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Diaspora Banking

Diaspora Banking banner

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.

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

  • 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

We also offer
Fixed-Deposit-SB_1164127882
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.

Mobile App_SB_1152373208
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.