Low-cost Current Account Offerings
Low-cost Current Account Offerings
Open a current account tailor-made to your business needs online.
Low Cost Current Account Offerings
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PRODUCTS AND SERVICES
We Offer Products And Services That Will Help Grow Your Business Sustainably
- Fidelity Small Business Account
- Fidelity Premium Business Account
- Fidelity Business Plus (FB+) Account
TAILORED CURRENT ACCOUNT FOR SMES
Fidelity Small Business Account (FSBA)
The Fidelity Small Business Account (FSBA) is a tailor-made, low cost current account offering for MSMEs designed to ensure every MSME has no reasons whatsoever, not to pass its transactions through a bank account. This is because the MSME subscribed to the FSBA is able to run a business account without being charged any account maintenance fee for all debit turnover amounts recorded every month, as long as it maintains the prescribed minimum operating balance amounts to enjoy free transactions.
The FSBA has three variants designed respectively for the micro, small and medium enterprise taking into account their business capacities as indicated by their estimated average monthly turnovers. These variants are detailed below:
Minimum Account Opening Balance
>10,000
Minimum Daily Balance
>10,000
Minimum Account Opening Balance
>20,000
Minimum Daily Balance
>20,000
Minimum Account Opening Balance
>35,000
Minimum Daily Balance
>25,000
- No Account Maintenance Fee for all Debit Turnover Amounts*
- No Monthly Charges
- No Limit on Number of Withdrawals, etc.
- Easy Access to Loans
- Free Business Advisory Services
- Assistance to Register your company/Business Name
Tailored Current Account for SMEs
Fidelity Premium Business Account
The Fidelity Premium Business Account (FPBA) is an interest bearing current account offering for MSMEs. In addition to earning interest on the FPBA, MSMEs subscribed to the FPBA also enjoy free transactions subject to the applicable terms and conditions.
The Fidelity Premium Business Account (FPBA) has two variants:
- Fidelity Premium Business Account Variant 1
- Fidelity Premium Business Account Variant 2
FPBA Variant 1
Key Features And Benefits
- ₦100,000 minimum account opening/operating balance
- Maximum account-maintenance-charge-free monthly turnover –N50m
- No fixed monthly charge
- Interest is paid on average monthly credit balance at an attractive rate
- Free initial cheque book
- Access to loan facilities
- Access to electronic banking services
FPBA Variant 2
Key Features And Benefits
- ₦500,000 minimum account opening/operating balance
- No cap on account-maintenance-charge-free-monthly turnover.
- No fixed monthly charge
- Interest is paid on average monthly credit balance at an attractive rate
- Free initial cheque book
- Access to loan facilities
- Access to electronic banking services
CORPORATE ACCOUNT
Fidelity Business Plus
The Fidelity Business Plus (FB+) account is more than just a bank account.
It is a complete business solution for MSMEs. It is a combination of a low cost enterprise current account with access to the Sage Online Accounting Solution, that is designed to enable MSMEs meet the book keeping and accounting needs of their businesses.
The Fidelity Business Plus (FB+) Account has two variants:
- Fidelity Business Plus (FB+) Account (Growing/Small Enterprise Variant)
- Fidelity Business Plus (FB+) Account (Established/Medium Enterprise Variant)
Features and Benefits of FB+ (Growing/Small Variant)
- ₦20,000 min. opening/operating balance.
- ₦0.40K account maintenance fee for all debit turnover amounts.
- Allows lodgments of cheques and dividend warrants.
- Allows free access to the Sage Accounting package.
- Allows access to loans.
- No fixed monthly fee.
- Access to electronic banking services.
Features and Benefits of FB+ (Established/Medium Variant)
- ₦50,000 min. opening/operating balance.
- ₦0.30K account maintenance fee for all debit turnover amounts.
- Allows lodgments of cheques and dividend warrants.
- Allows free access to the Sage Accounting package.
- Allows access to loans.
- No fixed monthly fee.
- Access to electronic banking services.
Features And Benefits
- Automated business processes
- Record keeping & inventory management
- Income statement & balance sheet generation
- Management account preparation
- Expenses and customer management, etc
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