How To Open An Account With Jaiz Bank

Jaiz Bank PLC, the first and only non-interest bank in Nigeria is a national bank and a quoted public company in Nigeria. The bank has over 26,000 shareholders. It currently has a balance sheet of about N62 billion with asset financing of over N30 billion.

Jaiz Bank currently has a customer base of over 230, 000 cutting across all strata of the society with 33 branches, spread across the country serving these customers.

The concept behind Jaiz Bank strictly revolves around the Islamic Principles of “Non-Interest Banking”.This type of banking is a growing global phenomenon practiced in nearly 70 countries across the world including the United Kingdom, Canada, the United States of America, the United Arab Emirate, Malaysia, China, Singapore, South Africa, Kenya etc.

Read also Jaiz Bank: What You Need To Know About Non-Interest Banking

It is absolutely simple to open and maintain an account with Jaiz Bank. Jaiz Bank offers both savings and current account to customers.

Open A Savings Account

Jaiz Savings Account designed specifically to meet the requirements of customers who authorize the Bank to invest their cash deposits. Customers can deposit or withdraw money at any time they wish.

The Bank allocates the funds received from the customers to a deposit pool; funds from the pool are invested an ethical and responsible manner. Profit earned is shared at the end of every month between the depositors and the bank based on agreed sharing ration. (Currently 70:30 bank: customer as approved by CBN) .

Benefits

• Quick and Easy processing
• Instant Verve card issuance
• Withdraw cash from all ATM Terminals in Nigeria
• Make Purchases via Point of Sales Terminals (POS)
• Internet Banking Services
• Mobile Banking Services
• SMS Banking

What You Need Before You Can Open A Savings Account.

• Duly completed Account Opening Form
• One (1) recent passport sized photographs
• Valid means of identification: National ID card, International Passport, Voters Card or Driver’s License
• Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill etc.)

Read also Jaiz Bank: Branches And Addresses

Open A Current Account

Jaiz Current Account is a Naira account tailored for customers who carry out frequent transactions and would require unlimited access without any restrictions on withdrawal while enjoying a host of professional services from the Bank.

Benefits

• Quick and Easy processing
• Instant Verve card issuance
• Withdraw cash from all ATM Terminals in Nigeria
• Make Purchases via Point of Sales Terminals (POS)
• Instant transfer
• Internet Banking Services
• Mobile Banking Services
• SMS Banking
• Third Party Withdrawal via cheque
• Zero COT

What You Need To Open A Current Account

• Duly completed Account Opening Form
• One (1) recent passport sized photographs
• Address verification document e.g Utility Bill
• Valid means of identification: National ID card, International Passport, Voters Card or Driver’s License
• Two (2) references from current account holders

Interestingly, you can also open an account with Jaiz Bank online. To do that, simply click on the link below

Open AnAccount Online With Jaiz Bank