How to open a Business or Corporate [ Bank Account ] in Nigeria

00:04:36
https://www.youtube.com/watch?v=Kooo3Z12Lq4

الملخص

TLDRIn this video, CH from Pro Digital explains the requirements for opening a business account in Nigeria. The five key requirements include: 1) Certificate of registration from the Corporate Affairs Commission, 2) Tax identification number, which can be obtained through the State Internal Revenue Service or online, 3) Valid means of identification such as a national ID or passport, 4) Utility bills to verify business and home addresses, and 5) A letter of introduction to the bank. The video encourages viewers to like, share, and subscribe for more updates.

الوجبات الجاهزة

  • 📄 Certificate of Registration is essential.
  • 💼 Obtain a Tax Identification Number.
  • 🆔 Valid ID required: voters card, national ID, etc.
  • 🏠 Utility bills confirm your address.
  • ✉️ Write a letter of introduction to the bank.

الجدول الزمني

  • 00:00:00 - 00:04:36

    In this video, CH from Pro Digital explains the requirements for opening a business account in any commercial bank in Nigeria. The first requirement is a certificate of registration and status report from the Corporate Affairs Commission. The second requirement is a tax identification number, which can be obtained through the respective State Internal Revenue Service or the Joint Tax Board online. The third requirement is a valid means of identification, such as a voter’s card, national ID, international passport, or driver’s license. The fourth requirement is a utility bill to serve as proof of the business and home address, with two bills needed if the addresses differ. Lastly, the fifth requirement is a letter of introduction to the bank expressing the intention to open an account. CH encourages viewers to like, share, and subscribe for more updates.

الخريطة الذهنية

فيديو أسئلة وأجوبة

  • What is the first requirement for opening a business account?

    You need to present your certificate of registration and status report from the Corporate Affairs Commission.

  • How can I obtain a tax identification number?

    You can apply through your respective State Internal Revenue Service or online through the Joint Tax Board.

  • What forms of identification are accepted?

    Accepted forms include a voters card, national ID card, international passport, or driver's license.

  • What is the purpose of the utility bill?

    The utility bill serves as evidence of your business and home address.

  • What should be included in the letter of introduction?

    The letter should state your intention to open an account with the bank.

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التمرير التلقائي:
  • 00:00:00
    hello guys welcome to my YouTube channel
  • 00:00:01
    my name is CH from Pro digital in this
  • 00:00:04
    video we're going to be looking at the
  • 00:00:06
    requirements in opening a business
  • 00:00:08
    account in any Commercial Bank here in
  • 00:00:11
    Nigeria so if you have registered your
  • 00:00:14
    business with corporate Affairs
  • 00:00:16
    commission and you have been searching
  • 00:00:19
    for a way or you don't know how to go
  • 00:00:21
    about getting a business account open
  • 00:00:24
    under your business name through any
  • 00:00:26
    Commercial Bank here in Nigeria then
  • 00:00:28
    this video is is for you please and
  • 00:00:32
    please canly watch this video like it
  • 00:00:35
    share and click on the Subscribe button
  • 00:00:38
    for more update so in less than 5
  • 00:00:41
    minutes I'm going to reveal to you the
  • 00:00:43
    requirements you need to present to the
  • 00:00:45
    bank before a business account can be
  • 00:00:48
    open for you in any Commercial Bank of
  • 00:00:50
    your choice now we're going to be
  • 00:00:52
    looking at the five requirements and
  • 00:00:54
    number one on the list is you need to
  • 00:00:57
    present your certificate of registration
  • 00:00:59
    and status report that you got from the
  • 00:01:01
    corporate Affairs commission so just in
  • 00:01:05
    case you have not registered your
  • 00:01:07
    business to the cpet Affairs commission
  • 00:01:10
    and you really wish to get one for
  • 00:01:13
    yourself you can link up to us through
  • 00:01:16
    our contact on the screen the number two
  • 00:01:19
    requirement is you need to go to the
  • 00:01:21
    bank with your tax identification number
  • 00:01:24
    most people have been asking me that
  • 00:01:26
    please sir how will I get a tax
  • 00:01:29
    identification number for my business
  • 00:01:32
    name there are two step or two approach
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    that you can take to get your tax
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    identification number number one is you
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    can uh make application through your
  • 00:01:44
    respective State internet Revenue
  • 00:01:47
    Service like for those people that have
  • 00:01:49
    their business registered here in
  • 00:01:51
    carduna they can apply through the cuno
  • 00:01:54
    state Internal Revenue Service so if
  • 00:01:57
    your business is in sokoto you can apply
  • 00:01:59
    through the soo Internal Revenue Service
  • 00:02:02
    and so then the second method is you can
  • 00:02:06
    apply through the joint tax board online
  • 00:02:10
    so that's all about how you can get your
  • 00:02:13
    tax identification number but if you're
  • 00:02:15
    still confused you can link up to us so
  • 00:02:18
    that we will assist you on how to go
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    about that then the third requirement is
  • 00:02:24
    you need to present a valid means of
  • 00:02:28
    identification now the ID card could NE
  • 00:02:32
    be your voters card your national ID
  • 00:02:34
    card or your international passport or
  • 00:02:38
    driver license that is all about that
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    then the fourth
  • 00:02:47
    requirement now the fourth requirement
  • 00:02:50
    is you need to
  • 00:02:52
    present your business so you need to
  • 00:02:56
    present utility bill now the utility
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    bill Serv as an Evidence of your
  • 00:03:01
    business address and your home address
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    now note something
  • 00:03:07
    if your business address is different
  • 00:03:10
    from your home address that simply means
  • 00:03:12
    that you have to present two utility
  • 00:03:14
    bills let's take for instance that I
  • 00:03:18
    live at um I live in number two Zambia
  • 00:03:24
    Road B and my business is located at
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    number 14 Egypt Road B now looking at
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    this You observe that there
  • 00:03:35
    is that you observe that my home address
  • 00:03:39
    is different from my business address so
  • 00:03:41
    therefore I need to present two utility
  • 00:03:45
    bills right so the fifth one on the list
  • 00:03:49
    is you need to write a letter of
  • 00:03:52
    introduction stating
  • 00:03:55
    that you wish to open an account with
  • 00:04:00
    the bank that you're writing to so I
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    will drop a template or a format of a
  • 00:04:05
    letter of introduction that you can
  • 00:04:06
    adopt and um that will be all for now so
  • 00:04:10
    if you like this video please and please
  • 00:04:12
    kindly give it a thumbs up share and
  • 00:04:15
    subscribe to our YouTube channel for
  • 00:04:17
    more update I'm chis remain blessed
  • 00:04:21
    thank
  • 00:04:28
    you
الوسوم
  • Business Account
  • Nigeria
  • Requirements
  • Corporate Affairs Commission
  • Tax Identification Number
  • Identification
  • Utility Bill
  • Letter of Introduction
  • Commercial Bank
  • Pro Digital