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Instant Savings Account

Enjoy a savings account without hassles.

Open an account now
An instant Savings Account is just that - instant. No long queues, no multiple forms for you to fill. All you need to start and enjoy a savings account is just a passport photograph.
Features
INSTANT SAVINGS 1INSTANT SAVINGS 2
No minimum opening balanceNo minimum opening balance
Account details can be uploaded via our contact center, branch or website.Account details can be uploaded via our contact center, branch or website.
Issuance of Verve cards (only)Issuance of Verve cards (only)
Interest rate of 4.95% p.a. (per annum)Interest rate of 4.95% p.a. (per annum)
Maximum single deposit-N50,000Maximum single deposit-N100,000
Maximum cumulative balance-N300,000Maximum cumulative balance-N500,000
Transactions are limited to NigeriaTransactions are limited to Nigeria

Benefits to the Customer

  • Convenient & flexible account opening requirements.
  • Account can be opened via contact center, website or in the branch.
  • The account makes accountholder to be financially-included.
  • No monthly maintenance charge on the account.
  • Provides account information updates via SMS/Email alerts.
  • Access to cash anytime, anywhere with debit cards on ATMs
  • Use of Verve debit cards on POS terminals
Requirements
INSTANT SAVINGS 1INSTANT SAVINGS 2
Duly completed account opening form including signature mandate sectionDuly completed account opening form including signature mandate section
1 passport photograph1 passport photograph
Means of identification not requiredMeans of identification required (secondary ID allowed: any verifiable ID e.g. Association ID, student ID)
- Address verification not required
- BVN of signatory(ies)
- AML risk assessment
- KYC Documentation of the customer
- Valid proof of residence
- Visitation report
- BVN of signatory(ies)
- AML risk assessment
Customer data verification not requiredCustomer data to be verified with NIMC, INEC, FRSC and others where applicable.

Open an Instant Savings Account

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