Description:
A commercial current account is an operating account open to individuals (non-employees) or legal entities. Its distinctive feature is that it operates on the basis of reciprocal discounts, creates novation for each item entered in the account and allows the account holder to benefit from certain credit facilities (overdrafts, bill discounting, cash facilities, etc.).
Any customer who can prove that they are a trader, self-employed professional or craftsman may hold one or more current accounts (each account may be assigned to a specific activity and/or a specific location).
Benefits:
- Availability of funds on demand
- No limits on payments that could cap your assets
- Unlimited number of withdrawals
- Proxy possible
- Overdrafts, cash facilities, bill discounting, etc.
- Availability of a cheque book
- Ability to carry out international trade transactions (documentary discounts, documentary credits, etc.)
Documents to be provided and conditions for opening:
Sole trader current account
- Account opening request
- Extract from the Trade Register – RCCM (legalised)
- Unique Financial Identifier Number – UFI
- Valid proof of identity (National Identity Card, Consular Card, ECOWAS Card, or Passport)
- Two (02) identical passport photos of each signatory
- Mailing and geographic address
- Proof of the location of the business (electricity, water or landline telephone bill, lease agreement, etc.)
- Proof of administrative authorisations obtained for activities subject to approval and/or authorisation to commence operations
- Initial Deposit: Free of charge
Company account - Limited liability company
- Account opening request
- Complete copy of the articles of association (certified with the words "certified true and still in force" on the last page, notarised, dated and signed by the Manager)
- Extract from the Trade Register – RCCM (legalised)
- Unique Financial Identifier Number – UFI
- Valid proof of identity (National Identity Card, Consular Card, ECOWAS Card, or Passport)
- Two (02) recent passport photographs of each signatory, taken from the same print
- Mailing and geographic address
- Proof of the location of the business (electricity, water or landline telephone bill, lease agreement, etc.)
- Publication in the legal gazette
- If the Manager is not a statutory director, an extract from the collective decision of the partners who appointed the Manager must be provided and certified as true by a partner other than the Manager.
- If the management is carried out by one or more agents, the power of attorney listing the powers conferred must be submitted, along with specimen signatures of the agents.
- Proof of administrative authorisations obtained for activities subject to approval and/or authorisation to commence operations
- Initial Deposit: Free of charge
Company account - AS
- Account opening application duly signed by the Chairman or Chief Executive Officer
- Complete copy of the articles of association (certified with the words "certified true and still in force" on the last page, notarised, dated and signed by the Chairman or Chief Executive Officer)
- Extract from the Trade Register – RCCM (legalised)
- Unique Financial Identifier Number – UFI
- Publication in the legal gazette
- Minutes of the Board of Directors or General Meeting that appointed the directors and set out their powers.
- Possible power of attorney in favour of other representatives by persons authorised by the Board of Directors
- Valid proof of identity (national identity card, passport, consular card, ECOWAS card) of the CEO or managing director
- Two (02) recent passport photographs of each signatory, taken from the same print
- Mailing and geographic address
- Proof of the location of the business (electricity, water or landline telephone bill, lease agreement, etc.)
- Proof of administrative authorisations obtained for activities subject to approval and/or authorisation to commence operations
- Initial Deposit: Free of charge
State-owned company/EPA account
- Account opening request
- Articles of association (legalised)
- Decree appointing the director
- Extract from the Trade Register – RCCM (legalised)
- Unique Financial Identifier Number – UFI
- Possible power of attorney in favour of other agents
- Valid proof of identity (National Identity Card, Consular Card, ECOWAS Card, or Passport)
- Two (02) recent passport photographs of each signatory, taken from the same print
- Mailing and geographic address
- Authorisation from the Ministry of Finance to open the account
- Initial Deposit: Free of charge
Company account in formation
- Account opening request
- Draft statutes
- Valid proof of identity (National Identity Card, Consular Card, ECOWAS Card, or Passport)