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Biz Smart Account

Biz Smart Account

The Biz Smart Account offers financial services and tailored business solutions. Make your money work as hard as you do to reach your financial goals

Some of our benefits

Save

Earn interest 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 app and bank wherever you are
how to get it
  • Minimum opening balance of N10,000
  • 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
  • Zero current account maintenance fee if you keep a minimum balance of N50,000 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)
  • Interest payment of 0.25% per annum (if minimum balance is maintained)
  • Free access to internet banking and mobile banking (transaction fees apply)
  • Free e-mail alerts
  • Easy access to a domiciliary account
what it costs

This is a hybrid current account with an exemption from account maintenance fee if the following are met:                                                    

  • This account will be charged account maintenance fee of N1 per mille if the minimum balance on the account is less than N50,000 (Fifty Thousand Naira Only).
  • A customer who does a monthly debit turnover less than N40m will not be charged CAM fee. A customer who does a monthly turnover between N40m and N100m will be charged 50kobo per mille while a customer who does above N100mn will be charged N1 per mille. 7.5% VAT will automatically be taken alongside the CAM fee.                                                                
  • minimum account opening balance is N60,000 (opening balance of N10,000 and minimum daily balance of N50,000).
  • A maximum of four (4) cash withdrawals at the Branch of the Bank.  

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. The account will attract interest on the average minimum balance at the Bank’s prevailing interest rate for the account.

  • how to get it
  • what you get
  • what it costs
  • Minimum opening balance of N10,000
  • 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)
  • Zero current account maintenance fee if you keep a minimum balance of N50,000 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)
  • Interest payment of 0.25% per annum (if minimum balance is maintained)
  • Free access to internet banking and mobile banking (transaction fees apply)
  • Free e-mail alerts
  • Easy access to a domiciliary account

This is a hybrid current account with an exemption from account maintenance fee if the following are met:                                                    

  • This account will be charged account maintenance fee of N1 per mille if the minimum balance on the account is less than N50,000 (Fifty Thousand Naira Only).
  • A customer who does a monthly debit turnover less than N40m will not be charged CAM fee. A customer who does a monthly turnover between N40m and N100m will be charged 50kobo per mille while a customer who does above N100mn will be charged N1 per mille. 7.5% VAT will automatically be taken alongside the CAM fee.                                                                
  • minimum account opening balance is N60,000 (opening balance of N10,000 and minimum daily balance of N50,000).
  • A maximum of four (4) cash withdrawals at the Branch of the Bank.  

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. The account will attract interest on the average minimum balance at the Bank’s prevailing interest rate for the account.

In line with CBN Guide to Bank Charges by Banks and other financial institutions effective 1 January 2020
2020-01-01
PDF
In line with CBN Guide to Bank Charges by Banks and other financial institutions effective 1 January 2020
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