How to Open an Ecobank Account

Filed in Articles by on April 19, 2024

Perhaps, you may have already thought of our Ecobank Savings Account, which is reasonably easy to open and access? The bank with the greenhouse effect and climate change solutions one can say, but how can one get in with an account? Let’s dig in as this guide is surely the answer.

Ecobank Savings Account

 

Opening an account with Ecobank means no extra expenses or fees, and a high level of flexibility through the choice of saving options. To get it done, follow these simple steps:

1. From the supply of online, mobile, and phone services to visiting us at our local Ecobank offices, you are free to get as much help as you need.

2. Then, complete the account opening pdf form in which there are entries like the name, address and contact details.

3. Allow identity via the broad range means of identification: the national citizen ID card, the passport and the driver’s license. 

4. Whenever asked, have some useful information with you, that states you are staying at the given address, i.e. a utility bill or a lease agreement.

5.  Think of settling for either a savings account or the current account and the bank will deduct the first amount for industry operation of the account initially.

You can also go through the reviews, and see if anyone is available for signoff on the terms and condition which is consent or conditionally. Also, customers may be able to access online or mobile banking, if he/she so wish, during activation.

What Do I Need to Open an Ecobank Account?

To open an Ecobank account, you’ll need:

1. To give your full name, date of birth, address, phone number and email or any other means of communication.

2. Documentation is closely linked to identification: it can be a national identity card, driver’s license, or passport. This will get rid of any chances of fake accounts as you will be identified through personal identity verification.

3. The bank will need you to make a copy of a bill that is recent as well as a document from the local authority confirming your address or admission to a social services agency.

4. It is advised you send money to open the account using an amount that is less than the total balance required. The sum in question is the amount of money you want to set aside for each savings account type.

5. Figure out which type of account works out for you. Whether it is savings, current, or student accounts, determine your banking requirements.

6. Sometimes it may happen that you need something online like banking or other services, so during the account opening process, you can choose these.

See that all the primary papers, documents and information are in a way cut the rush for opening a bank account.

Can I Open an Ecobank Account Without BVN?

Can I Open an Ecobank Account Without BVN?

No. The Bank Verification Number (BVN) is needed when opening any account, not just that of Ecobank. 

BVN is a unique identification number used exclusively for your biometric information which serves as a tangible platform to monitor a fraudulent scheme and related identity theft in the banking system.

According to the BVN, account origination with a bank is the basic and essential condition for prospective clients to own and handle their account in Nigeria where Ecobank is located.

So, following the BVN submission, which is another proof of identity and an important aspect to confirm identity, is the part after which account opening is only approved.

In that connection, a possession of a BVN is the salt of life for Ecobank which has the necessity as a bottle opener and the hammer.

How Long Does it Take to Open an Account with Ecobank?

With Ecobank it usually takes about half an hour to 1 hour to conclude an account, but the time may differ conditionally upon the number of clients in a particular branch.

Also, the completeness of documents that you bring, and also the type of account that you are opening. It may take you a while to get there if there are other clients in front of you.

When it’s your turn, a bank officer will examine your paperwork such as your identification and your proof- of-address document. 

This insertion is very likely to last for somewhere between 10 to 20 minutes then, the banking team will help you both in filling the application form and in the selection of the type of account you wish to open. It will take around 10 to 15 minutes. 

An account must be initially opened at the end of processing the form and making the first deposit. Then you will be immediately provided with your credentials, and depending on the account, cards or documents will be given.

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