What is required to open an account ?
 

• For individuals:

1. Proof of Identity-
    -Valid passport / Temporary travel document with passport receipt
    -Valid drivers’ licence
    -If a minor passport to be accompanied by that of the parent or guardian.

2. Proof of residential address-
    -Affidavit from the Chief
    -Water bill or
    -Electricity bill
    -Bank account statement not older than two months
    -Letter from the employer, on letterhead.
    -Letter from employer coupled with utility bill (for domestic workers)

3. Source of income-
    -Pay slip
    -Affidavit from the Chief
    -Admission letter for students
 

• For Companies:

1  -Name of Company
    -Certificate of Incorporation, Memorandum and Articles of Association
    -Partnership deed
    -Proof of domicilary e.g utility bill

2  -Names of Directors and their addresses
    -Power of Attorney to prove authority to transact
    -Valid identity documents of partners.
    -Resolution of the Board to open an account and identity documents of authorized person

3  -Postal and Physical Address of Company
    -Telephone and fax numbers

4  -Tax registration certificate

5  -Traders license

6  -Any other information which provides customer information which the bank may deem fit.
 

• For Partnerships:

1  -Name of Partnership
    -Registration Certificate
    -Partnership deed
    -Proof of domicilary e.g utility bill

2  -Names of Partners and their Addresses-
    -Power of Attorney to prove authority to transact
    -Valid identity documents of partners.

3  -Postal and Physical Address of Partnership
    -Telephone and fax numbers

4  -Tax registration certificate

5  -Traders license

6  -Any other information which provides customer information which the bank may deem fit.
 

• For Trusts and Foundations:

1  -Name of Trust
    -Certificate of registration
    -Deed or any founding documents

2  -Names, addresses of trustees and signatories and directors
    -ID documents of the trustees, signatories, founders, managers, directors and beneficial owners
    -Resolution of the managing body of the founding association
    -Power of Attorney to transact

3  -Postal and Physical Address
    -Telephone and fax numbers of beneficial owner

4  -Tax Registration Certificate

5  -Any other information deemed to provide satisfactory customer information
 

• Correspondent Banks:

1  -Name of the bank-
    -Banking licence

2  -Postal and physical address-
    -Board resolution
    -Telephone and fax numbers
    -Regulators letter confirming issuance of banking licence.
 

• Registered Co-operatives, Associations and Societies:

1  -Name of Cooperative, Association, Society
    -Registration Certificate
    -Proof of domicilary e.g utility bill, affidavit from chief

2  -Names of account operating members and their Addresses-
    -Resolution to prove authority to transact
    -Valid identity documents of partners.

3  -Postal and Physical Address-
    -Telephone and fax numbers

4  -Any other information which provides customer information which the bank may deem fit.

• Unregistered Co-operatives, Associations and Societies:

1  -Name of Cooperative, Association, Society
    -Affidavit from chief

2  -Names of account operating members and their Addresses
    -Resolution to prove authority to transact
    -Valid identity documents of partners.

3  -Postal and Physical Address
    -Telephone and fax numbers

4  -Any other information which provides customer information which the bank may deem fit.