SME Banking
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If you run or manage a Small or Medium Scale Enterprise (SME), then you’ve come to the right place. Our SME Banking leverages partnerships, value add offerings, cost saving banking services, etc, to support your business growth. We provide an array of financing options, financial advisory services inclusive, to ensure your business thrives.
GrowBiz Account
The Keystone Growbiz account is designed to meet the needs
Features
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| FEATURES | GROWBIZ CLASSIC | GROWBIZ GOLD |
| Opening balance | Individual/SME – N10,000 Corporates – N15,000 | Certified True Copy of form CAC 2.3 & 2.5/ Form of Application |
| Minimum Operating balance | Individual/SME – N0.00 Corporates – N0.00 | Valid Utility Bill |
| Monthly maintenance fee | Individual/SME – N2,500 Corporates – N3,500 | 2 confirmed references. |
| Monthly Turnover Limit |
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| Penal Charge | N/A | Introduction of penal charge of N5,000 applicable where the minimum operating balance is less than N100,000 and N500,000 for Individual and Corporates |
| International banking services | Access to international banking services | Access to international banking services |
| Cheque Book | Access to cheque book duly paid for | Access to cheque book duly paid for |
| Credit Facilities | Access to Credit Facilities (Terms and conditions applicable) | Access to Credit Facilities (Terms and conditions applicable) |
| Advisory Services | Individual account holders can enjoy free access to capacity building/business clinics/financial advisory services through the MSME Online Academy | Individual account holders can enjoy free access to capacity building/business clinics/financial advisory services through the MSME Online Academy |
Account Opening Documentation
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| INDIVIDUAL | MICRO, SMALL AND MEDIUM ENTERPRISES AND TRADER | CORPORATE |
| Account opening package | Account opening package | Certified True Copy of form CAC 2.3 & 2.5/ Form of Application |
| Dud Cheque Pledge Form | Dud Cheque Pledge Form | Valid Utility Bill |
| 2 references | 2 confirmed references and Passport photograph of the signatory | 2 confirmed references. |
| Utility Bill | Utility Bill | Utility Bill |
| BVN from customer, Visitation report and KYC form | BVN from customer, Visitation report & KYC form | BVN from signatories, Visitation Report & KYC form |
| Mandate card Copy of valid ID of the signatory | Mandate card & Copy of valid ID of the signatory | Mandate card & Copy of valid ID of each signatory |
| =N=50 Postage stamp | =N=50 Postage stamp | =N=50 Postage stamp |
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| Letter of Introduction | Board resolution, signed by a Director and Secretary |
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| Tax Identification Number | Tax Identification Number Stamp Duty (sign across the stamp) |
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| Certificate of Registration Form of application for | Certificate of Incorporation Certified True Copy of Memorandum |
Corporate Current Account
This is a current account designed for registered business
Features
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- Minimum opening balance of N10,000
- No minimum operating balance
- N1 per mille monthly CAMF fees
- Issuance of cheque books (valid for clearing)
- Account can be used to access loans
- No limit to number of withdrawals
Requirements
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- Duly filled and signed account opening form
- BVN from signatories
- Documentary evidence of address for the company e.g utility bill
- 2 references (corporate entities only)
- 2 passport photographs
- Valid means of identification of each signatory
- Residence Permit (where applicable)
- Certificate of Incorporation / Business Registration
- Forms CO7 and CO2
- Memorandum and Articles of Association
- Board resolution
- Tax Identification Number
- SCUML certificate (DNFBPs
Domiciliary Account
Keystone Bank Domiciliary Account is a current account
Features
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- Account can be denominated in Dollars, Pounds or Euros
- Minimum opening balance of 100 Dollars, 100 Euros or 100 Pounds
- Zero minimum operating balance
- Competitive interest rates
- Issuance of cheque book (not valid for clearing)
- No maintenance fee
- No limit to number of withdrawals
- Access to Keystone Bank debit/credit card
- Access to safe and secure E-Banking services & Channels - Mobile Banking and Internet Banking services
Requirements
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- Duly filled and signed account opening form
- Valid means of identification
- Documentary evidence of address
- 2 references
- BVN
- Passport photograph
- Mandate card
Domiciliary Extra Account
Keystone Bank Domiciliary Extra Account is a foreign
Features
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- Account can be denominated in Dollars, Pounds or Euros
- Minimum operating balance of 100 units of USD, GBP or EUR.
- Issuance of personalized cheque books (not valid for clearing)
- Zero transfer charge
- Competitive interest rates
- Access to Keystone Bank debit/credit card
- Access to safe and secure E-Banking services & Channels - Mobile Banking and Internet Banking services
Requirements
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- Duly filled and signed account opening form
- Valid means of identification
- Documentary evidence of address
- 2 references
- BVN
- Passport photograph
- Mandate card
Asset Financing for MSMEs
Through the MSME Asset Finance scheme, Keystone Bank
Features
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Tenor | 6 – 36 months |
Single Obligor Limit | Minimum Loan Amount – N500,000 Maximum Loan Amount – N20,000,000 |
Repayment source and structure |
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Target Market | All SMEs operating in various sectors such as Trade, Information Technology, Services, Food and Beverages, Fashion and Beauty, Agro-processing, Fitness and Wellness, Event Management, General Commerce etc. |
Keystone School Support Loan
The Keystone School Support Loan is designed to provide
Features
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| Tenor | Maximum Tenor of 36 months for Asset Financing and 12 months for Working Capital Financing. |
| Loan Limit | Minimum of N500,000; N5,000,000 for Working Capital |
| Obligor Limit | N20,000,000 (covering both Working Capital + Asset Financing) |
| Loan Purpose | Instalment loan to meet working capital & asset financing needs of schools. These include purchase of lab equipment, school bus, generators, computers, payment of salaries, school renovation & beautification, school inventory etc. |
Savings Extra Account
Savings Account Xtra is a savings account that functions
Features
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- Opening balance of N5,000 for individuals, and N10,000 for businesses.
- Minimum balance of N5,000 for individuals, and N10,000 for businesses.
- Interest rate of 1.15% per annum. (Terms and conditions apply)
- Zero maintenance fee
- Issuance of Verve and MasterCard debit cards
- Issuance of non-clearing cheque booklets
- Allows lodgment of clearing cheques & dividend warrants
- Third party withdrawals using cheques not valid for clearing
- Access to E-banking products - Cards, USSD, Mobile banking & Internet banking
Requirements
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| Individual | Micro, Small and Medium Enterprises and trader | Corporate |
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Trade Finance
We Deliver Customer-focused Trade Finance Solutions. At
Features
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- Bank Guarantee (BG)
- Documentary Letter of Credit (LC)
- Standby Letter of Credit (SBLC)
- Documentary Collections.
- Trade Advisory Services and Intermediations.
- Global Coverage
- Export Receivable Discounting Facility-ERDF
- Import Finance Facility-IFF
Keystone Bank maintains a global footprint through a strong correspondent banking network and key strategic alliances with multilateral agencies and development finance institutions.
Risk Mitigation
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We are a compliant organisation with strict adherence to all KYC/AML policies and procedures in trade. All Letters of Credit issued and advised by Keystone Bank follow the rules pursuant to UCP 600, URC 522, URDG 758 or ISP 98. Keystone Bank does not advise or issue instruments that do not meet the regulations in the listed rules.
Competition
Our customer service orientation, flexibility, global coverage, rates and experienced team produce our competitive edge in the market.
We are open 24 hours, Monday through Sunday to handle enquiries. You can reach us on +234 700 2000 3000 or email us at contactcentre@keystonebankng.com
GrowBeta Business Account
The GROWBETA BUSINESS ACCOUNT, is a product designed to
Features
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- N10,000.00 opening balance
- N0.0 operating balance
- Maximum monthly debit turnover of N25 Million
- Discounted Maintenance Fee of N0.50 per mille
- CAMF of N1 per mille in any month that the turnover threshold of N25 Million is exceeded.
Requirements
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- Completed Growbeta Current Account opening form
- Growbeta Agreement form
- Certificate of Incorporation, or Certificate of Registration for Business Names.
- Certified true copy of MEMART, CAC2, CAC7, or Application for Registration for Business Names.
- 2 confirmed references
- Utility bill
- Passport photos of signatory(ies)
- Filled account mandate card/form
- Copy of valid ID card of signatory (ies) i.e. national ID card, international passport, driver’s license, permanent voter’s card, copy of resident permit (for foreigners).
- Letter of introduction, or Board Resolution (for Limited Liability Companies).
- Tax Identification Number (TIN)
- BVN of signatory (ies).
- Visitation & KYC form; SCUML where applicable
- =N=50 Postage stamp
Apprentice Settlement Savings (Oga Account)
The Keystone Apprentice Savings Account is a purpose driven
Features
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- Minimum opening balance: N5,000. And operating balance of N5,000 Minimum daily/operating balance: N5,000. •
- Competitive Interest rate ( Terms and Conditions apply)
- Minimum of 3 years savings duration with no Maximum duration.
- No account maintenance fee (NIL).
- Allows cash, cheques and dividend warrant lodgments. (cheques and dividend warrants is subject to allowable daily deposit of N2m as per CBN policy)
- Multiple accounts can be opened for different Apprentice
- Structured payment plans using Standing Order instruction.
- Access to cash-backed credit facility: Access up to 50% of amount saved as cash-backed credit.
- Competitive interest rate on cash backed credit facility ( Terms and Conditions apply)
Requirements
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- For Existing customers, Add-on form.
- New customers
- BVN
- Account opening form with N50 Postage stamp
- Mandate card
- Copy of valid ID of the account holder; (Copy of Residence permit foreigners)
- Utility Bill not more than 3 months’ old
- Visitation Report and KYC form.
