Minimum account opening amount of N2,000.00
Interest rate of 1.15%p.a
Limited withdrawals – Max of 4 withdrawals/month to qualify for interest
No third-party withdrawals allowed
Enables Associations cooperatives and small enterprises save their money with attractive interest rates.
Supports the use of Debit cards
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)
Search Report