New-life Savings Account

This is a savings account that allows unlimited deposits and withdrawals, for customers with complete standard account opening requirements. Target market includes Civil servants, Workers, Artisans, Self-employed individuals, Entrepreneurs, Stay at home mums/dads etc.

Features / Benefits

  • Zero account opening and operating balance
  • Default savings interest rate of 1.15%
  • Maximum of 4 withdrawals monthly; Interest forfeiture if withdrawal exceeds four (4) times a month
  • Debit card issuance
  • Non-clearing cheque book on request
  • Lodgement of cheques/dividend warrants of up to N2million; For cheques above N2million, references will be provided
  • Access to e-channel platforms
  • Account can be opened online

Account Opening Documentation

  • Account opening form
  • Signature mandate card
  • 1 passport photograph
  • Resident permit (for expatriates)
  • Premises visitation report
  • Bank Verification Number (BVN) of Applicant
  • Valid means of identification (Int'l passport,
  • Driver’s license, National ID, Voter’s card)
  • Proof of address (PHCN, Water bill, Waste disposal bill, tenement, etc.)
  • Two References (for cheques above N2million)
CapitalMetriQ New-Life Savings Account