ATM (Automatic Teller Machine)

    The ATM is designed to function as transaction (financial services) processing centers within the branch or at designated locations outside the branch premises. The ATM integrates directly to InterSwitch payment infrastructure and support real time online processing and settlement of transactions done outside an office environment.

    The ATM supports the following functions

    • Balance inquiries
    • Cash withdrawals
    • Printing of mini account statements
    • Transfer of funds
    • Mobile phone airtime vending
    • Bills payment

    Downloads

    School Fee Made Easy Account

    People hardly realize that savings can be made stress-free, while big problems fall like a pack of cards on a day of surplus. The perception that savings arise from surplus income is really a way of holding people in perpetual bondage. Do you realize that if you discipline yourself and save N500 daily for 260 working days of the year, you can save N130,000.00. This is more than school fees in most public universities. The good news is that if you save consistently for 130 days, the bank can advance 50% of the amount to pay your (ward’s) fees while you continue to save to repay the loan.

    Features

    • Initial deposit of 2,000.00
    • Save for educational purposes
    • Simplified account opening procedures
    • Designed for students in tertiary institutions

    Benefits

    • Attractive interest rate
    • Access to electronic payment platform 24/7
    • Flexible operations
    • No penalty for withdrawal

    Downloads

    Point of Sale (POS)

    A Point of Sale (PoS) terminal is a portable device that allows local debit cardholders make payment for goods and services in a retail environment.

    CRUTECH MFB PoS terminal provides a convenient, modern & efficient means of processing payment online & real-time as value is credited to the customer’s account within 24 hours.

    These terminals can be used to perform a variety of financial transactions such as:

    • Purchase
    • Vending airtime (recharge)
    • Balance enquiry

    Benefits

    The benefits of the PoS terminal to Merchants include the following:

    • Improved efficiency minimizes cash handling and aids reconciliation
    • Increase in sales as Merchant have access to both cash and card-carrying Customers
    • Instant confirmation of payment for goods
    • Reduces cost of Personnel and equipment for handling cash receipts
    • Eliminates the inconvenience of cheque confirmation and clearing period.

    ATM (Automatic Teller Machine)

    The ATM is designed to function as transaction (financial services) processing centers within the branch or at designated locations outside the branch premises. The ATM integrates directly to InterSwitch payment infrastructure and support real time online processing and settlement of transactions done outside an office environment.

    The ATM supports the following functions

    • Balance inquiries
    • Cash withdrawals
    • Printing of mini account statements
    • Transfer of funds
    • Mobile phone airtime vending
    • Bills payment

    Verve Card

    This is a multipurpose EMV compliant payment card that give the cardholder 24/7 online real-time access to fumds in his/her account with the bank across all payment channels on the network- ATM, POS terminal, web, mobile and kiosk.

    The Verve Card Benefits

    • The issuance of the Verve card by the bank to its customers makes the bank a one stop shop.
    • The Verve card gives the cardholder security of funds, as Verve is the most secure card in Nigeria.
    • The Verve card is means for cost saving for customers, as they enjoy instant discounts when they make purchases at select merchant locations.
    • The Verve card gives the cardholders unbeatable convenience through the value added services feature – ability to pay bills (DSTV, HITV, PHCN, etc), recharge telephone, make donations, transfer funds, etc across all channels on the network – ATM, POS, Mobile, Web, Kiosk
    • Verve card now accepted in the USA and all UBA terminals across Africa

    Downloads

    Personal Loan Against Salary

    This is a loan that gives you money when you need most. It is a short to medium term payroll based loan that helps you pay for planned expenses such as school fees, medical bills, house rent etc.

    Benefits

    • Access to loans up to 1,000,000.00
    • Flexible tenor from 3 – 24 months
    • Competitive interest rates
    • Opportunity to access repeat loans.

    Qualifying Criteria

    • Domiciliation of salary executed by the employer in favour of CCMFB.
    • Beneficiaries should be employees of State and local governments.
    • Deduction of principal and interest should not exceed one-third (1/3) of net monthly salary.

    How to apply

    • Applicant will write a letter of application for the loan.
    • Applicant completes the loan application form.
    • The employee will provide an irrevocable letter of instruction to his/her employer to remit monthly salary to the bank until the loan is fully liquidated.
    • The applicant will submit two (2) third party guarantors who are acceptable to the bank.
    • Provide current pay slips (for three months).

    Downloads

    Overdraft

    This facility is designed for current account holder who would be permitted to draw in excess of his/her credit balance with a view to paying back within a short duration.

    Benefits

    • It affords customers access to fund in times of temporary illiquidity.
    • It can be a revolving/ structured or temporary overdraft with a tenor of 30 days.
    • Repayment arrangement is one-off or by gradual reduction.
    • No collateral is required for salary accounts domiciled with the CCMFB.

    Qualifying Criteria

    • Individuals or corporate bodies in account relationship for 3 – 6 months.
    • Domiciliation of salary executed by the employer in favour of CCMFB.
    • Demonstrate ability to repay through regular cash flow (Business accounts).
    • Provision of two third party guarantors or collateral acceptable to the bank.

    How to Apply

    • Written application should be submitted for revolving/structured facility.
    • Customer should complete application form.

    Downloads

    Target Savings Account

    This product is specially designed for festival period like Christmas, Easter etc. It is also suitable for clients who have the desire for a performance weekly or monthly savings plan.

    Features

    • Interest rate is attractive
    • Savings plan for a specific purpose
    • Flexibility in operations of the account
    • A standing order can be established for periodic transfer from current account
    • Premature withdrawals will attract 10% penalty on agreed interest.

    Requirements

    • Interest is higher than a regular savings account
    • It is a convenient way to grow your money
    • The target amount and period of investment is determined by the client.
    • It can be used as collateral for loan

    Downloads

    Download, Print, Fill and Submit the Saving Form

    Kiddies Account

    Planning for the future of the child starts with making financial provision for his/her education and basic needs. You can open a minor account with as low as 1,000.00 for a child who is below 18 years of age and save consistently to guarantee a better and secure future for the child.

    Features

    • Minimum opening balance of 1,000.00.
    • Simplified account opening procedures
    • Parents/guardians to operate the account for children below 16 years.
    • Transfer of account to minor upon coming of age.

    Requirements

    • Guaranteed interest rate
    • Access to electronic payment platform 24/7
    • Flexible operations
    • No penalty for withdrawal

    Downloads

    Download, Print, Fill and Submit the Saving Form

    Fixed Deposit Account

    CCMFB Fixed Deposit Account is a high yield investment account designed to assist you earn attractive interest on any idle cash for a predetermined period of time.

    With CCMFB Fixed Deposit Account you can better manage your finances and get maximum benefits from any unutilized money in your possession

    Features

    • Minimum of 100,000.00
    • Very attractive interest rate
    • Quick access to funds at maturity
    • Can be used as security for loan

    Benefits

    • Earn higher interest than a regular saving account
    • Easy to open and operate

    Downloads

    Download, Print, Fill and Submit the Saving Form

    Corporate Account

    This is a deposit account where deposits can be made in person or through proxy but withdrawals are done in person. It attracts interest that is competitive in the banking industry.

    Features

    • No minimum operating balance (account can be operated at zero balance)
    • No limit to number of withdrawals in a month
    • Attracts Commission on Turnover (COT) and other charges
    • Funds transfer and bank cheques/drafts allowed on account

    Requirements

    • Minimum opening balance of ₦10,000.00.
    • Account Opening form duly completed
    • Specimen signature card duly completed
    • Copy of CAC Certificate of Registration
    • Board Resolution
    • Approval Letter (for Government Agency)
    • Act/Gazette (for Government Agency) (where applicable)
    • Copy of Memorandum and Article of Association
      (certified as true copy by the Registrar of Companies)
    • Form C07 Particulars of Directors (Certified copies by the registrar of Company and certification by a National Public for Foreign Companies)
    • Form C02 Allotment of Shares (Certified copies by the registrar of Company and certification by a National Public for Foreign Companies)
    • Partnership Deed (where applicable)
    • Two(2) passport sized photographs of each signatory to the account with
      name witten on the reverse Side
    • Introduction letter (where applicable)
    • Status report from Banker (where applicable)
    • Resident Permit (for non -Nigerian)
    • Evidence of Registration with Nigerian Investment Promotion Council
      (NIPC) (where applicable)
    • Evidence of Registration with Special Control Unit on Money Laundering (SCUML) (where applicable)
    • Power of Attorney (where applicable)
    • Letter of Indemnity
    • Proof of Company Address
    • Business Premises visitation Certificate
    • Proof of Identity of all Signatories and Directors/Officers whose name appears on the account opening form / document (Preferred Identity card are Int’l Passports, National Identity Dard, National Licence, and Valid Voter’s Card)
    • Proof of Address of all Signatories and Directors/Offices whose name appear on the account opening form/document Utility bill (Certified true copy is acceptable if original is not held)
    • Two Completed satisfactorily reference forms.
    • Copy of the audited Financial Statements

    Downloads

    Download, Print, Fill and Submit the Account Opening Form

    Current Account (Individual)

    This is checking account where deposits are made and withdrawals done in person or through proxy (a named payee). It is the basic account for anyone who aspires to obtain a loan or other credit facilities.

    Features

    • No minimum operating balance (account can be operated at zero balance)
    • No limit to number of withdrawals in a month
    • Attracts Commission on Turnover (COT) and other charges
    • Funds transfer and bank cheques/drafts allowed on account

    Requirements

    • Minimum opening balance of ₦2,000.00.
    • Means of identification (National ID, International Passport, driver’s license)
    • Utility Bill of Applicant (PHCN bill, Water Rate Bill, Tenement Rate, Rent Receipt)
    • Two Passport size photographs of Applicant

    Downloads

    Download, Print, Fill and Submit the Saving Form

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