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Why Do Banks Ask For Nepa Bill Before Opening Account? - Business - Nairaland

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Why Do Banks Ask For Nepa Bill Before Opening Account? by lifezone247(m): 9:11pm On Jan 06, 2022
Was in the bank today when the customer care attendant was asking a student of a nepa bill before he can open an account, the guy says he’s still residing along his parents, the lady says he should go and get one from his parent house. Just wondering the connection between nepa and this bank account opening thing. What if my house is powered by solar? Bankers in the house can someone pls explain?

Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by DispatcherLagos: 9:12pm On Jan 06, 2022
To obtain your exact residential address

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Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by lifezone247(m): 9:15pm On Jan 06, 2022
DispatcherLagos:
To obtain your exact residential address
what if my house is powered by solar and I never had any connections with nepa before? Or I use prepaid?

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Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by DispatcherLagos: 9:23pm On Jan 06, 2022
lifezone247:
what if my house is powered by solar and I never had any connections with nepa before? Or I use prepaid?
There should be alternative

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Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by Massiveglory: 9:25pm On Jan 06, 2022
They ask so that in case nepa takes light they can tap current from your house.
grin

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Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by Pearlqueen(f): 9:29pm On Jan 06, 2022
lifezone247:
what if my house is powered by solar and I never had any connections with nepa before? Or I use prepaid?
It is not limited to NEPA bill alone. What banks ask for is UTILITY BILL. If you don't have NEPA bill, you should have receipt of other bills you pay that contains your correct house address.

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Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by lifezone247(m): 9:33pm On Jan 06, 2022
Pearlqueen:
It is not limited to NEPA bill alone. What banks ask for is UTILITY BILL. If you don't have NEPA bill, you should have receipt of other bills you pay that contains your correct house address.
my dear but they keep insisting on nepa bill all the time why not ask for other utility bills instead? Why the frequent nepa bill? That why I’m kinda confused.
Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by l69l: 9:33pm On Jan 06, 2022
KYC

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Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by lifezone247(m): 9:34pm On Jan 06, 2022
l69l:
KYC
hmm, Know Your Cutomer with nepa bill?
Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by l69l: 9:39pm On Jan 06, 2022
lifezone247:
hmm, Know Your Cutomer with nepa bill?
because dey are suppose to Visit to know ur House

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Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by lifezone247(m): 9:42pm On Jan 06, 2022
l69l:
because dey are suppose to Visit to know ur House
can be a rented apartment, what if I move to another place, or probably I build my house and moved in?
Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by Pearlqueen(f): 9:45pm On Jan 06, 2022
lifezone247:
my dear but they keep insisting on nepa bill all the time why not ask for other utility bills instead? Why the frequent nepa bill? That why I’m kinda confused.
It is not a must it should be NEPA bill.

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Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by l69l: 9:46pm On Jan 06, 2022
lifezone247:
can be a rented apartment, what if I move to another place, or probably I build my house and moved in?
U go back n update ur details
Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by malcom1X: 9:47pm On Jan 06, 2022
Whether it's NEPA bill or Utility bill, it only serves one purpose. To know if you're from the downtown or you're from uptown.

And they will always treat you based on that.
Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by thorpido(m): 10:00pm On Jan 06, 2022
lifezone247:
can be a rented apartment, what if I move to another place, or probably I build my house and moved in?
It can be LAWMA bill.They just need something that has your name and house address.

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Re: Why Do Banks Ask For Nepa Bill Before Opening Account? by tosbobby(m): 3:33am On Jan 07, 2022
The right word is Utility bill such as PHCN bill, LWMA bill or water cooperation bill.
For standard savings account a utility bill is required and a valid means of identification as required by CBN also for ease KYC.

Although there are other accouns one can open without utility bill just that it will have some restrictions especially daily transaction limit.

Read more on types of accounts on CBN portal.

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