Open An Account Quickly and Rock the Amazing Benefits Offered by Consumer Microfinance Bank


One of the major focus of Consumer Microfinance Bank Ltd is in providing affordable financial services to over 48 million unbanked Nigerians, Small and Medium scale businesses in and around Abuja


Formerly known as WUSE UNITED COMMUNITY BANK LTD was established since 1995 and later transformed to Microfinance Bank status in 2007. 

The bank is one of the pioneering and leading MicroFinance Bankss in Abuja with an asset base of over N1, 000, 000,000.00, a customer base in excess of 50,000 active accounts and salary accounts of over 40 ministries, agencies and security outfits.
Consumer Microfinance Bank Ltd

Located at opposite FEBSON MALL at Plot 2087, Aisa house (Ground floor), Herbert Macaulay Way Wuse Zone 5, Abuja they have earned the trust and confidence of the Government agencies and SMEs, thereby positioning the bank strategically to lead the meteoric growth of the microfinance and micro leasing industry.
Consumer Microfinance Bank Ltd

Committed to providing efficient and responsive services to a select customer base, through a team of skilled, innovative and dedicated professionals.  Along with a state–of-the-art technology platform, Consumer Microfinance Bank has strived ceaselessly to achieve its vision.

Consumer Microfinance Bank Ltd

Some of their products and services are listed below:

SAVINGS ACCOUNTS

REQUIREMENTS:
Account Opening forms duly signed
Signature specimen duly signed
One recent Passport Photograph
Proper means of Identification of Signatories 
Proof of Address i.e recent utility bill or rent receipt 

REGULAR SAVINGS ACCOUNT 
FEATURES 
Opening balance of N1000.00
Interest rate@2.5% P.A if not more than 3 withdrawals per month
Deposit and withdraw anywhere, anytime using our correspondent banking and mobile money service.
Access to ATM 
Cheque book available on request
Minimum balance of N1000.00

SILVER SAVINGS ACCOUNT
FEATURES
Opening balance of N1,000.00
Interest rate @4.5% P.A for balance above N50,000 with less than or equal to 3 withdrawal per month.
A chance to win fabulous prizes from our quarterly draws.
Access to loan up to 1.5* average quarterly account balance
Minimum balance of N5,000.00

GOLD SAVINGS ACCOUNT
FEATURES
Opening balance of N1,000.00 
Interest rate @ 6% P.A for balance above N100, 000 with less than or equal to 2 withdrawals per month.
A chance to win fabulous prizes from our quarterly draws.
Access to loan up to 2* average quarterly account balance
Minimum balance of N50,000.00
Free sms alert 

PLATINUM SAVINGS ACCOUNT
FEATURES
Opening balance of N1,000.00
Interest rate @ 8% P.A for balance above 
N200,000 
One withdrawal per month
Customer can withdraw anytime without charge.
Access to loan up to 3* average quarterly account balance
Access to home appliance loan at a competitive rate.
Minimum balance of N100,000.00
Free Branchless Banking 
Free sms and transfer

END OF YEAR EXPENSES SAVINGS SCHEME 
FEATURES
Minimum opening Balance of N5,000
Monthly Deposit of at least N10,000
5% Interest rate as against the usual 3%
No withdrawal until after 12 months of unbroken build up
No ATM, Withdrawal slip or Cheque book.
Early withdrawal fee of 2% of amount withdrawn.
Withdrawal is by application.
Zero charges on alert and transfer.

BENEFITS
Free Life insurance cover with sum assured of estimated annual bal.
Bonus interest of 50% of the accrued interest to be added if no withdrawal and consistent deposit. 
No account maintainance fee
No Account opening fee
No sms charge.
Immediate renewal without any obligation

DAILY EXPRESS SAVINGS SCHEME 
FEATURES 
Minimum opening Balance of N1,000
Monthly Deposit of at least N5,000
3% Interest rate as against the usual 2%
Save as low as N200 daily, weekly or monthly as convenient


KOBO SAVINGS ACCOUNT 

FEATURES 
Opening balance of N1,000.00 
Zero minimum balance
Attractive Interest rate
Free SMS
One allowable withdrawal per month
Transfers to any bank within Nigeria

CURRENT ACCOUNTS
REQUIREMENTS 
Account Opening forms duly completed
One passport photograph(colored)
Identification of signatory (National ID card, Driver’s license and International passport)
Suitable references
Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement)
KYC form duly completed

PERSONAL CURRENT ACCOUNT
FEATURES
COT base of N3 per mille
Personalized Cheque book
Zero Minimum balance
Opening Balance of N5,000.00
ATM withdrawal of up to N150,000.00
Online Transfers
ATM card available

KOBO CURRENT ACCOUNT
FEATURES
Zero COT
Minimum balance of N250,000
Free SMS and E-mail alerts
Free transfers to any bank
Three withdrawals per month

SALARY ACCOUNT
FEATURES
Zero Opening Balance, COT and VAT
Immediate Salary payment upon receipt
Personalized cheque book
Stress-free overdraft
Loans with enhanced repayment tenure
ATM withdrawal of up to N150,000.00
Online transfers

CHILDRENS’ ACCOUNTS
C-KIDDIES
REQUIREMENTS 
Personal information form duly completed.
One passport photograph each of Parent and C-Kid.
Identification of parent (National ID card, Driver’s license and International passport)
Proof of address of parent
Birth certificate of C-Kid

FEATURES
Opening balance of N5,000
Minimum balance of N5,000
8% interest rate P.A
Minimum monthly deposit of N5,000
6 months unbroken build up qualifies C-Kid for 60 days school fee advance.
1 year unbroken build up qualifies C-Kid for bumper interest of 10% P.A
100% of account balance can be granted as loan for 90 days while continuous savings is maintained.
Allows lodgment of cheque and dividends.
Free accident cover for C-Kid.





Comments