Safe and hassle-free savings for a secure future.
Opening an account with us is an important step towards improving your standard of living, sustaining your business and attaining your dreams. Ibolo Microfinance Bank Limited offers clients a safe and secure place for their savings.
Enjoy free unlimited deposits and withdrawals — your money stays accessible while it grows.
ACCOUNT TYPES
An account for every goal
From everyday banking to fixed deposits and the trusted Esusu target savings — pick the account that fits your dream.
Savings Account
Grow your money safely with free unlimited deposits and withdrawals.
- Personal savings
- Executive savings
- Company savings
Salary Account
Receive your salary with the features you need to get ahead.
- Personal savings
- Executive savings
- Company savings
Current Account
Flexible everyday banking for individuals and companies.
- Company Current
- Personal Current
- Salary Current
Fixed Deposit
Lock in attractive returns over a tenor that suits you.
- 30 days (1 Month)
- 60 days (2 Months)
- 90 days (3 Months)
- 180 days (6 Months)
- 365 days (1 year)
Target Saving (Esusu)
Daily savings towards a target or project — the trusted Esusu way.
- Daily savings towards a target or project
Requirements
What you need to open an account
Opening an account is simple — here is everything you need for each account type.
Current Account
Current Account (Company)
- Certificate of registration
- Memorandum and Article
- 2 passport photographs of each signatory
- Photocopy of utility bill
- Bank Verification Number (BVN) of any of the signatories
- Means of identification (National ID, Voters card, Valid International Passport or Driver's license)
Current Account (Personal)
- 2 passport photographs
- Photocopy of utility bill
- Bank Verification Number (BVN)
- Means of identification (National ID, Voters card, Valid International Passport or Driver's license)
Salary Account
- 2 passport photographs
- Photocopy of utility bill
- Bank Verification Number (BVN)
- Means of identification (National ID, Voters card, Valid International Passport or Driver's license)
Savings Account
Personal Savings
- 3 passport photographs
- Photocopy of utility bill
- Bank Verification Number (BVN)
- Means of identification (National ID, Voters card, Valid International Passport or Driver's license)
- Opening fund
Executive Savings
- 2 passport photographs
- Photocopy of utility bill
- Bank Verification Number (BVN)
- Means of identification (National ID, Voters card, Valid International Passport or Driver's license)
- Opening fund
Company Savings
- Certificate of registration
- Memorandum and Article
- 3 passport photographs of each signatory
- Photocopy of utility bill
- Bank Verification Number (BVN) of any of the signatories
- Means of identification (National ID, Voters card, Valid International Passport or Driver's license)
- Opening fund
Fixed Deposit
- 2 passport photographs
- Photocopy of utility bill
- Bank Verification Number (BVN)
- Means of identification (National ID, Voters card, Valid International Passport or Driver's license)
- Opening fund
Target Daily (Esusu)
- 2 passport photographs
- Photocopy of utility bill
- Bank Verification Number (BVN)
- Means of identification (National ID, Voters card, Valid International Passport or Driver's license)
- Opening fund
Why save
Six reasons to start saving today
Without money put away in savings and/or investments, you open yourself up to other risks — for example, not having enough money to pay for emergency dental care may force you into taking a loan that your savings might otherwise have covered.
Emergency cushion
A new roof for your house, out-of-pocket medical expenses, or sudden loss of income — money set aside for these emergencies keeps you out of debt when necessities arise.
Retirement
If you intend to retire someday, you will probably need savings and/or investments to take the place of the income you'll no longer get from your job.
Average life expectancy
With more advances in medicine and public health, people are now living longer and needing more money to get by.
Volatility of social security
Social security was never intended to be the primary source of income and should be treated as a supplement to income.
Education
The costs of private and public education are rising every year and it's getting tougher to meet these demands.
Build Financial Discipline
Saving teaches you how to manage money intentionally. It encourages you to plan your spending, reduce unnecessary expenses and make better financial decisions.
Start saving for your dreams today
Visit any of our branches or call us to open an account — and enjoy free unlimited deposits and withdrawals.