Current Account
This is designed for both individuals and corporate bodies. It is an account that allows the issuance and deposit of cheques.
Features
Open Account
- Minimum deposit of ₦5000 for individuals and ₦10,000 for corporate institutions.
- Easy to access.
- Minimum account balance of N500.00
- Two Passport photographs of each of the signatories with their names and signatures at the back.
- ID cards of Signatories (International Passport/Driver’s License/National 10 card).
- A certified true copy of the Certificate of Incorporation, Articles, and Memorandum of Association.
- Forms C02 & C07 (Particulars of Directors)
- Board Resolution
- Two detachable reference forms duly signed by Corporate organizations operating current accounts.
- Two signature cards duly completed by the signatories.
- Current Utility Bill (Electricity bill or water rate bill, Telephone bill, or receipt of rent or tenement payment).
- Resident permit (where applicable).
- 1 Postage stamp (signatories to sign across the stamp after affixing).
- Minimum deposit -:₦10,000
- BVN (of all signatories)
Savings Account
This is an interest-paying account targeted at individual and corporate savers.
Features
Open Account
- Minimum deposit of N2000 for individuals and 10,000 for corporate institutions.
- A competitive interest rate of 1.25% per annum.
- Easy to access.
- Minimum account balance of N500.00
- Duly Completed Account Opening Form.
- Bank Verification Number.
- Valid means of identification.
- Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If account name differs from the name on ID).
- Three Passport Photographs showing full face forward (full names and signatures at the back).
- A copy of utility bills issued and paid within the last three months e.g. Utility bills, water rate bills etc.
- Minimum Deposit N2,000.
Fixed Deposit Account
This is a specialized savings with a fixed tenor. Tenor may vary from 30 days to as much as 360 days.
Features
Open Account
- The tenor involved and the prevailing market rate determines the rate at which any deposit can be fixed.
- Investment period (tenor) is a minimum of 30 days and a maximum of 360 days.
- Minimum opening balance is ₦100,000.
- Amount can be terminated before maturity but a certain percentage of accrued interest will be forfeited.
- Attractive interest rate.
- A written instruction to enable us to fix the specified amount.