Biz Smart Account
This is a business account that offers current account maintenance fee concessions, alongside other benefits to customers. The product is available as conventional and non-interest banking variants.
Some of our benefits
Save
Transact and Pay Zero Account fees
Access
Bank 24/7 through our digital banking channels
Support
24 hour business banking support through our customer care channels
Mobility
Download the EOL (Enterprise Online) or SME App wherever you are
what you get
- Zero current account maintenance fee if you keep a minimum daily balance of N200,000 in the account and do not withdraw more than 4 times per month at a branch
- MasterCard Debit Card for single signatory accounts
- A personalized Biz Smart cheque book that you can only cash at Stanbic IBTC branches. (Applies to third parties recipients too)
- Access to free business POS
- Free e-mail alerts
- Easy access to a domiciliary account
what it costs
This is a current account with an exemption from account maintenance fee if the following are met:
- The minimum account opening balance is N10,750
- This account will be charged with a current account maintenance fee of N1 per mille if the minimum daily balance on the account is less than N200,000 (Two hundred thousand naira).
- Carry out at least four (4) transactions monthly on the EOL (Enterprise Online) or SME App to enjoy the concession
- A customer who does a monthly debit turnover less than N100m will not be charged CAM fee, while a customer who does above N100mn will be charged N1 per mille. 7.5% VAT will automatically be taken alongside the CAM fee.
- The cheque is not eligible to go through the Central Bank of Nigeria Clearing House. Accordingly, the cheque can only be cashed at the Bank’s Branches and or paid into bank accounts maintained in the Bank.
how to get it
- Application form
- Valid company registration documents
- 2 recent passport photographs of each signatory
- Each signatory’s valid ID card
- Proof of residential or official address/Utility Bill
- BVN of all signatories (for multiple signatory accounts)
-
what you get
-
what it costs
-
how to get it
- Zero current account maintenance fee if you keep a minimum daily balance of N200,000 in the account and do not withdraw more than 4 times per month at a branch
- MasterCard Debit Card for single signatory accounts
- A personalized Biz Smart cheque book that you can only cash at Stanbic IBTC branches. (Applies to third parties recipients too)
- Access to free business POS
- Free e-mail alerts
- Easy access to a domiciliary account
This is a current account with an exemption from account maintenance fee if the following are met:
- The minimum account opening balance is N10,750
- This account will be charged with a current account maintenance fee of N1 per mille if the minimum daily balance on the account is less than N200,000 (Two hundred thousand naira).
- Carry out at least four (4) transactions monthly on the EOL (Enterprise Online) or SME App to enjoy the concession
- A customer who does a monthly debit turnover less than N100m will not be charged CAM fee, while a customer who does above N100mn will be charged N1 per mille. 7.5% VAT will automatically be taken alongside the CAM fee.
- The cheque is not eligible to go through the Central Bank of Nigeria Clearing House. Accordingly, the cheque can only be cashed at the Bank’s Branches and or paid into bank accounts maintained in the Bank.
- Application form
- Valid company registration documents
- 2 recent passport photographs of each signatory
- Each signatory’s valid ID card
- Proof of residential or official address/Utility Bill
- BVN of all signatories (for multiple signatory accounts)
We also offer
Fixed Deposit Account
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MaxYield Account
Accelerate your savings with the option of partial withdrawals for emergencies along the way