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Account Opening
Product & Services - Account Opening
 
Individuals
 

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Account Opening Information
 
Please click on the headings below to view content:

Savings Account

Current Account Opening
 

Corporate Current Account Types

The different corporate current accounts and the documentation required are  listed below:

Corporate current account [for limited liability (Ltd) and public liability companies (PLC's)

Partnership Account

Non Governmental Organisation Account (NGO’S)

Sole Proprietorship / Enterprise Account
 

Other Types of Account

The other types of accounts opened at Zenith Bank are:

Individual Retirement Account

Call Deposit Account

Fixed Deposit Account

 

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Short Term Investment Fund "Bank" STIF Bank

Domiciliary Account

ZECA
 

Savings Account

Requirements
Identification of signatories (Driver's License or International Passport)
Two clear passport size photographs
   

Current Account

Requirements
bullet Account opening form duly completed. 
bullet Two specimen signature cards. 
bullet Two independent and satisfactory references. 
bullet
Two clear passport-size photographs of each signatory to the account. 
bullet
Photocopy of identification of signatories i.e. driver’s license or
  international passport) - originals to be sighted. 
bullet
Photocopy of public utility receipt - Tax clearance, NEPA Bills, water bills or telephone bills (originals to be sighted). 
bullet Residence permit (where applicable).
 
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Corporate current account [for limited liability (Ltd) and public liability companies (PLC's)]
Requirements
bullet Certificate of Incorporation 
bullet Memorandum and Articles of Association (certified true copy by the registrar of companies). 
bullet Form C07 - Particulars of Directors (Certified true copy) 
bullet
Board Resolution (if signatories differ from subscribers to the memorandum and articles of association) 
bullet Account opening form duly completed. 
bullet Two specimen signature cards. 
bullet Two independent and satisfactory references. 
bullet
Two clear passport-size photographs of each signatory to the account. 
bullet
Photocopy of identification of signatories i.e driver’s license or international passport) - originals to be sighted. 
bullet
Photocopy of public utility receipt - Tax clearance, NEPA Bills, water bills or telephone bills (originals to be sighted). 
bullet Residence permit (where applicable).
 
Partnership Accounts
Requirements
bullet
Certificate of Registration of a business name (certified true copy) 
bullet Application for registration of a business name (certified true copy). 
 
Non Governmental Organisation Account (NGO’S)
Requirements
bullet Copy of the Charter/Memorandum and Article of Association of the NGO. 
bullet A copy of the resolution of the Principal/Executive Officer of the NGO to open the account with the Bank.
 
Sole Proprietorship / Enterprise Account
Requirements
bullet Certificate of Registration of a business name (certified true copy) 
bullet Application for registration of a business name (certified true copy). 
 
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Individual Retirement Account
Individual Retirement account is a Savings Account with a higher interest rate. It is an Investment instrument to build up adequate financial resources for use in retirement or as protection for close relations in the event of the unexpected. With an Individual retirement account, withdrawal is subject to a maximum of 2 times within a 30-day period. Any amount can be deposited at any time after establishment of account.
 
Requirements
bullet Opening a Savings Account
bullet Minimum Initial deposit is N50, 000
 
Call Deposit Account
Call Deposit Account is also known as "Flexible Short Term Investment Fund" Flexible STIF. It is the most flexible and accessible money market product. It yields lower than STIF and the tenor is 24hrs (1 day) notice. The requirements for opening a call deposit account include:
 
Requirements
bullet Opening a Current Account
bullet Initial deposit of N100, 000 and above
 
Fixed Deposit
Fixed Deposit Account is also known as "Short Term Investment Fund" STIF. It is a short term money market investment product. The tenor varies from 30 days to 180 days. The requirements for opening a fixed deposit account include:
 
Requirements
bullet Opening a Current Account
bullet Initial deposit of N100, 000 and above
 
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Short Term Investment Fund "Bank" STIF Bank

This is a money market product for high networth customers. It has a withholding tax exempt. Its tenor varies from 30- 180 days.

The requirements for the STIF Bank include
bullet Opening a Current Account
bullet Initial deposit of N500, 000 and above
 
Domiciliary Account
Please call our foreign exchange department at: 4618351, 2617128, 4618301, 2620727, 2610249, 4618311 ext 194  for information on opening a domiciliary account.
 
ZECA
Zenith childrens account is a special deposit product geared towards your childrens/wards education and bright future. ZECA is more than regular savings account. It offers a lot of benefits for both parents and account holders.
 
Features
bullet Age qualification is within the range of 0 -16 yrs.
bullet Initial deposit of N25, 000 for non customers and N10, 000 for existing customers of the bank.
bullet Minimum balance of N50, 000. Withdrawal is one per quarter.
bullet SO's (Standing Order) for school fees payment.
bullet Withdrawal from any of our branches nationwide.
bullet Access to e-banking facilities to ease transaction.
bullet Balances can be viewed online real-time.
bullet Access to e-banking facilities.
 
Benefits
bullet Special end of year children's gifts.
bullet Interest rate higher than regular savings account.
bullet
Access to investment and portfolio management services at concessionary charges.
bullet It can be used as a loan collateral.
 
 
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