Discover a comprehensive range of business accounts to suit your unique business profile
WEMA Bank online business account is an account targeted at Micro & Small Businesses, the small-medium enterprises with a monthly turnover of N200 million. The product is specifically designed to encourage the SME segment of the economy, help your business grow and it is dynamic enough to be charged based on your monthly activities.
-N10,000 opening balance.
-N10,000 minimum operating balance.
-Zero Account Maintenance Fee (AMF) charge.
-N200million maximum monthly debit turnover.
-AMF will apply on the total monthly transaction at N1/mille if the operating balance goes below N10,000 at anytime within a month.
-For monthly debit turnover above N200million , AMF of N1/mille will apply on the excess.
Allows customers to have debit turnovers of up to #200 million with zero account maintenance charge.
Wema Bank Business Loan package for working capital available
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.
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)