Financial Products and Services
The registration of a customer at a banking institution or mobile money network, enabling them to deposit money and use other products and services provided thereby.
A contract by which a banking institution receives funds from a customer, along with the right to use them for their undertakings and the responsibility of returning the deposited amount, as provided by the contract concluded, and in some cases, pay a remuneration.
The receipt of deposits in cash and other amounts (such as cheques) is an exclusive operation of credit institutions and financial companies registered with the Banco de Moçambique.
Cadernos do Banco de Moçambique 5 (Books) - Bank Accounts
The operation through which the bank and other credit institutions authorized by the Banco de Moçambique make funds available to their customers, against the promise that they will repay, at an agreed future date, the amount granted plus the interest concerned.
General credit scheme
Credit granted to purchase, rehabilitate or expand real estate for residence.
Specific type of credit, where a bank or credit institution provides a private individual with the necessary amounts to purchase consumer goods such as household appliances, various furniture and other durable goods. In addition to consumer credit, credit institutions grant several other types of credit, such as investment credit, which is for any customer who requires a certain amount to invest, whether in commerce, agribusiness, in service provision, etc.
Cadernos do Banco de Moçambique (Books) 9 - Bank Accounts