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 |
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
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