FCMB online business version
If you’re curious about the FCMB online business version, this article is for you. Here, you will learn about FCMB online business account opening and the FCMB online business version login. This guide will provide you with the necessary steps to set up and access your online FCMB business account.
FCMB is a major financial institution in Nigeria that provides a range of services, including business banking, investment solutions, and retail banking, catering to various organizations such as large corporations, small businesses, and medium-sized enterprises.
Through online commerce, small businesses, such as small and medium-sized enterprises (SMEs), can oversee their accounts using any device that has internet access. This service is not limited by time or place.
Opening an FCMB online business account provides you with access to a range of excellent benefits, including the following:
A debit card for the registered business
This card ensures that you can access necessary funds at any ATM or point-of-sale terminal. It can also be utilized for making local transactions. If you wish for certain employees to have access to the card, you can request additional cards for them.
Quick access of finances
You can keep track of and manage the transactions conducted through your account from any location and at any time! Additionally, you can complete your transactions around the clock without any hassle.
Loans
By using the FCMB online business platform, you have the opportunity to secure loans, provided that they receive the bank’s approval! Additionally, if your business is facing a cash flow issue, you can opt for an overdraft. Just make sure that your business account qualifies for this service beforehand.
Opening balance
When you open an account, the minimum amount you need to have is just N25,000! This is a benefit that’s not commonly offered by other banks.
Account Balance Requirements
After your account is activated, you need to maintain a minimum balance of N5000 at all times.
Zero Account Maintenance Charges
You benefit from a flexible pricing structure that depends on your debit activity. If your transactions fall between N0 and N875,000, there is no monthly fee. However, if your transactions exceed N875,000, you’ll be charged a small monthly fee.
Another option is to establish a personal business account. The distinction between this type of account and a corporate business account is that you won’t incur maintenance fees for your account. Instead, you will need to pay a set monthly fee. This type of business account is well-suited for individuals with smaller accounts.
FCMB Online Business Account Opening
Next, let’s explore the specifics of how to open an online business account with FCMB, including the various requirements involved.
Documents required for your business registration include:
- Business registration certificate
- Bank Verification Number (BVN)
- Bank identification
- Scanned signature
- Passport-sized photo
- Tax Identification Number (TIN)
You have the option to either upload these documents on the bank’s website or deliver them in person at a nearby bank branch. If your business is a limited liability company, additional documents will be required.
- A digital version of the document acquired during the business’s establishment.
- An official certified copy of the C.A.C2-3.
- A resolution from the board.
For non-limited entities such as ventures, you will need to provide the following documentation:
- The certificate of registration for the business
- A directive to the bank to establish an account
For groups and cooperatives, you will need to provide the following:
- A document outlining the guidelines and policies of the association.
- Records from the meeting in which the suggestion to open a bank account was made.
- A digital version of the registration document, applicable if the association is registered with the CAC.
After gathering all these documents, you can move forward with completing the FCMB online business application. The form will require the following information:
- The type of your business—such as a Limited Liability Company, non-limited company, or an association/cooperative
- The registration date
- The registration number issued by the CAC
- The Tax Identification Number
- The official name of the business
- The business’s physical address
- The state in which the business operates
- The city or locality of the business
- Contact telephone number
- Email contact
- Ownership arrangement (This includes whether shareholders hold equal or predominant authority. Additionally, you will need to indicate the gender of the Managing Director/CEO.)
- Information about the company’s director
- Details regarding the account signatory
- Other relevant information.
You will also find sections where you can upload scanned copies of the required documents. Furthermore, you will be prompted to select your preferred bank branch. For convenience, it is advisable to choose the nearest FCMB branch.
After you have completed all the necessary information, make sure to review it thoroughly. Go over the bank’s terms and conditions, and if you agree with them, you can move forward. Additionally, if you have any referral codes, be sure to enter them. You can then submit your application.
FCMB Online Business Version Login
To access the FCMB business version, please refer to the information provided below:
- Visit the login portal for the online business version of FCMB.
- Enter your login information in the designated fields that show up on the portal. Typically, you will need to provide your bank username along with the password you created when setting up your account.
- If you happen to forget your password, simply click on the ‘Reset your Password’ icon located at the top of the page.
- If you encounter difficulties accessing your account, select the icon labeled ‘Troubleshoot.’ Use the same method if you are unable to access the portal as well.