Frequently Asked Questions

* Are Community Banks Safe?

  Ans.: Yes, they are.


* Why were Community Banks changed to micro-finance banks?

  Ans.: Community Banks were changed to Micro-Finance Banks in order to expand their scope of operations


* What is the minimum account opening amount?

  Ans.: Savings Account                  2,000 Naira

          Current Account                   3,000 Naira

          Current Account-(Coperate)   5,000 Naira

          Fixed Deposit                      50,000 Naira


* What is he minimum balance?

  Ans.: Savings Account                  500Naira

          Current Account                   3,000 Naira

          Current Account-(Coperate)   5,000 Naira

          Fixed Deposit                      50,000 Naira


* Does Micro-Finance Banks accept Cheques,Dividend Warrants etc.?

  Ans.: Yes


* Why Should I Bank with EFMFB?

  Ans.:

  - EFMFB is a Bank Licensed by the central Bank of Nigeria

  - It is managed by God-Fearing and reliable directors

  - Services are rendered by professional staff using the best     of technology.


* How can I benefit From EFMFB?

  Ans.:

  - Customised services and array of products.

  - Fast turn-around time at all service points.

  - Courteous and prompt reception at front desk and on phone

  - Safe and convenient business locattion.

  - Comfortable and friendly banking hall.

  - Personalized banking services.

  - Financial support services.


* Do you have Other branches or cash centres apart from Warri.

  Ans.: No, but there would be in future.


 

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