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Consumer MFB Personal Banking products are targeted at individuals. As an individual you can operate a current account, request for a loan, start a savings, invest your funds (FD) or simply use our convenient payment solutions via cards or mobile, we can offer a comprehensive suite and even custom accounts.

Take charge of your finances and enjoy seamless banking services at your convenience.

Requirements
  • Account opening form duly completed
  • One passport photograph(colored)
  • Identification of signatory (National ID card, Driver’s license and International passport)
  • Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement
  • Reference forms duly completed
Features and Benefits
  • COT base of N5 per mille
  • Personalized Cheque book
  • Zero Minimum balance
  • Opening Balance of N5,000.00
  • ATM withdrawal of up to N150,000.00
  • Online Transfers

Salary collection has never been easier. Consumer MFB salary account is specially tailored to meet the every need of our customers be it Civil servants or Public servants.

Requirements
  • Account opening form duly completed
  • One passport photograph(colored)
  • Identification of signatory (National ID card, Driver’s license and International passport)
  • Official Identification card
  • Letter of introduction from customer’s office
  • Six months statement of account from previous salary domiciled bank
Features and Benefits
  • 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

Have you been searching for a convenient and easy to operate current account? Look no further. We offer you a specially tailored current account with the benefits of both current and savings accounts.

Requirements
  • Account opening form duly completed
  • One passport photograph(colored)
  • Identification of signatory (National ID card, Driver’s license and International passport)
  • Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement
  • Reference forms duly completed
Features and Benefits
  • Zero COT
  • Minimum balance of N250,000.00
  • Free SMS and email alerts
  • Free transfers to any Bank within Nigeria
  • Three allowable withdrawals per month

At Consumer MFB, we anticipate your need to save for the rainy day. That’s why we offer you a hassle free opportunity to make your dreams come through

Requirements
  • Account opening form duly completed
  • One passport photograph(colored)
  • Identification of signatory (National ID card, Driver’s license and International passport)
  • Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement)
Features and Benefits
  • Minimum balance of N1000
  • Attractive Interest rate
  • Availability of cheque book on request
  • Helps you establish loan repayment capacity
  • Transfers to any bank within Nigeria

Daily Express Savings Scheme

Take a bold step towards managing your finances effectively. Daily Express Savings Scheme avails you the opportunity of saving at your convenience.

Requirements
  • Account opening form duly completed
  • One passport photograph(colored)
  • Identification of signatory (National ID card, Driver’s license and International passport)
  • Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement)
Features and Benefits
  • Opening balance of N1,000
  • Mininum monthly deposit of N5,000
  • Attractive interest rate
  • Transfers to any bank within Nigeria

End Of Year Expense Savings Scheme

Little drops of a water they say, makes a mighty ocean. We offer you a savings non-transactional account to enable you set and achieve your goals.

Requirements
  • Account opening form duly completed
  • One passport photograph(colored)
  • Acceptable means of Identification(National ID card, Driver’s license and International passport)
  • Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement)
Features and Benefits
  • Minimum Opening balance of N5,000
  • Minimum monthly deposit of N10,000.00
  • Interest rate of 5% P.A
  • 12 months unbroken build up
  • Premature withdrawal charge of 2% on account balance.
  • Bonus interest of 50% on accrued interest if savings is consistent
  • Zero account maintenance fee
  • Free SMS notifications
  • Immediate renewal without obligation

At Consumer MFB, we make it easy for you to put aside funds for what you want. Be it a house, dream vacation or new car, our Kobo Savings Account puts you on the part to success.

Requirements
  • Account opening form duly completed
  • One passport photograph(colored)
  • Identification of signatory (National ID card, Driver’s license and International passport)
  • Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement)
Features and Benefits
  • Opening balance of N1,000
  • Zero minimum balance
  • Attractive Interest rate and free SMS
  • One allowable withdrawal per month
  • Transfers to any bank within Nigeria

C-Kiddies Account is designed to encourage parents invest in their children aged 0 – 17 years. It is a custom-made account which helps parents develop a savings culture in their children.

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 (PHCN, Water Rate, NITEL or Tenancy Agreement
  • Birth certificate of C-Kid
Features and Benefits
  • Opening Balance of N5,000.00
  • Minimum balance of N5,000.00
  • 8% interest rate P.A
  • Minimum monthly savings of N5,000.00
  • Six months unbroken deposit automatically qualifies C-Kid for 60 days School Fees Advance
  • 100% of account balance can be granted as loan for 90days while continuous savings is maintained
  • Allows lodgment of Cheques and Dividends into account
  • 1 year unbroken buildup qualifies C-Kid for bumper interest of 10% per annum
  • Free accident cover for the C-Kid


At Consumer MFB, we understand your business is unique, so we offer solutions that address your specific needs ranging from managing your working capital, growing your business, to protecting it and increasing your yield. Choose what we can do for you and your business.

Requirements
  • Account opening form duly completed
  • One passport photograph(colored)
  • Identification of signatory (National ID card, Driver’s license and International passport)
  • Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement
  • Reference forms duly completed
Features and Benefits
  • COT base of N5 per mille
  • Personalized Cheque book
  • Zero Minimum balance
  • Opening Balance of N5,000.00
  • ATM withdrawal of up to N150,000.00
  • Online Transfers

At Consumer MFB, we are committed to providing cash and risk management solutions for our Corporate clients. Our corporate account is signed for Limited Liability Companies, NGO’s, Registered Business Names, Churches, etcetera.

Requirements
  • Account opening form duly completed
  • One passport photograph(colored)
  • Identification of signatory (National ID card, Driver’s license and International passport)
  • Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement
  • Reference forms duly completed
  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Forms CO7 (Particulars of Directors) where applicable
  • Forms CO2 (Particulars of Shareholders) where applicable
  • Board Resolution
  • Certificate of Registration (where applicable)
  • Incorporation of trustee (where applicable)
Features and Benefits
  • COT base of N5 per mille
  • Personalized Cheque book
  • Zero Minimum balance
  • Opening Balance of N5,000.00
  • ATM withdrawal of up to N150,000.00
  • Online Transfers


No matter which group or society you belong to, at Consumer MFB, we have world-class banking products and services to support you at every stage. We offer the following banking services to cooperatives.

This account is specially tailored for our cooperative customers to enable them access loans as a body while carrying out day to day transactions

Requirements
  • Properly filled personal bio data forms of each signatory
  • Two recent passport photographs of each signatory
  • Valid Identification of each signatory
  • Certification of registration of the Cooperative
  • Constitution of the Cooperative
  • Resolution to appoint CONSUMER MFB as banker
  • Utility bill
  • Minutes of most recent meeting
Features and Benefits
  • Minimum opening balance of N20,000
  • No minimum balance required.
  • Competitive Interest on Loans.
  • No monthly maintenance fee
  • Savings rate at 2% higher than nominal interest rate for members.
  • Availability of loans for members

The Cooperative Savings Account is designed to enable cooperatives save at their convenience without any charge. It is simply a safe way of ensuring that our cooperative customers enjoy stress-free savings services.

Requirements
  • Properly filled personal bio data forms of each signatory
  • Two recent passport photographs of each signatory
  • Valid Identification of each signatory
  • Certification of registration of the Cooperative
  • Constitution of the Cooperative
  • Resolution to appoint CONSUMER MFB as banker
  • Utility bill
  • Minutes of most recent meeting
Features and Benefits
  • Minimum opening balance of N10,000
  • Maintain a minimum balance of N1000
  • Competitive Interest payments.
  • No monthly maintenance fee
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