Good news to all Nigerians who find it difficult to open a Current account for long. We know you have tried different banks to open a current account, but you were unable to get a current account opened with your name.
It’s your interest to know that a current account is different from a savings account in diverse ways. A savings account is mainly for local transactions within a country, it cannot receive money (currency) from other country aside from your local currency.
Also savings account will enable you to receive interest gains on your all deposits in a monthly basis. On like a current account, you will be able to withdraw cash whenever you need it using your debit card, with the absence of a cheque book or a third party withdrawal. A current account can also receive other currency because it is been created to accept other currency i.e domiciliary account ($, €, £ etc).
How do I open a current account with any bank of my choice?
In this article, we will show you the easiest step or secret on how to successfully open a current account with any bank of your choice be it First Bank, GT bank, Access bank, UBA, Fidelity bank, Zenith bank, union bank, diamond bank, Eco bank, FCMB, Skye bank, Stanbic IBTC bank, sterling bank, keystone bank . Note that all the requirements for the current account opening in all banks are almost the same.
Requirements to open a current account
First requirement- A current passport photograph
Opening a current bank account requires a recent passport photograph of the account holder. The passport must be clear with all your facial features showing clearly. The passport could be in red or white background.
Second requirement– identity card
Opening a current account requires a valid identity card, these cards must be a highly recognized ID card that is acceptable in your country and also will be accepted outside your country. Example of an id required are National Identity Card, International Passport and Driver‘s license, Voter‘s card etc all these listed cards must be a permanent ID card.
Third requirement- Two referees
All current account opening needs at least 2 referees that have an active current account. These two referees are to ascertain that they know you and can attest the fact that you are well known to them and to safe guard the bank from section 3(2) of cheques act of 1934. Note– the bank advice you to reference the person know every well.
Fourth requirement- required amount
Different bank with different amount that is used in opening a current account i.e the account opening amount varies across different banks. Some bank requires a minimum of N100,000 or N50,000 while some take as low as N5,000 to open the account.
Now you have the required documents, proceed to any bank of your choice to pick up the form.
This is so easy now you have a current account.