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
  • Get up to N1,000,000 insurance


Categories Monthly Turnover Fixed Monthly Fees


No debit Turnover



Less than 500,000



N500,000 – N2,000,000



ABOVE N2,000,000



  • 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.



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

Who is the Personal Business Account targeted at?

  • Traders
  • Professionals in other segments
  • Individuals who desire reduced/balanced transaction fees

What do I require to open Personal Business Account?

In order to open a Personal Business Account, you must be a minimum of 18 years-old and provide the following:

  • Proof of identification such as an original passport, driver's licence, national ID cards or Voter card
  • A copy of a recent receipt from any public utilities or private telephone operator not later than three months
  • A copy of residence or work permit for foreign customers
  • Two passport photograph of each authorized signatory (stating the name on the reverse side)
  • 2 reference forms