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Savings Account

Savings Account

We have designed this to encourage saving habit. 

Features/Benefits

  • Minimum initial deposit of N1,000
  • Flexible and convenient method of saving e.g daily, weekly e.t.c
  • Monthly payment of interest


Account Opening Requirements for Regular Savings Account

  • Properly filled account opening form and signature mandate card
  • 2 Passport photographs of account holder
  • Means of identification e.g Int’l passport, Driver’s License, National ID card
  • Utility Bill

 

LOV Classic Account

It’s a savings account with the flexibility and convenience of a current account. It’s  tailored for business owners and self-employed individuals who ordinarily wouldn't like to pay COT.

 

Features/Benefits

  • Minimum balance of N1,000
  • Zero COT
  • Cheque book available
  • 3rd  party withdrawals
  • Allows other bank cheques and dividend warrant
  • Lov classic debit card

Account Opening Requirements for Lov Classic Account

  • Properly filled account opening form and signature mandate card (s)
  • 2 Passport photograph of account holder
  • Utility bill
  • Valid ID card –(Int’l passport, Driver’s License or National ID card)
  • 1 Reference

 

LOV Kiddies Account

Structured for children under the age of 17 years

Features/Benefits

  • Opening/Minimum balance N1,000
  • For Children aged between 0-17 years
  • Allows deposit of cash, other bank cheques and dividend warrants
  • Quarterly payment of interest
  • Access to Lov Loan (soft loan) to bridge Children’s School fees
  • Annual end of year parties for Lov kiddies partners
  • Birthday appreciation on the child’s birth date 

Account Opening Requirements for Lov Kiddies Account

  • Properly filled account opening form and signature mandate card(s)
  • 2 Passport photographs of the Child
  • 2 Passport photographs of the parents
  • Child’s birth certificate
  • Valid ID card(s) of the signatory – (Int’l passport, Driver’s License or National ID card)
  • 2 References in case of dividend warrant