The Nigeria Deposit Insurance Corporation (NDIC) has announced updated conditions for depositors of the now-defunct Heritage Bank.
According to the Statement sighted by Techeconomy, the new guidelines aim to simplify the processing of funds for various types of account holders, including corporate, minor, estate, and individual accounts.
To facilitate swift processing, depositors must provide the following:
- Passport photo
- Proof of account ownership
- Copy of valid national ID
- Valid phone number
- Bank Verification Number (BVN)
- Active alternate account in another commercial bank
The NDIC has also outlined important steps to expedite the verification process:
Create Accounts: For corporate accounts, ensure your alternate account has the same name and details as your corporate account in Heritage Bank (in liquidation).
Transaction Alerts: Activate transaction alerts on your alternate account to stay updated on payment status. If alerts are not active, check your balance using your bank’s USSD code or visit your bank.
Joint Accounts: For joint account holders, ensure your alternate account is also joint with matching details.
Accounts for Minors: Alternate accounts for minors must have the same name, signatory, and BVN as the Heritage Bank account.
Estate Accounts: Submit a Letter of Administration for estate accounts as part of the verification process.
The NDIC statement reads:
“Dear Heritage Bank Depositors (Corporate, Minor, Estate, and Individual account holders), as we continue to process your claims, we want to ensure smooth and swift processing of your insured sum payment. If you have not been verified and paid your insured sum, please visit the nearest NDIC zonal office nationwide with the required documents.”
For more details and to access the electronic form, visit the website.
