Business Term Account
These are long term and short term deposits (including call accounts). They offer competitive interest rates and flexible investment periods of thirty (30), sixty (60), ninety (90) and one hundred and eighty (180) days.
Document Requirements
Corporate (SME) Account Opening Requirements
- Memorandum and articles of association (MEMAT)
- Certificate of Share Capital and Allotment (CO2) form
- Director Details and Information (CO7) form
- Certificate of Incorporation
- 2 Passport photographs of each of the signatories
- National ID or Drivers Licence or International Passport of all the signatories and any shareholder that has 5% above.
- Initial deposit
- For Naira account - NGN 250,000
- For dollar account - $2000
- For pounds account - GBP 1500
- For euro account - EUR 1700
- Address of all the signatories
- Phone numbers of all the signatories
- Mother's maiden names of all the signatories
- Utility bill provided it has the companies name & address on it
- Utility bill or Tenancy agreement or Driver's Licence or National ID: - provided it has the name and address of the signatories to the account.
