Maybe a Current Account is not for you but you want to enjoy some flexibility on your Savings Account; Wema Treasure Account (WTA) is what you need. Wema Treasure Account is a hybrid savings account. It operates with some flexibility of a Current Account with minimal restrictions, allowing third party transactions and accruing interest on account balances.
Minimum opening and operating balance of #10,000
Interest rate of 0.575%
Allows lodgment of cheques & dividend warrants into accounts
Allows withdrawals below Min operating balance but customer will lose interest for the month concerned
Personalized cheque book for over-the-counter withdrawals for self & 3rd parties across the Wema bank branch network
Conduct third party transactions on a savings account using cheques redeemable at any WEMA Bank Branch.
No loss of interest as a result of number of withdrawals.
Access to e-banking products and services
Transaction alerts through SMS and/or E-mail
Duly completed account opening form including signature mandate card
Business/Company registration documents (e.g. Partnership agreement, business name registration certificate, certificate of incorporation; as applicable to business type)
Copy of National ID card, Driver’s License, Voters ID or International Passport
1 passport photograph of each signatory
BVN of signatories, Directors and Beneficial owners
Copy of utility bill (Water, electricity or telephone) issued within the last three months.
Memorandum and articles of association; copy of forms CO2 & CO7
Resolution of the board of directors to open account (where applicable)
Evidence of registration with Special Control Unit on Money Laundering of the Federal Ministry and Trade Investment (where applicable)
Provision of Tax Identification Number (TIN)