GSE Trading Results - Nov 20, 2017
Stock: AADS - 0.48 0 Vol. Traded: 0
Stock: ACCESS - 4 0.43 Vol. Traded: 100
Stock: ACI - 0.01 0 Vol. Traded: 0
Stock: ADB - 5.28 0.48 Vol. Traded: 30000
Stock: AGA - 37 0 Vol. Traded: 0
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Stock: PBC - 0.06 0 Vol. Traded: 600
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Stock: UNIL - 12.66 0 Vol. Traded: 1700
Tools
Nov 24
Frequently Asked Questions (FAQs) DCGA Print E-mail
Wednesday, 06 September 2017 15:48

1. What is Databank Church Growth Account?

Databank Church Growth Account (DCGA) is an investment product tailor-made to help churches invest toward a particular church project such as church renovation, maintenance fund, mission’s fund, etc.

2. Why should I invest in Databank Church Growth Account?

In addition to assisting you invest in your church growth, DCGA comes with a unique membership package. This package gives churches the opportunity to enjoy the following benefits:

Free SME clinic for church leadership

  • We will offer free training on bookkeeping, budgeting, financial management practice, choosing the right investments, etc.

Free health screening for all church members

  • Free health screening  for members in the church will be done once a year

Free investment seminars

  • We will organize investment seminars for the church twice every year

Provident Fund for the ministerial and regular church staff

  • We will assist the church to establish a Provident Fund for the ministerial and regular staff that would help them in their preparations towards a secure retirement.

3. What’s the minimum investment amount the church can start with?

The minimum initial investment you can start with is GHC 500. To grow your money significantly, it is best to follow a consistent investment plan. The required minimum monthly contribution is GHC 100.00.

4. Are there any other fees the church has to pay when the account is opened?

No. There are no extra fees to be paid apart from the initial deposit. However, there is a 1% front load fee on all deposit.

5. Can the church access the funds in the account anytime?

Yes. While you can access your funds at any time, the recommended holding period is  2 years before any withdrawals can be done This is to ensure the church realize potential on the investments.

6. What is the minimum recommended holding period for investing in the fund?

The minimum recommended holding period for your DSIA investment is 3 years.

7. How is the money going to be invested?

All funds deposited under the DCGA will automatically be invested in MFund unless you indicate otherwise. To learn more about MFund, please read the scheme particular which is available at www.databankgroup.com

8. What requirements do I need to open a Databank Church Growth Account?

To open a Databank Church Growth account, you will be required to provide the following:

-   A valid national ID card of signatories ( must be at least two signatories)

-   A completed group account opening form (available at any of our branches and partner locations)

-   2 passport sized pictures of signatories

-   A copy of the church utility bill

-   Minimum initial investment

-   A letter of Resolution

9. Can individual church members invest in this product?

No. This product is for ONLY the church as a body. However, individual church members can invest in any of Databank mutual funds.

10. Can I make deposits into this account through other banks?

Yes. You can top up your account at any of the following partner banks

-    Access Bank

-    Barclays Bank

-    GT Bank

-    Standard Chartered bank

-    Zenith Bank

You can also deposit money through our mobile money and online services. Please select MFund on the deposit slip.