Corporate current account

A current account meant for business transaction activities of Limited Liability and Public Quoted & Unquoted companies.

Features and Benefits

Minimum opening balance of XAF 950.000 + guarantee deposit of XAF 50.000

Zero Minimum operating balance

Lodgment of cheques

    Access to Internet Banking

    Access to credit facilities

 

Documents

Duly completed account opening form

IDs of authorized signatories

Status

Minutes of BOD meeting appointing CEO, GM, AGM, CFO etc and specifying their powers and limits to open and run company’s account

Four passport size photographs of each of the signatories

Location plan of business

Signed right of set-off form

Business registration certificate

Tax contribution card

Balance sheet (min 2 years) for existing businesses

Public sector current account

An account meant for business transaction activities of Government agencies (Ministries, Assembly etc) from the State, City and Local councils.

Features and Benefits

Minimum opening balance of XAF 950.000

Guarantee deposit of XAF 50.000

Zero Minimum operating balance

Lodgment of cheques

    Access to Internet Banking

    Access to credit facilities

Documents

Duly completed account opening form

IDs of signatories

Copy of decree appointing GM and BOD / Copy of gazette or decree setting up the Parastatal/Agency

Four passport size photographs of each of the signatories

Letter requesting for account to be opened/Board resolution

Letter introducing signatories and their designation

Localization plan

Signed right of set-off form

Any other document

Copy of latest annual report and accounts or 12 month bank statement (for established businesses)