Savings Account
This is an interest paying account targeted at individual and corporate savers.
- Minimum deposit of N2000 for individuals and 10,000 for corporate institutions.
- Competitive interest rate of 1.25% per annum.
- Easy to access.
- Minimum account balance of N500.00
- Duly Completed Account Opening Form.
- Bank Verification Number.
- Valid means of identification.
- Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If account name differs from the name on ID).
- Three Passport Photographs showing full face forward (full names and signatures at the back).
- 4 copy of utility bills issued and paid within the last three months e.g. NEPA bill, water rate bills etc.
- Minimum Deposit N2,000.
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Association/Group Savings Account
This is an interest paying account targeted at individuals & Associations/Unions.
- Minimum deposit of N2000 for individuals and 10,000 for corporate institutions.
- Competitive interest rate of 1.25% per annum.
- Easy to access.
- Minimum account balance of N500.00
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- Extract of minutes of meeting where the decision to open an account was made or approved.
- The extract must expressly state the authority given to at least three of the officers ( usually the president, Secretary and the treasurer) to act on their behalf. In direct terms these offices mandates the account for the association/group
- Two Passport Photographs showing full face forward for the executive officers (full names and signatures at the back).
- Identification document of each signatory (International Passport/Drivers license/National ID Card).
- Specimen Signature cards duly certified by approved executive officers.
- Copy of utility bills issued and paid within the last three months e.g. NEPA bill, water rate bills etc.
- Minimum Deposit N10,000 and BVN.
Frequently Asked Questions
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