Current - Corporate/Enterprise

Demand deposit account (DDA) for Corporate Organisations businesses in which  funds deposited are payable on demand either in person or by presentation of a cheque by third party, bank draft, direct debit, electronic fund transfers

Features

• Minimum initial deposit of N10,000.00 and N20,000.00 for individual and Corporate customers respectively.
• Allow for salaries and other remittances to be paid in.
• Zero minimum operating balance.

Benefits

• Access to loans and overdrafts.
• Allow lodgement of cheques/dividend warrants and other financial instruments.
• Allow for third party withdraw.
• Allow the use of cheque book.

Eligibility

• Private Limited Liability companies.
• Public Quoted companies
• Multinational companies

Documentation Requirements

• Duly completed account opening form.
• Identification of Signatory – International Passport, National Driver’s License, National ID, Voters card.
• Two passport photographs of each signatory to account.
• Two corporate reference forms in the name of the company.
• Utility bills (any month in the preceding 3 months).
• Form CAC 2.5 (formerly CO7-Particulars of directors) certified as true copy by registrars of the Company within the preceding three months to account opening date.
• Form CAC 2.3 (formerly CO2-statement of return on allotment of shares) certified as true copy by Registrars of the Company within the preceding three months to account opening date.
• Certified True Copies of board of directors resolution to open account.
• Authority to debit account for legal search on CAC registration.