Zenith Bank Current Account suitable for business purposes

Zenith Bank Current Account suitable for business purposes

Raphael Orji Raphael Orji October 24, 2019

Zenith Bank Current Account suitable for business purposes

Zenith Bank Current Account – Zenith Bank needs no formal introduction in the Nigerian banking industry, in any case you appear not to be conversant with this bank, stay close as I walk you through a brief introduction of this industry giant.

Zenith bank Plc was established in May 1990, and commenced its operations in July of the same year as a commercial bank.

It became a public limited company on June 17, 2004 and was listed on the Nigerian Stock exchange (NSE) on October 21, 2004 following a highly successful Initial Public Offering.

Zenith bank is the Nigerian biggest bank by tier-1 capital, the bank was however founded by Jim Ovia in 1990.

With the above brief introduction of Zenith bank, let’s kindly get back to the main topic of this guide.

I am determined to take you by the hands and show you various Zenith bank current accounts that were designed to meet varying purposes across business lines.

If you desire a current account for whatever reason, Zenith bank has made a provision to welcome you on board for a seamless and modern banking experience like no other.

Here is a list of Zenith Bank Current Accounts, go through each account class and decide what meets your objectives.

Individual Current Account

This Zenit bank current account allows you a handful range of services on offer ranging from mobile banking applications to debits cards, streamlined to ensure that you always have access to your account whenever and wherever.

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Like the name appears, it’s an individual current account that’s very flexible with the following,

Features and benefits

  • It has a zero account opening balance, this implies you are not compulsorily required to have money with you before you can own or open this account. This is a rare feature with most current accounts.
  • You have internet banking facility
  • You can use the Zenith mobile banking app on this account
  • You have access to the zenith *966# Easy banking
  • You have access to Master card/Visa or Verve card
  • You receive Email and SMS Alertz
  • You are entitled to a Cheque book

Requirements for Zenith Individual Current Account

  • Duly completed account opening form
  • One recent clear passport photograph
  • A valid ID card, which could be Driver’s license, International passport, National ID card or Voter’s ID card.
  • Residence Permit where applicable
  • Two satisfactory references
  • Utility bill dated within the last 90 days or three months in the league of (PHCN Bill, water rate bill, tenement rate, rent receipt or telephone bill)

Accessible E-Channels on Zenith Bank Individual Current Account

  • *966# EasyBanking
  • Zenith Internet Banking
  • In-Branch at any Zenith Bank branch
  • ZenithDirect – 24/7 telephone banking
  • Zenith bank ATM nationwide, free cash withdrawal
  • Zenith Mobile Banking app, 24/7 on your smart phone
  • You can access your account using your Zenith bank debit card at participating merchant stores for payment of goods and services in Nigeria and anywhere in the world.

Gold Premium Account

This is a high yield current account product that is best suited for customers that have more inflow transactions than outflows. It is designed to provide maximum interest payments on daily account balance and minimum charges on transactions.

Feature and Benefits of Gold Premium Account

  • It has a N1,000,000 opening balance
  • Interest bearing of 1.7% p.a on N1,000,000 minimum balance
  • There’s no account maintenance fee attached on first 5 withdrawals, AMF will apply on all withdrawals if more than 5 withdrawals are made per month
  • It has an international monthly transaction limit of $3,000
  • You will have access to a MasterCard Gold debit card
  • You will enjoy two complimentary access to LoungeKey airport lounges
  • You will receive transaction discount from a number of selected merchants
  • There’s an emergency card replacement through MaserCard Global Service
  • Emergency cash disbursement applies, through MasterCard Global Service, as a Gold debit card holder, you can get up to $2,000 emergency cash disbursed within 2 hours at any of the 250 Western Union locations  worldwide
  • You have a direct and unrestricted access to 24 hours customer service help desk
  • A cheque book ( clearing enabled)
  • Internet banking
  • Zenith Mobile Banking App
  • Email/SMS Alertz
  • MasterCard discounts are applicable

Requirements to open Zenith Bank Current Account (Gold Premium Account)

  • Duly completed account opening form
  • One recent clear passport photograph
  • A valid ID card, which could be Driver’s license, International passport, National ID card or Voter’s ID card.
  • Residence Permit where applicable
  • Two satisfactory references
  • Utility bill dated within the last 90 days or three months in the league of (PHCN Bill, water rate bill, tenement rate, rent receipt or telephone bill)

Accessible E-Channels on Gold Premium Account

  • *966# EasyBanking
  • Zenith Internet Banking
  • In-branch at any Zenith Bank branch
  • ZenithDirect- 24/7 telephone banking
  • Zenith bank ATM nationwide free cash withdrawal
  • Zenith Mobile banking App, 24/7 on your smart phone
  • Access your account using your Zenith bank debit card at participating merchant stores for payment of goods and services in Nigeria and anywhere in the world.

Platinum Premium Account

This is the highest yield current account product that is best suited for customers that have more inflow than outflows.

It is designed to provide maximum interest payments on daily account balances and minimum charges on transactions.

Features and Benefits of Zenith Bank Current Account (Platinum Premium Account)

  • Opening balance of N3,000,000 apply
  • Interest bearing of 2% p.a on N3,000,000 minimum balance
  • No account maintenance fee on first 5 withdrawals, AMF will apply on withdrawals if more than 5 withdrawals are made per month
  • International transaction monthly limit is $4000
  • You have access to a MasterCard Platinum debit card
  • Get quick and easy access to 800 Loungekey airport lounges in over 130 countries globally with your MasterCard Platinum debit card.
  • You enjoy two free complimentary access to Loungekey airport lounges
  • Prepared card are available for wards/domestic staff
  • Transaction discounts from selected merchants
  • Emergency card replacement within one business day in the US and 2 business days internationally
  • Emergency cash disbursement through MaserCard Global Service
  • Fraud protection, platinum card holders who report their card lost or stolen are covered for any authorized charges that occur on this card via the ATM, POS, Online or Telephone in the 24 hour preceding reporting such event to the bank.
  • Purchase Protection is enabled, Platinum card holders are insured for loss of a purchase due to accidental damage or theft occurring within 90 days from the date of purchase with the platinum debit card as indicated on the store receipt.
  • You have a direct access to 24/7 customer service help desk
  • Cheque book (clearing enabled)
  • Internet banking
  • Zenith Mobile banking App
  • Email/SMS Alertz
  • MasterCard Discounts

Requirements for Platinum Premium Account

  • Duly completed account opening form
  • One recent clear passport photograph
  • A valid ID card, which could be Driver’s license, International passport, National ID card or Voter’s ID card.
  • Residence Permit where applicable
  • Two satisfactory references
  • Utility bill dated within the last 90 days or three months in the league of (PHCN Bill, water rate bill, tenement rate, rent receipt or telephone bill)

Accessible E-Channels on Platinum Premium Account

  • *966# EasyBanking
  • Zenith Internet Banking
  • In-branch at any Zenith Bank branch
  • ZenithDirect- 24/7 telephone banking
  • Zenith bank ATM nationwide free cash withdrawal
  • Zenith Mobile banking App, 24/7 on your smart phone
  • Access your account using your Zenith bank debit card at participating merchant stores for payment of goods and services in Nigeria and anywhere in the world.

Timeless Account

This is an account type designed for senior citizens.

Features of Zenith Bank Current Account (Timeless Account)

  • Free SMS notification, cheque book and debit card all are free
  • Free account statement printing
  • AMF is free
  • Zero account opening balance
  • You can access priority service at the branch
  • You have travel and holidays offers on board.

Requirements for Timeless Account

  • Duly completed account opening form
  • One recent clear passport photograph
  • A valid ID card, which could be Driver’s license, International passport, National ID card or Voter’s ID card.
  • Residence Permit where applicable
  • Two satisfactory references
  • Utility bill dated within the last 90 days or three months in the league of (PHCN Bill, water rate bill, tenement rate, rent receipt or telephone bill)

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Accessible E-Channels on Zenith Bank Current Account (Timeless Account)

  • *966# EasyBanking
  • Zenith Internet Banking
  • In-branch at any Zenith Bank branch
  • ZenithDirect- 24/7 telephone banking
  • Zenith bank ATM nationwide free cash withdrawal
  • Zenith Mobile banking App, 24/7 on your smart phone
  • Access your account using your Zenith bank debit card at participating merchant stores for payment of goods and services in Nigeria and anywhere in the world.

FAQ on Zenith Bank Current Account

1) Zenith Bank Account Requirements

Zenith bank account opening requirements is not different from what’s obtainable elsewhere in the Nigerian banking industry.

It’s a usual situation that for you to open a bank account in Nigeria, you primarily need the following for a savings account:

  • A duly completed account opening form
  • A recent passport photograph
  • Primary ID card
  • Utility bill,
  • Resident permit for aliens and
  • Two reference in place additionally for customers who will like to open a current account as well the opening balance where applicable.

2) Zenith Bank Account Charges

All charges due to your account type are typically stated on the account opening form where applicable which you as well agree to the terms and conditions of business thereafter appended your signature before the account was opened, except where stated order wise.

3) Zenith Bank Easy Save Account

This is a Zenith bank savings account that requires just your

  • Account opening form and
  • One passport photograph this is for the classic
  • While the premium requires a valid ID and a visitation report additionally.

4) Zenith Bank Customer Care number

Call ZenithDirect on 234-1-2787000

5) Zenith Bank Student Account Limit

This is called Aspire Account specifically for Nigerian undergraduate with a good sense of identity, designed to suit the lifestyle of discerning student. It provides a platform to support students to aspire for greatness.

This account has an interest rate of 4.2% and grows steadily even while you are asleep.

This account can be opened with;

  • An account opening form
  • One recent clear passport photograph of signatory
  • And a valid school ID card or student admission letter.

However, the Zenith Bank student account limit isN2.5million (Two million five hundred thousand naira only)

Conclusion

If you indeed desire a life full of convenience and ease of doing business and personal adventures, Zenith Bank Current Account is just what you need, choose any of the above classes that compliments your needs and you’d sure be happy you did.

 

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