Access Bank Savings Account Opening
An instant savings account offers instantaneous savings; no long lines and multiple forms are necessary; all it takes to open and utilize one is a passport photo.
Features
| INSTANT SAVINGS 1 | INSTANT SAVINGS 2 |
|---|---|
| NGN1,000 minimum account opening balance | NGN1,000 minimum account 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 6.825% p.a. (per annum) | Interest rate of 6.825% p.a. (per annum) |
| Maximum single deposit: N50,000 | Maximum single deposit: N100,000 |
| Maximum cumulative balance: N300,000 | Maximum cumulative balance: N500,000 |
| Transactions are limited to Nigeria | Transactions are limited to Nigeria |
Benefits to the Customer
- Convenient & flexible account opening requirements.
- Accounts can be opened via the contact center, website, or branch.
- The account makes the accountholder financially included.
- There is no monthly maintenance charge on the account.
- Provides account information updates via SMS or email alerts.
- Access to cash anytime, anywhere, with debit cards on ATMs
- Use of Verve debit cards on POS terminals
Requirements
| INSTANT SAVINGS 1 | INSTANT SAVINGS 2 |
|---|---|
| Duly completed account opening form, including signature mandate section | Duly completed account opening form, including signature mandate section |
| 1 passport photograph | 1 passport photograph |
| Means of identification not required | Means 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 required | Customer data is to be verified with NIMC, INEC, FRSC, and others where applicable. |
Open an Instant Savings Account
You can begin the application process right now to open your account in just a few minutes.
