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.
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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]
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