BizSmart Plus
This is a business account that offers current account maintenance fee concessions, alongside other benefits to customers. The account holder can issue a clearing cheque on the account. 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 N1,000,000 in the account and do not withdraw more than 4 times per month at Stanbic IBTC branch
- MasterCard Debit Card for single signatory accounts
- A personalized Biz Smart plus cheque book that goes through CBN clearing.
- Access to free business POS
- Free e-mail alerts
- Easy access to a domiciliary account
What it costs
- The minimum account opening balance is N10,750
- This account will be charged current account maintenance fee of N1 per mille if the minimum daily balance on the account is less than N1,000,000 (One million naira).
- Carry out at least four (4) transactions monthly on the EOL (Enterprise Online) or SME App to enjoy free CAM fee
- A customer who does a monthly debit turnover less than N100m will not be charged CAM fee. A customer who does a monthly debit turnover between N100m and less than N250m will be charged 50kobo per mille while a customer who does above N250m will be charged N1 per mille. 7.5% VAT will automatically be taken alongside the CAM fee.
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The cheque is eligible to go through the Central Bank of Nigeria Clearing House.
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 N1,000,000 in the account and do not withdraw more than 4 times per month at Stanbic IBTC branch
- MasterCard Debit Card for single signatory accounts
- A personalized Biz Smart plus cheque book that goes through CBN clearing.
- Access to free business POS
- Free e-mail alerts
- Easy access to a domiciliary account
- The minimum account opening balance is N10,750
- This account will be charged current account maintenance fee of N1 per mille if the minimum daily balance on the account is less than N1,000,000 (One million naira).
- Carry out at least four (4) transactions monthly on the EOL (Enterprise Online) or SME App to enjoy free CAM fee
- A customer who does a monthly debit turnover less than N100m will not be charged CAM fee. A customer who does a monthly debit turnover between N100m and less than N250m will be charged 50kobo per mille while a customer who does above N250m will be charged N1 per mille. 7.5% VAT will automatically be taken alongside the CAM fee.
-
The cheque is eligible to go through the Central Bank of Nigeria Clearing House.
- 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
Terms and Conditions for Bizsmart Plus Account
We also offer
Internet Banking
Enjoy real-time updates, secure transactions and 24/7 access to your accounts. Internet Banking is convenient, secure and flexible, giving you access to your finances from anywhere, at any time.
Domiciliary Account
Doing business with the world is a lot easier with our Domiciliary Account. Maintain an account in the world’s major currencies with the ease and comfort of banking in Naira