An account targeted at Micro & Small Businesses. The product is dynamic enough to charge based on your monthly activities.
Features
- Minimum opening and operating balance of #10,000
- Monthly Debit turnover limit of #30 million.
- Opportunity to select a product befitting of your business with full current account capacity
- Transaction account at affordable monthly charges based on monthly turnover
Benefits to Customers
- This product grants customers automatic Account maintenance concession through its affordable monthly charges that is based on total monthly debit turnover.
- Wema Bank Business Loan package for working capital available
- Transaction alerts through SMS and/or E-mail
Documentation
- 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, Voters ID or International Passport
- 1 passport photograph of each signatory
- BVN of signatories, Directors and Beneficial owners
- Copy of utility bill (Water, electricity or telephone) issued within the last three months.
- Two references
- MyBusiness Account Agreement Form
- 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 the Federal Ministry and Trade Investment (where applicable)
- Provision of Tax Identification Number (TIN)
- Search Report