Business Accounts
01
Business Zero AMF
The Sterling Business – Zero AMF Account is specifically designed for START-UPS who have newly registered their business to bank for free as we support the growth of your business.
Benefits and Features
Benefits and Features
02
Business AMF
The Sterling Business – AMF Account is a current account designed for business to run their daily operations. Gives access to wide range of banking services. Standard account maintenance fee applies monthly.
03
Business Minimum Balance
The Sterling Business – Minimum Balance Account is a current account tailored for matured business with high turnover volume.
They are exempted from account maintenance fee charge if operated within the stipulated daily minimum balance.
Benefits and Features
- Zero account maintenance fee provided minimum daily balance of N250,000 is maintained
- Access to tailored loan facilities
- Free business advisory and diagnostic service
- Real time monitoring of account activities (inflow & outflow) from customers convenience
- Access to internet banking & payment channels
- Allows third party withdrawal
- SMS and Email alert for account information
Benefits and Features
- Zero daily account balance
- Zero AMF charge where turnover is less than N1m in a month
- Access to Reduced AMF charge per transaction turnover
- Access to tailored loan facilities
- Free business advisory and diagnostic service
- Real time monitoring of account activities (inflow & outflow) from customers convenience
- Access to internet banking & payment channels
- SMS and Email alert for account information
Turnover Band & Charges
| Debit Turnover Band | ₦0 – ₦999,999 | ₦1m – ₦3.99m | ₦4m – ₦20m | ₦20.01m – ₦99.99m | ₦100m -₦249.9m | ₦250m -₦500m |
|---|---|---|---|---|---|---|
| Charges | No charge | ₦1,000 | ₦2,500 | ₦5,000 | ₦20,000 | ₦40,000 |
04
Business Turnover Account
This is a current account designed to provide emerging businesses the advantage of saving with reduced transaction charges. Customers pay reduced account maintenance fee monthly per transaction turnover.
05
Business Savings Non-individual Account
This is a hybrid account specifically designed for non individuals (registered and unregistered organisations) i.e. Clubs, Associations, Religious Bodies Societies, Unions etc.
Benefits and Features
- Zero account maintenance fee
- Competitive interest rate
- Access to debit card
- Access to business advisory and diagnostic service
- Real time monitoring of account activities (inflow & outflow) from customers convenience
- Access to internet banking & payment channels
- Allows third party withdrawal
- Sms and Email alert for account information
Benefits and Features
- Foreign cheque lodgment allowed
- Allows for offshore remittances
- Provides service of an offshore account. Allows you withdraw from anywhere via card issuance
- Allows transfer of money oversea (regulatory conditions)
- Allows international business transactions
- Real time monitoring of account activities (inflow & outflow) from customers convenience
- Access to internet banking & payment channels
- SMS and Email alert for account information
06
Business Foreign Currency Account (Domiciliary)
This is an account designed for businesses to make and receive payments in foreign currencies i.e USD, GBP & EURO.
07
Business Investment Account
This is an investment account with a defined interest rate for a certain period usually not less than 30 days.
08
Business Flex Account New
Open a business account today without having a registered business! You can register your business at a discounted rate when you open your Sterling Business Flex account.
Enjoy free banking today, with access to business advisory and non-financial services for your business growth. Business Flex accounts are eligible for business loans and get access to cashless payments using the Sterling POS.
Benefits and Features
- Access to tailored loan facilities.
- Access to discounted business registration services.
- Free business advisory and non-financial services .
- Real time monitoring of account activities (inflow & outflow) from customers convenience.
- Access to PoS terminal.
- Access to internet banking & payment channels.
- Account maintenance fee at N1/mille (negotiable with huge turnover.)
- Zero Daily Balance.
- Unlimited deposit and withdrawals.
Account Opening Requirements
- KYC Documents
Enterprise/Ventures
- Certificate of Registration
- BVN of all Directors
- Valid ID Cards for all signatories
- Tax Identification Number
- Utility Bill
- 2 Corporate references
- Passport photograph of all signatories
Limited Companies
- Certificate of Registration
- Shareholding structure (Form C02)
- Form C07 List of Directors
- Board Resolution
- Company Profile
- Memo & Articles of Association (MEMART)
- BVN of all Directors
- NIPC Certificate (For Foreign Investors)
- Valid ID Cards for all signatories
- Tax Identification Number
- Utility Bill
- 2 Corporate references
- Passport photograph of all signatories
Gen. Collection Merchants
- Certificate of Registration
- Certificate of Incorporation
- Shareholding structure (Form C02)
- Form C07 List of Directors
- Board Resolution
- Company Profile
- Memo & Articles of Association (MEMART)
- BVN of all Directors
- SCUML
- Valid ID Cards for all signatories
- Tax Identification Number
- Utility Bill
- 2 Corporate references
- Passport photograph of all signatories
Betting/Gaming Merchants
- Certificate of Registration
- Approval of Lottery commission (National or State)
- Shareholding structure (Form C02)
- Form C07 List of Directors
- Board Resolution
- Company Profile
- Memo & Articles of Association (MEMART)
- BVN of all Directors
- SCUML
- Valid ID Cards for all signatories
- Tax Identification Number
- Utility Bill
- 2 Corporate references
- Passport photograph of all signatories.
Agency/Lending/Finance Merchants
- Certificate of Registration
- Shareholding structure (Form C02)
- Form C07 List of Directors
- Board Resolution
- Company Profile
- Memo & Articles of Association (MEMART)
- BVN of all Directors
- List of snr. mgmt and addresses
- Copy of Operational License
- Profile of Chief Compliance Officer (If Available)
- AML/CFT Policy
- SCUML
- Valid ID Cards for all signatories
- Tax Identification Number
- Utility Bill
- 2 Corporate references
- Passport photograph of all signatories
- Approval of Lottery commission (National or State)
- CDD/KYC Policy