The FCMB Personal Business (Current) Account is designed solely for individuals who are not willing to pay account maintenance but would not mind a fixed flat fee per month.

Why choose the Personal Business Account?

• Opening balance is N5,000
• Account can be operated as either an individual or a joint account
• Maximum monthly fee is N1,500 only, irrespective of  turnover

Categories	Monthly Turnover	Fixed Monthly Fees
A	No debit Turnover	NIL
B	Less than 500,000	N1/MILLE
C	N500,000 – N2,000,000	N500
D	ABOVE N2,000,000	N1,500

• Free SMS alert
• Higher transfer limits on internet banking
• No minimium balance required
• Unlimited withdrawals allowed
• Access to virtual POS for payments.

Benefits of the Personal Business Account?

• Low entry (account opening) amount of N5,000.
• ‘Bigger is better’: Irrespective of monthly debit turnover, maximum monthly fee remains N1, 500.
• The more transactions/turnover, the more you save from account maintenance.
• NO DEBIT TURNOVER, NO CHARGE

FAQS

What type of account is the Personal Business Account?

• It is a full-fledged current account

Does this mean I can pay in cheques/dividend warrants?

• Yes. A personalized cheque book will also be issued to you that can go for clearing and also enable you transact.

What alternate channel transactions are available with this account?

• Access to an instant debit card(MasterCard, Visa or Verve) for both local and international transactions
• Online banking with higher transfer limits from any location at your convenience
• Mobile banking transactions from any national GSM phone network to all registered financial institution in Nigeria

What does the Insurance Cover?

• Cover protects the trader's stock for Fire & Special Perils, specifics listed below;
• Fire, Lightning & Explosions
• Storm, Tempest, flood, wind & Hailstorm
• Earthquake, Subterranean fire, Land Subsidence & Tornado
• Aircraft & other Aerial devices dropped from above. Bursting or overflowing of water tanks causing damage to the property
• *Customer benefit is the average of last 6 months turnover subject to a maximum of ₦1,000,000.

How do I claim the Insurance Benefit?

• Customer notifies of the occurrence of fire, flood, etc. at the business premises.
• Your Account officer/CSM logs an incident with the Bancassurance Unit on IMS & requests claim, stating the customer’s details & attaching the following requirements:
  • Client's details, including average monthly turnover for 6 months
  • Client's written statement of loss.
  • Photographs of the scene of loss
  • Eyewitness report
  • Fire Brigade report
  • Stock records (where available)