Co-operative Account:

  • 3 recent passport photographs for each signatory to the account.
  • Certificate of registration of the Co-operative
  • An opening deposit of N10,000 or more
  • Two referees from any bank for each of the signatories
  • Recent utility bill receipts of signatories/meeting point of co-operative
  • Letter of resolution by Co-operative members to open account with First Royal Microfinance Bank Ltd
  • Bye-Laws of the Co-operative
  • A valid means of identification e.g. National Identity Card, Permanent Voter’s Card, Driver’s License or International Passport of the individual signatories
  • Mandate Card stating authorized signatories and account operating instructions.
  • Update form to be filled by each signatory for detailed information.