Home | About Us | Updates | FBC Bank now allowing individuals to open bank accounts via mobile

FBC Bank now allowing individuals to open bank accounts via mobile

The reach of banking services has been broadened by FBC Bank through the launch of a virtual banking service. In a statement, the bank announced that it is now offering individuals a facility to open full bank accounts through mobile, via USSD (*220#) or the FBC Bank app.

This is something similar to what we have seen before. Steward Bank announced in 2018 a similar facility on their *236# USSD platform.

What makes this development from FBC different, however, is that these aren’t lite accounts, these are full KYC Accounts. Lite accounts are hampered by limits and strict restrictions. A full KYC Account isn’t anywhere near as restricted as a lite account.

What type of accounts is FBC offering via mobile?

FBC Bank are offer are offering 5 account types:

  • Current Account
  • FCA Account
  • Savings Acccount
  • Improved Instant Card
  • Digital Wallet

Read Full Article


Share