Frequently Asked Questions : Mpower Biz Account
|Product Features||Mpower Biz Classic||MPower Biz Gold||MPower Biz Platinum|
|Minimum daily balance||N20,000||N50,000||N250,000|
|COT||Zero (0)||Zero (0)||Zero (0)|
|Monthly maintenance charge||N1,000||N5,000||N7,500|
|Sanctions for Default||
Default account maintenance fee of N1/mille will be charged for all debit withdrawals on the account within the month in which the default occurred.
|Mpower Biz Classic||0.5%|
|Mpower Biz Gold||0.1%|
|Mpower Biz Platinum||0.1%|
Yes. This can be done via a board resolution signed by all the signatories to the account.
Yes. Customers willing to possess more than one MPower Biz account can do so.