Deposit Liability Products

Requirements for all Account opening:

• 1 passport photograph
• Valid Utility bill (within the last 3 months)
• Valid means of identification e.g. International passport , NIMC , Work ID, Driver’s license, voter’s card.
• Valid phone number
• Copies of CAC documents(Corporate)
• 2 references (all current accounts)
• Valid BVN, Tax Identification Number (TIN).
• Company search by the Bank
• KYC by account officers and customer service officer.

Personal Trust Savings Accounts (Regular)

• Account Opening of N1,000 (one thousand Naira)
• Minimum Balance of 500.00 (Five Hundred Naira)
• Interest Rate of 2.5% PA
• Subject to maximum of 3 withdrawals per month to earn interest.
• No third party withdrawal

Target Audience

• Traders and Artisans
• Apprentices and Business people
• Children and students

Premium Savings Account (PSA):

This product is designed to enable customers save towards specific projects or events with ease. The amount and frequency of deposit shall be at the discretion of the customer, but not less than N1000 per deposit.

PSA Features:

• Minimum Account Opening Balance is N15,000.00
• ATM Cards
• Interest Rate of 9% pa subject to maximum of 2 withdrawals monthly

Super Premium Savings Account (SPSA):

This product is designed to enable customers save towards specific projects or events with ease. The amount and frequency of deposit shall be at the discretion of the customer, but not less than N1000 per deposit.

SPSA Features:

• Minimum Opening Balance is 150,000.00
• Interest Rate is 15% with maximum of 2 withdrawals monthly
• ATM Cards

Current Account

• Account opening of N2,000 for individual and N10,000 for Corporate
• 2 references
• Copies of CAC documents for Corporate
• Daily /weekly/ monthly inflow and outflows in the accounts
• Cheque books, ATM cards
• Flexible withdrawals
• No COT
• Lodgements of cheques, transfers through our APP (PTMFB)