Corporate Account

Business Corporate account offers the day-to-day services to meet your business banking needs. Open a corporate account to get started.

Open a corporate account

Product Features

  • Opening balance of N50,000 
  • No minimum balance required 
  • Account maintenance fee of N1/mille 
  • Availability of Cheque book 
  • Different variants of Debit Card based on the customer’s preference  
  • Access to alternate channels e.g. online, mobile & telephone banking 
  • Allows direct debit instruction 
  • Third party transactions allowed 
  • All other transactions are charged at banks approved rate

Benefits

  • Access to overdraft and loan facilities for qualified customers at very competitive rates 
  • Monitoring of account activities from the comfort of home/office via internet, telephone and mobile banking. 
  • Third party withdrawals 
  • Convenient and flexible account opening requirements 
  • Provides account information updates via SMS/Email alerts  

Account Opening Requirements

  • Documentary evidence of address
  • 2 references
  • 2 Passport photographs
  • Valid ID of each signatory
  • Residence Permit (where applicable)
  • Forms CO7 and CO2
  • Certificate of Incorporation / Business Registration
  • Memorandum and Article of Association
  • Board resolution
  • Search report
  • Power of attorney (if applicable) 
  • Partnership deed (if applicable) 
  • Letter of administration/ Letter from the Bursar/ from Dean or HOD (if applicable) 
  • Resident Permit(non-Nigerian) 
  • Tax Identification Number (TIN) 
  • BVN of signatory(ies) 
  • Evidence of appointment of company secretary/Authorization from Accountant General/ treasurer of LG council (if applicable) 

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