Features
- You are not charged Commission on Turnover (C.O.T.) on this account
- Opening balance:
Individual - N10, 000
Corporate - N10, 000
- Minimum balance:
Individual - N2,000
Corporate - N10,000
- Default on minimum balance reverses terms back to normal Current Account i.e. attracts COT of N5/mille and forfeits all interest payable. Interest is payable only on amounts in excess of the required minimum balance.
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No credit facility / overdrawn positions are allowed on the Zero-C.O.T. Current Account within the month
Target Market
- Individuals
- Limited Liability Companies
- Sole proprietorships
- Registered business names
- Partnerships
- Non-governmental organisations
- Clubs and Associations
- Religious bodies
- Government parastatals, agencies and ministries
Benefits and Extras
- You are not charged Commission on Turnover (C.O.T.) on this account
- Cheque-books are FREE
- Allows you to pay in all clearing instruments i.e. Cheques, dividend warrants e.t.c.
- The Cheques you issue can be paid into any bank
- Receive your monthly statement of accounts by email
2. Interest Bearing Account
Features
- Interest rate is tiered to customer's account balance
- Opening balance:
Individual - N10, 000
Corporate - N10, 000
- Minimum balance:
Individual - N10,000
Corporate - N10,000
- Default on minimum balance reverse terms back to normal Current Account i.e. attracts COT of N5/mille and forfeits all interest payable. Interest is payable only on amounts in excess of the required minimum balance.
-
Credit facility / overdrawn position is allowed on the Interest-bearing Current Account within the month
Target Market
- Individuals
- Limited Liability Companies
- Sole proprietorships
- Registered business names
- Partnerships
- Non-governmental organisations
- Clubs and Associations
- Religious bodies
- Government parastatals, agencies and ministries
Benefits and Extras
- It allows you to earn interest on your credit balances while having the flexibility to write cheques
- Cheque-books are FREE
- Allows you to pay in all clearing instruments i.e. Cheques, dividend warrants e.t.c.
- The Cheques you issue can be paid into any bank
- Receive your monthly statement of accounts by email
- The account can be used as a salary account
3. Regular Current Account
Features
- Opening balance:
Individual - N10, 000
Corporate - N10, 000
- No Minimum balance
- Cheques are charged
- Overdrafts are allowed
- Commission on Transaction (COT) is charged
-
Account Statements on Demand
Target Market
- Individuals
- Limited Liability Companies
- Sole proprietorships
- Registered business names
- Partnerships
- Non-governmental organisations
- Clubs and Associations
- Religious bodies
- Government parastatals, agencies and ministries
Benefits and Extras
- You will be issued with a cheque book that enables payment to third parties
- It is a clearing cheque - third parties can pay the check into their account with other banks and get value through the clearing system
- You gain access to our wide array of Credit Facilities
- Monthly statements are delivered to your doorstep, your e-mail address, or kept for you - according to your preference
- You are given free investment advisory services
- This account offers you an inroad into our wide array of Investment Products
- This account allows you to pay in all clearing instruments i.e. cheques, dividend warrants e.t.c
- This account can be used as a salary account
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