Accounts

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Savings Account

This is an interest paying account targeted at individual and corporate savers.
  • Minimum deposit of N2000 for individuals and 10,000 for corporate institutions.
  • Competitive interest rate of 2% per annum.
  • Easy to access.
  • Minimum account balance of N500.00
  • Duly Completed Account Opening Form.
  • Two passport photographs.
  • Bank Verification Number.
  • Valid means of identification.
  • Proof of Address.
  • Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If account name differs from the name on ID).
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Current Account

This is designed for both individuals and corporate bodies. It is an account that allows the issuance and deposit of cheque.
  • Minimum deposit of N2000 for individuals and 10,000 for corporate institutions.
  • Competitive interest rate of 2% per annum.
  • Easy to access.
  • Minimum account balance of N500.00
  • Complete an account opening form
  • 2 completed referee forms
  • Utility bill or payment receipt showing customers address
  • A valid means of Identification such as international passport, driver’s license, national ID card.
  • 2 photo passports of the account holder
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Unilag MFBank Individual current account
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Fixed Deposit Account

This is a specialized savings with a fixed tenor. Tenor may vary from 30 to as much as 360 days.
  • Minimum deposit of N2000 for individuals and 10,000 for corporate institutions.
  • Competitive interest rate of 2% per annum.
  • Easy to access.
  • Minimum account balance of N500.00
  • Duly Completed Account Opening Form.
  • Two passport photographs.
  • Bank Verification Number.
  • Valid means of identification.
  • Proof of Address.
  • Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If account name differs from the name on ID).
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Frequently Asked Questions

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