Databank Housing Account

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Owning a home is the dream of many Ghanaians. That’s why we are excited to introduce the Databank Housing Account (DHA). DHA is an investment product specially designed to help Ghanaians invest towards acquiring land or buying a house. Additionally, DHA offers a range of benefits including low fees, monetary rewards when you hit certain milestones and many other exciting rewards. We look forward to partnering with you on your housing journey. Keep reading to learn more…

The Databank Housing Account helps you move from being a tenant to becoming a homeowner, or even a landlord.

As you remain committed to investing, you can enjoy the peace of mind that comes from owning your own home.

You are able to take practical and sustainable investment steps that will help you raise the capital you need to finance your mortgage, buy property or build your house from scratch.

All funds deposited under the Databank Housing Account will automatically be invested in Databank MFund. To learn more about MFund, please read the Scheme Particulars.

GHC 100

Direct debit must be set up although you can also make additional ad-hoc deposits.

Funds must stay invested for a minimum of 5 years. There is no withdrawal fee for any request received after the 5-year anniversary of the account.

You can place a withdrawal request on your account only when you have satisfied the minimum duration of the account tenure, which is 5 years. This restriction will be enforced by placing a lien on the account for the first 5 years of the account. There is no withdrawal fee for any request received after the 5-year anniversary of the account. You will receive proceeds of your withdrawal after one (1) business day of a withdrawal request.

Each deposit into the Databank Housing Account attracts a front-load fee of 0.5%.

Periodic seminars will be organized for all DHA clients by Databank in collaboration with real estate and mortgage companies, etc.

• Bonus loyalty points when you achieve certain milestones
• Housing appreciation prizes of GHC 1,500 to 3 or more investors selected randomly each year towards their overall target

• Open a Databank Housing Account at any Databank location (19 locations to choose from)
• Complete the form at the bottom of the page and email to info@databankgroup.com

• Completed Databank Housing Account application form
• Amount of money to be invested
• Valid photo ID (e.g., Passport, Driver’s license)
• 2 passport size photographs
• Proof of address (e.g., electricity bill, Google map printout, Ghana Post code)

USSD:
• *6100#
• *737*100#
• *422*400#
• *790*100#

Partner banks:
• Absa Bank
• Access Bank
• Fidelity Bank
• GCB Bank
• GTBank
• Standard Chartered Bank
• UBA
• Zenith bank

Online:
• Visa or Mastercard - click the Digital Services tab to top up
• Mobile App (Search for Databank Group on the Google Play Store or App Store)

The Databank Housing Account is an investment package designed to help Ghanaians invest toward the purchase or construction of a home.

The minimum investment amount required to sign up is GHC 500. The minimum amount for a monthly top up is GHC 100.

By opening a Databank Housing Account, you will enjoy the following benefits:
Low front-load fees: Each deposit into the Databank Housing Account attracts afront-load fee of 0.5%.
Investment and Housing seminars: Periodic seminars will be organized for all DHA clients by Databank in collaboration with real estate and mortgage companies.
Rewards:
• Bonus loyalty points when you achieve certain milestones
• Housing appreciation prizes of GHC 1,500 to 3 or more investors each year towards their overall target

Investments made into the Databank Housing Account will be automatically invested in MFund. MFund is a short-term investment product designed to preserve your capital through investments in high-yielding, high quality fixed income securities. For more information on MFund, visit www.databankgroup.com

The minimum holding period for this account is 5 years. This restriction will be enforced by placing a lien on the account for the first 5 years of the account. As such, any withdrawals done on the account prior to 5 years will attract a penalty or result in the closure of the account.

To help you invest towards your house, we will do the following:
• Determine a target amount and date (Minimum duration is 5 years)
• Determine the monthly contribution required to reach the goal in time.
• Get you registered for direct debit to enable monthly deductions from your bank account

Yes, you would need to open a new account for the Databank Housing Account.

You can top up at any of our 19 locations or
• USSD codes: *6100# (MTN/ Vodafone), *737*100#, *790*100#, *422*400#
• Partner Banks: Absa, Access, Fidelity, GCB, GTBank, Standard Chartered, UBA and Zenith Bank
• Online: Digital Services at www.databankgroup.com
• Mobile App (Available on the Google Play Store or App Store)

To sign up, you will need to complete a Databank Housing Account opening form. The forms are available at any Databank location or at www.databankgroup.com

You can place a withdrawal request on your account when you have satisfied the minimum duration of the account tenure, which is 5 years. There is no withdrawal fee for any request received after the 5-year anniversary of the account. You will receive proceeds of your withdrawal after one (1) business day of a withdrawal request.

+ Why choose DHA?

The Databank Housing Account helps you move from being a tenant to becoming a homeowner, or even a landlord.

As you remain committed to investing, you can enjoy the peace of mind that comes from owning your own home.

You are able to take practical and sustainable investment steps that will help you raise the capital you need to finance your mortgage, buy property or build your house from scratch.

+ Product details

All funds deposited under the Databank Housing Account will automatically be invested in Databank MFund. To learn more about MFund, please read the Scheme Particulars.

GHC 100

Direct debit must be set up although you can also make additional ad-hoc deposits.

Funds must stay invested for a minimum of 5 years. There is no withdrawal fee for any request received after the 5-year anniversary of the account.

You can place a withdrawal request on your account only when you have satisfied the minimum duration of the account tenure, which is 5 years. This restriction will be enforced by placing a lien on the account for the first 5 years of the account. There is no withdrawal fee for any request received after the 5-year anniversary of the account. You will receive proceeds of your withdrawal after one (1) business day of a withdrawal request.

+ Benefits

Each deposit into the Databank Housing Account attracts a front-load fee of 0.5%.

Periodic seminars will be organized for all DHA clients by Databank in collaboration with real estate and mortgage companies, etc.

• Bonus loyalty points when you achieve certain milestones
• Housing appreciation prizes of GHC 1,500 to 3 or more investors selected randomly each year towards their overall target

+ Getting started

• Open a Databank Housing Account at any Databank location (19 locations to choose from)
• Complete the form at the bottom of the page and email to info@databankgroup.com

• Completed Databank Housing Account application form
• Amount of money to be invested
• Valid photo ID (e.g., Passport, Driver’s license)
• 2 passport size photographs
• Proof of address (e.g., electricity bill, Google map printout, Ghana Post code)

USSD:
• *6100#
• *737*100#
• *422*400#
• *790*100#

Partner banks:
• Absa Bank
• Access Bank
• Fidelity Bank
• GCB Bank
• GTBank
• Standard Chartered Bank
• UBA
• Zenith bank

Online:
• Visa or Mastercard - click the Digital Services tab to top up
• Mobile App (Search for Databank Group on the Google Play Store or App Store)

+ FAQ's

The Databank Housing Account is an investment package designed to help Ghanaians invest toward the purchase or construction of a home.

The minimum investment amount required to sign up is GHC 500. The minimum amount for a monthly top up is GHC 100.

By opening a Databank Housing Account, you will enjoy the following benefits:
Low front-load fees: Each deposit into the Databank Housing Account attracts afront-load fee of 0.5%.
Investment and Housing seminars: Periodic seminars will be organized for all DHA clients by Databank in collaboration with real estate and mortgage companies.
Rewards:
• Bonus loyalty points when you achieve certain milestones
• Housing appreciation prizes of GHC 1,500 to 3 or more investors each year towards their overall target

Investments made into the Databank Housing Account will be automatically invested in MFund. MFund is a short-term investment product designed to preserve your capital through investments in high-yielding, high quality fixed income securities. For more information on MFund, visit www.databankgroup.com

The minimum holding period for this account is 5 years. This restriction will be enforced by placing a lien on the account for the first 5 years of the account. As such, any withdrawals done on the account prior to 5 years will attract a penalty or result in the closure of the account.

To help you invest towards your house, we will do the following:
• Determine a target amount and date (Minimum duration is 5 years)
• Determine the monthly contribution required to reach the goal in time.
• Get you registered for direct debit to enable monthly deductions from your bank account

Yes, you would need to open a new account for the Databank Housing Account.

You can top up at any of our 19 locations or
• USSD codes: *6100# (MTN/ Vodafone), *737*100#, *790*100#, *422*400#
• Partner Banks: Absa, Access, Fidelity, GCB, GTBank, Standard Chartered, UBA and Zenith Bank
• Online: Digital Services at www.databankgroup.com
• Mobile App (Available on the Google Play Store or App Store)

To sign up, you will need to complete a Databank Housing Account opening form. The forms are available at any Databank location or at www.databankgroup.com

You can place a withdrawal request on your account when you have satisfied the minimum duration of the account tenure, which is 5 years. There is no withdrawal fee for any request received after the 5-year anniversary of the account. You will receive proceeds of your withdrawal after one (1) business day of a withdrawal request.