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Prestige Current Account – Business 2017-12-12T11:36:29+00:00

Prestige Current Account – Business

Special Current Account

If you get a special current account; your company deserves one too. PCA-Business is not for every business but for select corporate organizations. It offers a comprehensive suite of products and services that your business needs.

  • Opening balance of N500,000
  • Minimum daily operating balance of N500,000
  • Monthly debit turnover (i.e. monthly withdrawals) should not exceed N20 million
  • Zero Account maintenance fee if minimum operating balance and maximum debit turnover is maintained.
  • Interest of 1%p. a is paid on account balance
  • Zero commission on purchase of Personal Travel Allowance
  • Personalized cheque book (1st booklet issued free of charge)
  • Earns interest on account balance
  • Exempted from Account maintenance charges subject to minimum daily operating balance and maximum debit turnover requirement
  • No debit turnover restriction & no number of withdrawals limit per month
  • Receives Transaction Alerts through SMS and/or e-mail
  • When in default of Minimum Operating Balance, the following penalties apply:
S/N DEFAULT PENALTIES
1 Min Operating Balance
  • Charge of N1/mille on ALL transactions for the month
  • Loss of Interest earned for the month
2 Max Debit Turnover
  • Charge of N1/mille on ALL transactions for the month
  • Loss of Interest earned for the month
3 Both (1) and (2)
  • Charge of N1/mille on ALL transactions for the month
  • Loss of Interest earned for the month
  • Duly completed account opening form including signature mandate card
  • Business/Company registration documents (e.g. Partnership agreement, business name registration certificate, certificate of incorporation; as applicable to business type)
  • Copy of National ID card, Driver’s License, International
  • Passport or Voters Card
  • 2 references
  • BVN of signatories
  • 1 passport photographs of each account signatory
  • Memorandum and articles of association; copy of forms CO2 & CO7; resolution of the board of directors to open account (where applicable
  • Evidence of registration with Special Control Unit on Money Laundering of Federal Ministry of Trade and Investment (where applicable)
  • Provision of Tax Identification Number(TIN)
  • Search Report
  • Copy of a utility bill (water, waste, electricity, or telephone bill) issued within the last three months’
  • Visitation report signed by the Relationship Manager (RM) with the concurrence of the Business Development Manager (BDM)
  • KYC
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