SpeedPay account is specially packaged for companies or organizations that make payments to several recipients/beneficiaries.  This product is currently used by several leading money transfer companies in Nigeria and other parts of the world.

SPEEDPAY (MULTIPLE PAYMENTS ACCOUNT) is an account that runs on our specially built mobile payment solution called FLASHMECASH. The features of the account are:

• MULTIPLE UPLOAD: make payments to an unlimited number of people at once without any hassles. All transactions can be posted in a particular format and as often as you want it done.
• TRANSFER TO MOBILE PHONES: make payments directly to recipients/beneficiaries mobile phones. The recipients/beneficiaries receive a text message immediately the transaction are uploaded successfully and can proceed to their banks to receive the money.
• CONFIRM TRANSACTION STATUS: know the status (paid or not-paid) of your transactions.
• BLOCK TRANSFERS: stop payment of transactions already uploaded but not paid by the bank. This gives you more authority to monitor all your payments/transfers.
• CHANGE TRANSFER DETAILS ONLINE: initiate online realtime instructions to change transaction details e.g. Change of beneficiary name, Identity Card etc. These details can be viewed by the cashiers at their respective bank branches and proceed to make payments immediately.
• TRANSFERS TO EXISTING ACCOUNT: send money directly to the accounts of existing account holders with the bank. The account holders get an alert on their mobile phones immediately their account are credited.
• ONLINE REALTIME ACCOUNT STATEMENT: view online realtime account statements as well as print out such statements in any format required. This allows for easy account reconciliation.
• CUSTOMER CARE SERVICE: our customer care service is also available to attend to your questions, comments and other needs.
• You also enjoy an interest of 2% per annum on a minimum deposit of N100,000.00
  

How to open a SpeedPay (Multiple payment account)

Simply provide the following documents:

• Duly complete any one of Corporate, ESTEEM or ESTEEM-Plus account opening form.
• Duly completed FLASHMECASH (CORPORATE) account opening form.
• Internet banking application form.
• Opening and Minimum balance of N100,000 (One hundred thousand naira only)
• Certificate of Incorporation of company
• Certified True Copy of the Memorandum and Article of Association of Company
• Certified True Copy of Form CO7, Form CO2 (Particulars of Directors)
• Registered Certificate/license to operate as money transfer Agent (issued by regulatory authorities in the country where the company is registered).
• Board Resolution or Company Mandate
• Two passport photographs of each signatory 
• Relevant Documents to identify signatories to the account e.g.
  
  • Driver's License
  • International Passport
  • Staff Identity Card of a reputable or publicly known organization
• Two satisfactory References
• Resident Permit (where applicable)
• Utility bill
  

For further enquiries contact: 
E-mail: speedpay@finbank.com.ng
Telephone: 234-1-7940376