CURRENT
ACCOUNT
This is an account operates through the use of deposit voucher and cheque book.
Access to both short and long term credit facility.
Customer can guarantee other customer to get loan.
Issuance of cheque to 3rd party.
Adult , Traders both males and females.
Small and medium enterprises owner.
Salary earners.
Two passport photographs.
Recent Utility bills.
National recognized identity card.
Constitution. (corporate)
Certificate of registration. (corporate)
Extract of the minutes. (corporate)
Application letter. (corporate)
SAVINGS
ACCOUNT
This is an account open to keep money for short and long period. It is operated through the use of saving deposits and savings withdrawal by the account owner.
Customer save and withdrawal cash at convenient time.
Account attracts interest at the end of month.
Account can be opened to finance target project. etc
Adult males and females.
Traders.
Salary earners.
Two passport photographs.
Recent Utility bills.
National recognized identity card.
LEGACY
ACCOUNT
This account is opened by parent for a child but operated by the parent. Deposits are made into the account and balance on the account attracts interest.
Payment of school fees is guaranteed at regular time.
Account can be used to get small loan facility for emergency purposes.
It can be used to acquire educational materials e.g Laptop Computer, Text books etc.
Students
Parents
Two passport photographs.
Recent Utility bills.
National recognized identity card.
ASSET
ACQUISITION
This account is designed for individual to save towards acquiring of target asset. The account owner must deposit 25% of the cost of asset to acquire for at least 30 days .The asset will be purchased in the name of the bank and transfer of ownership is done when loan is fully paid.
Acquisition of household items is made easy.
Acquisition of work equipment is also made easy.
Easy loan repayment spread over 10 months.
Fixed interest rate.
Traders
Artisans
Salary earners
Two passport photographs.
Recent Utility bills.
National recognized identity card.
FESTIVAL
ACCOUNT
This is a savings account to target particular festival period expenses such as: Xmas, Ileya, Ramadan, Traditional festivals. Regular payments can be made into the account via Cash deposit, Bank transfer, Standing order or cheque payment.
Easy access to fund during festival period.
Credit facility for 30 days on the contribution to the account.
Special incentives to customers etc.
Adult males and females
Traders
Salary earners
Two passport photographs
Recent Utility bills
National recognized identity card.
GROUP
ACCOUNT
The group account is a grouping savings for between 5-10 members. They must be people that are in common business line. The group must have a meeting point and meet at least twice in a month.
It helps member to have savings culture.
The group can access loan.
Group can cross guarantee members.
Loan to the members are upgraded after each circle.
Adult traders both males and females
Two passport photographs.
Recent Utility bills.
National recognized identity card.
ESUSU
ACCOUNT
Esusu scheme is a savings account for daily contribution. The customer must contribute savings for 5 days through assigned bank marketer with customized daily contribution card.
Contributor can access loan for 25 days in advance.
Guarantee of cash to operate business at all times.
It helps the contributor to always stock his/her store.
Adult males and females
Traders
Artisans
Two passport photographs.
Recent Utility bills.
National recognized identity card.
SMALL & MEDIUM
ENTERPRISES (SME)
This is an account designed for small and medium enterprises business owners. It must be a current account which must be operated with good turnover.
Access to credit facility ranges from 1 day to 6 months.
Local purchasing order financing (LPO).
Account holder can negotiate account maintenance fee.
Cheque deposit is allowed.
Adult males and females
Traders
Two passport photographs.
Recent Utility bills
National recognized identity card.