How to Open a Joint Account at Zenith Bank: A joint account with Zenith Bank provides a way for people or organisations to jointly own an account with common access and management rights. Couples, business partners, family members, and other groups with similar financial interests frequently open this kind of account.
Convenience and openness in handling shared spending or finances are two of the main motivations for having a joint account. Financial management procedures are streamlined since they enable all parties to make contributions, track transactions, and keep an eye on the account’s activities simultaneously.
Additionally, Zenith Bank joint accounts promote confidence and financial cooperation among account holders. Each person or entity that has access to the account can learn more about the financial choices and transactions that are made within it. This openness encourages responsibility and may aid in averting miscommunications or financial disputes. Since everyone has equal ownership and responsibilities, joint accounts can also make effective bill payments, savings, or investment endeavours possible.
What is a Joint Account?
A joint account is a bank account that is under the control of two or more people. Depending on what you tell your bank when you open the account, either one or both participants may make transactions with the account.
A joint account is typically opened by couples, close friends, or organisations in order to fulfil shared financial objectives. The majority of people use joint accounts to save for long-term objectives, while other couples use them as ordinary accounts where they often deposit and withdraw money.
Requirements for Opening Zenith Bank Joint Account
- An account opening form duly completed. (Forms A & B by each Signatory)
- Two (2) specimen signature cards duly completed by each signatory to the account.
- Two independent and satisfactory references. Referees must be Current Account holders: Referees who maintain a current account with Zenith Bank Pic, must have done so for a minimum of six (6) months.
- Two (2) recent clear passport-size photographs of each signatory to the account with their names and signatures on the reverse side.
- Residence Permit (where applicable).
- Identification of signatures: international passport, Driver’s licence, or National ID card (Original to be sighted)
- Initial Deposit.
- Public Utility Receipt Tax Clearance Certificate (TCC), PHCN Bills, Water Bills, or Telephone Bills (original to be sighted), which must bear the current address of the customer.
How to Open a Joint Account at Zenith Bank
You can successfully open a Zenith Bank joint account and start taking advantage of shared financial management with your co-account holders by following these steps:
- Gather All Required Documents: Make sure that the necessary paperwork is in the possession of all parties. Usually, this refers to legitimate forms of identification such as national identity cards, driver’s licences, and passports. It might also be necessary to provide proof of address, like utility or bank statement copies.
- Visit a Zenith Bank Branch: Bring the necessary paperwork and visit the Zenith Bank office that is closest to you. To expedite the procedure and prevent any delays, it is recommended that all parties visit at the same time.
- Request and Fill Out Application Forms: Ask the bank employees for the necessary application forms in order to start a joint account. You will need to fill out these forms with personal information, contact information, and the kind of joint account you want to open.
- Provide Signatures and Photographs: For identification purposes, each account holder will need to sign a document and maybe submit a passport-sized photo. Certain institutions further require the completion of a sample signature card.
- Deposit Initial Funds: You may be required to make an initial deposit into the joint account, depending on the requirements set forth by the bank. Banks and account types differ in this amount.
- Review and Sign Agreements: Examine all of the joint account’s terms and conditions carefully. After being satisfied, each party must sign the account opening forms to confirm that they understand the terms.
- Receive Account Details: After completing the necessary paperwork and formalities, the bank will issue account details such as the account number and any associated debit cards or chequebooks.
- Activate the Account: Follow the bank’s instructions to activate any debit cards or online banking services linked to the joint account, if necessary.
NB: For future reference, do not forget to store all account-related documents securely.
Frequently Asked Question
How to Activate a Zenith Bank Account
A convenient option for activating a Zenith Bank Account is via USSD Code
- Launch your phone dialer.
- Dial *966# on the phone number linked to your Zenith Bank account.
- Reply 8: “Register”
- Enter the last 4 digits of your debit (ATM) card number.
- Your account name will appear on the next page, and you will be asked to enter a four-digit PIN.
- Confirm the 4-digit PIN. This pin is your transfer pin or code.
- Enter your Zenith Bank account number if requested.
- Provide the other required information.
- You will receive an SMS stating that your account registration or activation was successful.
How to Recharge/Subscribe to GOTV with Zenith Bank
Recharging or subscribing to GOTV from Zenith Bank’s mobile app is a convenient and straight-forward process. Here’s a step-by-step guide on How to Recharge/Subscribe to GOTV with Zenith Bank USSD code:
- Launch the dialer app on your phone.
- Dial *966*6*amount*IUC number#.
- Enter your transfer pin to authenticate the transaction.
NB: Remember that the number used to dial *966# must be your registered phone number with Zenith Bank.
How to Recharge MTN from Zenith Bank Account Via Mobile Banking App
Purchasing or recharging from the Zenith Bank mobile app is a convenient and straightforward process. Here’s a step-by-step guide on how to recharge MTN from a Zenith Bank account via the mobile banking app:
- Download the Zenith Bank mobile app. (Android or iOS).
- Launch the app.
- Register if you are a new user with the app, or log in if you are an old user.
- Click on airtime
- Select the account from which you want to send airtime if you have multiple accounts.
- Select MTN as the network you wish to recharge.
- Enter the MTN mobile number of the recipient.
- Enter the amount you wish to recharge.
- Click continue
- On the next page, key in your Zenith Bank transfer code.
- In a few seconds, the airtime will be sent to the provided MTN number.
