EMEA Finance.

Barclays makes a positive impact in communities and individuals. They believe that, as one of Botswana's oldest corporate citizens, they have a responsibility towards improving the quality of life of citizens.They take pride in the Barclays F. G Mogae scholarship fund, which is just one of the ways they touch the lives of the people around them.

History

Barclays opened its doors in Botswana in 1950 with the first branch in Lobatse. They expanded their network until 1975 when they became an incorporated company in Botswana. They are now publicly listed on the Botswana Stock Exchange.

First Barclays Bank buildings in Lobatse

 Products

Barclays offers various products specially customised for individual needs of its customers. Products range from motshelo account, kgomotso funeral plan, lekgolo saving account, hello money among others.

Barclays Motshelo Account

 

Many people belong to groups that save money to achieve a common goal. These groups save for all sorts of things:

• Burial societies
• Family events
• Christmas groceries
• Holidays
• Sunday soccer teams
• Birthday celebrations
• Even bigger projects and major purchases

If you belong to a savings group, the Barclays Motshelo Account is an ideal place to put your group’s money.

Here’s what the Barclays Motshelo Account gives you:

• It’s safe and secure
• You’ll get free funeral cover of P2,000 each for 10 nominated members
• There’s a free cheque book
• They send free SMS alert notifications so that you can track account activity
• They give an attractive interest rate for a better return on your savings
• Then interest is paid into the account monthly
• You can make free cash and cheque deposits
• Your members can put their money in by free standing orders
• You’ll need to put in an opening amount of P500

To open a Barclays Motshelo Account, you need to have at least three people in your group. Your two signatories should go to their local branch and take along:

• The opening balance of P500
• Their national ID Card or passport
• Address verification documents for signatories ( water/electricity/ phone bill)

Your group does not have to have a formal constitution.

Contact your nearest branch to find out how the Motshelo Account can help you.