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Stanbic Mobile Banking App – How to get Stanbic Mobile Banking App
Have you downloaded the Stanbic mobile banking app yet? It is a convenient way to manage all your financial solutions in one place. With this app, you can easily manage your bank account and make transactions anytime, anywhere using your smartphone or tablet. The app is available globally, so you can access it 24/7 from wherever you are.

The Stanbic Bank mobile app provides you with full visibility of your accounts and complete control over your money. It is a secure, simple, fast, and aesthetically pleasing app that is just like any other banking app you know. If you have a Stanbic account, you do not need to visit the bank to make any money transfers. The app is a faster, easier, and more convenient way for you to enjoy banking right from the comfort of your home or office.

Stanbic Mobile Banking App

The Stanbic mobile banking app is designed to decongest the banking halls and aligns with the CBN’s cashless policy. Stanbic understands the importance of finding new ways to make their services more convenient and better for their customers. That is why they launched this app, which allows their customers to access their accounts 24 hours a day, putting them in total control of their finances.

Benefits of Stanbic Mobile Banking App

Here are some of the benefits the Stanbic mobile banking app offers.

Secure: You get access to multiple security features to keep account access secured. Also, you have the control to block your cards or accounts instantly if compromised.

Quick access: The mobile app offers you quick access to all your online transactional banking features in the palm of your hand. You get instant transactions, bill payments, and transfers.

Versatile: Stanbic mobile app is available on Android, IOS, Windows, and BlackBerry Stores.

Easy: With the banking app, you have access to Accounts directly on your mobile device wherever you are.

Pay: You can pay your utility bills, buy airtime, and pay school fees through the app.

Mobility: you can download the App on the go, anywhere, anytime.

What You Get with the Stanbic Mobile Banking App

Here are what you receive with the app.
- You experience a new kind of banking that lets you transact anytime, anywhere
- A secure solution for your end-to-find financial needs
- Multiple services in the app – Bank, Wallet, Investment and Pensions
How Much Does It Cost to Use Stanbic App

The costs are listed below:
- There are no monthly subscription or sign-up fees for the app
- You get standard network rates that apply when downloading the app
How to get Stanbic Mobile Banking App

To get the Stanbic mobile banking app, follow the steps below.
- You have to download the Stanbic IBTC mobile app onto your phone from any of the following app stores
Google Play Store for Android

iOS App Store for Apple devices

Windows Store for Windows mobile phones
- Set up your profile using your email address and create your password
- Link your accounts and cards to the app and start banking
Then, you click here for the self-registration steps.

Requirements for setting up the Stanbic mobile App.

Here are the requirements needed to set up the Stanbic mobile app.
- You need to have an active bank account with the bank.
- Your mobile number has to be linked to your account. If it is not linked, just visit a branch near you to update your personal information.
Conclusion

When you have this Stanbic mobile App on your phone you do not have to stress yourself going to the bank to make any money transfer or to check your account balance. With the mobile app, you get full control over your account from your mobile phone while at home.

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February 26, 2024
Stanbic CHESS Account – How to Open Stanbic CHESS Account
Stanbic CHESS account is a unique savings product that is designed to make every Naira count for you and your child. As a parent or guardian, you understand the importance of providing your child or ward with the best education possible. However, the cost of education can be quite high, and it can be challenging to plan for the expenses that come with it.

This is where the CHESS account comes in. It offers a flexible savings plan that lets you save towards the education of your children and wards. With the CHESS account, you can be assured that you are making the right investments towards securing their future.

Stanbic CHESS Account

Stanbic CHESS Account allows you to save money regularly while earning attractive returns on your savings. The CHESS account allows you to make withdrawals to meet your cash flow and timing needs, making it a convenient option for parents and guardians.

Features of Stanbic CHESS Account

The features of this Account are outlined below.
- A minimum opening and daily balance of N5,000.
- Withdrawals are restricted to once every three months. There is a loss of 1% interest if there is more than one withdrawal during this period.
- There is free insurance policy cover in case of accidental death /permanent disability of parent /guardian (paying ten times the balance in the account, subject to a maximum of N5,000,000).
- You receive lodgments of cheques and dividend warrants into the account.
- It is a savings account with a lot of benefits for the account beneficiary.
Stanbic CHESS Account Benefits

Here are the benefits of Stanbic CHESS Account

Affordable: The account is affordable as you need a low opening balance.

Mobility: The app is downloadable, so there is no need to go to a branch.

Inclusive: CHESS account is available for kids between ages 0 and 17 years.

Independence: You get a MasterCard debit card

What Do You Get when you Open a Stanbic CHESS Account

You get the following when you open a Stanbic CHESS Account.
- An account to manage your child’s savings for educational fees, extra classes, or just learning about money.
- Interest rate of 1% which is above the average savings account.
- Forfeiture of 1% interest for more than 1 withdrawal in a quarter and forfeiture of savings rate if you withdraw more than 4 times in a month
- You receive a MasterCard debit card for easy access to your money
- There is 24/7 Access to the customer care center via phone, email, and social media.
- You get full digital banking access – internet, app and USSD
- Payment of cheques and dividend warrants when KYC requirements have been met
What is the Cost of Opening a Stanbic CHESS Account
- An opening deposit of N2000
- A minimum daily balance of N5000
How to Open Stanbic CHESS Account

To open this account, you will need to visit a branch location close to you. However, you will need the following requirements.
- A minimum opening balance of N2 000
- An application form
- Your child’s birth certificate
- Two recent passport photographs of your child
- Two recent passport photographs of you (parent)
- A valid ID of the you (parent)
- Two reference forms to enable cheque payments (Optional)
Conclusion

This account is a dedicated savings scheme that helps you plan for the education of your children and wards. By investing in this product, you can be confident that you are making the right decisions towards securing a brighter future for your loved ones.

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February 24, 2024
First Bank Trade Finance Services – How to Access First Bank Trade Finance Services
In today’s interconnected world, global trade plays a pivotal role in driving economic growth and fostering international cooperation. First Bank, a leading financial institution, offers a range of trade finance services designed to support businesses engaged in import-export activities. In this detailed article, we delve into the various aspects of First Bank trade finance services, exploring their role, how to access them, the requirements you’ll need, and how they facilitate seamless international trade transactions.

First Bank Trade Finance Services

Trade finance refers to the financing and management of international trade transactions between buyers and sellers located in different countries. It involves a wide range of financial instruments and services that are designed to help businesses mitigate the risks associated with cross-border trade, improve cash flow, and expand their global reach.

These financial tools include letters of credit, trade credit insurance, factoring, supply chain finance, and export finance, among others. Trade finance services are provided by banks, financial institutions, and other intermediaries, who act as facilitators of trade by providing financing, risk management, and other value-added services to importers and exporters.

By using trade finance, businesses can reduce their exposure to the risks of international trade, such as payment default, political instability, currency fluctuations, and regulatory compliance. Furthermore, trade finance enables businesses to access new markets, improve their competitiveness, and increase their profitability.

The Role of Trade Finance

Trade finance plays a pivotal role in facilitating international commerce. Here’s how it works:

Liquidity and Cash Flows

Trade finance provides liquidity to buyers and sellers. It ensures that importers receive their goods promptly while exporters receive timely payments.

Risk Mitigation

By managing risks, trade finance safeguards transactions. It shields businesses from payment defaults, currency fluctuations, and political uncertainties.

Global Supply Chain Support

From letters of credit to documentary collections, trade finance instruments underpin the entire supply chain. They bridge gaps between buyers, sellers, and financial institutions.

to meet the specific financing needs of businesses engaged in international trade.

How to Access First Bank Trade Finance Services

Accessing First Bank’s trade finance services is a straightforward process designed to support businesses engaged in import-export activities. Below is a comprehensive guide on how to access First Bank trade finance services:
- Establish a Business Relationship with First Bank
- Consult with a Trade Finance Specialist
- Explore Available Trade Finance Products and Services
- Submit Necessary Documentation and Applications
- Monitor and Manage Your Trade Finance Transactions
By following these steps, businesses can access First Bank’s trade finance services effectively and efficiently, enabling them to navigate the complexities of international trade with confidence and success. Whether you’re importing goods, exporting products, or seeking to manage currency risk, First Bank’s comprehensive trade finance solutions can help you achieve your business objectives and thrive in the global marketplace.

What Are the Requirements to Access First Bank Trade Services

Accessing First Bank trade services involves meeting certain requirements to ensure eligibility and compliance with regulatory standards. Below are the typical requirements to access First Bank trade services:
- Business Entity
- Operational History
- Financial Statements
- Creditworthiness
- Trade Documentation
- Bank Relationship
- Specific product requirement
By fulfilling these requirements, businesses can access First Bank trade services and leverage the bank’s expertise and resources to facilitate their international trade activities and achieve their business objectives.

Conclusion

First Bank’s trade finance services play a vital role in facilitating seamless international trade transactions and supporting businesses’ growth and expansion ambitions. Whether it’s providing import and export financing, issuing letters of credit, or offering risk mitigation solutions, First Bank’s comprehensive suite of trade finance services empowers businesses to navigate the complexities of global trade with confidence and efficiency. By partnering with First Bank, businesses can unlock new opportunities, expand their reach, and thrive in the dynamic world of international commerce.

Frequently Asked Question

What is the role of a trade finance bank?

Trade finance serves the purpose of removing supply and payment risks from deals by bringing in a third party. Trade finance gives the importer credit to complete the trade order, while exporters receive receivables or payment as per the arrangement.

What are Trade finance services?

The word “trade finance” refers to the methods, strategies, and resources that enable trade while shielding buyers and sellers from dangers associated with it. The goal of trade finance is to facilitate business-to-business transactions.

Which four foundations support trade finance?

The four pillars are payment, finance, risk management, and data. A robust and efficient trade finance framework is supported by four separates but connected pillars.

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February 24, 2024
FCMB Fixed Deposit Account – Features of FCMB Fixed Deposit Account

The Fixed Deposit Accounts are well favored in the society for their secured guaranteed returns. This article will explore the Fixed Deposit Account offered by FCMB. A leading financial institution in Nigeria. We will discuss its features, benefits, application process, requirements, and considerations of this investment tool. Keep reading to find out more:

Features of FCMB Fixed Deposit Account

Below are some of the features:

Competitive Interest Rates: they offer attractive interest rates on fixed deposits, ensuring your money grows steadily over the investment period.

Flexible Investment Tenures: Investors have the flexibility to choose from various investment tenures, ranging from 30 days to 365 days, depending on their financial goals and liquidity needs.

Minimum Deposit Requirement: This Account typically requires a minimum deposit amount, making it accessible to a wide range of investors.

Interest Payment Options: Investors can choose between receiving interest payments monthly or upon maturity, providing additional flexibility in managing cash flows.

Online Access: FCMB provides convenient online access to monitor and manage your fixed deposit account, offering ease of transaction and account management.

Benefits of FCMB Fixed Deposit Account

Below are some of the benefits:

Stability and Security: Fixed Deposit Accounts are renowned for their stability and security, making them an ideal option for conservative investors seeking to preserve capital.

Guaranteed Returns: With the FCMB Fixed Deposit Account, investors can enjoy guaranteed returns on their investment, mitigating the risk associated with market volatility.

Diversification: Including fixed deposits in your investment portfolio can help diversify risk and provide a stable income stream alongside other investment vehicles.

Financial Planning: Fixed Deposit Accounts facilitate effective financial planning by allowing investors to lock in funds for specific periods, aligning with their financial objectives and obligations.

Interest Compounding: By reinvesting interest earned, investors can benefit from the power of compounding, amplifying returns over time.

How to Apply for an FCMB Fixed Deposit Account

Having learned the features and benefits of the FCMB fixed deposit account. If you are interested and wish to apply, you can follow the steps listed below to begin:

Visit an FCMB Branch: Interested individuals can visit any FCMB branch to inquire about opening a Fixed Deposit Account.

Contact Customer Service: Alternatively, prospective investors can contact FCMB’s customer service via phone or email for guidance on the application process.

Provide Necessary Documentation: Applicants will need to provide valid identification documents, proof of address, and other required KYC (Know Your Customer) documents as per regulatory requirements.

Deposit Funds: Once the application is processed and approved, investors can deposit funds into their FCMB Fixed Deposit Account to initiate the investment.

Monitor Account: Investors can monitor their fixed deposit account through FCMB’s online banking platform or by visiting a branch for updates on interest accrual and maturity dates.

Requirements

Here are some of the requirements:

Valid Identification: Applicants must provide a valid form of identification such as a national ID card, driver’s license, or international passport.

Proof of Address: Proof of address documents such as utility bills or bank statements may be required to verify the applicant’s residential address.

KYC Documentation: As part of regulatory compliance. FCMB may request additional KYC documentation to verify the identity and source of funds of the applicant.

Minimum Deposit Amount: Applicants should ensure they meet the minimum deposit requirement specified by FCMB to open a Fixed Deposit Account.

Age Requirement: Applicants must meet the minimum age requirement set by FCMB to open a fixed deposit account. Typically 18 years or older.

Downsides

As much as the FCMB deposit account has a lot of benefits. There are also some downsides you should be aware of to help you make an informed choice. They are listed below:

Lack of Liquidity: Fixed Deposit Accounts are not as liquid as some other investment options. As funds are typically locked in for a predetermined period without early withdrawal penalties.

Interest Rate Risk: In a fluctuating interest rate environment. There is a risk that the interest rate offered on fixed deposits may become less competitive. Compared to prevailing market rates.

Inflation Risk: Fixed Deposit Accounts may be susceptible to inflation risk. Where the real purchasing power of returns diminishes over time, especially if interest rates do not outpace inflation.

FAQ

Can I withdraw my funds before the maturity date?

While it’s possible to withdraw funds from your Account before the maturity date. Early withdrawals may incur penalties or forfeit accrued interest.

It’s advisable to review the terms and conditions of the account before initiating an early withdrawal.

Are the interest rates fixed or variable?

The interest rates offered on FCMB Fixed Deposit Accounts are typically fixed for the duration of the investment period.

However, it’s essential to confirm with the bank regarding any changes to interest rates before opening an account.

Is my investment in Fixed Deposit Account insured?

FCMB Fixed Deposit Accounts are not covered by deposit insurance schemes. However, FCMB is a reputable financial institution regulated by the Central Bank of Nigeria (CBN).

This provides a level of assurance regarding the safety of deposits.

Why Should I Choose an FCMB Deposit Account?

The FCMB Fixed Deposit Account is a fixed choice. As it offers a secure and reliable investment option for individuals and businesses seeking stable returns with flexible investment tenures.

While it may not offer the same level of liquidity as some other investment vehicles. Its stability, guaranteed returns, and ease of access make it a valuable addition to any investment portfolio.

As with any investment decision, it’s essential to assess your financial goals, risk tolerance, and investment horizon before committing funds to a Fixed Deposit Account.

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Zenith Bank EazySave Classic Account – How to Open a Zenith Bank EasySave Classic Account

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Stanbic Fixed Deposit Account – How to Apply for a Stanbic Fixed Deposit Account

February 24, 2024
Zenith Bank EazySave Classic Account – How to Open a Zenith Bank EasySave Classic Account
Managing finances efficiently is crucial for achieving financial goals and securing a stable future. Recognizing the importance of accessible and convenient banking services, Zenith Bank introduces the EazySave Classic Account, a versatile financial solution designed to empower individuals with simplified banking experiences.

Zenith Bank EazySave Classic Account: How to Open a Zenith Bank EasySave Classic Account

In this comprehensive guide, we’ll delve into what the Zenith Bank EazySave Classic Account offers, its features, and requirements, how to open an account, and the benefits it provides to account holders.

About Zenith Bank EasySave Classic Account

The Zenith Bank EazySave Classic Account is a basic savings account designed to provide individuals with a simple and hassle-free banking experience. It offers a range of features and benefits tailored to meet the diverse financial needs of customers, making it an ideal choice for those seeking a convenient way to save and manage their money.

Features of Zenith Bank EasySave Classic Account
- Minimum Opening Balance: The EazySave Classic Account requires a low minimum opening balance, making it accessible to individuals from all walks of life.
- No Monthly Maintenance Fees: Account holders enjoy the benefit of no monthly maintenance fees, ensuring that their savings remain intact without any additional charges.
- Interest-bearing Account: The EazySave Classic Account earns interest on the account balance, allowing customers to grow their savings over time.
- ATM Card: Account holders receive a complimentary ATM card, providing them with 24/7 access to their funds through Zenith Bank’s extensive ATM network.
- Online and Mobile Banking: Customers can conveniently manage their EazySave Classic Account through Zenith Bank’s online and mobile banking platforms, allowing for easy transfers, bill payments, and account monitoring.
Requirements

Opening a Zenith Bank EazySave Classic Account is straightforward and requires the following:
- Valid means of identification (e.g., National ID card, international passport, Driver’s license, Voter’s card)
- Passport-sized photograph
- Completed account opening form
- Minimum opening balance as stipulated by the bank
How to Open a Zenith Bank EasySave Classic Account

follow the steps below to open a Zenith Bank EasySave Classic Account:
- Visit Zenith Bank’s Website:
Go to the official website of Zenith Bank. You can do this by typing “Zenith Bank” into your web browser’s search bar or by directly entering the bank’s URL.
- Navigate to the Account Opening Section:
Look for the “Open an Account” or “Account Opening” section on the website’s homepage. This section may be located in the main menu or as a prominent button or link on the page.
- Select the EasySave Classic Account Option:
Once you’re on the account opening page, browse through the available account options. Look for the EasySave Classic Account or a similar basic savings account option, and click on it to proceed.
- Fill Out the Online Account Opening Form:
You’ll be directed to an online account opening form. Provide the required information accurately and completely. This may include personal details such as your name, address, contact information, date of birth, occupation, and identification details.
- Upload Supporting Documents:
You may be asked to upload scanned copies or clear images of supporting documents, such as a valid means of identification (e.g., National ID card, international passport, Driver’s license) and a passport-sized photograph. Ensure that the documents meet the specified requirements for clarity and format.
- Review and Submit Your Application:
Double-check all the information you’ve entered to ensure its accuracy. Review the terms and conditions of opening an account with Zenith Bank. Once you’re satisfied, submit your application electronically by clicking on the “Submit” or “Continue” button.
- Wait for Confirmation:
After submitting your online application, you’ll receive a confirmation message indicating that your application has been received. Zenith Bank may contact you via email or phone to request further information or provide updates on the status of your application.
- Visit a Branch to Complete the Process:
While you’ve initiated the account opening process online, you’ll still need to visit a Zenith Bank branch in person to complete the necessary paperwork, provide original copies of your supporting documents for verification, and finalize the account opening process. Be sure to bring along all required documents and identification.
- Receive Your Account Details:
Once your account has been successfully opened, you’ll receive your account details, including your account number and any other relevant information. You can then start using your Zenith Bank EasySave Classic Account for your banking needs.
- Activate Online Banking Services:
After your account is fully set up, you can activate Zenith Bank’s online banking services to manage your account conveniently from anywhere with Internet access.

Benefits of Zenith Bank EasySave Classic Account

The Zenith Bank EazySave Classic Account offers numerous benefits to account holders, including:
- Convenience: Enjoy 24/7 access to funds through ATMs and online banking platforms.
- Affordability: No monthly maintenance fees ensure that your savings remain intact.
- Flexibility: Easily manage your account and conduct transactions from anywhere, anytime.
- Interest Earnings: Earn competitive interest rates on your account balance, helping your savings grow over time.
- Security: Benefit from Zenith Bank’s robust security measures to safeguard your funds and personal information.
FAQs

Can I Open a Zenith Bank EasySave Classic Account Entirely Online?

No, currently, Zenith Bank does not offer the option to open a new account entirely online. While you can start the process online by filling out an account opening form, you’ll need to visit a branch in person to complete the necessary paperwork and provide the required documentation.

What Documents Do I Need to Open a Zenith Bank EasySave Classic Account Online?

While the exact requirements may vary, you’ll typically need to provide personal details such as your name, address, contact information, date of birth, occupation, and identification details.

You may also be asked to upload scanned copies or clear images of supporting documents, such as a valid means of identification and a passport-sized photograph.

Is There a Fee for Opening a Zenith Bank EasySave Classic Account Online?

Opening a Zenith Bank EasySave Classic Account online is typically free of charge. However, be aware that other fees, such as minimum opening balance requirements, may apply. It’s advisable to review the bank’s terms and conditions for any associated fees or charges.

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February 24, 2024
FCMB Insurance Products – Types of FCMB Insurance Products
In today’s world, having insurance is important to guarantee peace of mind and security. One of the banks that offer insurance is the First City Monument Bank (FCMB). FCMB is a renowned financial institution in Nigeria that offers a wide of insurance products to meet the diverse needs of its customers.

This article will discuss the various insurance products offered by FCMB as well as a detailed understanding of what each product entails.

About FCMB Insurance

FCMB insurance is designed to provide insurance solutions to businesses, families, and individuals who are interested in insurance. The FCMB insurance offers a variety of products that are aimed at protecting clients against financial losses as well as mitigating risks.

Types of FCMB Insurance Products

FCMB has several types of insurance products that are being offered to clients and they will be listed and explained below:

Life Insurance

FCMB offers a type of insurance that provides financial protection to clients who are policyholders. The policyholders are beneficiaries in the event of death, critical illness, disability, and any other critical situation. These policies come in various forms such as universal life insurance, whole life insurance, and term life insurance.

Health Insurance

FCMB offers a type of insurance called health insurance and it majorly covers the essentials involved in covering medical expenses. It is covered by medical expenses that arise from illness, hospitalization, accidents, and many other serious medical issues.

The FCMB health insurance plans offer comprehensive coverage for families, individuals, and families that include access to a network of healthcare providers and facilities.

Travel Insurance

Travel insurance is another type of insurance offered by FCMB. It is designed to safeguard against unforeseen events while traveling. Some of the unforeseen events will include trip cancellations, medical emergencies during travels, lost luggage while traveling, and many others.

FCMB Travel Insurance offers its services for both domestic and international trips which ensures peace of mind where you go.

Property Insurance

FCMB offers property insurance to protect against the risk of fire, natural disasters, burglary, and other unforeseen accidents that happen to properties. The insurance covers buildings, contents, and other assets which provides financial compensation in the event of loss or damages.

Benefits of the FCMB Insurance

Purchasing FCMB insurance comes with lots of advantages, below are some of them:
- It offers financial protection
- It offers financial security and peace
- It offers customized solutions to specific needs and budget requirements
- It offers convenience with its easy enrollment processes, dedicated customer support, and quick claim settlements.
- It offers competitive premiums such as flexible payment options
- It is affordable and accessible to everyone
How to Purchase the FCMB Insurance

There are several ways to purchase FCMB insurance, they are easy and will be listed below:
- You can visit an FCMB branch to speak with a customer service representative
- You can access the option from the FCMB website or mobile app
- You can contact the FCMB insurance customer service on their hotline for guidance and assistance.
FAQS

Why Should I Choose the FCMB Insurance Products?

Choosing your insurance should come from several research on your end before making a decision however you can choose the FCMB insurance because it is designed with you in mind. It is designed for you whether you are looking for life insurance, health insurance, motor insurance, travel insurance, or property insurance.

FCMB has got you covered in several aspects but it is specifically designed to protect families, businesses, and individuals from the various risks and uncertainties that plague the natural living. FCMB insurance is your trusted partner when seeking all your insurance needs, explore FCMB insurance products to safeguard the things that matter to you and FCMB will be sure to protect it for you.

what do I need to apply for FCMB insurance?

Here are the basic requirements to apply for insurance with FCMB (First City Monument Bank):
- Personal details – Name, date of birth, contact details, etc.
- Proof of identity – Valid ID cards like a driver’s license, national ID card, or international passport.
- Proof of residential address – Utility bill, bank statement, tenancy agreement, etc.
- Employment details – Name and address of employer, job role, income details.
- Beneficiary details – Name, address, and relationship of beneficiaries.
- Medical details – Medical history and current state of health. You may need to undergo a medical examination.
- Premium payment details – Details of how you will pay the premiums e.g. debit from a bank account.
- Choice of insurance plan – Decide what type of insurance you need – life, health, motor, etc. and the coverage amount.
- Supporting documents – Passport photograph, proof of income/assets, consent for medical examination if required
Are There Downsides to the FCMB Insurance?

Yes, there are, major downsides that come from the fact that FCMB is not an independent dedicated insurer as it is more focused on banking, however, below are the downsides to consider:
- Limited coverage options
- Higher premiums
- Complex claims process
- Limited payout options
- Limited payout options
- Conflict of interest risks
- Less focus on insurance as a bank
- Limited advisor support
- Tied to bank relationship
- Less transparency
Is FCMB insurance expensive?

FCMB insurance does not have a definite amount as the costs can depend on several factors such as the following:
- It may have high premiums due to the fact that it is a bank insurer and doesn’t stand alone
- For life insurance the premium rates depend on the insurance pricing models
The list goes on and on, but in summary, FCMB premiums are not so overpriced or competitive. It is dependent on the factors surrounding the insurance.

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February 23, 2024
Zenith Bank Digital Banking – Features of Zenith Bank Digital Banking
In today’s fast-paced digital world, banking has evolved beyond the traditional brick-and-mortar branches. With the advent of digital banking, financial institutions like Zenith Bank have revolutionized the way customers manage their finances. through the zenith bank digital banking services.

Zenith Bank Digital Banking

In this comprehensive guide, we’ll dive into the intricacies of Zenith Bank Digital Banking, features of Zenith Bank digital banking, benefits, and how you can make the most of this convenient service.

Meaning of Zenith Bank Digital Banking

Zenith Bank Digital Banking refers to the suite of online and mobile banking services offered by Zenith Bank PLC, one of Nigeria’s foremost financial institutions. This platform empowers customers to perform various banking transactions conveniently from the comfort of their homes or on the go, using internet-enabled devices such as smartphones, tablets, or computers.

Features of The Zenith Bank Digital Banking Services

Zenith Bank Digital Banking offers a lot of features designed to streamline banking processes and enhance user experience. Some key features include:
- Account Management: View account balances, statements, and transaction history in real-time.
- Fund Transfers: Transfer funds between Zenith Bank accounts, to other banks, or make international transfers.
- Bill Payments: Pay bills, utilities, and other services seamlessly within the platform.
- Airtime Purchase: Recharge airtime for yourself or others directly from your account.
- Card Management: Activate, block, or request a replacement for debit and credit cards.
- Account Services: Request for checkbooks, account statements, and other banking services online.
Zenith Bank Digital Banking Code

To access Zenith Bank Digital Banking, customers can dial *966# on their mobile phones and follow the prompts to register and start using the service. This USSD code provides a convenient and accessible way for customers to bank on the go, without requiring internet connectivity.

How to How to Access Zenith Bank Digital Banking

Accessing Zenith Bank Digital Banking is straightforward. Here’s how you can get started:
- Online Registration: Visit the Zenith Bank website and follow the instructions to register for online banking.
- Mobile App: Download the Zenith Bank mobile app from the App Store (for iOS) or Google Play Store (for Android) and register using your account details.
- USSD Code: Dial *966# on your mobile phone, select the appropriate options, and follow the prompts to register and activate the service.
Benefits of Zenith Bank Digital Banking

The adoption of Zenith Bank Digital Banking comes with a lot of benefits for customers, including:
- Convenience: Access banking services anytime, anywhere, without the need to visit a physical branch.
- Time-saving: Perform transactions swiftly and efficiently, reducing waiting times and paperwork.
- Security: Enjoy enhanced security features such as biometric authentication and transaction alerts to safeguard your account.
- Cost-effective: Save money on transportation and other associated costs by conducting transactions digitally.
- Accessibility: Reach a wider range of banking services, even in remote or underserved areas with limited branch presence.
Frequently Asked Questions

Is Zenith Bank’s Digital Banking secure?

Yes, Zenith Bank employs robust security measures to protect customer data and transactions, including encryption, multi-factor authentication, and regular security updates.

Are there any fees associated with using Zenith Bank Digital Banking?

Zenith Bank may charge nominal fees for certain transactions or services, but most basic functions are typically free for customers.

How do I access Zenith Bank Digital Banking customer support?

You can reach Zenith Bank customer support through various channels, including phone, email, live chat on the website or mobile app, and in-person at branch locations.

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First Bank Corporate Accounts – Features and Benefits

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February 23, 2024
Stanbic Fixed Deposit Account – How to Apply for a Stanbic Fixed Deposit Account
Stanbic Fixed Deposit Account is an investment account that serves as a type of savings account. The account allows you to make deposits for a specified period and attracts higher interest rates than regular savings accounts. If you have a lump sum of money to invest and want to earn amazing returns on it, then a Fixed Deposit Account is perfect for you. With this account, you can earn more interest on your deposits from a period as short as 30 days to as long as a full year.

Stanbic Fixed Deposit Account

With this account, you deposit a specific amount of money for a predetermined period which can range from a few months to several years. During this time, the deposited funds earn a fixed interest rate, which is typically higher than that of regular savings accounts. The interest rate remains constant throughout the term, providing predictability and stability for your savings. At the end of the fixed term, you can withdraw your initial deposit along with the accrued interest.

Benefits of This Account

Stanbic Fixed Deposit Account offers some benefits to users. The benefits are outlined below.

Earn and Save: You get to earn interest when you save while using this account for day-to-day transactions.

Convenience: You can access your account on our self-service channels through the Mobile App and USSD code (*909#).

Competitive Interest Rates: Stanbic Fixed Deposit Account offers you Interest rates with good returns on your deposit.

Choices: As a Stanbic Fixed Deposit Account user, you have the option of receiving either interest only or interest plus principal at the expiration of the term.

What to Expect

Are you wondering what you will get when you open a Stanbic Fixed Deposit Account? You can check below to see what you get.
- You get competitive interest rates that earn good returns on your deposit.
- There are flexible investment periods, that range from 30 days to 1 year.
- Available in NGN, GBP, EUR, USD & ZAR with a minimum opening amount of N100,000, $5,000 or equal in other currencies.
- If required, Auto Rollover facility.
How to Apply for a Stanbic Fixed Deposit Account

You can follow the outlined steps below to apply for an account.

If you do not have an existing account already,
- You will have to open a Personal or a Business account or
- Fill in a deposit mandate form.
However, if you have an existing account already,
- You just have to submit the deposit mandate form.
What Does it Cost to Open a Stanbic Fixed Deposit Account

Below are the costs of opening this account type.
- A minimum account opening balance of N100 000, $5 000 or equivalent in Euro, Pound, or Rand
- The interest rate that is subject to withholding tax is currently at 10%
Conclusion

Stanbic Fixed Deposit Accounts are a safe way to save money and earn a guaranteed return over a fixed period. They’re ideal for people who want to steadily increase their savings over time. With these accounts, you can be sure of a fixed interest rate, giving you peace of mind and helping you reach your financial goals.

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February 23, 2024
First Bank SME Accounts – How to open a First Bank SME Account
Small and Medium-sized Enterprises (SMEs) play a crucial role in driving economic growth, innovation, and job creation in any economy. Recognizing the importance of supporting SMEs, First Bank of Nigeria offers a range of specialized SME accounts tailored to meet the unique financial needs of small businesses. In this comprehensive guide, we delve into the features, benefits, and opportunities associated with First Bank SME accounts, empowering entrepreneurs to unlock their full potential and achieve business success.

First Bank SME Accounts

First Bank SME accounts are specially designed to cater to the financial needs of small and medium-sized enterprises, providing access to a wide range of banking services and solutions tailored to support business growth and expansion.

These accounts offer SMEs flexibility, convenience, and access to essential banking services such as current accounts, savings accounts, and specialized business banking products.

Types of First Bank SME Accounts

FirstSME Classic Account

The FirstSME Classic Account is designed for small businesses and startups seeking basic banking services to manage their day-to-day financial transactions.

Features include low minimum opening balance requirements, online banking access, and access to a dedicated relationship manager for personalized assistance.

FirstSME Premium Account

The FirstSME Premium Account is ideal for growing SMEs looking for enhanced banking solutions and value-added services to support their expansion plans.

Features include higher transaction limits, competitive interest rates on deposits, access to trade finance and business loans, and exclusive privileges for account holders.

How to open a First Bank SME Account

As an entrepreneur or small business owner, having a dedicated SME (Small and Medium-sized Enterprises) account with First Bank can provide you with specialized banking services tailored to your business needs. In this guide, we’ll walk you through the step-by-step process of opening a First Bank SME account, empowering you to take control of your business finances and access essential banking solutions.

Research First Bank SME Account Options
- Before proceeding with opening an SME account, take the time to research the different types of SME accounts offered by First Bank.
- Consider factors such as account features, transaction limits, fees, and eligibility requirements to determine the best fit for your business needs.
- You can visit the First Bank website, contact their customer service, or visit a branch near you to gather information about the available SME account options.
Gather Required Documentation
- To open a First Bank SME account, you’ll need to provide certain documentation as part of the account opening process.
Typical documents may include:
- Business registration documents (Certificate of Incorporation, Business Name Registration, etc.).
- Valid identification documents (e.g., National ID, Driver’s License, International Passport) for authorized signatories or directors.
- Proof of address for the business (utility bill, tenancy agreement, etc.)
Visit a First Bank Branch
- After gathering all the required documentation, visit a First Bank branch nearest to you to open your account op.
- It’s advisable to schedule an appointment beforehand to ensure you receive personalized attention from a banking representative.
Speak with a Banking Representative
- Upon arrival at the branch, inform the banking representative that you are interested in opening an SME account.
- The banking representative will guide you through the account opening process, and answer any questions you may have. They will also assist you in selecting the most suitable SME account option based on your business needs.
Complete the Account Opening Form
- The banking representative will provide you with an SME account opening form to fill out.
- Ensure that you provide accurate and up-to-date information on the form. It includes details about your business, authorized signatories, and contact information.
Submit Required Documentation
- Along with the completed account opening form, submit all the required documentation as outlined by the bank.
- The banking representative will verify the documents and ensure that they meet the bank’s requirements for opening an SME account.
Await Account Approval
- Once you have submitted the account opening form and required documentation, the bank will review your application and conduct necessary checks.
- The approval process may take some time, depending on the bank’s internal procedures and verification requirements.
Receive Account Details
- Upon approval, you will receive your SME account details, including your account number and any additional information or access credentials.
- You may also receive a welcome package or communication from the bank confirming the successful opening of your SME account.
Activate Your SME Account
- Visit the bank branch or contact customer service to activate your SME account.
- You may be required to make an initial deposit to activate the account, depending on the bank’s policies.
Start Using Your SME Account
- Once your SME account is activated, you can start using it to perform various banking transactions, including deposits, withdrawals, transfers, and payments.
- Explore the range of banking services and features offered by First Bank to manage your business finances efficiently.
Conclusion

Opening a First Bank SME account is a straightforward process. It can be completed with proper preparation, documentation, and assistance from banking representatives. By following the steps outlined in this guide, you can establish a dedicated banking relationship with First Bank and gain access to specialized banking solutions tailored to support the growth and success of your small or medium-sized enterprise.

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February 23, 2024
Stanbic MaxYield Account – How to Open a Stanbic Max Yield Account
The Stanbic MaxYield Account is an excellent option for individuals who are looking for a reliable and secure way to grow their savings while earning competitive interest rates. With this account, you can enjoy the benefits of a high-yield savings account, designed to help you earn more money on your savings over time.

One of the unique features of the Stanbic MaxYield Account is its flexibility. You can make partial withdrawals from your account in case of emergencies, while still enjoying the benefits of a high-yield savings account. This means that you can maintain liquidity and accessibility to your funds while still earning interest on your savings.

Stanbic MaxYield Account

One added advantage of the Stanbic MaxYield Account is that it is tailored to meet the needs of individuals who want to maximize the returns on their savings over time. With competitive interest rates and no monthly maintenance fees, this account offers a reliable way to grow your savings and reach your financial goals. The Stanbic MaxYield Account is a great choice for those who want to save money and earn interest on their savings. With its flexible features, competitive interest rates, and tailored approach, it is a reliable and secure option that can help you achieve your financial objectives.

Stanbic Max Yield Account Benefits

Stanbic Max Yield Account has some benefits. Here are some of the benefits.

Options: You get access to optional withdrawals

Bonus: You get up to 0.5% bonus interest on your savings

Mobility: The app is downloadable, so you do not need to go into a branch

Flexibility: You can pay in cheques; dividend warrants and 3rd party withdrawals

What Does it Cost to Open a Stanbic Max Yield Account

The cost of opening a Stanbic Max Yield Account is outlined below.
- Minimum account opening balance of N10 000.
- Federal Government of Nigeria stamp duty charge of N50 on all transactions above N10,000.
- SMS Charge will be charged by the Telecommunication network
What do you Receive Open a Stanbic Max Yield Account

Are you wondering what you will get when you open a Stanbic Max Yield Account? You can check below to see what you get.
- Third-party deposits and withdrawals by cheques into your Max Yield account (Maximum deposit of N2 million and non-clearing 3rd party cheque withdrawals)
- Access to cash deposit and withdrawal at any Stanbic IBTC Personal Deposit Machine and ATM respectively
- You get to make payments on the Web and through POS with your debit MasterCard
- You have access to all E-Banking channels
- Ability to set up direct debits or standing orders for regular bill payments
- You receive bonus interest of 0.5% plus 10% of MPR per annum if your daily balance is more than N100,000.
- You receive Interest of 10% of MPR per annum if the balance is less than N100,000 or more than 1 withdrawal per month.
- Interest is forfeited at the 5th withdrawal in a month. Interest is paid monthly less a 10% withholding tax.
How to Open a Stanbic Max Yield Account

If you have another Stanbic IBTC Bank account already, you can instruct the bank to open this account for you. However, you will need the following.
- An application form.
- Two recent passport photographs of each signatory to the account
- Signatory’s valid ID (Driver’ license, international passport, National ID or voter’ Card).
- BVN of all Signatories
Conclusion

The Stanbic MaxYield Account is a great choice for people who want to save more and earn better interest rates. It offers predictable returns, easy access to funds, and flexible terms for deposits. Whether you’re saving for the future or building up your savings, this account provides a straightforward way to reach your financial goals with confidence.

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February 23, 2024