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
- Complete registration documents from the Corporate Affairs Commission:
- CAC certificate and status report for business name
- CAC certificate, status report, and MEMART for Limited Liability companies
- A valid means of identification – Driver’s license, INEC voters’ card, NIN slip/card, or international passport of the signatories
- BVN of signatories
- Recent utility bill – not older than 3 months.
- TIN
- 1 passport photo of each signatory, and
- Download and complete the account opening form
- Initial account opening balance of ₦20,000
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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.
- Complete registration documents from the Corporate Affairs Commission:
- CAC certificate and status report for business name
- CAC certificate, status report, and MEMART for Limited Liability companies
- A valid means of identification – Driver’s license, INEC voters’ card, NIN slip/card, or international passport of the signatories
- BVN of signatories
- Recent utility bill – not older than 3 months.
- TIN
- 1 passport photo of each signatory, and
- Download and complete the account opening form
- Initial account opening balance of ₦20,000
We also offer
Fixed Deposit Account
If you have a lump sum of money to invest and desire amazing returns on it, then our Fixed Deposit Account is perfect for you. With our Fixed Deposit Account, you can earn more interest on your deposits from a period as short as 30 days to up to a full year.
MaxYield Account
Accelerate your savings with the option of partial withdrawals for emergencies along the way