GUIDE TO OPENING YOUR SOLE PROPRIETORSHIP /

PARTNERSHIP ACCOUNT
Please complete all relevant portions of the application Form and Account Opening Mandate
and return this package along with the following documents:

1.

One completed Mandate form (Already enclosed inside this page)

2.

Two Reference Forms each duly completed by an Individual or Corporate body maintaining
a Current Account with a bank in Nigeria (Detachable Reference Forms are included in
this package)

3.

Copy of Certificate of Registration of a Business Name

4.

Copy of Form 2 (Showing the Name(s) of the Proprietor/Partners)

5.

Partnership Deed (where applicable):

One passport photograph of each Signatory (Showing full face forward)

7.

Current Identification Document for each Signatory e.g. International Passport, Drivers
Licence etc.

8.

For nonnationals, a copy of the current residents permit/work permit.

Basic Customer Information

Name of Account:
Registration No:

Date of Reg.:

Registered Business Address:

Correspondence Address:

Email:

Telephone Nos:

Fax:

Local Government Area:

Nature of Business:

Estimated Annual Turnover (N):

Resident Permit No. (Foreigners)

Tax Identification No: :

Nigerian Export Promotion Council (NEPC) No. (If applicable):

To:
The Manager,
Guaranty Trust Bank plc,
Next of Kin

Name:

Relationship:

Contact Address:

Telephone No(s):
Mobile:

Remarks (if necessary):

Office:

Signatory Personal Information Form

Title

Surname:

Other names:
Date of Birth:

Sex: Male

Female

Marital Status: Single

Married

Email Address:
Mode of Identification:

ID Number:

Issue Date:

Expiry Date:

Nationality:

State of Origin:

LGA:

(Nigerian only)

(Nigerian only)

Residential/Contact Address:

Office Address:
Profession:
Telephone
No.: Home:

Office:

Mother's Maiden Name:

Mobile:
Next of Kin:

I hereby attest that the above information is true and complete.

Signature:

Official Use Only

Verified By:

Signature/Date:

Signatory Personal Information Form

Title

Surname:

Other names:
Date of Birth:

Sex: Male

Female

Marital Status: Single

Married

Email Address:
Mode of Identification:
Issue Date:

Nationality:

ID Number:
Expiry Date:

State of Origin:

LGA:

(Nigerian only)

Residential/Contact Address:

Office Address:
Profession:
Telephone
No.: Home:

Office:

Mother's Maiden Name:

I hereby attest that the above information is true and complete.

Mobile:
Next of Kin:

Signature:

Official Use Only

Verified By:

Signature/Date:

(Nigerian only)

GTMax
Please tick and sign your preferred option
GTMAX SILVER
Account features:
* Minimum Opening balance is N150,000.00
* Minimum account balance is N100,000.00
* Zero COT
* Interest is paid on daily balances at a rate referenced to Guaranty Trust Bank`s prevailing
Savings account rate. (Kindly visit www.gtbank.com for interest rate details on this product)

* PLEASE NOTE THE CONDITIONS APPLICABLE

A maximum of five(5) withdrawals are allowed per month. In any month where more than 5 withdrawals are
made, a C.O.T charge of N5/mille will be applied on all the transactions for the month.
A minimum account balance of N100,000.00 must be maintained in this account at all times. In any month the
account goes below the minimum account balance, a C.O.T charge of N5/mille will be applied on all the transactions
for the month and no interest will be paid on the account for that month.
A cumulative monthly turnover (total withdrawals) of Twenty Five Million Naira (N 25,000,000.00) must not be exceeded. In
any month where more than the cumulative withdrawal(s) is/are made, a C.O.T charge of N5/mille will be applied on all
transactions for the month

Signature

Date

GTMAX GOLD
Account features
* Minimum opening amount is N500,000.00
* Minimum account balance is N250,000.00
* Zero COT
* Interest is paid on daily balances at a rate higher than the prevailing Guaranty Trust Bank`s
Savings account interest rate. (Kindly visit www.gtbank.com for interest rate details on this product)

* PLEASE NOTE THE CONDITIONS APPLICABLE

A maximum of five(5) withdrawals are allowed per month. In any month where more than 5 withdrawals are
made, a C.O.T charge of N5/mille will be applied on all the transactions for the month.
A minimum account balance of N250,000.00 must be maintained in this account at all times. In any month the
account goes below the minimum account balance, a C.O.T charge of N5/mille will be applied on all the transactions
for the month and no interest will be paid on the account for that month.
A cumulative monthly turnover (total withdrawals) of Twenty Five Million Naira (N 25,000,000.00) must not be exceeded. In
any month where more than the cumulative withdrawal(s) is/are made, a C.O.T charge of N5/mille will be applied on all
transactions for the month

Signature

Date

GTMAX PLATINUM
Account features
* Minimum Opening amount is N1,000,000.00
* Minimum account balance is N500,000.00
* Zero COT
* Interest is paid on daily balances at a rate higher than the prevailing Guaranty Trust Bank`s
Savings account interest rate. (Kindly visit www.gtbank.com for interest rate details on this product)

* PLEASE NOTE THE CONDITIONS APPLICABLE

A maximum of five(5) withdrawals are allowed per month. In any month where more than 5 withdrawals are
made, a C.O.T charge of N5/mille will be applied on all the transactions for the month.
A minimum account balance of N500,000.00 must be maintained in this account at all times. In any month the
account goes below the minimum account balance, a C.O.T charge of N5/mille will be applied on all the transactions
for the month and no interest will be paid on the account for that month.
A cumulative monthly turnover (total withdrawals) of Twenty Five Million Naira (N 25,000,000.00) must not be exceeded. In
any month where more than the cumulative withdrawal(s) is/are made, a C.O.T charge of N5/mille will be applied on all
transactions for the month

Signature

Date

Sole Proprietorship/Partnership Account Mandate

To: Guaranty Trust Bank plc.

Name of account
I/We the undersigned being the sole proprietor/the present individual partners in the above mentioned firm which has been duly registered
under the Registration of Business Name Act hereby request and authorise you:
1.

To open a GTMax account in my/our firm's name.

2.

To honor all cheques, bill of exchange, promissory notes, deposits, receipts, and other orders, drawn or endorsed and all bills
accepted on behalf of the firm and to charge the amount of all such orders of accepted bill to the debit of the amount(s) whether
the account be in credit or overdrawn or shall become overdrawn in consequence of such debit without prejudice to your right to
refuse to allow any overdraft or increase of overdraft and I/We shall be jointly and severally responsible for the repayment of any
overdraft and interest and in consideration I/We agree:
.
a.

to assume full responsibility for the genuineness or correctness and validity of all endorsements appearing on all
cheques, orders, bills, notes, negotiable instruments, receipts and/or other documents deposited in my/our account.

b.

to be responsible for the repayment of any overdraft with interest and be bound by the Banks rules for the conduct of
a current account receipt of which I/We hereby acknowledge.

c.

that I/We will make a maximum of five withdrawals per month. That in any month I/We make more than 5 withdrawals, C.O.T
charge of N5/mille will be applied on all the transactions for the month.

d.

that if a cheque credited to my/our GTMax account is returned dishonoured the same my be transmitted to me/us through my/our
last known address either by bearer or by post.

e.

that I/We will not make withdrawal(s) above the cumulative maximum of Twenty Five Million Naira (N 25,000,000.00) per month.
That in any month I/We make more than the cumulative Twenty Five Million Naira (N 25,000,000.00), a C.O.T charge of N5/mille will
be applied on all transactions for the month

f.

that interest shall be paid on any amount standing to the credit of this account at the prevailing interest rate offered for each
account class, determined by the bank from time to time.

g.

that we will not make any withdrawal against the minimum account balance. That in any month our account goes below the
minimum account balance interest benefits on the account for that month will be forfeited and a COT charge of N5/mille will
be applied on all the transactions for the month.

h.

to free the Bank from any responsibility for any loss of or damage to funds deposited with the bank due to any future Government
order, law, levy, tax, embargo, moratorium, exchange restriction and/or all other causes beyond the Banks control.

i.

that all funds standing to my/our credit are payable on demand only in such local currency as may be in circulation.

j.

to be bound by any notification of change in conditions governing the account directed to my/our last known address and any
notice or letter sent to my/our last known address shall be considered as duly delivered and received by me/us at the time it would
be delivered in the ordinary course of post.

3.

To deal with any property, securities, valuables or documents of title which may be deposited with the Bank by the firm whether for
safe keeping or otherwise when instructions to such effect is given to the Bank in writing and signed by me/ any of the Partners or
by any other signatories specified below.

4.

To honour any contract entered into with the Bank for the purpose and/ or sale of foreign exchange and to deposit other securities
with the bank as security for such contract, I/We further agree to:
(a)

deliver to the Bank not later than 60 days after the payment of foreign currency or against the firm's import transaction and in
any other case not later than 10 days after the arrival of eligible goods in Nigeria, the exchange control of Custom Bill of Entry
and other allied documents.

(b)

indemnify the Bank against loss or damage incurred as a result of failure to provide the required Custom Bill of Entry and/ or to
comply with any Nigerian Customs or Exchange Control Regulation.

(c)

the debiting of the firm's account or pay on demand to the bank any difference in exchange rate due to fluctuation in rates
between the time of instruction and the completion of the transaction.

5.

I/We agree that advances to the firm by way of overdraft discount, loan mortgage or otherwise credits generally and the issue of
guarantees by you from time to time may be arranged by myself or by any other signatory (ies) specified below provided that any
document relating thereto, any mortgage pledge or other security documents of title relating thereto secure any such advances
and any obligations and any undertakings by myself or by any other signatory (ies) specified below.

6.

I/We agree that the Bank may, at any time without notice, notwithstanding any settlement of account of any other matter
whatsoever combine or consolidate all or any of the then existing account(s) opened in the name of the firm and set off,
appropriate or transfer any sum(s) standing to the credit of any of such accounts towards satisfaction of any liabilities of the firm
whatsoever, whether such liabilities be present or future, actual or contingent, primary or collateral and several or joint.

7.

I/We agree that in the absence of any directive to the contrary, any account(s) subsequently opened shall be operated and dealt
with upon the terms set out above in so far as the same may be applicable.

8.

I/We agree that this authority shall remain in force until written notice of revocation shall have been received by the Bank
notwithstanding any change in the constitution or name of the firm, provided always, however that the authority under
paragraph 5 above may not be revoked except with the Bank's prior written consent and subject to such terms and
conditions as the Bank shall determine to impose.

9.

Customers should not write out cheques in staffs name. All cheques for deposits should be made out in customers name.

10.

Customers should desist from transferring money from their accounts into staffs accounts Impromptu cash pick up a the customers
premises by staff should not Exceed N500, 000

11.

Customers who wish to enjoy cash pick up services should make a formal request which would be handled in accordance with the
laid down procedure for cash pick. Cash in excess of N500,000 should be paid over the counter by the customer.

Credit Bureau
We acknowledge that the Bank consults with various credit bureaus and reference agencies, and may be required to disclose the Companys
information to these credit bureaus for the purpose of conducting checks on the Company,. We hereby irrevocably and unconditionally
grant our consent to the Bank and expressly authorizes such disclosure of any or all information on our account(s)/transaction(s) with the
Bank, to such credit bureau and reference agencies whether based locally or abroad, including information on our partners and other
personnel, transactions and conduct on the Customer's account together with details of any nonpayment or delayed payments as the Bank
may deem necessary. The consent herein given discharges the Bank from all liabilities, claims, and damages for such disclosure made by the
Bank to any credit bureau pursuant to the consent herein granted.

Declaration
I/We apply for the opening of an account or accounts with Guaranty Trust Bank plc. I/We understand that the information given herein is the
basis for opening such account(s) and therefore warrant that such information is correct.
I/We agree to be bound by terms and conditions governing the operation of the account(s).

Date
Signature

Date
Signature

PERSONS AUTHORISED TO OPERATE THE ACCOUNT

Name

Please specify title

Surname

1.
First Name

Other Name

Passport
photograph

Signature

Name

Please specify title

Surname

2.

Passport
photograph
First Name

Other Name

Signature

Name

Please specify title

Surname

3.
First Name

Other Name

Passport
photograph

Signature

Authorised combination
(where there is more than one signatory)

Signature of Sole Proprietor/Senior Partner

Reference Information

Accounts held with other Banks

Bank 1

Name:
Address:
Account No.:

Bank 2
Name:

Address:

Account No.:

Specimen Rubber Stamp

FOR BANK USE ONLY

DOCUMENT OBTAINED
Yes

Deferred

Waived

COMPLETED SIGNATURE CARD (1)

REFERENCE FORMS (2)
COPY OF CERTIFICATE OF REGISTRATION
COPY OF FORM 2
PARTNERSHIP DEED (WHERE APPLICABLE)
PASSPORT PHOTOS(S)
COPY OF IDENTIFICATION:
KYC & ADDRESS VERIFICATION:
ACCOUNT MANAGERS CODE:

Documentation Checked

C. I. S.
Name

Initial

Date

Initial

Date

Initial

Date

Deferral/waiver Of Documents Authorised:

Name

Account Opening Authorised:

Name

GTMSP/S&B/130711