Heritage Bank office
By Obinna Chima
The newly-licensed Heritage Bank Limited, which commenced account validation exercise for customers of the defunct Societe Generale Bank of Nigeria (SGBN) at the weekend advised more customers of the erstwhile financial institution to take advantage of the opportunity.
The bank in a statement pointed out the immediate issuance of payment cheques to customers whose accounts were successfully validated as one of the highlights of the exercise.
Heritage Banking Company, which was licensed recently by the Central Bank of Nigeria (CBN) to operate under a regional banking status, had announced the commencement of a one-month account validation exercise for customers of the old SGBN.
The exercise which began on Tuesday January 29 is to set the tone for its commencement of operations. The exercise was part of the terms in the operational license granted it by the apex bank.
It explained that the exercise was in two parts -verification of accounts and instant issuance of payment cheques for those who prefer to collect the balances in their accounts.
“Owners of successfully validated accounts also have the option of retaining such with the new Heritage Bank which is set to begin operations before the end of first quarter of the year.
“The management of Heritage Bank has put everything in place to ensure that all SGBN customers who turn up for the month-long exercise goes back satisfied. Management has made adequate arrangement for everybody and we have the financial strength to pay everybody if the need arises,” it added.
It further stated that savings account holders were expected to come with means of identification such as driver’s license, passport or national identity card, as well as their cash withdrawal forms and deposit slips. Also, current and corporate account holders are expected to present their cheque books or cheque stubs.