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.)