Community Savings Account

CapitalMetriq Community Savings Account is targeted at unregistered entities with banking needs i.e., Associations, Clubs, Societies, Church groups, Mosque groups, Estates (Residential) etc.

Features / Benefits

  • Minimum opening and operating balance of N2,000
  • Default savings interest rate of 2%
  • Maximum of 3 withdrawals monthly; Interest forfeiture if withdrawal exceeds three (3) times in a month
  • Zero Account Management Charge
  • Non-Clearing cheque book available on request
  • Access to e-channel platforms

Account Opening Documentation

  • Account opening form
  • 1 recent passport photograph of each account signatory
  • Valid means of identification of signatories (Int'l passport, Driver’s license, National ID, Voters card)
  • Resident permit (for expatriates)
  • Copy of Constitution/Rules and Regulations/Bye Laws (where applicable)
  • Letter of Resolution by the Board of Trustees to open account or Copy of recently adopted minutes of meeting
  • Premises visitation report
  • Power of Attorney (where applicable)
  • Proof of address “Current” (PHCN, Water bill, Waste disposal bill, tenement etc.)
CapitalMetriQ Community Savings Account