This is a hybrid savings account for Limited Liability Companies with the flexibility of a current account and with minimal restrictions.
Features
- Minimum opening and operating balance of #100,000
- Maximum monthly Debit Turnover 35 million
- Allows lodgment of cheques & dividend warrants into accounts
- Personalized cheque book for over-the-counter withdrawals for self & 3rd parties across the Wema bank branch network
Benefits to Customers
- 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
Documentation
- 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.
- One reference
- 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
- KYC