GTBusiness

account

Guaranty Trust Bank Ltd

ACCOUNT OPENING
DOCUMENTATION

GTBusiness
Corporate
GTBusiness
account

HOW TO OPEN YOUR GT BUSINESS ACCOUNT

1. Complete all relevant portions of the Account Opening Documents

2. Complete the enclosed Signature Cards

3. Two Reference Forms each duly completed by an individual or Corporate body maintaining a Cur-
rent Account with a bank in Nigeria (Detachable Reference Forms are included in this package)

4. Supply the under-listed documents along with completed Account Opening Package. Please bring
along originals with copies of the following documents for sighting:

a. Cerfiticate of Incorporation of your company

b. Certified Memorandum and Articles of Association of your Company.
c. Form CO7 (Particulars of Directors) of your company
d. One passport photograph of each Signatory of the account (with full face forward).
e. Identification document for Directors and Signatories to the Account, e.g Driving Licence,
International Passport, National Identity Card, Permanent Voters Card.
f. Resident permit or work permit for foreign citizens.

5. Mandate and Resolution in the package is to be signed by Two (2) Directors/a Director and Secretary
of the Company with the Seal
Features of the Account

Please tick your preferred option

GTBUSINESS SILVER

1. No COT*

2. Minimum opening and minimum account balance is N10,000.00 (Ten Thousand Naira Only)

3. Fixed monthly charge of N2,000.00 (Two Thousand Naira Only) would be applied on monthly turn-
overs of N20,000,000.00 (Twenty Million Naira Only) and below

4. In addition to a fixed monthly charge of N2,000.00, N1/mille CAM fee is applied on the excess of
N20,000,000.00 (Twenty Million Naira) monthly turnover

5. Unlimited number of withdrawals

6. Only one account is allowed per customer

GTBUSINESS

1. No COT*

2. Minimum opening and minimum account balance is N20,000.00 (Twenty Thousand Naira Only)

3. Fixed monthly charge of N5,000.00 (Five Thousand Naira Only) would be applied on monthly turn-
overs of N50,000,000.00 (Fifty Million Naira Only) and below

4. In addition to a fixed monthly charge of N5,000.00, N1/mille CAM fee is applied on the excess of
N50,000,000.00 (Fifty Million Naira) monthly turnover

5. Unlimited number of withdrawals

6. Only one account is allowed per customer

GTBUSINESS PLATINUM

1. No COT*

2. Minimum opening and minimum account balance is N50,000.00 (Fifty Thousand Naira Only)

3. Fixed monthly charge of N10,000.00 (Ten Thousand Naira Only) would be applied on monthly turn-
overs of N100,000,000.00 (One Hundred Million Naira Only) and below

4. In addition to a fixed monthly charge of N10,000.00, N1/mille CAM fee is applied on the excess of
N100,000,000.00 (One Hundred Million Naira) monthly turnover

5. Unlimited number of withdrawals

6. Only one account is allowed per customer

*Terms and conditions apply

ACCOUNT OPENING FORM – ENTITIES
Form B (Corporate)

Category of Business
(Tick as appropriate)

Limited Liability Company Others (Please specify)

Account Type
(Tick as appropriate)

$ € ¥ £ Others
Current Deposit Domiciliary Account Others:
(Please specify)
This form should be completed in CAPITAL LETTERS.
Characters and marks should be similar in style to the following: A B C

ACCOUNT NUMBER (for Official Use Only)

Branch:

Company Details (Please complete in BLOCK LETTERS and tick where necessary)

Company Name:

Certificate of Incorporation Number:

Date of Incorporation: Jurisdiction of Registration:

Day Month Year

Country of Incorporation:

Type/Natureof Business:

Sector/Industry:

Operating Business Address 1:

Operating Business Address 2:

Registered Address: (if different from above)

Local Govt. Area:

State:

Nigerian Export Promotion Council (NEPC) No:

(if applicable)
Email Address:
Website: (if any)

Mobile Number: Phone Number:

Tax Identification Number (TIN):

CRM No/Borrower’s Code: (where applicable)

Special Control Unit against Money Laundering
(SCUML) Reg No: (where applicable)

Estimate Annual Turnover

(a) Less than N50 Million N50 Million-less than N500 million
N500 million-less than N5 billion Above N5 billion
(b) Is your Company quoted on any Stock Exchange? Yes No
(c) If answer to Question (b) is yes, indicate which Stock Exchange and the Stock Symbol:

Account Service(s) Required (Please tick applicable option below)

Corporate Internet Banking Preference: GAPS-Lite GAPS

E-mail Statement Naira Debit Card Dollar Debit Card Dollar Credit Card

E-mail Alert ✓ SMS Alert (charges apply) ✓ Mobile Money Token (charges apply)
The pre-checked boxes above are compulsory services as directed by the CBN. If you wish to opt out of these services, kindly
request for an indemnity form.

• Checked e-banking service are available when the account is opened (3rd party transfers on e-channel will
require a token)

Statement Frequency: Monthly Quarterly Semi-Annually Annually

Cheque Book Requisition (Fees Apply): Crossed Cheque 25 Leaves 50 Leaves 100 Leaves
200 Leaves

* GTBank Automated Payment System-Lite (GAPS-Lite) is a secure web-based service that service that pro-
vides a sole signatory with 24/7 online real-time access to the corporate account and other financial ser-
vice, using secured connections over the internet.

** GTBank Automated Payment System (GAPS) is a secure web-based service that facilitates the processing of
vendor, supplier or payroll payment in batches or single payment, using secured connections over the internet.

Cheque Confirmation

Cheque confirmation: Will you like to pre-confirm your cheques? Yes No

Cheque confirmation threshold: (if the answer to the above is yes, please note that minimum confirmation
threshold is currently N500,000.00)

If you would like to have a higher threshold for pre-confirmation,

please specify the amount: (N)
(In line with extant law and existing regulation)

Key Contact Person(s):

1.Full Name:
 Job Title:

E-mail:

Mobile Number:

Office Address:

2.Full Name:

Job Title:

E-mail:

Mobile Number:

Office Address:

3.Full Name:

Job Title:

E-mail:

Mobile Number:

Office Address:

Details of Account Signatory 1

Title: Surname:
(Please specify)

First Name:

Other Name(s):

Marital status: Single Married Others: Gender: Male Female

(Please tick ‘ ‘ as appropriate) (Please specify)

Date of Birth: Country of Birth:

Day Month Year
Mother’s Maiden Name:

Next of Kin Next of Kin

Mobile No: Phone No:

L.G.A of Origin: State of Origin:

(Nigerians only) (Nigerians only)

Tax identification No:

(If available)

Means of Identification
Identification: Number:
ID Issue date: ID Expiry date:
(Nigerians only) (Nigerians
Day Month Year only) Day Month Year

Occupation: Status/Job Title:

Position/Office of the Signatory:

Nationality: Nigeria Others (Please specify)

Resident Permit No: Permit Issue Date:

(For Non Nigerians) Day Month Year

Permit Expiry Date: Bank Verification No (BVN):

(For Non Nigerians)
Day Month Year

Residential Address

House/Plot Number: Street Name:

Nearest Bus Stop/Number:

City/Town: L.G.A:

State:

Mailing Address:
(if different from the Residential Address)

Mobile Number: Phone Number:

E-mail Address:

I hereby attest that the above information is true and complete

Signature: Date:
Day Month Year

Official use only

Verified By (Full name)

Signature: Date:
Day Month Year
Details of Account Signatory 2

Title: Surname:
(Please specify)

First Name:

Other Name(s):

Marital status: Single Married Others: Gender: Male Female

(Please tick ‘ ‘ as appropriate) (Please specify)

Date of Birth: Country of Birth:

Day Month Year
Mother’s Maiden Name:

Next of Kin Next of Kin

Mobile No: Phone No:

L.G.A of Origin: State of Origin:

(Nigerians only) (Nigerians only)

Tax identification No:

(If available)

Means of Identification
Identification: Number:

ID Issue date: ID Expiry date:

(Nigerians only) (Nigerians only)
Day Month Year Day Month Year

Occupation: Status/Job Title:

Position/Office of the Signatory:

Nationality: Nigeria Others (Please specify)

Resident Permit No: Permit Issue Date:

(For Non Nigerians)
Day Month Year

Permit Expiry Date: Bank Verification No (BVN):

(For Non Nigerians)
Day Month Year

Residential Address

House/Plot Number: Street Name:

Nearest Bus Stop/Number:

City/Town: L.G.A:

State:

Mailing Address:
(if different from the Residential Address)

Mobile Number: Phone Number:

E-mail Address:

I hereby attest that the above information is true and complete

Signature: Date:
Day Month Year

Official use only

Verified By (Full name)

Signature: Date:
Day Month Year
Details of Account Signatory 3

Title: Surname:
(Please specify)

First Name:

Other Name(s):

Marital status: Single Married Others: Gender: Male Female

(Please tick ‘ ‘ as appropriate) (Please specify)

Date of Birth: Country of Birth:

Day Month Year
Mother’s Maiden Name:

Next of Kin Next of Kin

Mobile No: Phone No:

L.G.A of Origin: State of Origin:

(Nigerians only) (Nigerians only)

Tax identification No:

(If available)

Means of Identification
Identification: Number:

ID Issue date: ID Expiry date:

(Nigerians only) (Nigerians only)
Day Month Year Day Month Year

Occupation: Status/Job Title:

Position/Office of the Signatory:

Nationality: Nigeria Others (Please specify)

Resident Permit No: Permit Issue Date:

(For Non Nigerians) Day Month Year

Permit Expiry Date: Bank Verification No (BVN):

(For Non Nigerians) Day Month Year

Residential Address

House/Plot Number: Street Name:

Nearest Bus Stop/Number:

City/Town: L.G.A:

State:

Mailing Address:
(if different from the Residential Address)

Mobile Number: Phone Number:

E-mail Address:

I hereby attest that the above information is true and complete

Signature: Date:
Day Month Year

Official use only

Verified By (Full name)

Signature: Date:
Day Month Year

Details of Directors/ Executives/ Promoters/ Principal Officers

1.
Title: Surname:
(Please specify)

First name:

Other Name(s):

Date of Birth: Gender: Male Female

Day Month Year

Mother’s Maiden Name:

Means of Identification
Identification: Number:

ID Issue date: ID Expiry date:

(Nigerians only) Day
Month Year (Nigerians only) Day Month Year
Occupation: Status/Job Title:

Nationality: Nigeria Others (Please specify)

Bank Verifiation Number (BVN):

Residential Address

House/Plot Number: Street Name:

Nearest Bus Stop/Number:

City/Town: L.G.A:

State:

Mailing Address:
(if different from the Residential Address)

Mobile Number: Phone Number:

E-mail Address:

Signature: Date:
Day Month Year
2.
Title: Surname:
(Please specify)

First name:

Other Name(s):

Date of Birth: Gender: Male Female

Day Month Year

Mother’s Maiden Name:

Means of Identification
Identification: Number:

ID Issue date: ID Expiry date:

(Nigerians only) (Nigerians
Day Month Year only) Day Month Year

Occupation: Status/Job Title:

Nationality: Nigeria Others (Please specify)

Bank Verifiation Number (BVN):

Residential Address

House/Plot Number: Street Name:

Nearest Bus Stop/Number:

City/Town: L.G.A:

State:

Mailing Address:
(if different from the Residential Address)

Mobile Number: Phone Number:

E-mail Address:

Signature: Date:
Day Month Year

3.
Title: Surname:
(Please specify)

First name:

Other Name(s):

Date of Birth: Gender: Male Female

Day Month Year
Mother’s Maiden Name:

Means of Identification
Identification: Number:
ID Issue date: ID Expiry date:
(Nigerians only) (Nigerians
Day Month Year only) Day Month Year

Occupation: Status/Job Title:

Nationality: Nigeria Others (Please specify)

Bank Verifiation Number (BVN):

Residential Address

House/Plot Number: Street Name:

Nearest Bus Stop/Number:

City/Town: L.G.A:

State:

Mailing Address:
(if different from the Residential Address)

Mobile Number: Phone Number:

E-mail Address:

Signature: Date:
Day Month Year

Additional Details

1. Name of affiliated company:

Country of incorporation:

2. Name of affiliated company:

Country of incorporation:

3. Name of affiliated company:

Country of incorporation:
with other banks

S/N Name and Address of Bank/Branch Account Name Account Number Status:
Active/Dormant
1
2
3
4
Authority to debit account for search fee

Guaranty Trust

Dear Sir,

AUTHORITY DEBIT OUR CURRENT ACCOUNT FOR SEARCH FEE

We hereby authorize you to debit our account with the applicable charges for the legal search con-
ducted on our account at the corporate Affairs commission or relevant agency/authority.

Thank you.

Yours faithfully,

Name and Authorized signature of the customer/Representative & Date

Name and Authorized signature of the customer/Representative & Date

Account Opening Mandate

a. Mandate authorization/combination Rule (please tick as appropriate):

Sole signatory Two or more if two more to sign, please specify

b. Signatories

i Title: Please affix

(please specify) passport photograph

Surname:

First Name:

Other Name(s):

Class of signatory
(Please indicate class in the box provided)

Signature: Date:
Day Month Year

ii Title: Please affix

(please specify) passport photograph

Surname:

First Name:

Other Name(s):

Class of signatory
(Please indicate class in the box provided)

Signature: Date:
Day Month Year

iii Title: Please affix

(please specify) passport photograph

Surname:

First Name:

Other Name(s):

Class of signatory
(Please indicate class in the box provided)

Signature: Date:
Day Month Year
ACCOUNT OPENING AGREEMENT deposits securities negotiable instruments or
other assets belonging to us whether held on
current or deposit account or otherwise and
We confirm and agree that our account and all
whether in Naira or any other currency (here-
banking transactions between us (“the Custom-
inafter referred to as “foreign currency”).
er”, or “us” or “we” or “its” or “our”) and Guar-
anty Trust Bank Limited (“the Bank”) shall gov- 8. The Bank shall be entitled to retain and not
erned by the conditions specified below and/or repay any amount whatsoever that it owed to
the terms of nay specific agreement between us us or which it holds on our behalf and until all
and the Bank or where not regulated by either amounts owed by us or the related party to
the conditions or such agreement, by customary the Bank have been repaid or discharged in full
banking practices in Nigeria: and, for so long as such amounts have not been
discharged or repaid in full, the Bank shall be
1. The Bank will not establish or operate the re-
entitled to appropriate any amounts so owed
quested account unless and until it has received
to us or held on our behalf in or towards the
the required supporting documents for the ac-
payment and discharge of the amounts owed
count, a list of which has been provided to us
by us or the related party to the Bank.
and is included with this application form.
9. When effecting any set-off, the Bank shall
2. The Bank is hereby authorized to undertake all
be entitled at its absolute discretion, with or
“Know Your Customer” (KYC) procedures spec-
without notice to us to convert any Naira or
ified by applicable law and/or regulations and/
foreign currency into the currency in which
or Bank policies including the confirmation of
the amount owed was incurred at the appli-
our details at the appropraite goverment reg-
cable official exchange rate for the currencies
istry. We hereby authorize you to debit our ac-
in question prevailing in Nigeria at the time of
count without further notice to us for the costs
such conversion.
attendant to such KYC procedures.
10. The Bank is hereby authorized, in the absence
3. We hereby authorize the Bank to disclose at
of any written instruction to the contrary, to
any time and for any purpose, any information
place our funds in any appropriate invest-
whatsoever relating to our personal data, ac-
ment (which for the purpose of this clause
count, transactions or dealings with the Bank,
shall include but not limited to investments
to any of the Bank’s offices, branches, repre-
in Commercial Paper whether guaranteed by
sentative offices, affiliates, subsidiaries, wher-
the Bank or otherwise) or on deposit and to
ever located, for the purpose of administration
renew/invest at maturity any investments or
of our account or to any governmental, reg-
deposit made in our name on the same terms
ulatory, statutory, judicial or quasi-judicialau-
and conditions that applied to such invest-
tority and any agent or contractor engaged to
ment/deposit immediately prior to its maturity
perform services for the Bank’s benefit.
or on such other terms and conditons as the
4. The Bank may, without prior notice, impose Bank may, in its absolute discretion, consider
or change the minimum balance requirements appropriate under the circumstances.
for our account or alter the applicable interest
11. We shall be responsible for all costs, expensesand
rate or charges relating to our account.
liabilities arising from the purchase, retention
5. The Bank is authorized to transfer money from and sale of investments made on our behalf by
any deposit account, we maintain to any oth- the Bank which include but are not limited to all
er account, we maintain with the Bank whose taxes, stautory fees, duties and levies.
balance is below the required minimum.
12. The Bank may, unless otherwise instructed by
6. The Bank is authorized, where applicable stand- us, retain on our behalf, on a safe basis, any
ing to the credit of our account is below the re- investment instruments issued in respect of
quired minimum balance, to either amend the an investment made on our behalf and unless
rate(s) of interest payable or close the account. otherwise specifically agreed, we will not have
7. The Bank shall, in addition to any right of set-off recourse to the Bank for the value or worth of
or similar right prescribed by law, be entitled, such investments.
without notice, to combine and consolidate all 13. Where the Bank, in the absence of any previ-
or any of our accounts with the Bank (without ous agreement as to rate of interest and costs
any liabilities to the Bank) and/or to set off or and charges that will apply if our account be-
transfer any or all amounts owed by us or a re- come overdrawn, in its absolute discretion al-
lated party to Bank against any and all money lows us to make any drawing that results that
which the Bank may hold for our account or results in our account or any of them becom-
any other credit be it cash, cheques, valuables, ing overdrawn, the Bank shall be entitles to
 charge such rate of interest and impose such time to time and copies of which are avail-
charges as, in its absolute discretion, it consid- able on request. The Bank reserves the right
ers appropriate in the circumstancesand we to amend rates of interest in accordance with
agree to pay such interest and charges to the its standard scale of charges and/or conditions
Bank on demand. from time to time.
14. We agree that where we give any instruction 20. Any communication by the Bank shall be
for a payment(s) that in aggregate exceed(s) deemed to have been made as soon as it is
the amounts standing to the credit of our ac- sent to the Customer’s registered e-mail on the
count against which payment is to be made, the Bank’s mailing list and will constitute the date
Bank reserves the right to decline to carry out on which the communication was sent. Any
such instruction or where there is more than statement or confirmation of any transaction
one transaction, to select the transaction shall between us and Bank shall be deemed to have
be executed without reference to the date of been examined by us and to be conclusive and
despatch or time or receipt of our instructions. binding unless within 10 working days from
In the event that there are outstanding pay- the date specified on such statement confir-
ments and for which our account is not funded, mation, we advise the Bank in writing that
the Bank may in its discretion make such pay- an item contained therein is being disputed,
ment and we confirm our obligation to repay whether or not such item was made in accor-
the Bank whether or not the Bank makes a de- dance with the mandate from time to time
mand for the outstanding payment, in addition given by us to the Bank.
to charges and interest accrued thereon.
21. We understand and acknowledge that electron-
15. Where we maintain a credit account with the ic mail, facsimile and verbal communications are
Bank in any foreign currency, the credit balance insecure transmission media where we advise
of such account may be held by the Bank with the Bank to accept the instruction in such man-
any Bank or financial institution it considers ner, we however understake to indemnify the
first rate located in our country in which foreign Bank in full for any loss it may suffer or incur by
currency is legal tender. Such credit balance will reason of its honouring our Letters, electronic
accordingly be subject to all laws and applica- mail, facsimile or verbal instructions, irrespec-
ble regulations in Nigeria and in the country in tive of whether same are erronoues, fruadulent
which such credit balance is held and the Bank or issued otherwise than in accordance with the
shall not be held liable if the credit balance or Mandate for our account, any and all payment
any part thereof becomes unavailable as a re- instructions issued in accordance with the Man-
sult of any of the laws and regulations to which date for our account and which bears or purports
such credit balance is subject. to bear the facsimile or electronic mail signature
of the person(s) whose specimen signatures have
16. Where any un-cleared effects credited to our
been provided to the Bank by us. The Bank is
account by the Bank are subsequently dishon-
hereby authorized to honour and to debit our
oured and/or the Bank for any reason is re-
account, for any and all payment instructions/
quired to repay to the paying banker or any
confirmations issued or provided by us using a
other party all or any part of amount credited
pre-agreed format for same which may include
to our account. The Bank will be entitled to
but is not limited to oral or written instructions/
debit out account with the amount of such
confirmations and where given orally such oral
un-cleared effect and/or repaid amounts plus
instruction may if previously agreed involve the
accrued interest and applicable bank charges.
use of specific password(s) and when giving in
17. No failure or delay in exercising any right pow- writing may be given by letter, facsimile or elec-
er or priviledge vested in the Bank by these tronic mail.
conditions shall operate as a waiver thereof
22. Honour all cheques or other orders/instru-
nor shall any partial exercise of such right,
ments which may drawn on the said account
power or privilege preculde any other or fur-
provided such cheques or orders/instruments
ther exercise thereof.
are signed by us and to debit such cheques or
18. If any of the Conditions or provisions specified orders/instruments to the said account wheth-
herein is invalid, illegal or unenforceable in er such account be for the time being in cred-
any respect under the law the validity, legality it or overdrawn in consequence of such debit
and enforceability of the remaining conditons without prejudice to your right to refuse to
and/or provisions contained herein shall not in allow any overdraft or increase of overdraft
any manner be affected or impaired thereby. and in consideration, we agree:
19. Charges shall be levied in accordance the a. to assume full responsibility for the gen-
Bank’s standard scale of charges in form from uineness or correctness and validity of all
 endorsements appearing on all cheques, correct if the Bank does not receive a no-
orders, bills, notes, negotiable instru- tice of disagreement with entries in the
ments, receipts and/or other documents statement within 15 days from the date of
deposited in our account dispatch of the Bank statement
b. to be responsible for any repayment of any m. that any sum standing to the debit of our
overdraft with interest and to comply with account shall liable to interest charges at
the Bank’s rules and new rates as advised the rate fixed by the Bank from time to
by the Bank from time to time time. The Bank is authorized to debit from
the account the usual banking charges, in-
c. to free the Bank from any responsibility
terest, commission, and any service charge
for any loss or damage of funds deposited
set by the Bank from time to time
with the Bank due to any future govern-
ment order, law, tax, embargo, moratori- 23. We hereby authorize the Bank to debit our ac-
um, exchange restriction and/or all other count with the cost incurred in respect of the
causes beyond the Bank’s control issuance of the cheque book(s) for the above
account.
d. that all funds standing to our credit are
payable on demand only on such local cur-
rency as may be in circulation
Electronic Banking
e. to be bound by any notification of change
We confirm and agree that the following terms
in the conditons governing the account di-
and conditions shall govern our Electronic Bank-
rected to our lask known address and any
ing transactions with the Bank. The following
notice or letter sent to our last known ad-
terms and conditions shall govern the Bank’s
dress shall be considered as duly delivered
e-Banking Services
and received by us at the time it would be
delivered in the ordinary course of post
f. not to write out cheques in staff’s name 1. Definitions
g. not to transfer money from our account “Customers” means a Customer of the Bank
into staff account(s) who has or operates an account with the Bank
and is named in the application form. Where
h. that if a cheque credited to our account is
two individuals are named, either or both of
returned dishonoured, the same may be
them are Customers.
transmitted to us through our last known
address either by bearer or by post “The Bank” means Guaranty Trust Bank Limited.
i. and note that the Bank will accept no li- “Card Holders” means a Customer who has
ability whatsoever for funds handed to been issued a Guaranty Trust Bank Master-
members of staff outside banking hours or Card. The card is the property of the Bank and
outside the Bank’s premises contrary to the will be returned unconditionally and immedi-
provisions of this agreement ately to the Bank upon request by the Bank.
j. that our attention has also been drawn to “Service” means the Guaranty Trust Bank Lim-
the necessity of safe guarding our passwords ited Internet Banking, GTConnect, GENs noti-
and access codes to the Bank’s non-branch fication (SMS alert) Automatic Tellering.
channels including, but not limited to ATM, “Access code, Pass code, Username and Pass-
Internet Banking, Telephone Banking, Mo- word” means the enabling code with which
bile Banking and SMS Banking, so that unau- you access the system for the service and which
thorized persons are unable to gain access to is known to you only.
it and agree that neglect of this precaution
may be a ground for any consequential loss “Account(s)” means a current of saving ac-
being charged to our account count(s) or other account(s) maintained with
the Bank at any of the Bank’s branches in Ni-
k. that the Bank is under no obligation to geria.
honour any cheque(s) drawn on the ac-
count unless there are sufficient funds in “PIN” means Personal Identification Number.
the account to cover the value of the said “ATM” means Automated Teller Machine that
cheque(s) and we understand and agree dispenses cash to account(s) holders via the use
that any such cheque(s) may be returned of debit/credit cards or accept cash deposits.
to us unpaid, but if paid, we are obligued
to repay the Bank on demand “MasterCard” means the card used by a Cus-
tomer for initiating transactions on the vari-
l. our Bank statements shall be deemed as
 ous electronic payment channels e.g. ATM, iv. a Personal Identification Number “PIN”
POS and Internet.
v. valid GSM/landline number
“Secure Messages Facility” means the facility
within the e-Banking services that enables the
Cstomer to send electronic messages (e-mail, 4. The Passcode/Access code/Password/E-mail Se-
SMS) to the Bank, including and without lim- curity.
itation free-format messages, or instructions The Customer understands that his/her Pass-
to make payments, request for cheque books, code, Access code/Password E-mail is used to
bank draft or the purchase or sale of securities give instructions to the bank and accordingly
and interests in mutual funds. undertakes:
i. that under no circumstances shall the Pass-
2. The Service allows the Customer to give the code/Access code/Password be disclosed to
Bank instructions by use of: anybody
a. Telephone, ATM, PIN, Password, Access ii. not to write the Passcode/Access code/Pass-
code, Username and secure message word in an open place in order to avoid
(e-mail, SMS), Internet banking for the fol- third party access
lowing: iii. the Customer instructs and authorizes the
i. Obtain information regarding Cus- Bank to comply with, any instructions given
tomer’s balances as at the last date of to Bank or through the use of the service
business with the Bank iv. once the Bank is instructed by means of the
ii. Obtain information with regards to Customer’s Passcode/Access code and PIN
any instrument in clearing or any bal- the Bank is entitled to assume that those
ance standing in the Customer’s ac- are the instructions given by the Customer
count as at the last date of transac- and to reply on same
tion on the Customer’s account v. the Customer’s Passcode must be changed
iii. Authorize the Bank to debit Custom- immediately it becomes known to some-
er’s account to pay specified utili- one else
ty bills such as NITEL, PHCN, WATER vi. the Bank is exempted from any form of
RATE and/or any other bills as speci- liability whatsoever for complying with
fied by the Customer subject however any or all instruction(s) given by means of
to availability of such bill payment un- the Customer’s Passcode/Access code if by
der this service any means the Pass/Access code becomes
iv. Authorize the Bank to effect a transfer known to a third party
of funds from the Customer’s account vii. where a Customer notifies the Bank of his in-
to any other account with the Bank tention to change his Pass code/Access code
v. Authorise the Bank to effect/stop any arising from loss of memory of same, or that
payment order has come to the notice of a third party, the
Bank shall, with the consent of the customer,
vi. Authorize the Bank to debit Custom-
delete same and thereafter allow the Cus-
er’s account and load same into a des-
tomer to enter a new Passcode/Access code
ignated card
PROVIDED that the Bank shall not be respon-
b. On receipt of instruction, the Bank will sible for any loss that occurs between the
endeavour to carry out the Customer’s in- period of such loss of memory of the Pass/
struction promptly, except in the event of Access code or knowledge of a third and the
any unforseen circumstances such as Act of time the report is lodged with the Bank
God, Force Majeure and other causes be-
viii.once a Customer’s Passcode/Access code is
yond the Bank’s control
given, it shall be sufficient confirmation of
3. Before the service can avail any Customer, he/ the authenticity of the instruction given
she must have anyone or a combination of the
ix. the Customer shall be responsible for any
following:
instruction given by means of the Custom-
i. an account with the Bank & er’s Passcode/Access code. Accordingly,
theBank shall not be responsible for any
ii. a valid e-mail address
loss that occurs by means of the Customer’s
iii. a Passcode, Access code, Username, Pass- Passcode/Access code
word or token authenticator
5. Customer’s Responsibilities clude usernames, password or other access
devices for such account
I. the Customer undertakes to be absolutely
responsible for safeguarding his username, II. Obey the law. Customer agrees not to use
Access code/Passcode, PIN, Password, and the service for illegal purposes or for the
under no circumstance shall the Customer transmission of material that is unlawful,
disclose any or all of these to any person harrasing, libelous (untrue and damaging
to others), invasive of another’s privacy
II. the Bank is expressly exempted from liability
abusive, threatening, or obscene, or that
arising from unauthorized access to the Cus-
infringe the right of others
tomer’s account and/or data as contained in
Bank’s records via the service, whic arises as III. Restrictions on commercial use or resale. Cus-
a result of inability and/or otherwise of the tomer’s right to use the service is personal
Customer to safeguard his PIN, Passcode/ therefore Customer agrees not to assign or
Access code and/or failure to log out of the make any commercial use of the service
system completely by allowing on screen dis-
IV. Propriety rights. The Customer acknowledg-
play of his account information
es and agrees that the Bank owns all right to
III. the Bank is further relieved of any liability information relating to the service including
as regards breach of duty of secrecy arising her website and the content displayed on
out of Customer’s inability to scrupulously the site. The Customer is only permitted to
observe and implement the provisions of use this content as expressly authorized by
clause 4 above, and/or instances of breach the service, Customer may not copy, repro-
of such duty by hackers and other unau- duce, distribute, or create derivative work
thorized access to the Customer’s account from this content. A violation of any of the
via the service. rules (i-iv) is a ground for discontinuation of
the service with the Bank.

6. Under no circumstances will the Bank be liable to

any damages, including without limitation direct 9. The Bank shall not be responsible for any elec-
or indirect special, incidental or consequential tronic virus that the Customer may encounter
damages, losses or expenses arising in connec- in course of making use of these services rules
tion with this service or used thereof or inability of the Road
to use by anu party, or in connection with any
failure of performance, error, omission, inter-
ruption, defect, delay in operation, transmission, Disclaimer of warranties
computer virus or line or system failure, even if 10. The Customer expressly understands and agrees
the Bank or its representative thereof are ad- that the use of the service is at its sole risk. The
vised of the possibility of such damages or losses service is provided on an “as is available” basis.
The Bank expressly disclaims all warranties of
any kind, whether express on implied warran-
7. Copyright in the cards and other proprietary
ties of merchantability, fitness for a particular
information relating to the service including
purpose and non-infringement.
the screens displaying the pages, and in the
information and material therein and agree-
ment is owned by the Bank 11. The Bank makes no warranty that,
i. the service will meet Customer’s require-
8. For the benefit and security of our Customers ments
and to comply with applicable laws, we have ii. the service will be uninterrupted, timely,
a few mandatory guidelines that we call “rule secure or error-free
of the road”. Conducts that violates the rule
of the road is grounds for termination of this iii. the results that may be obtained from the
services and the Bank for whatsoever reason use of the service will be accurate or reli-
may vary these terms and conditions. For this able
reason, the Customer undertakes to: iv. the quality of any products, services, in-
I. Provide true, accurate and complete in- formation or other materials purchased or
formation about itself as requested in our obtained by the Customer through the ser-
registration/account opening forms and vice will meet your expectations
the Customer agrees not to misrepresent v. any errors in the technology will be corrected
its identity of information, which may in-
12. The Bank will not be liable or responsible for agreement and/or any other party whom
any damage to the Customer’s computer sys- the customer is using this service to pay
tem or for the loss of data that results from
ii. This agreement cannot be changed by the
any material downloaded or otherwise ob-
Customer nor any of the Bank’s right changed
tained through the use of the service. No ad-
unless the Bank agrees in writing or Custom-
vice or information, whether oral or written
er using the service following receipt of no-
obtained by the Customer from us or through
tice of any changes proposed by the Bank.
or from the service will create any warranty
not expressly stated in these terms. iii. This agreement is personal to the Custom-
er and the Customer shall not assign it to
anyone
13. Customer agrees that the Bank will not be liable
iv. All notice to the Customer shall be in writ-
for any liability. Whether direct, indirect, inciden-
ing via the Customer’s registered e-mail
tal, special, consequential or exemplary damag-
address and/or lask known address and any
es, including but not limited to damages for the
notice or letter sent to the Customer’s last
loss of profits, goodwill, use or other intangible
knwon address shall be considered as duly
losses, even if we have been advisedof the possi-
delivered and received by the Customer at
bility of such damages, resulting from:
the time it would be delivered in the ordi-
i. the use or the inability to use the service; nary course of post. All notice to the Bank
by the Customer must be made in writing
ii. the cost of getting substitute goods and
and sent to the Bank’s address.
services resulting from any products, data,
information or services purchased or ob- v. The Bank and the Customer shall be an
tained or messages received or transaction independent contractor, and nothing con-
entered into through or from the service; tained in this agreement shall be deemed
to create any association, partnership, joint
iii. unauthorized access to or alteration of
venture or relation of principal, agent or
transmission of data;
master and servant, employer or employee
iv. statements or conduct of anyone on the between the Customer and the Bank.
service or;
vi. if any of these terms is held to be unen-
v. any other matter relating to the service. forceable, then such provision shall be con-
strued, as nearly as possible, to reflect the
intentions of the Bank and the Customer,
Indemnification with the other provisions remaining in full
14. The Customer agrees to protect and fully com- force and effect.
pensate the Bank and its affiliates and Service vii This agreement shall be governed and cos-
Provider from any/and all third party claims, ntrued in accordance with the laws of Fed-
liability damages, expenses and costs (includ- eral Republic of Nigeria.
ing but not limited to, legal fees) caused by
or arising from Customer’s use of the service
or by any other user of Customer’s account in Credit Bureau
violation of the terms or infringement of any
The Customer acknowledges that the bank con-
intellectual property or other right of anyone.
sults with various credit bureaus and reference
agencies, and may be required to disclose the
Service changes and discontinuation firm’s information to these credit bureaus for the
purpose of conducting checks on the firm. I/We
15. The Bank reserves the right to change or dis- hereby irrevocably and unconditionally grant our
continue, temporarily or permanently, the consent to the bank and expressly authorizes such
service at any time without notice in other to disclosure of any or all information on my/our ac-
maintain the security and integrity of the ser- count(s) transaction(s) with bank, to such credit
vice the bank may also suspend Customer’s ac- bureau and reference agencies whether based lo-
cess to the service at any time without notice. cally or abroad, including information on our part-
Customer agrees that the Bank will not be lia- ner and other personnel, transaction and conduct
ble to the Customeror any third party for any on my/our account together with details of any
modification or discontinuation of the service. non-payment or delayed payments as the bank
i The Bank shall not be considered an agent may deem necessary. The consent herein given
or other legal representative of the Cus- discharges the bank from all liabilities, claims, and
tomer for any purpose by reason of this damages for such disclosure made by the bank to
any credit bureau and reference agencies.
Corporate Internet Banking - GAPS

User roles & function

Role Code Users Responsibilities

ADMIN System Administration • Responsible for user management and activity audit.
UPL uploader • Initiates all transactions and file upload
• Review reports and account information
REV reviewer • 1st level review and authorization
APP Approver • must be authorized signatories of the bank account. Struc-
ture may be sequential (A B C) or non-sequential (Any to
sign, either to sign, two to sign, e.t.c)
VIEW Viewer • Review end of day activities and reports

User Contact Information

Kindly provide the details for each user and select role below:
First/Last Name Role Code Approval Limit E-mail Address Mobile Number

Token Request

*Note: All users will require tokens to sign in to GAPS

Kindly take this as an authority to issue unit(s) of tokens for our users.

Token should be released to:

(A duly signed indemnity is required) (Name)

Mode of identification:

Privacy Policy

The bank takes your privacy seriously and only processes your personal information to make your
banking experience better. In accordance with NDPR and other applicable regulations, signing below
indicates your consent to the processing of your person data by Guaranty Trust Bank, its strategic part-
ner/service providers, Guaranty Trust Bank’s Holding Company and its subsidiaries, as detailed in our
privacy policy available at https://www.gtbank.com/privacy-policy

Signature
Day Month Year
Declaration

We
hereby apply for the opening of an account with Guaranty Trust. We understand that the information
given herein and the documents supplied are the basis for opening such account and We therefore
warrant that such information is correct.
We have read the terms and conditions governing the operations of the account which are presented
overleaf and agree to be bound by them.

Signed, sealed & delivered by the within person named person

1.
Name of Chairman of the said meeting Signature Day Month Year

2.
Name of Secretary Signature Day Month Year

In the presence of:

Name:

Address:

Occupation:

Signature: Date:
Day Month Year
To:

The Manager,
Guaranty Trust Bank Ltd. Guaranty Trust Bank Ltd

Dear Sir,

Name of Company

I/We would wish to confirm that the know the above-named Company and its Directors for

I/We would like to comment about their suitability for maintaining a current account with yourselves
as follows:

I/We maintain a current account with:

Name of Bank:

Address:

My/Our Account No. is:

And my/our phone No. (s) is/are:

Yours faithfully,

Date
Signature Day Month Year

Name:

Address:

Please note:
1. Referees must be a current account holder either in GTBank or any other bank.
2. Referee’s account must not be less than six months old.
3. Salary account holder(s) are not suitable referees.

“CAUTION”
IT IS VERY DANGEROUS TO INTRODUCE A PERSON WHO IS NOT WELL-KNOWN TO YOU
To:

The Manager,
Guaranty Trust Bank Ltd. Guaranty Trust Bank Ltd

Dear Sir,

Name of Organization

I/We would wish to confirm that the know the above-named Company and its Directors for

I/We would like to comment about their suitability for maintaining a current account with yourselves
as follows:

I/We maintain a current account with:

Name of Bank:

Address:

My/Our Account No. is:

And my/our phone No. (s) is/are:

Yours faithfully,

Date
Signature Day Month Year

Name:

Address:

Please note:
1. Referees must be a current account holder either in GTBank or any other bank.
2. Referee’s account must not be less than six months old.
3. Salary account holder(s) are not suitable referees.

“CAUTION”
IT IS VERY DANGEROUS TO INTRODUCE A PERSON WHO IS NOT WELL-KNOWN TO YOU
 FOR BANK USE ONLY
Customer Segmentation

Customer Classification Code: Description:

Economic Sector Code: Description:

Type of Depositor Code: Description:

Risk Classification

Low Risk Medium Risk High Risk

Authentication for Politically Exposed Persons

Is the customer a politically exposed person? Yes No

If yes, please provide details:

Customer Address Verification/Call Memo (If applicable)

Address Visited:

Comment on Location-Landmarks:

Location – Colour of building:

Location – Description of building:

Full Name of Visiting Staff: Signature:

Day Month Year
Certification

I hereby confirm that the information contained herein is correct and a true representation of the
customer’s profile

Full Name: Signature:

Day Month Year
Deferral/Waiver of Documents (if any) authorized by

Full Name: Signature:

Day Month Year
Documents Required Checked Deferred Waived
(Please specify deferral period)

1. Account opening form duly completed

2. Specimen signature card duly completed

3. Copy of CAC Certificate of Registration

4. Board of Resolution
5. Copy of Memorandum and Association
of Association (certified as True copy by
the Registrar of Companies

6. Copy of Form CO7 Particulars of Directors

(certified as True copy by the Registrar
of Companies and a certification by a
Notary Public for Foreign Companies)

7. Copy of Form CO2 Allotment of Shares

(certified as True copy by the Registrar
of Companies and a certification by a
Notary Public for Foreign Companies)

8. Two (2) passport sized photograph of

each Signatory of the account with name
written on the reverse side

9. Introduction Letter (where applicable)

10. Status Report from Banker

(where applicable)

11. Resident permit or work permit

(for non-Nigerians)

12. Evidence of registration with

Nigeria Investment Promotion Council
(NIPC) (where applicable)
13. Evidence of registration with
Special Control Unit on Money Laundering
(SCUML) (where applicable)

14. Search Report

15. Power of Attorney (Where applicable)

16. Letter of Indemnity (Where applicable)

17. Proof of Company Address

18. Business premises visitation certificate

19. Proof of identity of all Signatories and

Directors/Officers whose name appear on
the account opening form/document
(Preferred Identity card are Int’l passport,
National Identity Card,
National Driver’s Licence, and
Valid Nigerian INEC Voter’s Card)

20. Proof of address of all Signatories and

Directors/Officers whose name appear on
the account opening form/document
Utility bill (Certified true copy is
acceptable if original is not held)

21. Two satisfactorily completed

reference forms.

22. Copy of the audited Financial Statements

23. Others (Please specify)

Account Opening Authorised

A/C Manager’s Code:

A/C Opened by: Name: Signature: Date:

CIS

Approved by: Name: Signature: Date:

OPERATIONS HEAD