How to open account in Access bank is very easy and it barely takes a drop of sweat from you. Access Bank is no doubt one of the richest banks in Nigeria to register on; as so, it gives people the confidence to save their money and also invest in any of their lifelong products that give values to the customers of the prestigious banks.
Over the past 26 years, Access Bank Plc. has evolved from an obscure Nigerian Bank into a world-class African financial institution. Today, it is one of the five largest banks in Nigeria in terms of assets, loans, deposits and branch network; a feat which has been achieved through a robust long-term approach to client solutions – providing committed and innovative advice. Access Bank has built its strength and success in corporate banking and is now applying that expertise to the personal and business banking platforms it acquired from Nigeria’s International Commercial bank in 2012. The next two years were spent integrating the business, investing in infrastructure and strengthening the product offer.
As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant.
Recorded in 2021, Access Bank is still the first bank in Nigeria to cross the ~₦10 trillion mark in total assets.
How to Open Account in Access Bank.
Opening an account in Access Bank does not take any stress and that is Schooldrillers has thought it wise to put you through how to open account in Access Bank with complete access to almost of its financial platforms or products.
Walking up to the bank to meet with any of its marketers or personnel is first on the list, as this will help you make the right inquiry and get the right forms to fill.
Below are some of Access Bank products both on Current and Savings accounts:
1. INDIVIDUAL CURRENT ACCOUNT
A. Benefits
- Enjoy access to overdraft and loan facilities (for qualified customers) at competitive rates.
- Remote access to your bank account
- Monitoring of account activities from the comfort of your home/office via internet, telephone and mobile banking.
- Third-party withdrawals
- Convenient & flexible account opening requirements.
- Provides account information updates via SMS/Email alerts
- Access to cash anytime, anywhere with debit cards and ATMs
B. Requirements
- Duly completed account opening form (including signature mandate section).
- 2 duly completed reference forms
- Means of identification e.g. National Identity Card, Driver’s License, International Passport or Voter’s card
- KYC Documentation of the customer
- Valid proof of residence
- Visitation report
- BVN of signatory (or signatories)
- AML risk assessment
- 1 passport photograph
- An opening deposit of N10, 000 (cheque/cash)
C. OTHER SIDE DETAILS TO THE ACCOUNT
- Opening balance of N10,000
- No minimum balance required
- Account maintenance fee of only N1/mile
- Different variants of Debit Card (based on the your preference)
- Access to internet and mobile banking
- Availability of cheque book
- Allows direct debit instructions
- Third-party transactions enabled
- All other transactions are charged (at bank’s approved rate)
2. GOLDEN CURRENT ACCOUNT
A. Requirements
- N5,000 opening balance
- Zero minimum daily balance
- Zero monthly maintenance fee (subject to maximum monthly turnover)
- Maximum monthly turnover of N5 million
- Allows deposit of cheques and dividends
- Customized cheque books (valid for clearing)
- No minimum turnover clause
- Proof of residence
- 2 references
- Valid form of identification
3. COMMUNITY CURRENT ACCOUNT
The account is a specially designed for Unregistered Non-Governmental and Non-Profit organizations such as: Churches, Clubs, Societies, Associations etc.
A. Requirements
- A complete application form Download the PDF HERE
- Account mandate with authorized signatories signoff
- 2 completed reference forms
- 2 recent passport photographs of each signatory to the account
- Valid identification of all authorized signatories i.e. International passport, Driver’s license, National ID card, Voters card, NIMC card or Resident permit (for foreign nationals)
- Proof of address i.e. a recent utility bill (PHCN/Water bill)
- Copy of rules/constitution as signed by a least 2/3 (two-third) of key principle officers Certificate of resignation from CAC (for Community Current Account
B. Features
- Opening minimum balance of N10,000
- Minimum operating balance of N10,000
- Issuance of Cheque book
- Free Access to internet Banking
- Free withdrawal from all branches
C. Benefits
- No COT
- Internet banking at your convenience
4. EVERGREEN CURRENT ACCOUNT
Your Golden years should come with Golden benefits. It is specially designed for seniors (aged 60 and above) to enjoy exclusive privileges, seamless convenience and cost-saving benefits.
A. Features and Benefits
- No minimum opening balance or daily balance
- Zero COT (No covenants)
- Free Debit Card- Verve or Visa cards
- Free Cheque book, for the life of the account
- Free transaction alerts (Email and SMS Alerts)
- Networking and other engagement opportunities
- A free gift from time-to-time, only for our valued senior customers
B. Requirements
- Completed Account Opening form
- One (1) passport photograph
- Valid means of identification
- One (1) reference form
- Documentary evidence of address
- Residence permit (where applicable)
5. EVERGREEN SAVINGS ACCOUNT
A. Benefits
- No minimum opening balance
- No minimum daily balance
- Zero COT (No covenants)
- Free Debit Card– Verve or Visa cards
- Free Transaction alerts: (Email and SMS Alerts)
- Free gift from time to time
- Allow 3rd party withdrawals
- No monthly maintenance fees
- Interest rate-1.25% (subject to 4 withdrawals per month for savings variants only)
- In addition, evergreen customers have access to premium lounges nationwide.
B. Requirements
- Completed account opening form
- 1 passport photograph
- Valid means of identification
- Documentary evidence of address
6. PREMIUM CURRENT ACCOUNT
Premium Current Account is a special account designed to conveniently cater to the day to day transactional needs of an affluent Client.
A. Benefits
- Negotiable Current Account Maintenance Fee (NCAMF) at N1 per mille
- Free banking, if ₦1 million is maintained monthly
- Minimum opening balance of ₦25,000
- ₦25,000 operating balance
- No fixed monthly fee
- No Interest on credit balance
- ATM withdrawals up to ₦200,000 daily
- Debit Card
- Cheque Book
- Access to Xclusive Lounges (when subscribed to XclusivePlus)
B. Requirements
- Completed account opening form
- Completed signature specimen card
- 2 completed reference forms
- 2 recent passport photographs
- Valid identification i.e. international passport, driver’s license, voters card or national ID card, National Identity Management Commission (NIMC) slip.
- Resident permit (for foreign nationals in Nigeria)
- Proof of address i.e. recent utility bill, DSTV receipt, etc.
7. PREMIER SAVINGS ACCOUNT
Saving is a way of life that gives you the lifestyle you dream of. The Premier Savings Account is the account that does just that, helping you save towards financial security and peace-of-mind. Plus, you always have access to your funds with easy withdrawals.
A. Benefits
- Convenient & flexible account opening requirements
- Deposit of dividend warrants up to 10,000 (a/c payee only)
- Remote access to your bank account using our channel platforms
- Monitoring of account activities from the comfort of home/office via internet, telephone & mobile banking
- Provides account information updates via SMS/Email alerts
- No monthly maintenance fees
B. Requirements
- Duly completed account opening form including signature mandate section
- 1 passport photograph
- KYC Documentation of the customer
- Valid proof of residence
- Visitation report
- BVN of signatory(ies)
- AML risk assessment
- Valid means of identification e.g. National Identity Card, Driver’s License, International Passport, or Voter’s Card
- Valid Residence or Work Permit (Foreigners)
*** Note that a valid means of ID with same address as quoted in the account opening package (form) will serve both as means of ID and address verification.
C. OTHER SIDE DETAILS TO THE ACCOUNT
- Minimum opening balance of N1,000
- Zero minimum daily balance
- Interest rate of 1.15% p.a. but paid monthly
- Different variants of Debit Card based on the customer’s preference
- Access to alternate channels e.g. internet and mobile banking etc.
- Allows deposits of dividend warrants up to ₦10,000 (a/c payee only)
- Allows cheque deposits up to ₦2,000,000
- All other transactions are charged (in line with the Banker’s tariff).
- N50 monthly maintenance fee for customers with active card
8. HIGH INTEREST DEPOSIT ACCOUNT
HIDA is a special deposit account designed for you to save for a project or keep away some funds for a rainy day while fully maximizing credit interest earned on your savings. You can enjoy tiered interest rates; meaning the larger the balance, the higher the interest earned. Interest earned per annum accrues daily on available credit balance and is payable monthly.
A. Features and Benefits
- You earn highly competitive interest rates per annum on your available balances calculated daily but payable monthly. This simply means the more you save the more you earn:
- Less than ₦100,000 @ 0.5% p.a.
- ₦100,000 to ₦4,999,999 @ 1.5% p.a.
- ₦5,000,000 to ₦49,999,999 @ 2.50% p.a.
- ₦50,000,000 to ₦99,999,999 @ 3.0% p.a.
- ₦100,000,000 to ₦249,999,999 @ 5.0%
- ₦250million & above @ 3.15% p.a.
- Gives you the convenience and flexibility of depositing cash, other banks cheques, and dividend warrants at any of our branches.
- Enjoy 4 free withdrawals without forfeiture of credit interest payment on available balances maintained.
- Encourages you to save as the account does not come with a debit card
- The convenience of being able to transfer money between your own Access Bank accounts in the branch, online, or over the phone (if you are registered for Access/Diamond online and Access/Diamond mobile)
- A penalty charge of N150 if the balance goes below N5,000
- No COT
- Internet banking at your convenience
B. Requirements
- One (1) passport photograph
- Personal Identification (Any of these):
- Current National Passport
- Driver’s License
- National ID Card
- Voters’ ID Card
- National Identity Management Commission (NIMC) Card
- Resident Permit (for foreign nationals only)
- Address verification: (Any of these)
- Utility bill (PHCN, NITEL, etc.)
- Minimum Opening Balance – N100,000
- Minimum Operating Balance- N500
9. INSTANT SAVINGS ACCOUNT
Since opening this account is like saving for the future and ensuring some financial security for yourself and your family’s tomorrow, taking the hassle out of saving for your future and open this account – with just your passport photograph!
A. Benefits
- Convenient & flexible account opening requirements.
- Account can be opened via contact center, website or in the branch
- The account makes accountholder to be financially-included
- No monthly maintenance charge on the account
- Provides account information updates via SMS/Email alerts
- Access to cash anytime, anywhere with debit cards on ATMs
- Use of Verve debit cards on POS terminals
- No minimum opening balance
- Interest rate of 1.15% p.a. (per annum)
- Maximum single deposit-N50,000/N100,000
- Maximum cumulative balance-N300,000/N500,000
- Transactions are limited to Nigeria
B. Requirements
- Duly completed account opening form including signature mandate section
- 1 passport photograph
- Means of identification not required
- – Address verification not required
– BVN of signatory(ies)
– AML risk assessment - Customer data verification not required
10. EARLY SAVERS ACCOUNT
Early Savers is a savings account designed especially for children below the age of 18 years, including unborn children. This account can be opened by parents (in trust) for their children, becoming the primary account holders, jointly running the account until their children become adults.
A. Features
- Minimum opening balance of N1,000
- Zero minimum daily balance
- Interest rate of 1.15% p.a.
- Allow deposits of dividend warrants up to N10,000 (a/c payee only)
- The account is opened by the parent and held in trust for the child, until the child becomes of age to operate the account
- Allows direct debit instruction
B. Benefits
- Opportunity to exclusively attend the Access Early Savers events.
- Membership of the Early Savers Financial Literacy Club
- Unrestricted Access to the Early Savers Microsite via https://earlysavers.accessbankplc.com
- Free Early Savers Quarterly newsletter.
- Lodgment of dividend warrants in child’s name is allowed (subject to a maximum of N10, 000).
- Access to school fees advance (for parents)
- Ease of saving through standing order instructions
- Account is online and real time.
C. Requirements
- Duly completed account opening form
- Proof of Residence
- KYC Documentation of the child and guardian
- Valid proof of residence
- Visitation report
- AML risk assessment of the guardian
- 1 passport photograph each for parent/guardian and child /ward
- Parent’s means of identification. Note: a valid means of Identity, with same address as quoted in the account opening package, will serve both as means of ID and address verification.
- Birth certificate of the beneficiary(child)/International Passport
- Parent/ Guardian’s BVN
