Corporate Current Account - Frequently Asked Questions

This is a typical business account. It can be opened for any registered business.
Business Owners, Small and Medium scale enterprises, Sole traders, Professional firms, Joint Ventures, NGOs, Schools, Churches
The minimum opening balance for the account is N50, 000.
The minimum daily balance is zero
There is a N1/mille monthly maintenance charge on the Corporate Account.
The following documents are required to open an Corporate account:
  • Documentary evidence of address
  • 2 references
  • 2 Passport photograph
  • Valid ID of each signatory
  • Residence Permit (Foreigners)
  • Forms CO7 and CO2
  • Certificate of Incorporation / Business Registration
  • Memorandum and Article of Association
  • Board resolution
  • Search report