FBC Bank now allowing individuals to open bank accounts via mobile

FBC Bank | Updates

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

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