Every business owner wants to grow his business and they need help to successfully expand their business. The FirstBank of Nigeria is offering such help through the Firstcurrent Business Account. The features of this current account makes it possible for business owners to grow their business.
What Is Firstcurrent Business Account
Firstcurrent Business Account is a type of current account by FirstBank of Nigeria that is targeted at business to help them grow. This type of business current account is one of the ways Firstbank of Nigeria is supporting business owners to grow their business.
Another interesting part of this business current account is that all charges are predetermined. Which means that the account holders knows how much they’ll be charged monthly. So you can easily lay a complaint if something extra is charged.
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Why Choose The FirstBank of Nigeria Firstcurrent Business Account
The features of this business current account makes it very interesting. This business current account comes in four different variants. Which means that there is an option that will fit in to your size and type of business. below are the four variants and their features.
Premium
- Needs at least N15,000.00 to keep operating the account(your account balance can not be lower than N15,000.00).
- Monthly charge is fixed at N2,000.00(If you receive an alert of extra charge you can lay a complaint to FirstBank of Nigeria to resolve the issue).
- Maximum monthly debit turnover of N5 million.
- Excess on debit turnover limit attracts a default account maintenance charge at N1/mille.
Silver
- Needs at least N20,000.00 to keep operating the account(your account balance can not be lower than N20,000.00).
- Monthly charge is fixed at N5,000.00(If you receive an alert of extra charge you can lay a complaint to FirstBank of Nigeria to resolve the issue).
- Maximum monthly debit turnover N15 million
- Excess on debit turnover limit attracts a default account maintenance charge at N1/mille.
Gold
- Needs at least N50,000.00 to keep operating the account(your account balance can not be lower than N50,000.00).
- Monthly charge is fixed at N10,000.00(If you receive an alert of extra charge you can lay a complaint to FirstBank of Nigeria to resolve the issue).
- Maximum monthly debit turnover N50 million
- Excess on debit turnover limit attracts a default account maintenance charge at N1/mille.
Platinum
- Needs at least N100,000.00 to keep operating the account(your account balance can not be lower than N100,000.00).
- Monthly charge is fixed at N30,000.00(If you receive an alert of extra charge you can lay a complaint to FirstBank of Nigeria to resolve the issue).
- Maximum monthly debit turnover N100 million
- Excess on debit turnover limit attracts a default account maintenance charge at N1/mille.
Benefits Of The FirstBank Business Current Account
- There is no account maintenance charges associated with this type of current account.
- Enjoy a fixed monthly charge as low as N2,000.00
- Low minimum account balance
- No limit to number of withdrawals
- SMS alert on account.
Who Is This FirstBank of Nigeria Business Current Account Targeted At?
This business current account is targeted at micro, small, medium and large-scale enterprises, enabling businesses perform a variety of transactions at a predetermined fee. Which means that individuals who own personal business can also open this type of business current account.
What Do I Need To Open The FirstBank of Nigeria Business Current Account?
To successfully open this type of current account with FirstBank you need to provide the following details.
- Duly completed Application Form(you can get this form at any FirstBank of Nigeria Branch nearest to you).
- Valid means of identification (Drivers License, National ID Card or International Passport)
- Valid proof of address of residency e.g. current Utility Bill not exceeding 3 months
- Two recent passport size photographs of Applicant(preferably not more than two months old)
- Duly completed Specimen Signature cards.
Quick Note: The International passport or Driver’s License or National ID card or Voters Card, or Resident Permit (for foreign nationals) are all means of verification. While the utility bill is a means of home address verification.
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How To Open The Firstcurrent Business Account
The only way to open this type of current account is by getting the current account form, fill it and submit it at any FirstBank branch. You can get this form from any FirstBank of Nigeria Branch of download it from the FirstBank website.
Depending on the size and type of your business you can just opt for any of the variants of the Firstbank business current account. You get to enjoy some benefits as outlined above.
According to FirstBank this type of current account is a Non-Borrowing Account. Maybe this means that there is no credit or loan facility for holders of this account. We can’t say for sure but you should be sure to read the terms and conditions associated with the account type before you get it.
You know someone or some business that needs this type of current account? Please use the share button below to share our posts on Facebook and Twitter. It might just help someone or some organization know about this current account from FirstBank of Nigeria.
