Posted by Russell

Types Of Nigeria Banks: Complete List Of Banks Operating In Nigeria

Access Bank, Bank, Diamond Bank, FCMB Bank, Fidelity Bank, Firstbank, GTBank, Nigeria, Polaris Bank, UBA Bank, Zenith Bank 0

When it comes to Banks in Nigeria, only few banks are well known. The likes of Firstbank, Access bank, Zenith Bank, GTBank, FCMB and UBA top the list of Nigeria Banks. But surprisingly these are not the only banks in Nigeria. There are other types of Nigeria Banks that are not well known.

In Nigeria, aside from other financial institution there are about four types of banks in Nigeria. These banks perform from small banking operations for individuals to large banking operations for big companies.

This means that if you are a small business owner there might just be a bank ready to finance your small business and provide your loan options when other big banks refuse to do so.

In this article, we’ll be introducing you to other types of Nigeria banks. The list of Nigeria banks below will be explained with examples and their functions.

Types Of Nigeria Banks

Below are the various types of banks in Nigeria by categories. These catergories will be broken down to include the names of all banks in each category.

  1. Commercial Banks
  2. Microfinance Banks
  3. Primary Mortgage Banks
  4. Merchant Banks
  5. Other Financial Institution
List Of Commercial Banks In Nigeria

There are currently about 23 banks in Nigeria. With the likes of Skye Bank been changed to Polaris bank and the likes of Diamond Bank merged with Access Bank. Below are the complete list of all 23 commercial Banks in Nigeria.

  1. Access Bank
  2. Access Bank Plc(Diamond)
  3. Citi Bank
  4. Ecobank
  5. Enterprise Bank
  6. FCMB(First City monument Bank)
  7. Fidelity Bank
  8. First Bank Of Nigeria
  9. GTBank Plc
  10. Heritage Bank
  11. JAIZ Bank
  12. Keystone Bank
  13. Polaris Bank (Formerly known as Skye Bank)
  14. Providus Bank
  15. StanbicIBTC Bank
  16. StandardChartered Bank
  17. Sterling Bank
  18. Suntrust Bank
  19. UBA Bank (United Bank For Africa)
  20. Union Bank
  21. Unity Bank
  22. Wema Bank
  23. Zenith Bank

Above is all 23 commercial banks in Nigeria and they are listed alphabetically. All Banks above are licensed and approved by Central Bank of Nigeria to carry all banking operations and commercial activities in Nigeria.

List Of Microfinance Banks In Nigeria

This falls in the category of the unknown banks. Microfinance banks provide small loan options for business owners. They also perform small daily banking operations but now on a large scale like that of commercial banks.

Surprisingly there are over 70 Microfinance banks currently operating in Nigeria. Below are a list of the Microfinance banks in Nigeria

  1. ABU MICROFINANCE BANK
  2. ACCION MFB
  3. ADDOSER MFBB
  4. AL-BARKAH MFB
  5. ALEKUN MICROFINANCE BANK
  6. ALLWORKERS MFB
  7. ALPHA KAPITAL MFB
  8. AMJU MFB
  9. AMML MFB
  10. APEKS MFB
  11. APEKS MFB
  12. BAINES CREDIT MFB
  13. BC KASH MFB
  14. BOCTURST MFB
  15. BOWEN MFB
  16. CEMMCS MFB
  17. CHIKUM MFBCIT MICROFINANCE BANK
  18. CONSUMER MFB
  19. COVENANT MFB
  20. CREDIT AFRIQUE MFB
  21. DAYLIGHT MFB
  22. EKONDO MFB
  23. EMPIRE MFB
  24. ESO-E MICROFINANCE BANK
  25. FAST MICROFINANCE BANK
  26. FFS MICROFINANCE BANK
  27. FIDFUND MFB
  28. FINATRUST MFB
  29. FIRST MULTIPLE MICROFINANCE BANK
  30. FIRST ROYAL MFB
  31. FORTIS MICROFINANCE BANK
  32. FULL RANGE MFB
  33. FUTY MFB
  34. GASHUA MICROFINANCE BANK
  35. GOWANS MFB
  36. GREENBANK MICROFINANCE BANK
  37. GROOMING MICROFINANCE BANK
  38. HACKMAN MICROFINANCE BANK
  39. HASAL MFB
  40. HIGHSTREET MICROFINANCE BANK
  41. IBILE MICROFINANCE BANK
  42. INFINITY MFB
  43. IRL MICROFINANCE BANK
  44. JUBILEELIFE MFB
  45. KCMB MFB
  46. LAFAYETTE MICROFINANCE BANK
  47. MALACHY MFB
  48. MIDLAN MFB
  49. MUTUAL TRUST MICROFINANCE BANK
  50. NAGARTA MFB
  51. MDIORAH MFB
  52. NIRSAL MFB
  53. NPF MFB
  54. OHAFIA MFB
  55. OKPOGA MFB
  56. PAGE MICROFINANCE BANK
  57. PARRALEX MFB
  58. PECAN TRUST MFB
  59. PERSONAL TRUST MFB
  60. PETRA MFB
  61. QUICKFUND MFB
  62. RAHAMA MFB
  63. REGENT MFB
  64. RELIANCE MFB
  65. RENMONEY MIVROFINANCE BANK
  66. RICHWAY MFB
  67. ROYAL EXCHANGE MFB
  68. SEED CAPITAL MFB
  69. STANDFORD MFB
  70. UNN MFB
  71. VITE MFB
  72. VFD MFB
  73. VIRTUE MFB
  74. VISA MICROFINANCE BANK
  75. WETLAND MFB
  76. XSLNCE MFB
  77. YES MFB

The above are some of the microfinance banks currently operating in Nigeria. This list will be updated every month for the most recent microfinance banks.

List Of Primary Mortgage Banks In Nigeria

Another type of bank that is seldomly heard of in Nigeria is the Primary Mortgage Banks. These types of banks are primarily focused on providing mortgage or loans for individuals and corporate bodies who want to acquire house and landed properties.

There are currently about 17 Primary Mortgage Banks in Nigeria. below are the list of the primary Mortgage Banks in Nigeria

  1. ABBET MORTGAGE BANK
  2. AG MORTGAGE BANK
  3. ASO SAVINGS
  4. BRENT MORTGAGE BANK
  5. FBN MORGAGES LIMITED
  6. FIRST GENERATION MORTGAGE BANK
  7. GATEWAY MORTGAGE BANK
  8. HAGGAI MORTGAGE BANK LIMITED
  9. IMPERIAL HOMES MORTGAGE BANK
  10. INFINITY TRUST MORTGAGE BANK
  11. LBIC MORTGAGE BANK
  12. NEW PRUDENT MORTGAGE BANK
  13. OMOLUABI MORTGAGE BANK PLC
  14. PLATINUM MORTGAGE BANK
  15. REFUSE MORTGAGE BANK
  16. SAFETRUST MORTGAGE BANK
  17. TRUSTBOND MORTGAGE BANK

The above are the 17 mortgage banks currently in Nigeria.  They offer mortgage or loan for house and landed properties for individuals and business. If you wish to acquire a loan specifically to purchase a house or lad then they are your best options.

List Of Merchant Banks In Nigeria

Merchant banks are designed in such a way that they provide loan options for big companies. They are targeted at providing loan options for big businesses and institutions. Little wonder there are few of such banks in Nigeria.

There are about 5 Merchant banks currently in Nigeria. Below is the complete list of all Merchant banks in Nigeria.

  1. CORONATION MERCHANT BANK
  2. FBNQUEST MERCHANT BANK
  3. FSDH MERCHANT BANK
  4. NOVA MERCHANT BANK
  5. RAND MERCHANT BANK

The above are the 5 merchant banks we currently have in Nigeria. Please note that it is not advisable that individuals seek loan options from merchant banks. They designed to give loans out to big companies.

List Of Other Financial Institution

Other financial institution are not banks, but they can perform some activities done by banks. at the least, they can send, receive and save money. There are about 3 of such institutions in Nigeria currently.

  1. Flutterwave technology Solutions Limted
  2. Intellifin
  3. PayAttitude Online
Conclusion

In total we have about 125 different institutions performing banking operations in Nigeria. So you can see that aside from the regular commercial banks, there are other types of Nigeria banks.

The list of banks will updated every month to include all recent changes. Please use the share button below to share our posts on Facebook and Twitter.

Posted by Russell

UBA Vs Access Bank Which Other A Better Banking Experience

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UBA and Access Bank are among the best banks in Nigeria. But when it comes to choosing which to bank with, what will be your choice. Aside from been socially active, both banks are among the technologically advance banks in Nigeria.

Please note that this comparison is not meant to make any of Bank look bad. UBA and Access Bank are very good Nigeria Banks that provide wonderful services. This comparison is only meant to help you understand the features of these banks.

The comparisons will be from how easy it is to open a Bank Account in these banks. Their customer service and response rate. The mobile banking and internet banking among others.

Comparison Between UBA And Access Bank Bank of Nigeria

To begin lets start with the different means of opening a Bank Account in both of these banks

Ways To Open Bank Account
UBA Nigeria(United Bank for Africa)

There are about 4 ways to open Bank Account with UBA of Nigeria. These ways are as listed below

  • UBA Mobile App.
  • Through the internet using the UBA website. You can read this Step by Step Guide on how to open the UBA account using their website.
  • Using the UBA short code.
  • Visit any UBA branch in Nigeria
Access Bank Bank of Nigeria

There are about 4 ways to open Bank Account with Access Bank of Nigeria. These ways are as listed below

  • Access Bank Mobile App.
  • Through the internet using the Access Bank website. You can read this Step by Step Guide on how to open the Access Bank account using their website.
  • Using the Access Bank short code.
  • Visit any Access Bank branch in Nigeria

Both Banks have same ways of opening bank account. They also offer instant savings account that allows you to get a savings account with only your passport. See complete list of all Nigeria Banks USSD Code for banking in This Article.

Available Debit Cards For Customer

Both banks are very swift when it comes to issuing Debit cards to its customers. These banks can issue your Debit Cards within the hour (that is if the debit card is available which is usually available). They also have variety of debit cards, Velve, visa and MasterCard.

Internet And Transaction Process

Access Bank holds the record of fast internet processing and transaction processing in Nigeria. They have good internet and online presence. Almost all processes and even loan application are fully automated.

UBA on the other hand have good transaction processing but have network related issues especially on weekends. This makes withdrawals frustrating as you can’t use any UBA debit card at any ATM’s, POS center and online payment.

Although UBA is a good option when it comes to Internet and transaction processing. But Access Bank is a better option when it comes to Internet and transaction processing.

Making Cashless Withdrawals In Designated ATM’s In Nigeria

UBA is among the very first banks in Nigeria to have this feature. In fact it came with their U-Mobile Banking feature(U-Mobile is what the UBA mobile banking App is called). And this work very smoothly for all UBA customers who wish to use this feature.

Access Bank also have this feature which makes it possible for customers to withdraw money without the use of debit cards. We already have a step by step guide on how to set up your Cardless Banking in your Mobile Banking App.

Customer Care And Support System

Currently it seems that UBA have the most responsive customer care and support system. UBA are among the most socially active banks in Nigeria. They also have a call me back feature in their Website.

Now when you lay a complaint on any UBA social media Page like Facebook, Twitter or Instagram, a customer agent will call you before the day runs out.

Access Bank also have good customer support but not on the level of UBA. This means that when it comes to customer care and support system, UBA is ahead of Access Bank.

Cost Of Maintaining A Bank Account

Well UBA can be very annoying when it comes to cost of maintenance. They can debit you without telling you the reason for the debit. Most times they’ll debit you without sending you a debit alert.

UBA have debited me for SMS charges without sending me an SMS alert. I had to chat up a customer care agent who explain to me when i notice the difference in my account balance.

Aside from the above all other maintenance fee are standard. N52 card maintenance fee. Access bank also operate on a standard charge rate like UBA. But they don’t usually make those occasional charges made by UBA and that is a plus for them.

So when it comes to cost of maintaining account, both banks are on same level. They offer easy ways to maintain the bank account.

Number Of Savings And Current Account

Both Banks have numbers of Savings and Current Accounts that you can select from. Below are list of account from both Banks that meets the needs of every one

  • Evergreen Savings Account for the elderly.
  • Kid Savings Account for children below 16 years(and even unborn children)
  • Premium Savings Account.
  • Instant Savings Account.
  • Teen Savings Account(targeted at customers between the ages of 18 and 29).
  • Student Savings Account.
  • Target Savings Account.
  • Premiere Current Account.
  • Business Current Account.
  • Personal Current Account
Conclusion

While UBA might have a very good customer care and support system, they still need to work on network and other related technical issues. Access bank is currently the best choice when it comes to internet and transaction processing. This might change and this post will be updated with time as changes occur.

UBA and Access Bank are both good banks. But you can decide which you prefer to bank with. UBA provides an incredible customer care and support system. Access bank provide quick banking and fast transaction processing that is network problem free.

Posted by Russell

Between FirstBank And Access Bank Which One Is Better

Access Bank, Bank, Firstbank 0

Ever wanted to get a Nigerian Bank Account and you are confused as to which Nigerian Bank is good. Well in this article we’ll do a quick comparison between FirstBank and Access Bank to see which one is better.

Please note that this comparison is not meant to make any of Bank look bad. Both FirstBank and Access Bank are very good Nigeria Banks that provide wonderful services. There are some things you should take into consideration before you open an Account with any bank.

The comparisons will be from how easy it is to open a Bank Account in these banks. Their customer service and response rate. The mobile banking and internet banking among others.

Comparison Between FirstBank And Access Bank of Nigeria

To begin lets start with the different means of opening a Bank Account in both of these banks

Ways To Open Bank Account
Access Bank Nigeria

There are about 5 ways to open Bank Account with Access Bank of Nigeria. The ways are as listed below

  • Access Bank Mobile App
  • Through the internet using the Access Bank website
  • Using the Access Bank short code
  • Visit any Access Bank branch in Nigeria
FirstBank Nigeria

There are about 5 ways to open Bank Account with FirstBank of Nigeria. The ways are as listed below

  • FirstBank Mobile App
  • Through the internet using the FirstBank website
  • Using the FirstBank short code
  • Visit any FirstBank branch in Nigeria
Available Debit Cards For Customer

With Access Bank your Debit Card can be given to you with ease. Customers can have Debit Cards within a day to 7 days after applying for the Debit Cards.

FirstBank also have a very good system to issue Debit Cards. The best part of FirstBank is that they can give you a customized Debit Card. You can choose how you want your Card to look like and it will made available for you. This is an edge for customers who likes fancy Debit Cards.

Internet And Transaction Process

Access Bank holds the record of fast internet processing and transaction processing in Nigeria. They have good internet and online presence. Almost all processes and even loan application are fully automated.

FirstBank is yet to automate some of its process online. And they have relatively slow transaction process as it takes time to send Debit or Credit notifications most times.

We give this to Access Bank as they have upper hand when it comes to internet and transaction processing. This does not mean that FirstBank don’t have good transaction processing. It just means that Access Bank have a better transaction processing speed.

Making Cashless Withdrawals In Designated ATMs In Nigeria

It seems that both Access Bank and FirstBank currently supports this feature. You can make withdrawals from any ATM without your Debit Cards. This is the next generation of Withdrawals as only few banks supports this feature currently in Nigeria. You use This Link to read about how to set up your Account for Cashless Withdrawals.

Customer Care And Support System

We’ll have to give this to FirstBank of Nigeria. Although Access Bank have good online presence and good response rate, but the FirstBank customer support system is better. FirstBank even have the #YouFirst hashtag that they use on Twitter and Instagram to attend to its customers.

The FirstBank Customer support system respond to almost every complaints on Twitter. You can see the screenshot below to see response rate.

Firstbank Twitter

Cost Of Maintaining A Bank Account

Surprisingly the cost of banking with these two banks are relatively reasonable. For example, they both require a minimum of N5,000 to open a standard Current Account. Both Banks also allow for zero banking and maintenance fee for Debit Card is still  N52.

So when it comes to cost of maintaining account, both banks are on same level. They offer easy ways to maintain the bank account.

Number Of Savings And Current Account

Both Banks have numbers of Savings and Current Accounts that you can select from. Below are list of account from both Banks that fits the needs of every one

  1. Evergreen Savings Account for the elderly.
  2. Kid Savings Account for children below 16 years(and even unborn children)
  3. Premium Savings Account.
  4. Instant Savings Account
  5. Student Savings Account
  6. Target Savings Account
  7. Premiere Current Account
  8. Business Current Account
  9. Personal Current Account
Conclusion

If you need fast internet processing then Access bank is you best choice.  But if you prefer quick customer support then FirstBank is your best choice.

We’ll be drawing the curtain of comparison between FirstBank and Access Bank here today. This post will be updated from time to time as these banks make changes to their structures.

Posted by Russell

How To Make Money From Nigeria Banks With Ease

Access Bank, Bank, Diamond Bank, FCMB Bank, Fidelity Bank, Firstbank, GTBank, Polaris Bank, UBA Bank, Zenith Bank 0

Have you ever wondered if you could possibly make money from Nigeria Banks? Well at first glance it seems that Nigeria Banks only take money from you. But what if there are ways you could be making money from these Banks. Would like to give it a try and see if it will work for you.?

The primary purpose of banks is to take money from you and Nigeria Banks are pretty good in collecting your money. In fact it is easier to put your money in Nigeria Banks but getting it out is not that simple. Do you know that it requires little documents to open a bank account but more documents are needed for you to make withdrawals?

Amidst these saga is a simple but not often noticed mode, “Making money from Nigeria Banks”. Well i’m not telling you that you can just walk into any Nigeria Bank and ask for money you didn’t put there. But there are things you can do to get money from Nigeria Banks and we’ll give you some ideas in this article.

How To Make Money From Nigeria Banks

Below are some ways you can easily be making money from Nigeria Banks

  1. Participate in any Nigeria Bank promo
  2. Save more and earn more from Nigeria Banks
  3. Join in the Nigeria Bank weekly giveaways
  4. Follow them on social media and join in monthly raffle draws
  5. Refer customers using your referral ID and get paid
  6. Open a fixed deposit account

1. Participate In Any Nigeria Bank Promo: This is perhaps the best way to make money from any Nigeria Bank. Nigeria Banks are giving away millions of Naira every year win their promos. So if you want to make money from Nigeria Banks you have to keep a date with them and participate in these promos.

Recently, FirstBank, Fidelity Bank, UBA Bank and FCMB have all opened their website and announce their promo dates. Mntrends got you covered and brought details about these promos. Read more about these promos below

Read Also: How To Win 2 Million Naira In The FCMB Millionaire Promo
How To Win Over N1 Million Naira In The Fidelity Bank Loyalty Scheme
All You Should Know About Polaris Rainbow Savings Account
How To Win 1.25 Million Naira From FirstBank Of Nigeria
How To Make 1.5 Million With UBA Wise Savers Promo
How To Open An FCMB Bank Account Online With Ease

2. Save More and Earn More From Nigeria Banks: The power or the engine that keeps every bank alive is money. Hence Nigeria Banks encourage you to save money with them instead of withdrawing them. In a bid to make customers save more, Nigeria Banks offer higher interest rates for persons who didn’t make withdrawals four times a month.

So if you think participating in bank promos is too much of a task, then try leaving your money in bank. Well that should be easy if you have lots of cash or spare cash for use. Simply save more with your bank and earn more from them.

3. Join In Nigeria Banks Weekly Giveaways: Now this is one easy way to make money from Nigeria Banks.The best part of Nigeria Banks weekly giveaway is that other gifts are also up for grabs.

In their weekly giveaways, Nigeria Banks also give out phones, laptops, TV etc. FirstBank recently sponsored some of its customers to Dubai who were the winners of a giveaway organize by the bank. To participate in weekly giveaways, simply follow your bank on social media(Instagram, Twitter and Facebook).

4. Win Monthly Raffle Draws: Nigeria Banks are also organizing monthly raffle draws where customers could win from hundred of thousands to millions of Naira. To participate in these raffle draws you need to be active on social media like Twitter, Instagram and Facebook. You also need to be following your Bank on these platforms.

So get your mobile device to good use now. Posting pictures on Twitter, Instagram and Facebook is good but making some few extra bucks is way better. Post less pictures and videos, focus on getting something from your bank today.

5. Use Your Bank Referral ID: Although not currently available in all Nigeria Banks,but some Nigeria Banks pay its old customers for referring new customers. When filling FCMB bank account form online, you’ll be ask to present a customer referral ID. This ID is used to track and give a little something to your referral.

While the money paid to referrals might not be that much(we don’t actually know that in details) but nothing compares to free money. The likes of UBA and Access Bank also have this feature.

6. Open A Fixed Deposit Account: Earlier we stated that Banks function smoothly when there is money in the system. Hence they give more interest to persons who make less withdrawals monthly. Well, Fix Deposit Account is whole new ball game.

In fact persons with Fixed Deposit Account enjoy larger share of interest depending on the terms and conditions. So if you want to make money from your Bank try getting a fix deposit account and you’ll earn some extra cash at the end of the stipulated time.

So who said you can’t make money from Nigeria Banks. You can and you should consider getting something from them. Be active on social media, learn the habit of saving more and you’ll see how it all turns out.

Tell us your experience participating in any Nigeria Bank promo using the comment section below. Don’t hesitate to share our articles on Facebook and Twitter using the share button below.

Posted by Russell

All You Should Know About Payday Loan In Nigeria

Access Bank, Bank, Loans 1

Payday Loan is among the many types of Loans available to Nigerians. This type of loan is unlike the Home Loans, Vehicle Loans(Auto Loans) and Cooperate Loans. Payday Loans are however not very a very common type of Loan(most banks don’t give out such loans).
But this type of loan is very easy to secure and relatively easy to payback. In fact most payday loans are usually paid back within 30 days. Another goo reason why most people should consider this type of loan in Nigeria is that its an insecure loan.
In this article we’ll be talking about Payday Loans, its meaning, features, benefits, why you should get Payday Loans and where you can get a Payday loan.

What Is A Payday Loan

A Payday Loan is a short term insecure loan that is giving by financial institutions to workers(Salary earners). Payday Loans attracts higher interest rates as no collateral is needed and its relatively fast to get loan request approve.

Features of Payday Loans
  • No documentation required
  • There is no collateral required
  • Up to thirty one (31) days tenor
  • Can be applied and secured online without visiting any bank branch.
Benefits Of Payday Loans

There are lots of benefits associated with Payday loans and below are few of these benefits

Demerits of Payday Loans

Well the saying goes that the road won’t be smooth all through the journey and Payday Loans are not exception. Below are some downside of Payday Loans

  1. Usually attracts higher interest rates.
  2. Have the shortest payback time.
  3. Pressure to meet up with payment before deadline date.
  4. Leaves borrower with no little or no savings as salary might just be withdrawn by the end of the month.
  5. Have terms and conditions that must be followed strictly.
  6. Few banks and financial institutions gives this type of loan.
How To Secure A Payday Loan In Nigeria

The major bank offering this loan type in Nigeria is Access Bank. The Access Bank Payday Loan is one that Nigerians can make use of to get quick loans with ease. In our next article we’ll discuss the Access Bank Payday Loans in details.
To apply for a payday loan in Nigeria follow the steps below

  • Visit the Bank branch or Financial institution.
  • Fill the Loan form associated with/to Payday Loans.
  • Have a salary account with the Bank(Most banks will request this).
  • Link your BVN to all your bank accounts
  • Agree to other terms and conditions like interest rate, payback time etc.

Payday loans in Nigeria are relatively easy to get and its fast. You can consider getting one today. Understanding the Access Bank Payday Loan will be discuss next.Please use the share button to share our posts on Facebook and Twitter.

Posted by Russell

All you Should Know About Cooperate Banking In Nigeria

Access Bank, Bank, Diamond Bank, Fidelity Bank, Firstbank, GTBank, Mobile Banking, Polaris Bank, UBA Bank, US Banks, Zenith Bank 0

Cooperate Banking is a type of Banking offered by Nigeria Banks. Unlike Card Banking, Mobile Banking and Cardless Withdrawals, Cooperate Account Banking is more broad, more flexible and have more benefits to offer its holders.
There are lots of benefits to having a Cooperate Account in Nigeria. It is relatively easy to open and very easy to maintain. But somehow most people have not been making good use of this type of account.
Cooperate Banking is best suitable for SMEs and local business owners. It offers incredible benefits for business owners and SMEs. In this article Mntrends will introduce you to this type of account and it’s benefits.

What Is Cooperate Banking

Cooperate Banking is a type of Banking that is meant for SMEs and small business owners. This type of banking enables SMEs to have access to small business loans, internet banking and many more.

With the above in mind, having this type of account with Nigeria Banks will also aid grow your business. It exposes SMEs and business owners to business opportunities and other links them with other top business owner.

Benefits Of Cooperate Banking In Nigeria

There are lots of benefits to having this type of account in Nigeria. Below are few of these benefits.

  • Access to Loan to finance SMEs and for business owners to buy equipment for the business.
  • Varieties of Debit, Credit and Prepaid Cards.
  • The use of Naira and Dollar Cards.
  • Owners of this account type can trade outside the borders of their country with ease.
  • A good account type for business owners to manage their business account.
  • Internet Banking is activated to owners of this account type.
How To Open Cooperate Banking In Nigeria(Requirements)

To open this account type in Nigeria is relatively easy. You just need to get some paper work and documents to submit for approval.

  1. Business name registration approval or document(If you have a registered business business. This certificate is usually issued by CAC in Nigeria)
  2. A running a business for a period of time(Preferably years).
  3. Proof of business(including physical structures, products etc).
  4. Valid means of verification for persons opening this account type(International Passport, Voters Card, National Identification Number, Drivers license).
  5. Address verification.
  6. Details of business including number of employers(contract and full time workers).
  7. Read Also: The Future Is Safe With Access Bank Premiere Savings Account
  8. Differences And Similarities Between Diaspora And Domiciliary Account
  9. Understanding The Differences Between Checking and Savings Account
  10. Access Bank Smart Savings Account For Smart Savers

There are different types of Cooperate Banking available in Nigeria Banks. They all offer different types of features and benefits. In our subsequent articles we’ll try and bring you more details about the different types available.
SMEs and business owners should make use of Cooperate Banking to develop and grow their business. Now you know what Nigeria banks are offering to SMEs and Business owners you should consider getting this type of account.
Have any experience using this type of account, please tell us via the comment section below. Please use the Facebook and Twitter share button below to share our posts on social media.

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