Welcome Today we’ll be discussing On How to upgrade FCMB Bank account easily (Online & Offline)
FCMB is a leading financial institution in Nigeria with millions of customers. Upgrading your regular FCMB savings account unlocks several benefits.
Benefits of Upgrading Your FCMB Account
Some reasons to upgrade your regular FCMB account include:
- Higher interest payment on account balances
- Discounted banking fees on transactions
- Free debit card with loyalty rewards programs
- Increased daily limits on transfers and payments
- Special rates on personal loans and overdrafts
- Priority counter service at branches nationwide
Tips for Upgrading Your FCMB Account
Useful tips when upgrading your FCMB account:
- Visit your home branch for faster offline upgrade
- Leverage convenient digital channels for instant upgrade
- Select account type based on usage – savings, current, salary etc.
- Have valid ID card, passport photo and minimum balance ready
How to Upgrade FCMB Account Offline
To upgrade at an FCMB branch, take these steps:
- Visit any FCMB branch near you
- Ask to upgrade account from regular savings to preferred premium type
- Fill out account upgrade form and submit with attachments
- Pay one-time upgrade fee of N500 (exclusive to FCMB)
- Fund new account with applicable minimum opening balance
- Receive upgrade confirmation message within 24 hours
Documents Required for Offline Upgrade
- Valid means of ID (national ID, driver’s license etc.)
- Passport photographs
- Proof of residence (utility bills etc.)
How to Upgrade FCMB Account Online
To seamlessly upgrade online, take these steps:
- Login to FCMB Internet Banking platform
- Go to the Account Upgrade section
- Select preferred premium account type you intend to upgrade to
- Review terms, fill details and submit upgrade form
- Fund account immediately with required minimum balance
- Enjoy new upgraded account features instantly
Information Required for Online Upgrade
- Account number
- BVN number
- Valid means of ID
- Email address
- Phone number
- Minimum balance amount etc.
FAQs on How to upgrade FCMB Bank account easily (Online & Offline)
Here are some FAQ with answers On How to upgrade FCMB Bank account easily (Online & Offline).
1. Which FCMB account has easiest upgrade process?
FCMB Premium Current Account has the simplest upgrade requirements, making it the easiest to upgrade from regular savings.
2. Can I operate both old and new account after upgrade?
Yes, you can choose to keep your old regular savings account running alongside the newly upgraded premium account.
3. Is there a cost for simply upgrading account?
Yes, it is currently a one-time upgrade fee of N500 charged to move regular FCMB account package to premium type.
4. Do I need to change my debit card after upgrade?
No, your existing debit card will function normally after upgrade. However, you can request for higher card types now eligible based on new account tier.
5. How many days does FCMB account upgrade take to complete?
FCMB Bank account upgrade takes 1-3 working days for both offline and online applications to be fully processed.
6. Can I apply for quick loans after upgrading account?
Yes, upgrading allows access to personal loans, overdrafts and credit lines at discounted interest rates.
7. How much do I need to open FCMB current account?
Minimum balance required to open FCMB current account upon upgrade is N50,000 for individuals per time.
8. Must I visit branch to upgrade salary account package?
No, FCMB also allows initiating salary account upgrade directly via mobile banking or internet banking platform.
9. Which premium account types can I upgrade to?
The major account types you can upgrade to are: Premium Savings, Current, Salary, Domiciliary (Dollar) accounts etc.
10. Can I downgrade after upgrading to premium account?
Yes, it is possible to seamlessly revert from the premium account back to your old regular savings account within 3 months without extra charges.
11. Is there a mobile app for account upgrade?
Yes, apart from Internet Banking you can also easily upgrade FCMB account via their mobile banking application.
12. What are the criteria to qualify for upgrade?
To qualify, you must run an existing savings account. Also have valid ID card, passport photo and meet special minimum deposits.
13. How much balance do I need after upgrade?
Minimum post-upgrade balance ranges from N2,000 for Premium Savings up to N250,000 for Platinum Current accounts.
14. Can I upgrade savings account for my children?
Yes – parents/guardians can upgrade existing FCMB Kiddies account to premium benefits by visiting any branch nationwide.
15. Is there any upgrade offer for teenagers?
Yes, FCMB Teens Savings Account is also upgradable to premium benefits upon meeting stated terms and conditions.
16. How long does the whole upgrade process take?
The entire FCMB account upgrade process takes between 1-5 working days from start to completion.
17. Which bank branches can I visit to upgrade account?
You can walk into any FCMB branch of the over 200 locations nationwide to initiate upgrade of your savings account to premium benefits.
18. Can I upgrade if I don’t have BVN yet?
No, having an active Bank Verification Number (BVN) is a key requirement to be eligible to upgrade account either online or offline.
19. I stay abroad, can I still upgrade savings account?
Yes, Nigerians abroad can upgrade to premium FCMB Diaspora account by providing more details at a branch or via online banking.
20. My business has corporate account, can we also upgrade?
Yes, existing FCMB SME and commercial clients can request account upgrade to enjoy several added premium services.
Conclusion
Upgrading FCMB account enables you enjoy premium banking services, flexible transactions, interest on funds and tailored solutions. Multiple channels available for easy FCMB upgrade experience within 24 hours. Walk into any branch nationwide or login digitally to initiate seamless upgrade.
After reading this blog you know about How to upgrade FCMB Bank account easily (Online & Offline).
