What are the requirements for opening a bank account

What are the requirements for opening a bank account

  • The following are required documentation for opening a bank account in Nigeria.

  • Your Bank Verification Number (BVN).
  • Your National ID Number (NIN)
  • A utility or another bill dated no later than three months prior to merchant registration as proof of your address.
  • Copy of your government issued valid ID card such as driver’s license, or international passport.
  • 1 passport photo.

    • Related Articles

    • Is NET MFB a licensed bank?

      NET Microfinance Bank is a licensed Microfinance bank in Nigeria that is duly licensed by the Central Bank of Nigeria. All customer deposits are insured by the Nigeria Deposit Insurance Commission (NDIC).
    • Why you need to supply BVN and NIN to operate a NET Account

      We ask you to confirm your BVN and NIN so we can be sure no one is pretending to be you and you're not pretending to be someone else. Nigeria regulation makes it mandatory for tier 1 account to have either BVN or NIN and tier 2 and 3 accounts must ...
    • How do i open a NET Account

      It's really easy! Go to your Google Play Store or iOS Store and download the NET MFB app. Then, follow the instructions to register your account. The registration process involves verifying your BVN and NIN. You will get a NET Account instantly once ...
    • Understanding NET MFB Loans: A Beacon of Financial Inclusion

      In the realm of financial empowerment, Microfinance Banks (MFBs) stand out as pillars of support, especially for small and medium-sized enterprises (SMEs) and individuals seeking access to credit facilities. Among the array of MFBs in Nigeria, NET ...
    • How can i request for a NET POS Terminal

      Hey NETians, The process of getting your own POS terminal that works all the time is simple. You can become a NET POS Agent or an Aggregator. Requirements are standard bank KYC, place of business and required capital to start the business. You can ...