Wema Bank Plc > Personal > Accounts & Services

Accounts & Services

Salary Current Account

If you need a current account to receive your salary and other emoluments from your employer; this account is for you. In addition to having a special account for your salary, the Salary Current Account also grants you access to personal loans & revolving overdraft facilities.

Target Market
Salary earners at reputable companies or government ministries, departments and agencies (MDAs)
Features and Benefits
Zero account opening amount (first salary would be the opening balance) No restriction on the number of withdrawals per month Supports use of Wema debit cards (for ATM, POS, Mobile &Web transactions) Transaction alerts through SMS and/or E-mail Personalized cheque book (1st booklet issued free of charge) Easy access to personal loans and/or overdraft at competitive interest rate
Documents Required
Completed account opening form Letter of introduction by the employer, with a schedule of all employees, the account is to be opened for Copy of employee ID card Copy of utility Bill of employer’s place of business (either of electricity bill, Waste bill, telephone bill or Water bill issued within the last three months) One passport photograph of each employee BVN KYC

Personal Current Account

Want a standard, no-frills current account that allows for cheque issuance and lodgements?

Personal Current Account is an ideal current account for your basic banking needs. It comes with a debit card and allows you to issue and lodge cheques. It can be opened by an individual, as a joint account or by registered businesses. Open a Personal Current Account Now.

Target Market

Any individual who would like the flexibility offered by a demand deposit account

Individuals who wish to operate a joint account

Features and Benefits

Minimum opening balance of N2,000

No minimum operating balance required

Allows use of cheque for withdrawal by self and third parties from the account across the Wema Bank branchnetwork

Allows cheque lodgement/cheque clearing by bank on behalf of the customer.

Attracts maintenance fee based on CBN approved rate

Supports credit facilities e.g. Overdraft facility, Term loan, Salary advance, settlement of monthly installments, etc.

Convenient transactions through issuance of cheques

Unlimited number of withdrawals/transactions

No restriction on minimum balance

Transaction alerts through SMS / or e-mail

Supports all e-products (debit/credit cards, mobile banking, internet banking, etc.)

Documents Required

Completed account opening form 

Copy of valid ID(Driver’s Licence, National ID Card, International Passport or Voter ID Card)

Copy of Utility bill (PHCN bill, Waste bill or Water bill issued within the last three months)

Two passport photographs

Two References

BVN

KYC