Current Account
Target Market
- Business organizations
- Individuals
Requirement
- Duly completed account – opening form
- 2 Passport – sized photographs of the account holders and Parent/Guardian
- Satisfactory evidence of identity(Driver’s License, National ID, Voter’s Card, Sworn Affidavit, Int. Passport, Tax Clearance)
- Completed Reference Forms
- Utility Bills
- Indemnity Letter
In addition to the above, corporate organizations will provide the following:
- Certificate of Incorporation(Forms 2,3 and 6 issued by the CAC or a copy of the organization’s rules, regulations, Trust Deed or its constitution – Original to be sighted)
- Memorandum and Articles of Association
- Form C07 (issued by CAC) indicating particulars of Directors of the Company
- Favourable Legal Search Report
- Minimum Account Opening requirement is =N=5,000.00 for individual and N10,000.00 for corporate.
Features
- A typical current or running account.
- Lodgments into account may be by cash or cheques.
- Withdrawals are effected through cheques.
- Third party transactions are also facilitated without physical presence of account holder.
- Mandatory issuance of debit card
- Online transactions across branches
- E-mail/SMS transactions allowed with attendant cost(Optional)
- Access to credit facility
- Customized cheque book for withdrawal also at Correspondent bank.
