Solution home FAQs

MYBUSINESS ACCOUNT PLUS

Where can I open this account?
This account can be opened at any Wema Bank Branch
Wed, 17 Feb, 2021 at 11:02 AM
Can MyBusiness Account Plus account holders have a debit card?
Yes, single signatory accounts can have Debit card.
Wed, 17 Feb, 2021 at 11:02 AM
Can an individual open MyBusiness Plus Account?
No, MyBusiness Account Plus is not for individuals.
Wed, 17 Feb, 2021 at 11:02 AM
What are the advantages of MyBusiness account over the normal Corporate Current Account?
MyBusiness Account Plus is COT free unlike a Corporate Current Account
Wed, 17 Feb, 2021 at 11:02 AM
Can I have an overdraft line on this account?
 No, this account is designed for customers who want to maintain the minimum balance and have free banking, overdraft feature is available for Corporate Cur...
Wed, 17 Feb, 2021 at 11:02 AM
How often can I migrate between variants of MyBusiness Account Plus?
As often as necessary
Wed, 17 Feb, 2021 at 11:03 AM
What happens if I migrate to another variant in the middle of the month?
The new account features would apply from the day the account is migrated.
Wed, 17 Feb, 2021 at 11:03 AM
Can I switch from one variant to another?
Yes, you can.
Wed, 17 Feb, 2021 at 11:03 AM
My business is dynamic. Some months, I get a lot of business and some months, I don’t get any at all. Would I still be charged the monthly fee if no activity is done on my account in a month?
No, you won't be charged. 
Wed, 17 Feb, 2021 at 11:03 AM
What happens if I withdraw below the minimum operating balance?
Normal account maintenance charges will apply.
Wed, 17 Feb, 2021 at 11:03 AM
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