Check Payment’s Solution Scheme (CPSS)

It is a scheme operated by linking current and saving account features.

Target Beneficiaries

          This schema is designed for those customers who have both saving account and current account in AIB.

Features & Benefits

          The account holder is required to give authorization to the Bank to link the saving account and current account.

          The current account portion pays no interest, while the savings portion pays the normal interest rate.

          The number of withdrawals from the saving account through CPSS is unlimited as long as the minimum  3,000,000 deposit amount requirement is maintained at all points of time

          When there is a shortage of balance in the current account, the customer automatically can access its saving account for the settlement of the check.

Requirement

          CPSS account opening procedures and formalities of the Bank will be followed

 

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