We have various account types of which you get to select your preferred choice during the account opening process.
1. Swift savings account: Don't have the complete documentation to open a savings account, we have got you covered! This is financial inclusion savings account that is just for you.
What do I need to open Swift savings account?
You need just your bank verification number (BVN).
How much do I need to open a Swift savings account?
You do not need any initial amount to open a Swift Account but it is advisable to open with at least 1075 naira to cover the cost of debit card.
What can I benefit from opening a Swift savings account?
Zero opening/minimum operating balance
Issuance of verve card only
SMS and Email alert on all transactions.
Access to USSD, and altbank.
What are the features of Swift savings account?
Single transaction limit of N50,000 daily.
N300,000 maximum cumulative balance
Customer's account will be restricted if any amount higher than what is stated above enters the account. Customer will be required to upgrade to a Savings Account by providing necessary documentations.
2. Savings account: With a zero minimum balance, you can open an Alternative Zero Interest Savings Account and enjoy access to Internet Banking platforms, debit cards and SMS alerts.
What are the features/ benefits of a savings account?
This a zero minimum balance account.
You enjoy full access and free onboarding of our internet & mobile banking platforms.
Verve card issuance (You get a free verve card delivered too registered address if you open your account online)
No interest
SMS and Email alerts
24/7 customer support
What are the Requirements for opening a savings account?
Valid means of identification license/voter’s card
One recent passport sized photograph
Documentary evidence of address in Nigeria (utility bill e.t.c)
CERPAC- Combined Expatriate Residence Permit and Alien Card (West African nationals excluded) This is for resident nationals of a foreign country.
3. Current account; With only N5,000.00 account opening deposit and zero minimum balance. This account does not charge for withdrawal and does not attract COT (Charge on Transaction.).
What are the benefits of opening a current account?
Verve card issuance (You get a free verve card delivered too registered address if you open your account online)
Internet banking facility
Opening balance of N5000
No daily minimum balances
No AMF
POS (on request to individual merchants)
cheque books
Debit cards on all the e-channels.
Access to Aternative Bank facilities
Corporate: With just N10,000.00 deposit, customers could enjoy all benefits of Alternative Corporate Account either as companies registered as Business Name or a Limited Liability company.
Features:
Opening balance of N10,000
No daily minimum balances
No AMF
Verve card issuance
Internet banking service
Access to POS (on request)
Access to all Sterling alternative facilities
SMS and email alerts.
Requirements (BN)
Certificate of Registration
CAC Certified Application form for Registration of Business name.
Taxpayer Identification Number (TIN).
Partnership Deed (where applicable).
BVN of each signatory and contact details.
Recent and clear passport photograph of each Signatory.
Valid and acceptable means of Identification for each signatory.
Power of Attorney duly executed by the registered Business Owner where the signatory is different from the listed Proprietor.
For Professional bodies, evidence of duly registered membership of the professional body is required.
Combined Expatriate Residence Permit and Alien Card (CERPAC) for Non-Nigerian Directors and Signatories of the company.
Minimum Opening deposit of =N=10,000.00 (To facilitate Legal Search – Unfunded accounts will be closed after 30 days).
SCUML Certificate (where applicable).
Two satisfactory references
Requirements (LLC)
Board resolution on company letter head or company resolutions form provided in account opening package with company seal duly fixed.
Two satisfactory references
One recent passport sized photograph of the signatories
CERPAC-Combined Expatriate Residence permit and Alien card (west African Nationals excluded)
Certificate of incorporation
Certified true copy of Form CO2
Certified true copy of Memorandum and articles of Association
Certified true copy of corporate Affairs Commission form (CO7)
Certificate of exemption from using ‘Limited’ after name (where applicable)
Authority to debit account for cost of company search.
Letter of set off
Search report
Tax identification number.
For Pharmaceutical companies and other professional inclined institutions/businesses, additional documentation listed below will be required
Certificate of Membership of the Pharmaceutical Society of Nigeria/the concerned professional body.
Retention of premises certificate (where applicable)
Annual license to practice (this should be updated annually).
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