-N100,000 opening balance.
-N100,000 minimum operating balance.
-Zero Account Maintenance Fee charge.
-No monthly maximum debit turnover limit.
-No interest.
-AMF will apply on the total monthly transaction at N1/mille if the operating balance goes below N100,000 at anytime within a month.
Allows customers to have debit turnovers of up to 50 million with no account maintenance charge and earn interest.
Access to SME capacity building programs
Access to free business advisory program bi-annually
Tax advisory and Business tools available (T’s & C’s Apply)
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.
Two references
MyBusiness Account Agreement Form
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)
Search Report