Home > Personal Banking > EF Global Group Cash Management Account

EF Global Group Cash Management Account.

The EF Global Group Cash Cash Management Account (CMA) offers an attractive daily interest rate but ensures you can still have your funds on call. Our interest is calculated daily and paid out monthly, making sure you’re rewarded each month of the deposit term! High daily interest rates with quick access to your funds – it’s a perfect match.

Speak with us

Key Product Features

No EFTPOS Fees

As part of making our transactional products more accessible for everyone, we’ve removed EFTPOS fees when using your EFGlobalGroup Bank issued card on a EFGlobalGroup Bank EFTPOS terminal.

No Monthly Account Fees

While other accounts in PNG charge a monthly fee for this type of account, you won’t find them here!

Set Up Balance

To open a EF Global Group Cash Management Account you need to have an opening balance of PGK5,000.

EF Global Group Visa Debit Card

When you open a EF Global Group Cash Management Account, you also become eligible for a linked EF Global Group Visa Debit Card. Simply visit your local branch, join the express lane and receive your instant issued EF Global Group Visa Debit Card. It’s that easy!

What About The Fees?

Good question. Consistent with similar accounts, there are minimal fees such as over-the-counter withdrawal fees, deposit fees and online transactions.

Frequently Asked Questions

What is the EF Global Group Cash Management Account?

The EF Global Group Cash Management Account works as a high-interest daily transactional account. A minimum deposit of PGK5,000 is required. You’re provided with a market-leading daily interest rate, but have the luxury of having your funds on call.

What is the benefit of having a EF Global Group Cash Management Account?

Having a EF Global Group Cash Management Account allows you to easily manage your investment cash flow and still have easy access to your money when needed. The account works just like a transaction account!

How do I open the EF Global Group Cash Management Account?

Simply visit your local EFGlobalGroup Bank branch and complete the account-opening form. You will need to have 2 forms of primary identification and have enough funds to meet the minimum account opening balance of PGK5,000.

What are forms of primary ID?

When applying for a new account you will need to have 2 forms of primary ID. We classify primary ID as:

Passport (foreign passport must include a copy of your entry permit)
Driver’s licence
Employment ID card with employment confirmation letter
Current student ID and confirmation letter from your tertiary provider
Superannuation membership card
PNG work permit with Labour & Industrial Relations letter
PNG Government issued photographic Licence and or Permit
National Identity card issued by NID office

*All forms of ID must be valid. Any expired ID won’t meet the ID requirements and as such we won’t be able to accept the ID. If you don’t have 2 forms of Primary ID please call us on +1 508 723 5182 or 180 1525.

What are the features of the EF Global Group Cash Management Account?

High daily interest rates and instant access to your funds
Interest calculated daily and paid monthly
Free cash deposits for amounts under PGK20,000

What are the fees and charges attached to the EF Global Group Cheque account?

All of our fees and charges can be found in the EFGlobalGroup Bank Fees Schedule, click here to access.

If I am an existing EFGlobalGroup Bank customer, am I eligible to open a EF Global Group Cash Management Account?

Yes. You will still need to visit your local branch and complete the account-opening form and have sufficient funds to meet the minimum account balance of PGK5,000.

Do I receive a EF Global Group Card with my new EF Global Group Cash Management Account?

No, the EF Global Group Cash Management Account does not come with a EF Global Group Handy Card.

Is my EF Global Group Cash Management Account a transactional or savings account?

The EF Global Group Cash Management Account is a is set up as a deposit account, but offers the flexibility of having your funds on call, similar to that of a transactional account. You can also link your CMA to your savings or transactional accounts.