Fidelity Bank Nigeria

Fidelity Bank Nigeria publishes business accounts for start-ups and small and medium-sized businesses, led by the Fidelity Small Business Account. Opening relies on digital verification of CAC registration details and customer identification. Separate options exist for Nigerian companies owned by members of the diaspora.

KYB and onboarding Verification covers CAC BN or RC registration, NIN and BVN checks of the individuals involved, and liveness and identity checks. This makes online onboarding possible, but the company details must match the CAC register.

Regulation and protection According to the bank's own disclosure, it is regulated by the Central Bank of Nigeria, and deposits fall under the NDIC scheme. The coverage limit was not established from the cited page, so it should be confirmed with the bank.

Who it suits Nigerian start-ups, small businesses and diaspora-owned companies that want a business bank account opened with digital checks. The material does not give fees, currencies, minimum balances or card terms, and these should be requested from the bank before an application is made.