Tsehay Bank

Tsehay Bank is a joint stock company that was officially founded on July 23, 2022, under the banking business regulation no. 592/2008. Initially, it began operations with an authorized capital of Birr 2.8 billion and a paid capital of Birr 734 million. The establishment of the bank was solidified following a shareholder general assembly held on February 18, 2021, with its formal launch occurring on July 23, 2022. The bank has over 373 shareholders and started its journey with 30 branches located in Addis Ababa and various other key cities and towns throughout the nation. As of now, the total number of branches has grown to over 91, and the bank has increased its subscribed capital to Birr 5 billion.

Vision

To become one of the top ten private Commercial Banks in East Africa by the year 2040

MISSION

We are dedicated to deliver sustainable value to our stakeholders by efficiently providing Banking service that ensures best customer Experience using qualified employees and cutting-edge technology

Core Value

Core value is Tsehay Bank is

-Integrity

-Customer Experience

-Teamwork

-Empowerment

-Professionalism

-Learning Organization

-Corporate Citizenship

Local Deposit

Saving Accounts

Each account type offers tailored features to meet the specific needs of different customer groups, including youth, women, elders, and various associations.

1. Ordinary Saving Account

A basic deposit account offering interest, available to individuals and legal entities. Requires a minimum of 25 Birr balance to calculate interest.

Features: Monthly interest calculation, access via debit card and mobile banking, can be opened with zero balance but needs 25 Birr by month-end.

2. Kibirt Women’s Saving Account

A saving account designed specifically for women aged 18+ and women-majority associations.

Features: Higher ATM withdrawal limits, priority banking services, free debit card, business consultancy, discounts from bank partners, and progressive interest based on balance.

3. Gubil Youth Saving Account

For individuals aged 18-25, offering incentives for students and young entrepreneurs.

Features: Free debit card for students, priority banking for balances over 500,000 Birr, business consultancy, discounts with bank partners, and progressive interest rates.

4. Tesfa Teenagers Saving Account

A saving account for teenagers aged 14-18, with an option for guardians to open it for those without income.

Features: Progressive interest rates, account conversion to Youth or Women’s Saving Account upon reaching 18.

5. Eshet Minors Saving Account

A saving account for children under 14, opened by parents or guardians.

Features: Account managed by guardians until the child turns 18, with progressive interest based on balance.

6. Tila Elders Saving Account

For individuals aged 50+ and early retirees, offering various senior benefits.

Features: 15% discount on ATM fees and safe deposit boxes, priority customer service, business consultancy, and discounts from bank partners.

7. Champion’s Savings Product

A savings product supporting Ethiopian football clubs, where deposits also benefit the chosen club.

Features: 8% interest (1% contributed to the club), debit card, no withdrawal limit, and sponsorship potential for the club.

8. Education Saving Account

A savings account to help individuals save for higher education.

Features: Progressive interest rates, scholarship lottery, loan facilitation for education, and flexible withdrawals.

9. Iddir Saving Account

A saving account for Iddir associations, supporting both life and death assistance.

Features: Higher interest rates, automatic member contributions, financial advice, and branded items for Iddirs.

10. Salary Saving Account

A saving account designed for employees, managed through employer salary payments.

Features: Free ATM card, overdraft options based on salary, and electronic deposits/withdrawals.

11. Wedding Saving Account

Description: A saving account for individuals saving for wedding expenses.

Features: Higher interest rates, fee waivers for transaction processing, and flexible withdrawals.

12. Holiday Saving Account

A savings account for individuals saving for holiday expenses.

Features: Higher interest rate compared to ordinary accounts, increasing with deposit amount.

13. Vacation Travel (Picnic) Saving Account

A saving account for vacation travel planning.

Features: Higher interest rates than ordinary accounts, increasing with the deposit balance.

14. Ekub Saving Account

A modernized version of Ethiopia’s traditional Ekub system, with both conventional and interest-free banking options.

Features: Offers large, medium, and small-sized Ekub options based on the mobilized funds. Provides interest rates and on-site cash collection services.

15. Asrat Bekurat Saving Account

A religious commitment account for salary earners to save for church donations or religious activities.

Features: No transaction fees, mobile and internet banking access, and the same interest rate as an ordinary saving account.

16. Deposit Account for Saving and Credit Cooperatives and Other Associations

A saving account designed for cooperatives and associations with higher interest rates and potential financing.

Features: Higher interest rates, financing options available for eligible associations, and flexible deposit options.

Fixed Time Deposit

Fixed time deposit is opened for a specific period (time) by depositing a particular amount of money.

Current Account

Other Special Deposit

You can Learn More About Tsehay Bank Account Types Here.

International Banking

• -Importer
• -Exporter
• -Remittance
• -Correspondent Banks

Loan Services

• -Consumer Loan
• -Business Loan

Foreign Currency Accounts

• -FCY Saving Accounts
• -Diaspora Deposit Products

Interest Free Banking(IFB)

• -IFB Deposit Accounts
• -IFB FCY Deposit Accounts
• -IFB Financing
• -International Trade & Services

Digital Banking

Mobile Banking

Tsehay Mobile Banking brings banking service much closer to you through your mobile device

Android App: Download Here

IOS App: Download Here

USSD: *921#

Internet Banking

You can now use Tsehay Internet Banking Service anywhere, anytime.

You Can Access Tsehay Internet Banking Here.

Card Banking

Tsehay Cards, customers can access their account/s through ATM and make payments online and at POS terminals.

1) Domestic Debit Cards:

Tsehay debit card allows customers to access accounts through ATM or pay for goods and services through POS terminals.Tsehay Gold Debit Card.

1. Tsehay Gold Debit Card is issued to gold-level business and premium customers.
2. Tsehay Classic Debit Card: is issued to account holders with 24/7 access to the account.

2) Domestic Prepaid Cards:

Prepaid cards are issued to account holders or non-account holders once the value of such card is paid in advance by the customer.

1. Domestic Re-loadable Prepaid Cards: are general-purpose classic cards issued to serve the general interest of our customers.
2. Domestic Non-Reloadable Prepaid Cards: are issued to customers in partnership with various service-providing companies.

3. Domestic Credit Cards

Tsehay Credit Card is presented to allow customers to borrow funds of a certain limit and use them to pay for goods and services.

1. Tsehay Classic Credit Card
2. Tsehay Gold Credit Card

POS Terminals

Tsehay bank enable merchants to accept payment electronically through POS terminals. So, cardholders can make payments for purchases using their payment cards.

Agency Banking

This service leverages mobile technology to extend banking access to underserved populations by enabling agents to perform banking transactions using customers' mobile phones. It aims to reach individuals without traditional bank access, providing a convenient and accessible financial solution.