Diaspora Banking

This a specialised offering for Nigerians living abroad. This allows them to send money back home to relatives, manage finances in Nigeria, save to buy a home, invest in local denominated wealth instruments, and execute projects amongst other things.

N0.00

Opening balance

Some of our benefits

Ease

Transact seamlessly at all times using our robust digital banking channels

Investment

Save and invest in various investments opportunities offered by Stanbic IBTC Holdings

Accessibility

Manage finances and business in Nigeria from abroad

Remittance

Send money back home to family and friends with ease

What you get

Domiciliary Transfers, Telegraphic Transfers, Outward remittances, Invisible payments, Form A application for payment of School Fees, Medial Fees,
Stanbic IBTC Asset management Mutual Funds Investment with highly competitive yields (Money Market, Bonds, Guaranteed Investment, Dollar Funds, Imaan Funds, Bonds, Treasury bills, Fixed Deposits, and so on)
Access to Mobile and Internet Banking services
Card Services: Debit Cards, Cash-backed Credit cards, Web payments and purchases.
Access to various products and services offered by subsidiaries of Stanbic IBTC holdings (wealth and asset management, stockbroking, pension, insurance, trustees)
A team of highly skilled and dedicated transactional bankers

What it costs

Zero account opening balance
Account Maintenance Fee for current accounts is charged at 0.001%
Diaspora Naira Savings : 1.15% and 1.65% for Diaspora Naira Max-yield Savings
Debit card issuance fee : ₦1075
Telegraphic transfers and outward remittances. Charges are broken down below.
Commission : 0.5% of principal
VAT :7.5% of commission
Telex : ₦4000 (or its equivalent in currency of transfer)
SMS alert fee : ₦4 for every notification received for transactions done and charged monthly

How to get it

Must provide a valid Nigerian government issued ID
Two passport photographs.
Two reference letters.
One of the following:
- Filled in banker's confirmation;
- Utility bill issued within the last three months for an address abroad;
- Bank credit statement issued within the last three months showing your address abroad; or of Proof of address in Nigeria along with proof of intention to emigrate (letter from employer or airplane tickets)

You can visit any of our branches if you are in Nigeria or

call our customer care team on 01 422 2222
or email [email protected]

What you get
What it costs
How to get it

Domiciliary Transfers, Telegraphic Transfers, Outward remittances, Invisible payments, Form A application for payment of School Fees, Medial Fees,
Stanbic IBTC Asset management Mutual Funds Investment with highly competitive yields (Money Market, Bonds, Guaranteed Investment, Dollar Funds, Imaan Funds, Bonds, Treasury bills, Fixed Deposits, and so on)
Access to Mobile and Internet Banking services
Card Services: Debit Cards, Cash-backed Credit cards, Web payments and purchases.
Access to various products and services offered by subsidiaries of Stanbic IBTC holdings (wealth and asset management, stockbroking, pension, insurance, trustees)
A team of highly skilled and dedicated transactional bankers

Zero account opening balance
Account Maintenance Fee for current accounts is charged at 0.001%
Diaspora Naira Savings : 1.15% and 1.65% for Diaspora Naira Max-yield Savings
Debit card issuance fee : ₦1075
Telegraphic transfers and outward remittances. Charges are broken down below.
Commission : 0.5% of principal
VAT :7.5% of commission
Telex : ₦4000 (or its equivalent in currency of transfer)
SMS alert fee : ₦4 for every notification received for transactions done and charged monthly

Must provide a valid Nigerian government issued ID
Two passport photographs.
Two reference letters.
One of the following:
- Filled in banker's confirmation;
- Utility bill issued within the last three months for an address abroad;
- Bank credit statement issued within the last three months showing your address abroad; or of Proof of address in Nigeria along with proof of intention to emigrate (letter from employer or airplane tickets)

You can visit any of our branches if you are in Nigeria or

call our customer care team on 01 422 2222
or email [email protected]

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.

Tell me more

Internet Banking

We provide a safe and secured environment for you to make transfers, payments and track your account easily with our internet banking anytime and anywhere. Register or log on to our internet banking now.