The Chief Marketing Officer of the bank, Henry Bassey, said most small business owners currently avoid opening and operating bank accounts for their businesses due to high cost of running such accounts.
The benefits of the new proposition, according to the bank, includes zero opening balance; zero daily account balance; zero penalty charge; zero monthly service charge/account maintenance fee, among others.
“Small Business” owners who open this account will be entitled to free Transactional (SMS and Email) Alerts; free Debit Card; free Cheque book (1st issuance only); free business advisory helpdesk; free business/accounting software solution (first six months); reduced business registration cost, mobile banking and Internet banking services.
The Bank said the introduction of the proposition would and aimed at reducing cost of business operations, especially for bank related charges; affords small business owners to build financial history from the early stage of their businesses and enhance financial inclusion among other numerous benefits.
