We’ve learned to work closely with our women
to nurture the true foundation of
wealth creation

PowerBase logo
PowerBase: Banking for Women
Nigeria's Population
Financially Excluded Nigerian Adults
Financially Excluded Women
Financially Excluded Women in Rural Areas

83million adult Nigerians are currently excluded from the financial system, (half of which are women with 80% residing in the rural areas). We want to change that. So we’ve learned to work closely with our women to nurture the true foundation of wealth creation, and give our future the power it deserves.

woman in green silk and turban

PowerBase is Heritage Bank’s gender inclusion product.

And it is aimed at achieving economic growth through gender empowerment/ affirmation by providing convenient banking for women (professional and businesswomen) everywhere.

It is not a mere product,

…rather a proposition that combines financial services with access to information, education, and networking opportunities.


  • Opening balance of N1,000
  • Cash back reward on referrals. PowerBase account holders who refer other women receive commission on N10,000 minimum average monthly balance maintained by each referred client (Commission capped).
  • Up to N50,000 uncollaterized overdraft eligibility after 6 months of actively running account (applicant must belong to a recognized Association/ Co-operative Society. Other terms & conditions apply)
  • Access to periodic financial education sessions


  • Opening/minimum balance of N50,000
  • Access to 60% of the N220billion CBN MSMEDF set aside for women entrepreneurs.
  • Interest on CBN/MSME loan – 9%
  • Customized debit card option.
  • Access to e-payment channels.
  • Discounts from partner stores/businesses.
  • Cash back reward on referrals (T & C apply)


  • Completed account opening form (refer-a-friend card inclusive)
  • N50,000 minimum opening/operating balance (Current Account)
  • N1,000 minimum opening/operating balance (Savings Account)
  • Passport photograph
  • Valid means of identification
  • Utility bill
  • KYC/Premises Visitation
  • References
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