Abbey Home Account

This product is designed to allow customers develop a savings culture. ‘Abbey Home Account’ is no‐withdrawal savings type account which enhances the access to mortgage facilities from Abbey, after a certain period if all other terms and conditions are fulfilled. (In the event that the customer makes 2 withdrawals within the 6 months this disqualifies the customer and cycle will begin again).

Target Market

• All Nigerians with stable and confirmed source of income
• Nigerians who wish to be owners of their own homes

Benefits and Features

• Minimum opening balance of N6, 000; N10, 000; N50, 000 and/or N100, 000 for Bronze, Silver, Gold and Platinum categories respectively.
• Flexible Deposit Option i.e. daily, weekly, monthly or quarterly.
• Joint Savings permissible for couples.
• Zero COT.
• Allows Deposit of Other banks/Dividend Warrants.
• Minimum savings of 10% of property value to qualify for Abbey’s NHF Mortgage finance option.
• Savings of up to 20% of property value in (6) months makes applicant eligible for all of Abbey’s mortgage finance solutions.

Requirements

• Two (2) recent passport photographs (full face forward, no glasses or head cover)
• Duly completed account opening form
• Duly signed Signature Specimen
• Minimum opening balance of:
  N6,000 – Bronze
  N10,000 – Silver
  N50,000 – Gold
  N100,000 – Platinum
• Proof of Identity: Copies of Driver’s License, International passport, National I.D Card, and Voter’s Card.
• Proof of Address: Utility Bill issued in the last 3 months (PHCN, Water, LAWMA etc).
• Two (2) duly completed reference forms