PRODUCT TYPES AND BENEFITS
DIASPORA ACCOUNT OPTIONS
Classic Saving Account (Naira) - Tier 3
Are you a Nigerian living outside the country? Then this account is for you. It allows you to perform domestic and foreign transactions at your comfort, anywhere you are.
Domiciliary Account
Are you a Nigerian living outside the country? Then this account is for you. It allows you to perform domestic and foreign transactions at your comfort, anywhere you are.
Classic Saving Account (Naira) - Tier 3
Features and Benefits
- Opportunity for asset acquisition and milestone payment
- Availability of business support loan
- Financial planning
- Investment opportunities
- Zero initial opening balance is accepted.
- Zero minimum balance
- Attractive interest rate (30% of MPR)
- Allows lodgement of cheques and dividend with maximum value of ₦2, 000,000.00 daily
- Mobile Banking facility i.e online statement, SMS alert, Transfers etc.
Transfer Limit
Maximum of N25,000,000
Requirements
- Duly completed account opening form
- Bank Verification Number (BVN)
- National Identity Number (NIN)
- Valid Identity Card- Valid Nigerian International passport/ Driver's license/ Permanent Voter's card/NIN OR a notarized copy of your foreign passport showing Nigeria as your birthplace/country of origin)
- Proof of address (Utility bill for the last 3 months or Bank Statement for the last 6 months)- The foreign proof of address or bank statement should be notarized, or a local address will be provided for KYC validation.
- Signature mandate
- 1 Passport photograph
Note: all foreign documents must be notarized.
Domiciliary Account
Features and Benefits
- Minimum account opening balance of: - USD 50, GBP 50 or EURO 50
- Opportunity for asset acquisition and milestone payment
- Availability of business support loan
- Financial planning
- Investment opportunities
- Allows for offshore remittances.
Requirements
- Duly completed account opening form
- Bank Verification Number (BVN)
- National Identity Number (NIN)
- Valid Identity Card- Valid Nigerian International passport/ Driver's license/ Permanent Voter’s card/NIN OR a notarized copy of your foreign passport showing Nigeria as your birthplace/country of origin)
- Proof of address (Utility bill for the last 3 months or Bank Statement for the last 6 months)- The foreign proof of address or bank statement should be notarized, or a local address will be provided for KYC validation.
- Signature mandate
- 1 Passport photograph
- 2 references
Note: all foreign documents must be notarized.