Shepherd Apprentice. Settlement Account (Shepherd Settlement)
The need for masters to settle their apprentices after serving the master for years, made us think on how to help the masters do this without any effect on the business capital. It is designed to allow the master determine how much a faithful servant would be settled with, and the number of years it will take before he is settled, this amount is divided for the number years for the apprenticeship, this amount is deposited daily/weekly/monthly over the years and the sum is made available with ease.
Features
- Minimum opening balance #2000
- Minimum daily balance #1000
- No withdrawal till beneficiary is freed or authorized to run account.
- Beneficiary could be changed
- Customer can pay in cheques
- Statement on request
Benefits
- Taking the burden of settlement of your apprentice off your shoulder.
- Save you from the embarrassment of inability to settle loyal apprentices that have served for an agreed time.
