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Current Accounts

A cheque issuing product designed to meet the needs of customers who want to issue cheques to third party and also enjoy the flexibility the product affords.

Target Market

  • Individual & Joint Corporate bodies
  • Partnerships
  • Trustees, Executors & Administrators
  • Associations, Societies & Clubs
  • Non- profit organizations & Religious Institutions
  • Government Ministries & Parastatals

Product Features

  • Flexible opening balance
  • Cash/cheque lodgment and payment
  • Clearing of banking and financial instruments.
  • Withdrawals on demand.
  • Monthly statements of accounts (By Email or Surface Mail)
  • COT charged according to bankers tariff

Product Benefits

  • ATM card
  • Internet banking access & SMS alert (On Request)
  • Availability of COT Concessions for large turnover.
  • Interest payment on minimum balance to be determined by the Banks\' management
  • Facilitates transfer of funds
  • Ease of payments
  • Cheque book issued in the name of the account
  • Availability of Overdraft/Loan facility on application
  • Availability of Business & Personal Travel Allowance (Conditions apply)

PRODUCT REQUIREMENTS

Individual

The required documents for Individual Accounts include the following:

a) Account opening form duly completed.

b) One (1) specimen signature cards duly completed by the applicant.

c) Two (2) reference forms duly completed by independent referees. Referees must not be spouses or relations of the applicant.

d) Two (2) passport-size photographs of the applicant with the name of the applicant written on the reverse.

e) A Copy of residence permit for a foreigner (original to be sighted).

f) Identification in the form of either a valid National ID card, valid International passport or valid National Driving License (any of which must carry holder\'s photograph and signature) Employer\'s Identity Card carrying the applicants\' names, signature and photograph in case of a salary account.

g) In case a prospective customer does not have any of the above, a guarantor who must be a UnityBank Current account customer can identify him.

h) Letter of introduction from Employer in case of a salary account. This must be verified along with the identification card.

i) Receipts/evidence of payment of water rates, electricity bills or telephone bills [in the name of the prospective customer(s)] for the preceding 3 months. Where the bills are not in the name of the prospect, obtain evidence of contract between the owner and the prospect.

Corporate Account

The required documents for corporate accounts include the following:

a) Account Opening Form duly completed.

b) One specimen signature cards duly completed by each signatory to the account. (Signatories to sign these cards in the presence of an officer of the Bank).

c) Two independent and satisfactory references. This could either be internal (i.e. UnityBank customer) or from other Banks. The external customer must be adjudged suitable. On the other hand, internal reference must meet the following criteria: i. The account holder must not be a staff of the Bank. ii. The account must be a current account (corporate or individual) iii. The account must not be dormant. iv. The account must have complied fully with KYC (Know Your Customer) requirements.

d) Two (2) passports –size photographs of each signatory to the account, with their names written on the reverse.

e) All the signatories of the company must provide satisfactory evidence of Identity in the form of a valid National ID card, valid International passport or valid National Driving License (any of which must carry holder's photograph and signature).

f) Board Resolution on the company letter headed paper must be obtained.

g) A copy of Certificate of Incorporation (Original to be sighted). h) A copy of Memorandum and Articles of Association. (Original to be sighted).

i) A copy of Form C07 Particulars of Directors –certified by the Registrar of Companies within the preceding three (3) months (original to be sighted).

j) Authority to debit the account for search fees.

Sole Proprietorship Accounts

The documentations required for sole proprietorship accounts include the following:

a) Account Opening Form duly completed by the Sole Proprietor.

b) One (1) specimen signature cards duly completed by the Sole Proprietor.

c) Two (2)-reference forms duly completed by independent referees. This could either be internal (i.e. UnityBank customer) or from other Banks. The external customer must be adjudged suitable. On the other hand, internal reference must meet the following criteria:

  • i. The account holder must not be a staff of the bank.
  • ii. The account must be a current account (corporate or individual)
  • iii. The account must not be dormant.
  • iv. The account must have complied fully with KYC requirements
  • v. Referees must not be spouses or relations of the Sole Proprietor.

d) Two (2) passports photographs of the sole proprietor with the name to the sole proprietor written on the reverse.

e) Identification in the form of a valid National ID card, valid International passport or valid National Driving License (any of which must carry holder's photograph and signature).

f) Sole Proprietor's receipts/evidence of payment of water rates, electricity bills or telephone bills in the preceding three (3) months.

g) Certificate of Registration of the Business. h) Form for application for registration of Business name.

i) Authority to debit account with search fees

Partnership Account

The required documents for opening partnership accounts include the following:

a) Account opening form duly completed by all the partners.

b) One (1) specimen signature cards duly completed by the partners.

c) Two (2) reference forms duly completed by independent referees. Referees must not be spouses or relations of the partners.

d) Two (2) passport-size photographs of each partner with the name of each partner written on the reverse.

e) A residence permit (where applicable) original to be sighted.

f) Identification in the form of a valid National ID card, valid International passport or valid National Driving License (any of which must carry holder's photograph and signature).

g) Partners' receipts/evidence of payment of water rates, electricity bills or telephone bills for the preceding 3 months.

h) Certificate of Registration of the partnership. i) Deed of Partnership as applicable. j) Authority to debit account with search fees.

Clubs, Societies, Religious Organizations, NGOs e.t.c

a) Account opening form duly completed

b) One (1) specimen signature cards duly completed by each signatory.

c) Two (2) reference forms duly completed by independent referees. Referees for each of the Trustees must not be spouses or relations of the Trustees. This could either be internal (That is, an existing Bank customer) or from other Banks. The external customer must be adjudged suitable. On the other hand, internal reference must meet the following criteria:

  • i. The account holder must not be a staff of the bank.
  • ii. The account must be a current account (corporate or individual)
  • iii. The account must not be dormant.
  • iv. The account must have complied fully with KYC requirements.

d) Two (2) passport-size photographs of all the signatories with the names written on the reverse.

e) Identification of each of the Principal Officers in the form of either a valid National ID Card , International passport or valid National Driving License (Showing the trustee\'s name, signature and photograph).

f) Receipts/evidence of payment of water rates, electricity bills or telephone bills, for the preceding 3 months for all the Trustees.

g) Written identification by an existing UnityBank Plc current account holder (preferably in the branch where the account will be operated if available) for Religious organization (Mosque).

h) Certified True copies of Rules/Constitution of the Association (Bye Laws of the association) i) Certificate of Registration of the Association j) Authority to debit the account for Search Fees.

Trustee Account

a) Account opening form duly completed.

b) One (1) specimen signature cards duly completed by each signatory.

c) Two (2) reference forms duly completed by independent referees for the account holders. Referees for each of the Trustees must not be spouses or relations of the account holder.

d) Two (2) passport-size photographs of all the signatories to the account.

e) Residence permit (where applicable) original to be sighted.

f) Identification of each of the account holders in the form of a valid National ID Card, valid International passport or valid National Driving License.

g) Grant of probate, letter of administration, trusts deed (whichever is applicable).

h) Authority to debit the account for Search Fees.

You can easily link your BVN to your account

 click-here

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