Everyday Banking

Individual Savings Account

The Royal Credit Union Individual Savings Account is recommended if you have a specific savings goal in mind or you just want to start setting money aside. This account offers interest on your funds regardless of the goal.

Features and Benefits:

• Zero account opening balance
• Internet Banking
• Earn interest at 4.05%
• Royal Credit Union Mobile Banking app
• MasterCard/Visa/Verve debit card
• Email/SMS Alertz
• Cheque book

Requirements

• Account opening form duly completed
• One recent clear passport photograph of signatory
• Identification of signatories (Driver’s License, International Passport, National Identity Card or Voter’s Card)
• Residence permit (where applicable)
• Two independent and satisfactory references
• Public Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill)
• Two independent and satisfactory references should you want to deposit cheques over N2,000,000.00

Current Account

Open a Royal Credit Union Bank current account with full KYC (Know Your Customer) requirements and gain access to the world of convenience that comes with owning a Royal Credit Union Bank account. Enjoy a full range of services on offer ranging from mobile banking applications to debit cards, all to ensure that you always have access to your account wherever and whenever

Features and Benefits:

• Zero account opening balance
• Internet Banking
• Royal Credit Union Mobile Banking app
• MasterCard/Visa/Verve debit card
• Email/SMS Alertz
• Cheque book

Requirements

• Account opening form duly completed
• One recent clear passport photograph of signatory
• Identification of signatories (Driver’s License, International Passport, National Identity Card or Voter’s Card)
• Residence permit (where applicable)
• Two independent and satisfactory references
• Public Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill)

Gold Premium Account

Gold premium account is a high yield current account product that is best suited for customers that have more inflow transactions than outflows. It is designed to provide maximum interest payments on daily account balances and minimum charges on transactions.

Features and Benefits:

• Opening balance of N1,000,000
• Interest bearing of 1.75% p.a on N1,000,000 minimum balance
• No Account Maintenance Fee (AMF) on first 5 withdrawals. AMF will apply on all withdrawals if more than 5 withdrawals are made per month.
• International transaction monthly limit of $3,000
• Email/SMS Alertz
• MasterCard Gold debit card
• Enjoy two free complimentary access to LoungeKey airport lounges
• Transaction discounts from selected merchants.
• Emergency Card Replacement: Through MasterCard Global Service™ Gold debit cardholders get emergency card replacement for cards reported lost/stolen, upon issuer authorization, within 1 business day in the US or 2 business days internationally.
• Emergency Cash Disbursement: Through MasterCard Global Service™ Gold debit cardholders can get up to $2,000 emergency cash disbursed within 2 hours at any of 250,000 Western Union locations worldwide.
• Direct access to our 24 hours customer service help desk
• Cheque book (clearing enabled)
• Internet banking
• Royal Credit Union mobile banking app
• MasterCard Discounts
• *Terms and conditions apply.

Requirements

• Account opening form duly completed
• One recent clear passport photograph of signatory
• Identification of signatories (Driver’s License, International Passport, National Identity Card or Voter’s Card)
• Residence permit (where applicable)
• Two independent and satisfactory references
• Public Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill)

Individual Savings Account

The Royal Credit Union Individual Savings Account is recommended if you have a specific savings goal in mind or you just want to start setting money aside. This account offers interest on your funds regardless of the goal.

Features and Benefits:

• Zero account opening balance
• Internet Banking
• Earn interest at 4.05%
• Royal Credit Union Mobile Banking app
• MasterCard/Visa/Verve debit card
• Email/SMS Alertz
• Cheque book

Requirements

• Account opening form duly completed
• One recent clear passport photograph of signatory
• Identification of signatories (Driver’s License, International Passport, National Identity Card or Voter’s Card)
• Residence permit (where applicable)
• Two independent and satisfactory references
• Public Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill)
• Two independent and satisfactory references should you want to deposit cheques over N2,000,000.00