mission-vision

Vision

To be the most successful financial institution in Malawi with a
visible presence in Southern Africa.

Mission Statement

To provide the best financial services in Malawi and the region, distinguished by outstanding service, product innovation and sustained earnings growth.

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Moneygram

This is an international money transfer service available at all National Bank of Malawi service centres.
  • The fast, safe way to send and receive money worldwide.
  • Secure, easy, reliable international money transfers
  • No need for bank account for receiving, however one needs an account in order to send     money
  • Complimentary 10-word message.

MoneyFast

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Current Account

Designed for both personal and corporate clients. The convenience of these accounts is that customers use cheques for payment of goods and services rather than carrying cash around whenever they go shopping.

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Fiesta Save Account

What is Fiesta Save Account?

Fiesta Save Account is a savings account that has been designed to encourage a savings culture among National Bank and non-National Bank customers.

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Fixed Term Deposit

If you want to invest funds that have no urgent use, you can open a Fixed Term Deposit account. This account has a higher fixed interest rate, than the other accounts, for a predetermined period usually of two, three, six, nine or twelve months duration. Minimum balance for this account is MK25, 000.
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Mlimi Account

Mlimi is an account that has been designed for all farmers. It is an account that will help farmers to receive/deposit agricultural produce proceeds and to save their money for future use. 

Benefits to the Farmer

  • The account will help farmers to understand the banking world while at the same time realize their financial dreams.
  • Farmers will be able to save part of their farm proceeds for future use.
  • In as far as clubs are concerned individual farmers will be able to open theirown accounts.
  • Yearly account statements will be availed to the customers.
  • Notification to customers on produce proceeds credited to their accounts will be via MO626 (SMS).
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Savings Account

A savings account is open to anyone: be it an adult, a minor, an organisation or a business enterprise. To open such an account you simply need to provide a specimen signature or if unable to sign, a thumbprint impression.

With the advent of the online system, a service centre may cash withdrawals for customers of other service centres; provided that the owner of the account presents the withdrawal slip, visa card, Valid ID and his/her specimen signature is available online for verification. Withdraws other than these may only be made at the service centre where the account is domiciled unless prior arrangements have been made by the customer to make cash withdrawals elsewhere.

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Short Term Deposit

The facility is available to qualifying corporates. The contracts accounts available are:
  • 7 Day call
  • 30 Day Call
The Bank expects seven (7) days or thirty (30) days notice depending on the type of account, prior to any withdrawal of funds. Should a withdrawal be made without notice, the customer is penalized on the interest, which could otherwise have accrued for seven days or thirty days, i.e. interest is forfeited. The minimum deposit required for these accounts is K50,000.
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Special Savers Account

This account is designed for both working individuals for receiving their salaries and ordinary customers. To open the account an employee needs to bring a letter from his/her employer with a valid ID. The account enables employees to save their money for future use. However, they have the option of drawing money as and when needed. Customers are issued with Visa card for drawing money through the ATMs and purchase of goods and services where Point Of Sale machines are provided.

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Student Save Account

Who is a Special Saver Account for?

This account is for students who are pursuing academic professions in various Universities and colleges or professional studies in various Institutions.
The account is converted to a normal savings account, special saver account or current account depending on the customer’s choice once he/she starts working after completing studies.

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Consumer Loans

Facility/Product and Purpose

  • Term Loan.
  • For  any legally accepted purposes.

Target Market

Salaried Account holders resident in Malawi including:

  • Non-Resident Malawians with Foreign Currency Denominated Accounts.
  • Foreign Nationals with Permanent Residence.
  • Professionals paid share of the firm's earnings monthly.
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Employer Guaranteed Loans

Facility/Product and Purpose

  • Term Loan.
  • For any legally accepted purposes.

Target Market

Salaried Account holders resident in Malawi including:

  • Non-Resident Malawians with Foreign Currency Denominated Accounts.
  • Foreign Nationals with Permanent Residence.
  • Professionals paid share of the firm's earnings monthly.
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Executive Loans & Overdrafts

Facility/Product and Purpose

  • Term Loan.
  • For any legally accepted purposes. 

Target Market

  • Salaried Account holders resident in Malawi including:
  • Non-Resident Malawians with Foreign Currency Denominated Accounts.
  • Foreign Nationals with Permanent Residence.
  • Professionals paid share of the firm's earnings monthly.
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