Databank Nyansapo Account

Ghana Stock Exchange



The Databank Nyansapo Account is an investment account tailor-made for informal sector workers. With the introduction of this new investment account, clients who sign up for it will enjoy the benefits of investing in a Databank mutual fund as well as other special benefits that are exclusive to only Nyansapo account holders. Among the numerous benefits is the ability of account holders to use their investments as collateral for loans, access to free health screening, business expansion support and souvenirs and rewards from Databank.

As a firm, our reason behind developing a product for informal sector workers is mainly to help them better plan their finances. Quite often, informal sector workers are faced with the challenge of not finding products that are specific to their needs. As the leading investment bank in Ghana, Databank decided to develop Databank Nyansapo Account to meet the investment needs of Ghana’s informal sector workers.

Funds deposited under Nyansapo Account are invested in MFund. To learn more about MFund, kindly visit the MFund section on the website.

Thank you for choosing to sign up for Databank Nyansapo Account. To become an account holder, you are required to provide the following:

Documents required
To complete your application, we will need scanned copies of the following:

  • A completed Databank application form
  • A completed Nyansapo Registration form
  • 1 Passport size picture
  • 2 Passport size photos
  • Valid ID card
  • Copy of your utility bill (or Google map printout showing where you live)

To download the forms, kindly click below:

1. Why should I open a Databank Nyansapo Account?
By opening a Databank Nyansapo Account, you will have the opportunity to:

  • Use your investments as collateral for loans. You can access a loan package using your investment as collateral. The amount you can access will depend on the amount in your account.
  • Take part in free health screening. From time to time, Databank will organize free health screening for Databank Nyansapo account holders.
  • Meet your short-term financial goals. By investing in Databank Nyansapo Account, you will be able to set aside funds to take care of your short-term financial needs.
  • Receive business expansion support. Each year, five account holders will receive cash support towards the expansion of their businesses. Account holders will be notified and interested ones will be required to submit business proposals for vetting. TERMS AND CONDITIONS APPLY.
  • Receive rewards and souvenirs from Databank. Twice a year, five clients who have not made withdrawals on their accounts for the previous 12 months will be randomly selected to receive gift vouchers worth GHC 250 each. Account holders will also have the opportunity to win different branded Databank souvenirs throughout the year.

2. How is the money going to be invested?

  • All funds deposited in the Databank Nyansapo Account will automatically be invested in Databank Money Market Fund (MFund), unless you indicate otherwise. To learn more about MFund, please read the Fund’s Scheme Particulars, which is available at www.databankgroup.com

3. Can I access the funds in my investment anytime I need money?

  • Yes. While you can access your funds at any time, it is recommended that each deposit remains invested for at least 12 months before withdrawing. This is because the longer you leave your investment, the more likely it is to grow.

4. Can I sign up for the Databank Nyansapo Account even if I have an existing MFund account?

  • Yes. Once you are an informal sector worker, you can sign up for a Databank Nyansapo Account even if you have another Databank mutual fund account, so that you can enjoy even more benefits.

5. What returns will I make on my investments?

  • Your returns will be same as the returns of Databank MFund. Thus, your returns are realized from changes in MFund’s price (relative to the price at which you purchased it). For example, if you bought a share at GHC 0.50 and the current price is GHC 0.80, then the return on that share is GHC 0.80 – GHC 0.50 = GHC 0.30 (which translates to a return of 60%). All interest earned by the Fund’s investment is automatically reinvested.

6. Is there any fee to sign up for Databank Nyansapo Account?

  • There is no membership fee to sign up for the account. However, the standard front load fee of 1% will apply. To learn more about MFund, please read the Fund’s Scheme Particulars at www.databankgroup.com

7. How can I make deposits into my account?
You can top up your account using the following means:

  • Top up using mobile money. Dial *713*100# and follow the steps to register and top up. Please select MFund as the Fund type.
  • Go to any of our partner banks (Access Bank, Barclays Bank, Fidelity Bank, GCB Bank, GTBank, UBA, and Zenith). Please select MFund on the deposit slip.
  • Visit any Databank branch or partner location.
  • Top up via Databank online services. Visit www.databankgroup.com to register.
+ Getting Started

Thank you for choosing to sign up for Databank Nyansapo Account. To become an account holder, you are required to provide the following:

Documents required
To complete your application, we will need scanned copies of the following:

  • A completed Databank application form
  • A completed Nyansapo Registration form
  • 1 Passport size picture
  • 2 Passport size photos
  • Valid ID card
  • Copy of your utility bill (or Google map printout showing where you live)

To download the forms, kindly click below:

+ F.A.Q

1. Why should I open a Databank Nyansapo Account?
By opening a Databank Nyansapo Account, you will have the opportunity to:

  • Use your investments as collateral for loans. You can access a loan package using your investment as collateral. The amount you can access will depend on the amount in your account.
  • Take part in free health screening. From time to time, Databank will organize free health screening for Databank Nyansapo account holders.
  • Meet your short-term financial goals. By investing in Databank Nyansapo Account, you will be able to set aside funds to take care of your short-term financial needs.
  • Receive business expansion support. Each year, five account holders will receive cash support towards the expansion of their businesses. Account holders will be notified and interested ones will be required to submit business proposals for vetting. TERMS AND CONDITIONS APPLY.
  • Receive rewards and souvenirs from Databank. Twice a year, five clients who have not made withdrawals on their accounts for the previous 12 months will be randomly selected to receive gift vouchers worth GHC 250 each. Account holders will also have the opportunity to win different branded Databank souvenirs throughout the year.

2. How is the money going to be invested?

  • All funds deposited in the Databank Nyansapo Account will automatically be invested in Databank Money Market Fund (MFund), unless you indicate otherwise. To learn more about MFund, please read the Fund’s Scheme Particulars, which is available at www.databankgroup.com

3. Can I access the funds in my investment anytime I need money?

  • Yes. While you can access your funds at any time, it is recommended that each deposit remains invested for at least 12 months before withdrawing. This is because the longer you leave your investment, the more likely it is to grow.

4. Can I sign up for the Databank Nyansapo Account even if I have an existing MFund account?

  • Yes. Once you are an informal sector worker, you can sign up for a Databank Nyansapo Account even if you have another Databank mutual fund account, so that you can enjoy even more benefits.

5. What returns will I make on my investments?

  • Your returns will be same as the returns of Databank MFund. Thus, your returns are realized from changes in MFund’s price (relative to the price at which you purchased it). For example, if you bought a share at GHC 0.50 and the current price is GHC 0.80, then the return on that share is GHC 0.80 – GHC 0.50 = GHC 0.30 (which translates to a return of 60%). All interest earned by the Fund’s investment is automatically reinvested.

6. Is there any fee to sign up for Databank Nyansapo Account?

  • There is no membership fee to sign up for the account. However, the standard front load fee of 1% will apply. To learn more about MFund, please read the Fund’s Scheme Particulars at www.databankgroup.com

7. How can I make deposits into my account?
You can top up your account using the following means:

  • Top up using mobile money. Dial *713*100# and follow the steps to register and top up. Please select MFund as the Fund type.
  • Go to any of our partner banks (Access Bank, Barclays Bank, Fidelity Bank, GCB Bank, GTBank, UBA, and Zenith). Please select MFund on the deposit slip.
  • Visit any Databank branch or partner location.
  • Top up via Databank online services. Visit www.databankgroup.com to register.
Databank Financial Services Limited