Corporate / Business Account
Our Corporate / Business Account is a tailored financial solution designed to meet the unique needs of small and medium-sized enterprises (SMEs), corporate organizations, businesses, and churches.
This account offers unlimited access, competitive interest rates, and a range of financial products to support your financial goals and business growth.
Key Features
1. Unlimited Account Access: Enjoy unlimited access to your account, allowing you to manage your finances seamlessly and efficiently without restrictions.
2. Attractive Interest Rates: Your business savings will earn competitive interest rates of 6%, ensuring that your money continues to grow while it's in the account.
3. Access to Other Financial Products: Benefit from a suite of financial products, including loans and overdrafts, designed to meet the financial needs of your business. Whether you need working capital or wish to invest in growth, we have you covered.
4. Finance Productive Assets or Investments: You can use your savings alongside borrowing to finance productive assets or investments, providing you with the flexibility to pursue opportunities for business expansion.
5. Free Withdrawals and Deposits for Churches: Churches can make free withdrawals and deposits, making it convenient to manage their finances while focusing on their core activities.
6. Easy Access to Funds: Accessing your funds is quick and hassle-free, ensuring that your business operations remain fluid and responsive to financial demands.
Required Documentation & amount to open up
To open a Corporate / Business Account, you will need the following for account signatories:
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Valid Identification Card copies
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Passport-sized Photos
Additionally, if applicable:
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Certificate of Co-operation (for registered cooperatives)
The account opening fee is 120,000, with the following breakdown:
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Membership Fee (Non-Refundable): 40,000
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Initial Share: 60,000
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Initial Deposit: 20,000