BizSmart Plus
Biz Smart Plus is an SME-focused account type designed to help businesses operate at lower costs by offering current account maintenance (CAM) fee concessions along with other benefits. The product supports small and medium enterprises in optimising their financial resources while maintaining operational efficiency.
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 (CAM) fee if you keep a minimum daily balance of ₦50,000 in the account
- A Free debit card upon successful account opening
- A personalised Biz Smart Plus cheque book that goes through the Central Bank of Nigeria clearing
- Access to free business POS
- Free e-mail alerts
- Easy access to a domiciliary account
- Enjoy zero transaction fees on the SME online banking platform (web and mobile) for the first six months after opening your account.
What it costs
This is a current account with an exemption from an account maintenance fee if the following are met:
- The minimum account opening balance is ₦20,000 – for registered businesses only
- This account will be charged with a current account maintenance fee of ₦1 per mille if the minimum daily balance on the account is less than ₦50,000
- A customer who does a total monthly withdrawal of less than ₦250 million will not be charged the CAM fee, while a customer who does above ₦250 million will be charged ₦1 per mille on the excess withdrawal. 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.
- The minimum operating balance is ₦50,000 to enjoy the concession on current account maintenance fees
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
-
What you get
-
What it costs
-
How to get it
-
Zero current account maintenance (CAM) fee if you keep a minimum daily balance of ₦50,000 in the account
- A Free debit card upon successful account opening
- A personalised Biz Smart Plus cheque book that goes through the Central Bank of Nigeria clearing
- Access to free business POS
- Free e-mail alerts
- Easy access to a domiciliary account
- Enjoy zero transaction fees on the SME online banking platform (web and mobile) for the first six months after opening your account.
This is a current account with an exemption from an account maintenance fee if the following are met:
- The minimum account opening balance is ₦20,000 – for registered businesses only
- This account will be charged with a current account maintenance fee of ₦1 per mille if the minimum daily balance on the account is less than ₦50,000
- A customer who does a total monthly withdrawal of less than ₦250 million will not be charged the CAM fee, while a customer who does above ₦250 million will be charged ₦1 per mille on the excess withdrawal. 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.
- The minimum operating balance is ₦50,000 to enjoy the concession on current account maintenance fees
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
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