New Dawn Services and Products

NEW DAWN INDIVIDUAL CURRENT ACCOUNT

Features

• Minimum Opening Balance of N1, 000
• Minimum Opening balance of N5,000 for loan customers
• Current Account Maintenance Fee of N2/Mil applies
• ATM Cards
• Account Online Real Time (SMS Alert, Mobile Banking)
• SMS Charge Applies
• Access to Personalized Cheque Book

Benefits:

• Easy to Sign On
• ATM Cards can be used for Online and POS purchase
• 24/7 Access to Cash from any ATM Machine in the Country

Documentation

• Duly Filled Account Opening Form
• Duly Filled Account KYC Form
• 2 Recent Passport Photographs
• Photocopy of a Valid Identity Card; National ID, Permanent Voters card, Driver’s License or International Passport. (Original must be sighted).
• 2 References
• Recent Utility Bill
• Duly completed specimen signature cards

NEW DAWN PREMIUM ACCOUNT (CURRENT ACCOUNT)

Features:

• Minimum Opening Balance of N10, 000
• Minimum sitting balance of N50, 000 for individuals and N100, 000.00 for business names
• Zero COT Charge
• ATM Cards
• Account Online Real-time (SMS Alert, Mobile Banking)
• Monthly Account Maintenance Charge will apply where customer’s sitting balance is below N50,000.00
• Access to Overdraft Facility
• SMS Charge applies
• Access to Personalised Cheque Book
• Private Banking Services Available

Benefit:

• Easy to Sign On
• 24/7 Access to Cash from Any ATM in the Country
• ATM Cards can be used Online and POS purchases

Documentation:

• Duly Filled Account Opening Form
• Duly Filled Account KYC Form
• 2 Recent Passport Photographs
• Photocopy of a Valid Identity Card: Permanent Voters, National ID, Driver’s License or International Passport. (Original must be sighted).
• 2 References
• Recent Utility Bill

DASUSU PRESTIGE CURRENT ACCOUNT (INDIVIDUAL)

Features:

• Opening Balance N2000.00
• Minimum daily savings of N2000.00
• ATM Cards
• Account Online Real Time (SMS Alert, Mobile Banking)
• No Monthly Account Maintenance Charge Applies
• SMS Charge Applies
• Access to Personalised Cheque Book
• Access to Overdraft Facility
• Private Banking Services Available

Benefit:

• Easy to Sign On
• ATM Cards can be used for Online and POS purchase
• 24/7 Access to Cash from any ATM Machine in the Country

Documentation:

• Duly Filled Account Opening Form
• Duly Filled Account KYC Form
• 2 Recent Passport Photographs
• Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport. (Original must be sighted).
• 2 References
• Recent Utility Bill

DASUSU PRESTIGE CURRENT ACCOUNT (CORPORATE)

Features:

• Opening Balance N5000.00
• Minimum daily savings of N5000.00
• ATM Cards
• Account Online Real Time (SMS Alert, Mobile Banking)
• No Monthly Account Maintenance Charge Applies
• SMS Charge Applies
• Access to Personalised Cheque Book
• Access to Overdraft Facility
• Private Banking Services Available

Benefits:

• Easy to Sign On
• ATM Cards can be used for Online and POS purchase (This is for sole proprietorship or enterprise)
• 24/7 Access to Cash from any ATM in the Country

Documentation for Companies:

• Duly Filled Account Opening Form
• Duly Filled Account KYC Form
• 2 Recent Passport Photographs of Signatories
• Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport of the signatories. (Original must be sighted).
• Recent Utility Bill
• Certified true copies of Certificate of Incorporation, Certificate of Registration, Form CO2 and CO7.
• Board Resolution.

Documentation for Companies already running corporate accounts with us

• Board Resolution approving the opening of the Top yield acct

NEW DAWN CORPORATE ACCOUNT

Features:

• Minimum Opening Balance of N10, 000
• Current Account Maintenance Fee applies
• Access to ATM Card on request and subject to Condition
• Account Online Real-time (SMS Alert, Mobile Banking)
• SMS Charge Applies
• Access to Personalised Cheque Book

Benefit:

• Easy to Sign On
• Minimal Search Charge Amount

Documentation:

• Duly Filled Account Opening Form
• Duly Filled Account KYC Form
• 2 Recent Passport Photographs of Signatories
• Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport of the signatories. (Original Must be Sighted).
• 2 References
• Recent Utility Bill
• Certified true copies of Certificate of Incorporation, Certificate of Registration, Form CAC 2 and CAC 7, CAC 2.3, CAC 3
• Board Resolution.
• Duly completed specimen signature cards
• Duly executed letter of set off

NEW DAWN SAVINGS ACCOUNT

Features:

• Minimum opening balance of N1, 000.00.
• Minimum operating balance of N1, 000.00
• Interest Rate of 4% P.A.
• ATM Cards available
• Account Online Real Time (SMS Alert, Mobile Banking)
• SMS Charge Applies

Benefits:

• Easy to Sign On
• Competitive Interest Rate
• 24/7 ATM Access to Cash
• Opportunity to Benefit from Future Bank Promos

Documentation

• Duly Filled Account Opening Form
• Duly Filled Account KYC Form
• 2 Recent Passport Photographs of account holder
• Photocopy of a Valid Identity Card; National ID, Permanent Voters card, Driver’s License or International Passport. (Original must be sighted).
• Evidence of utility bill, community billing, tenancy agreement (or letter from the village council to confirm customer’s residence)

NEW DAWN TOP YIELD TARGET SAVINGS ACCOUNT (FOR INDIVIDUALS AND COMPANIES)

Features:

• Minimum Opening Balance of N500
• Interest Rate of 7% per annum for savings tenor from 2 months and above (where customer withdraws before the due date, he/she loses the interest.)
• Account Online Real Time (SMS Alert, Mobile Banking)
• SMS Charge Applies
• No withdrawal in a quarter

Benefits:

• Easy to Sign On
• Competitive Interest Rate
• Access to Project Finance Loan Opportunities
• Savings may serve as Equity Contribution for Project Finance Loan

Documentation for Individuals:

• Duly Filled Account Opening Form
• Duly Filled Account KYC Form
• 2 Recent Passport Photographs
• Photocopy of a Valid Identity Card: Permanent Voters Card, National ID, Driver’s License or International Passport. (Original must be sighted).
• Evidence of utility bill, community billing, tenancy agreement (or letter from the village council to confirm customer’s residence)
• Savings Agreement form
• Savings Marking Card

Documentation for Companies:

• Duly Filled Account Opening Form
• Duly Filled Account KYC Form
• 2 Recent Passport Photographs of Signatories
• Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport of the signatories. (Original must be sighted).
• Recent Utility Bill
• Certified true copies of Certificate of Incorporation, Certificate of Registration, Form CO2 and CO7.
• Board Resolution.
• Savings Agreement form

Documentation for companies already running corporate accounts with us:

• Board Resolution approving the opening of the Top yield acct

NEW DAWN CHILDREN’S ACCOUNT (BACK TO SCHOOL)

Features:

• Minimum Opening Balance of N1, 000 per child
• Sitting balance N1000.00
• Interest Rate of 4% P.A for 6 months
• Save for One Year without withdrawal and Increase Interest Rate to 7%
• 200% of total savings as a facility to pay the children’s school fees.
• Standing Order from Parents Account to this account.
• 10% equity contribution applied on the savings

Benefits:

• Easy to Sign On
• Competitive Interest Rate
• Affords Parents Financial Discipline

Documentation:

• Duly Filled Account Opening Form
• Duly Filled KYC Form
• 2 Recent Passport Photographs of the parents
• Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport of parents (Original Must be Sighted).
• Birth Certificate of child or children
• Evidence of utility bill (or letter from the village council to confirm customer’s residence)

DASUSU DAILY SAVINGS ACCOUNT

Features:

• Minimum Opening Balance of N100
• No Interest Rate
• No ATM Cards
• Minimum Daily contribution of N100
• Marketing Card Charge of N200
• No SMS Charge
• Bank commission to be 80% of a day’s savings on the first month and 20% goes back to the customer
• For subsequent month’s savings, bank’s commission reduces by 10% and Customer’s commission increases by 10% till the 8th month.
• For continuous savings after the 8th month interest of 7% per annum.

Benefits:

• Easy to Sign On
• Access to collateralized Loan
• Affords Customer Financial Discipline

Documentation:

• Duly Filled Account Opening Form
• Duly Filled Account KYC Form
• 2 Recent Passport Photographs
• Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport. (Original Must be Sighted this applies when the customer wants to collect loan).
• Evidence of utility bill, community billing, tenancy agreement (or letter from the village council to confirm customer’s residence)

DASUSU MICRO DAILY SAVINGS ACCOUNT (GROUP)

Features:

• Minimum Opening Balance of N200 per person
• Group members must be in the same location
• Minimum 7 members
• Minimum daily contribution of N50.00
• Marketing Card Charge of N200.00
• Weekly SMS Charge applies
• Bank commission to be 80% of a day’s savings on the first month and 20% goes back to the customer
• For subsequent month’s savings, bank’s commission reduces by 10% and Customer’s commission increases by 10% till the 8th month.
• For continuous savings after the 8th month interest of 7% per annum.

Benefits:

• Easy to Sign On
• Access to collateralized Loan
• Affords Customer Financial Discipline

Documentation:

• Duly Filled Account Opening Form by each group member
• Duly Filled Account KYC Forms
• 2 Recent Passport Photographs
• Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport. (Original must be sighted where customer wants to collect loan).
• Evidence of utility bill (or letter from the village council to address customer’s residence)