Stanbic IBTC Bank, a member of Stanbic IBTC Holdings PLC, has introduced a new banking product that will help small and medium scale enterprises save on cost and and optimize their Business margins/revenues. The product, Biz-Smart Account, enables Enterprises open and operate the account without paying maintenance fees and other related charges.
Biz-Smart Account is a hybrid current naira account. It is specially tailored to Enterprises. Furthermore, it offers the unique features of both a savings and current account. The account was developed to help Enterprises reduce to the barest minimum the cost of business. Especially those costs that emanate from transactional accounts, Stanbic IBTC Bank says. This account offers zero account maintenance fees and it attracts interest based on the available deposit on the account. The account also gives the holder access to internet/mobile banking channels and access to MasterCard Naira Debit card. Another benefit includes third party cheque lodgment. It also allows for setting up of direct debits or standing orders. This will help for regular bills payment and receiving transfers, amongst others. Read more here
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