Prestige Current Account – Business
Special Current Account
If you get a special current account; your company deserves one too. PCA-Business is not for every business but for select corporate organizations. It offers a comprehensive suite of products and services that your business needs.
- Opening balance of N500,000
- Minimum daily operating balance of N500,000
- Monthly debit turnover (i.e. monthly withdrawals) should not exceed N20 million
- Zero Account maintenance fee if minimum operating balance and maximum debit turnover is maintained.
- Interest of 1%p. a is paid on account balance
- Zero commission on purchase of Personal Travel Allowance
- Personalized cheque book (1st booklet issued free of charge)
- Earns interest on account balance
- Exempted from Account maintenance charges subject to minimum daily operating balance and maximum debit turnover requirement
- No debit turnover restriction & no number of withdrawals limit per month
- Receives Transaction Alerts through SMS and/or e-mail
- When in default of Minimum Operating Balance, the following penalties apply:
| S/N | DEFAULT | PENALTIES |
| 1 | Min Operating Balance |
|
| 2 | Max Debit Turnover |
|
| 3 | Both (1) and (2) |
|
- Duly completed account opening form including signature mandate card
- Business/Company registration documents (e.g. Partnership agreement, business name registration certificate, certificate of incorporation; as applicable to business type)
- Copy of National ID card, Driver’s License, International
- Passport or Voters Card
- 2 references
- BVN of signatories
- 1 passport photographs of each account signatory
- Memorandum and articles of association; copy of forms CO2 & CO7; resolution of the board of directors to open account (where applicable
- Evidence of registration with Special Control Unit on Money Laundering of Federal Ministry of Trade and Investment (where applicable)
- Provision of Tax Identification Number(TIN)
- Search Report
- Copy of a utility bill (water, waste, electricity, or telephone bill) issued within the last three months’
- Visitation report signed by the Relationship Manager (RM) with the concurrence of the Business Development Manager (BDM)
- KYC
