Starting a business is an exciting journey, but it can also be overwhelming. One of the crucial aspects of running a successful business is having a reliable financial partner. With the right business account, you can easily manage your finances, make transactions, and access various financial services tailored to your business needs.

In this comprehensive guide, we will explore the different types of Lenco accounts available for businesses and help you find the perfect fit for your specific requirements.

Choosing the Right Lenco Business Account

When selecting the ideal Lenco business account for your needs, it’s essential to consider factors such as your business structure, transaction volume and financial goals. Let’s explore each Lenco account type in detail to help you make an informed decision.

Starter Account

The Starter account is perfect for unregistered businesses. This account offers basic essential features to help you manage your finances effectively.

REQUIREMENTS FOR ACCOUNT OPENING – STARTER

To open a Lenco starter account, you would need to provide your personal details which include:

1. Name
2. Address
3. Phone Number
4. Valid ID Photo

Pro Account

The Pro account is designed for registered business owners with a daily limit of 20 million naira

PRO ACCOUNT OPENING REQUIREMENTS

1. Company documents: CAC Certificate and Incorporation Document
2. Personal details and Next of Kin: Name, address, phone number and your relationship with the next of Kin. If there are other proprietors / directors they also need to be captured in the application
3. Valid utility bill
4. Valid ID
5. A clear photo Signature

Prime Account

The Prime account is for registered businesses with a daily transfer limit of 100 million naira

PRIME ACCOUNT OPENING REQUIREMENT

1. Company documents: CAC Certificate and Incorporation Document
2. A notarized stamp of every Foreign documents: ID, Incorporation documents Personal details and Next of Kin details If there are other proprietors / directors they also need to be captured in the application
3. Recent Utility Bill: Waste or electricity bill not later than 3 months
4. Evidence of TIN Valid ID A clear photo Certificate of SCUML registration (where applicable)
5. Signature Two Referees (must be holders of business accounts in any commercial bank in Nigeria): Name and Account number Address Description

Conclusion

Finding the perfect financial partner for your business is a crucial step toward financial success. Lenco offers a range of business accounts tailored to different needs, providing essential features, benefits, and personalized services to support startups, SMEs, sole traders, freelancers, and small businesses. Whether you choose the Starter, Pro, or Prime account, Lenco ensures the utmost trust, security, and safety for your funds.

Remember, managing your finances effectively is crucial for your business’s growth and sustainability. By choosing the right bank account and taking advantage of features like unlimited sub-accounts, you can streamline your financial management and pave the way for a successful business journey.

So, take the first step towards financial success by choosing the perfect Lenco account for your business today!