Our people-centred business approach has enabled us to provide you with the exact type of account that suits your personal and/or your business needs, regardless of your age, gender or socio-economic standing.

Ignite your relationship with us by selecting an account type to get the requirements for opening.

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  • SAVINGS ACCOUNT

    This is a generic account designed for holders desirous of saving towards future financial security. Interest accrues on account balance, subject to maximum number of withdrawals within a specified period, usually one month.

    Requirements

    • Duly completed Account Opening Form
    • 2 Passport Photographs
    • Valid means of Identification (National I.d. Card, Driving Licence, Voter’s Card or International Passport)
    • Valid Utility Bill-Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate)
    • Bio Data form: Know Your Customer Requirement
  • INDIVIDUAL CURRENT ACCOUNT

    This is a generic account which allows individuals to effect withdrawals by use of cheques that are payable on demand. Also known as Demand Deposit account, it is non-interest bearing.

    Requirements

    • Duly completed Account Opening Form
    • 2 Passport Photographs
    • Valid means of Identification (National I.d. Card, Driving Licence, Voter’s Card or International Passport)
    • 2 References (Must not be salary account and must be at least 6mths old)
    • Valid Utility Bill- Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate)
    • Bio Data form: Know Your Customer Requirement Resident Permit(for Non-Nigerians)
  • JOINT ACCOUNT

    This is a type of current account operated by two or more individuals. Each Account holder can effect transactions on the account, in accordance with specified account mandate requirements

    Requirements

    • Duly completed Account Opening Form 
    • 2 Passport Photographs of Each Signatory 
    • Valid means of Identification for each Signatory 
    • Two Reference Forms 
    • Valid Utility Bill-Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate) 
    • Bio Data form: Know Your Customer Requirement 
    • Resident Permit(for Non-Nigerians)
    • Operating Instructions
  • CORPORATE ACCOUNT

    This is a generic type of current account operated by corporate entities.

    Requirements

    • Duly completed Account Opening Form 
    • 2 Passport Photographs for each signatory 
    • Valid means of Identification 
    • Two Reference Forms 
    • Valid Utility Bill-Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate) 
    • Certificate of Incorporation 
    • Memo & Article of Association (CTC-Certified True Copy by Registrar) 
    • Board Resolution to open account 
    • Form C07-CTC (Particulars of directors) 
    • Form C02-CTC (Allotment of shares) 
    • Search Report (Conducted by the bank) 
    • Indemnity/letter of Set-off 
    • Bio Data form: Know Your Customer Requirement 
    • Tax Identification Number 
    • Evidence of SCUML Registration (where applicable)
    • Resident Permit (for Non-Nigerians)
  • SOLE PROPRIETORSHIP ACCOUNT

    A low transaction volume account designed for small and registered business entities, owned and run by single individuals, with no legal distinction between the owner and the business.

    Requirements

    • Duly completed Account Opening Form 
    • Two Passport Photographs of each signatory 
    • Valid Identification of Signatory 
    • Two Reference Forms 
    • Valid Utility Bill-Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate) 
    • Certificate of Business Registration 
    • Copy of Proprietors List
    • Resident Permit(For Non-Nigerian) 
    • Mandate Card[/item] 
    • Search Report (Conducted by the bank) 
    • Indemnity/Letter of Set-Off 
    • Bio Data form: Know Your Customer Requirement 
    • Tax Identification Number
    • Evidence of SCUML Registration
  • NON-PROFIT ORGANIZATION

    Accounts opened by registered non-profit making entities, with a minimum of two signatories mandated to operate it, in addition to their specific constitutional requirements.

    Requirements

    • Duly completed Account Opening Form Mandate Cards 
    • Certified True Copy of Certificate of Registration Operating Instruction 
    • 2 Passport Photograph of each Signatory 
    • Valid Identification of Signatories 
    • Valid Utility bill-Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate) 
    • Constitution of the club/society 
    • Resident Permit(for Non-Nigerians) 
    • Minutes of meeting which specify where the Account should be opened 
    • Certified True Copy of Particulars of Trustees(If Applicable) 
    • Bio Data form: Know Your Customer Requirement 
    • Board of Trustees Resolution to open account 
    • 2 Reference Forms Power of Attorney (where applicable) 
    • Search Report (If Registered- conducted by the bank) 
    • Evidence of SCUML registration (where applicable)
  • GOVERNMENT ACCOUNT

    Accounts designed for Government-owned entities, whose activities may be commercial or otherwise.

    Requirements

    • Duly completed Account Opening Form 
    • Completed Signature Cards 
    • Passport Photographs of Signatories 
    • Valid means of Identification 
    • Letter of Authorization from Accountant General/ Executive Council 
    • Resolution or Treasurer of Local Government Council (for Local Government) 
    • Copy of Enabling Act/decree or Certificate of Incorporation(where Applicable) 
    • Memorandum & Article of Association 
    • Form C07 
    • Copy of Financial Regulation(Copy of Gazette establishing the Ministry/Department/Agency-Where applicable) 
    • Bio Data form: Know Your Customer Requirement 
    • Mandate forms countersigned by AGF or SAG (State Accountant General) 
    • Completed mandate signed by the Chief Executive of the Ministry/Department 
    • Operating instructions
  • ESTATE ACCOUNT

    An account opened in the name of an estate of a deceased person by a representative of the estate, usually referred to as an executor/administrator.

    Requirements

    • Duly completed Account Opening Form Mandate Cards
    • 2 Passport Photograph of each Signatory
    • Letter of Administration nominating the Next of Kin (probate letter)
    • Copies of Death Certificate of the Deceased
    • Bio Data form: Know Your Customer Requirement
    • All other requirements for an Individual Current Account
  • DOMICILIARY ACCOUNT

    A foreign currency denominated account designed for both individuals and corporate entities. Account can be funded through cash deposits, inflows and foreign cheques in the defined currency (Usually U.S Dollars, Euros and Pound Sterling), while cash withdrawals and funds transfers are permissible.

    Requirements

    • Shall be as stated for Current Account
    • Account Opening Form
    • 2 Passport Photographs
    • Valid means of Identification
    • Valid Utility Bill-Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate)
    • Board Resolution (If Corporate)
    • Form C02 (If Corporate)
    • Form C07 (If Corporate)
    • Two Reference Forms (Where no current account exists)
    • Bio Data form: Know Your Customer Requirement
    • Resident Permit (For Non-Nigerians)
    • Search Report (If Corporate- conducted by the bank)
  • FINANCIAL INSTITUTIONS

    Accounts operated by entities engaged in the activities of acceptance of deposits and other repayable funds from the public, lending, transfer of money or value, financial leasing, etc.

    Requirements

    • Duly completed Account Opening Form Mandate Cards 
    • Two Passport Photographs of each Signatory 
    • Valid Utility Bill-Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate) 
    • Valid Means of Identification for each Signatory 
    • Form C02 
    • Form C07 
    • Certificate of Incorporation 
    • Memorandum and Article Of Association 
    • Bio Data form: Know Your Customer Requirement 
    • Board Resolution Search Report 
    • Operating License from Regulator 
    • Two Reference forms 
    • Tax Identification Number
  • BUD ACCOUNT (for Children & Youth)

    A generic account opened on behalf of a child (usually under the age of 18 years) by a custodian, who may be one of the child’s parents or guardian.

    Requirements

    • Duly completed Account Opening Form
    • Birth Certificate of Child or International Passport
    • Valid means of Identification for Parent /Guardian
    • Two Passport Photographs of Both Child and Parent/ Guardian
    • Bio Data form: Know Your Customer Requirement
    • Resident Permit(For Non-Nigerians)
    • Valid Utility Bill of Parent/Guardian-Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate)

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  • EDUCATION ACCOUNTS/ SCHOOLS/ COLLEGES/ TERTIARY INSTITUTIONS

    A corporate current account designed for institutions of learning. Requirements All documents necessary for opening a Corporate Account will be required, in Addition to the following:

    • Copy of approval from National University Commission/ Relevant Government approval from Ministry Of Education
    • Letter from the Bursar/Accounts Office
    • Certificate of Incorporation (Where applicable)

    For departments in the School/College/University, the following will be required:

    • A letter from the Head of the Faculty/Department Constitution of Department
    • Extract of minutes of meeting in respect of banking relationship
    • Two Reference forms
  • PARTNERSHIP ACCOUNT

    An account designed for unincorporated business entities, registered as partnership business, owned and managed by two or more persons with equal responsibility for profits, losses, assets and liabilities.

    Requirements

    • Duly completed Account Opening Form 
    • 2 Passport Photographs for each signatory 
    • Copy of Certificate of Business Registration 
    • Form CO2 
    • Valid means of Identification for each Signatory 
    • Memo & Article of Association/Partnership Deed 
    • Two Reference Forms 
    • Board Resolution to open account 
    • Valid Utility Bill 
    • Search Report (Conducted by the bank) 
    • Bio Data form: Know Your Customer Requirement 
    • Operating Instructions 
    • Evidence of SCUML Registration 
    • Tax Identification Number 
    • Membership certificate of professional body (if any) 
    • Entry interview sheet 
    • Status inquiry instituted (where applicable)
    • Visitation Report
    • Residence permit (Expatriates)
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